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Can You Buy A Business While Working Full Time?

Thu, Aug 04, 2016 at 2:20PM

Can You Buy A Business While Working Full Time?

Many hopeful entrepreneurs look forward to buying a business and enjoying the enriching journey that follows—but aren’t quite sure if they can keep up their full-time job in the process.

It’s an important question that has a wealth of answers—but it is possible! In today’s blog, we will be looking at a few of the key traits needed for full-time employees to pursue the path of business ownership.

Those who successfully balance full-time work with business ownership often have…

A passion for the project

When you pursue business ownership while maintaining your full-time position, your passion for the project can make juggling the two roles even easier—and much more worthwhile.

A separation of interests

While your new business may share similarities with the one you work at now, it should—ideally—not conflict with your ability to perform day-to-day tasks at your current job, or clash with legal agreements you made upon employment. Keeping your new business separate from your current place of employment will help you to avoid any legal repercussions, and will allow you to continue your work more seamlessly.

After all, most business owners who continue to work full time do so for the stability factor—so do as much as you can to keep that source of stability as strong as possible! It will benefit you as you work toward building your new business, and will help you maintain strong professional connections you’ll appreciate having down the line.

Someone to count on

If you’re juggling the two big roles of business ownership and full-time employment, having someone to count on in the process—whether it be a business partner or another helpful confidant—will help make the balancing act a more successful one.

Dedication to making it work

Cultivating a new role while maintaining your current one may seem daunting—but don’t let that keep you from pursuing it anyway! In fact, having a sense of dedication to making it work will go a very long way in ensuring that it actually does.

While balancing a full-time job with your new business may be a big feat, it also has the potential to be incredibly rewarding. Let us know if you’d like to learn more about the ins and outs of buying a business today!

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