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Monthly Archives: September 2016

Tips to Start Business while You’re Still Employed

tips-to-start-business-while-youre-still-employedPondering beginning a business? You aren’t the only one. Forty-four percent of individuals are more intrigued by doing as such now than they were two years back, as per a study by Wakefield Research for MOO, an outline and printing organization.

The examination uncovered that about three in four individuals who work a 9 to 5 work concede they are unfulfilled by it, and in this manner need to begin a side business to seek after their interests. Be that as it may, while your new business may devour quite a bit of your time and vitality, you shouldn’t surrender your all day occupation just yet.

“Chasing your passion is important but can also be an expensive venture,” said Joe Speiser, co-founder of lifestyle media outlet LittleThings. “Before you find yourself in debt, trying to establish a new business, minimize your financial risk by staying employed.”

MOO’s data found that nearly two out of three millennials are eager to start their own business, and rightfully so— but there are a few important things to consider before diving in. Here are a few tips to keep in mind as you launch your side business.

One of the first and most important considerations in your decision to start a new business is your financial standing. Keeping your regular job when you first launch your business does help reduce the financial burden of startup costs, but before you get too far into your business plans, make sure you are, in fact, accounting for those costs with your current salary.

“The business will have a way of knocking on your door, asking for money and attention,” said Bob Johnston, founder and CEO of IT executive network Executive Council. “Make sure you have some money set aside to handle startup costs, however minimal, as well as think about potential hurdles that will need to be addressed, [such as] dealing with logistics, vendors and so on.”

Once you get your company up and going, you may be able to kiss your current occupation goodbye — but not without patience and hard work.

Andrew Yung, co-founder and head of marketing and partnerships at Pintrill, a lifestyle accessory brand, started his business while still working for a media company, and waited until the right moment to take his company full-time.

“When we launched, I was still working at my full time job and continued to do so for the next year and a half until I reached a ‘make it or break it’ point,” he said in a statement for MOO. “By then, the decision was easy — it was time to turn my passion into my full-time gig.”

Depending on what type of business you want to start, you may run into some issues if you’ve signed an employee agreement with a noncompete or nondisclosure clause. Check with a legal adviser to help you understand your state’s laws about employment agreements before you start your business. If there are any discrepancies or conflicts with your existing agreements, you may need to wait until you’re financially able to quit your full-time job before you can officially start your business.

However, in many cases, employers won’t mind — and may even support — you having a side venture, as long as it doesn’t cut into your regular work. For example, Phil Thomas, founder of fashion startup TEE-REX, works full-time as a senior product designer for MOO while he runs his business on the side.

“I love my role at MOO, but I have also always been passionate about minimal design, high street fashion and dinosaurs, which is why I founded TEE-REX,” Thomas told Business News Daily. “MOO allows me the flexibility to follow my passion while also giving 110 percent in my day job. It’s not always easy, and it can sometimes mean crazy evenings and busy weekends, but I love being able to run TEE-REX while also supporting MOO.”

If you determine that you’re legally cleared to start your business while employed at your current job, you’ll need to be respectful of your employer’s time. Working on your own business during your regular hours won’t go unnoticed — if you’re trying to keep your job while you get your business off the ground, you don’t want to jeopardize that by shirking your responsibilities.

Because you can’t (or rather, shouldn’t) use company time to work on your business, you must be prepared to pull that time from elsewhere in your life.

“Starting a new business will, most likely, have a major impact on the available time that you can devote to your family and friends,” Speiser said. “For the new entrepreneurs that want to start a side business, take a careful inventory of your work-life balance and the costs and benefits of starting a new career path. If the negative aspects outweigh the positive, it may not be the right decision for you.”

However, it’s important to pace yourself so you don’t get overwhelmed and burned out by both working a day job and running a business. This means knowing when to shut off “work mode” and make time for hobbies, friends and family. If you take care of yourself, you’ll be better able to take care of your business.

 

Solo Business Idea

It is safe to say that you are prepared to begin your own particular business, yet not prepared to contract workers? There are a lot of choices for individuals who might want to be “solopreneurs” and keep their business operations basic. Here are six thoughts to motivate you to begin dealing with your performance strategy for success immediately:

# Business Coach
Are you business-savvy with years of experience, and willing to pass that knowledge on to others? With the right marketing tactics, a strong personal network and a great website, it’s simple to become a business coach on your own. Work with small business owners or startup-hopefuls to carefully craft business plans, and advise those who need that extra motivation. If you know you can be a good motivator and not just a “yes man,” their investment in you will have great returns.

# Virtual Health Coaching

Are you educated in nutrition but are still looking to get your career to go in the right direction? Turn your healthy lifestyle choices and education into lucrative business decisions by becoming a virtual health coach. You’ll be aided in your efforts by the myriad new health-related apps and devices being developed to help clients keep track of fitness goals and weight loss.

# Chore/Errand Service for Seniors

Anyone with aging loved ones knows how hard it can be to care for them without extra help. Elderly people living in their own homes need help with lots of routine chores like cooking, cleaning, grocery shopping and yard work. Why not start a business that offers senior citizens and their families the help they need to maintain their households without breaking their budgets? With word-of-mouth endorsements and social media targeted at the overworked baby-boomer set, you could get this business off the ground in no time.

# Microbrewery
Want to turn your love of beer into a viable occupation? Why not jump on the microbrewing bandwagon? With the popularity of craft beers on the rise in the U.S., the demand for innovative breweries is growing. Take a page from the successful owners of Brooklyn Brewery and start by focusing on branding and distribution of your beverages. With some thirsty investors and a few barrels of persistence, you could have your brewery up and running faster than you can say “cheers!”

# Personal Trainer
With employers and corporations looking to decrease health care costs and a greater awareness of diseases associated with obesity, America is looking to get fit. Freelance personal trainers make their own schedules and work for a diverse range of clients. If you’re a fitness guru with a head for business, this might just be the right idea for you.

# Special Deliveries
Whether it’s a bouquet of flowers in celebration of a wedding anniversary or an ice cream cake delivery for a child’s birthday, there’s a need for businesses that carry out long-distance requests on behalf of those whose loved ones live far away. With the right website and a PayPal account, you could start building your reputation as a “special delivery” courier today.

 

Know Start up About Women’s Health

Indeed, even in the cutting edge world, talking about specific ladies’ wellbeing and health themes makes a few people uncomfortable.

As per the Smithsonian, solid marks of disgrace encompassing ladies’ wellbeing issues can influence everything from sexual orientation imbalance and monetary uniqueness to the commonness of genuine maladies like cervical malignancy. In any case, gradually yet clearly, it’s turning out to be more acknowledged to openly address ladies’ wellbeing, particularly with more ladies driven new companies framing.

“Issues affecting women — menstruation, contraception, fertility — remain taboo,” said Kate Ryder founder and CEO of women-centric health app, Maven. “Creating a more equal system means bringing women’s health out of the shadows.”

These three startups were founded to help improve women’s lives and make it easier for them to freely discuss the health issues that affect them.

The Maven app assists women in finding the healthcare that fits their needs. Users input the type of care they need, and the app then suggests providers. The platform gives users the opportunity to book a video appointment, where they’ll meet with the provider via the Maven app, in real time.

Women have a variety of needs, which is why Maven users can see nurse practitioners, nutritionists, mental health specialists and a myriad of other health care providers, Ryder said.

“Doctors spend 8 minutes or less in-person with the average patient,” she said. “We at Maven believe the first and most obvious way technology can improve outcomes and make the patient experience better is by restoring the depth and continuity in patient-provider relationships.”

Maven aims to expand its services to help women at various times in their lives. The company recently launched a maternity benefits program, Maven Enterprise, that helps businesses both attract and retain top female talent.

“The program goes far beyond standard leave and insurance offerings by providing unlimited access to on-demand health care for women during pregnancy [and] postpartum, and as they go back to work,” said Ryder.

The company’s work doesn’t stop at the end user, either. Through the Maven Foundation’s Access for All program, the company donates $1 for every appointment purchased toward care for women in need. The foundation supports practitioners providing their services, free of cost, to women and children who lack access to quality health care.

Maven’s prices start at $18 for 10 minutes with a nurse practitioner, which also allows you to get a prescription.

LOLA, a subscription service for feminine hygiene products, was created by co-founders Jordana Kier and Alex Friedman as a solution the problem of unpreparedness.

“We were able to get groceries, beauty products and dry cleaning delivered to our door. But for some reason we were still making last-minute tampon runs to the drugstore every month, even though it was never any surprise that we would need them,” Kier said.

“Our goal was to help women feel empowered to ask questions about their feminine care and informed enough to make educated choices about the products they use,” Kier continued. “Long term, the vision for LOLA is to provide all women with the products they need throughout their entire reproductive cycles, and beyond. To us, the entry of other startups into the space further validates the importance of all-natural products.”

A LOLA delivery comes in discreet boxes that contain 18 tampons, available in three different sizes (light, regular, super) consistent with industry standards.

“It was important to us to build our subscription model to be a service we would want to use ourselves, so we make it really easy to adjust, skip or cancel at any time,” Friedman said.

LOLA sells products made from 100 percent cotton, hypoallergenic material that doesn’t contain any synthetics, chemicals or dyes. Additionally, LOLA tampons are wrapped in BPA-free compact plastic applicators.

Earlier this year, LOLA launched its blog, The Broadcast. The blog provides women’s health, tips and features conversations with “trailblazing women the company admires.”

The undergarments made by Thinx offer a new freedom that women may have never experienced: the ability to wear underwear during their menstrual cycles without traditional “protection.”

According to the Thinx site, the top layer of the underwear fights bacteria and absorbs any liquid into the thin layer right beneath it, so you always stay dry. The product comes in a variety of styles and absorbency levels.

“There was really a huge opportunity and need for disruption in the feminine hygiene and underwear category,” Miki Agrawal, co-founder and CEO of Thinx, told Business News Daily.

For every product sold, Thinx sends funds to its partner organization, AFRIpads. Based in Uganda, that group trains women to sew and sell washable, reusable cloth pads, empowering the women to become entrepreneurs. Additionally, local Ugandan girls can purchase the affordable pads, keeping these young students in school all month.

Agrawal said the company will be expanding affordable pad options to Nepal and India, as well.

Thinx isn’t just addressing periods, either. Icon, Thinx’s sister company, is an underwear brand made for women who have incontinence issues. Like Thinx, the product absorbs, remains bacteria-free and keeps wearers dry. It gives to the Fistula Foundation, which helps mothers who are giving birth without health care.

Agrawal said her company has received customer testimonials from not only women with menstrual irregularities, but also handicapped women and transgender individuals who have greatly benefitted from Thinx’s products.

“People have expressed how this underwear has changed their lives with all different types of experiences,” Agrawal said. “[There have been] endless amounts of people getting in touch with us. It’s been magical.”

Natural Cycles is an app that monitors women’s menstrual cycles. Its capabilities include telling you when you are fertile, ovulating, when your next period is due, when you are pregnant and about the progress of your pregnancy

“Regulation is a good thing in the app and healthcare technology space,” Dr. Raoul Scherwitzl, co-founder and chief executive of Natural Cycles said in a release. “Natural Cycles is backed up by well-researched, large-scale clinical studies. We know we are dealing with women’s lives here and we take that very seriously.”

According to the site, women using the app are encouraged to enter their body temperature daily, or as often as possible, to determine ovulation and help identify the days you are fertile.

Natural Cycles has over 100,000 active users in 161 countries, the release said. The company has raised $6 million in funding to aid international expansion and conduct new clinical studies; additionally, the company has donated $25 million worth of free subscriptions to women in Brazil to help fight the Zika virus.

“Health apps are an important part of daily life for many women which means the information provided by them impacts their health and well-being,” Scherwitzl said.