What do Henry Ford and Steve Wozniak have in common? They started the most successful ventures of all time while working traditional 9-to-5 jobs. Entrepreneurship is not just ownership but much more than that. Entrepreneurship creates jobs, innovates people, and promotes economic growth. Such individuals grow their skills, minds, and networks by starting new ventures. Undoubtedly, the motive behind the new ventures is also to earn profits as well.
Even though starting a venture early on in your career creates many opportunities for an individual, even then, the majority of people are not willing to quit their jobs. This is because it’s a risky step to quit your job and work on something unpredictable. No one can be blamed as some fixed expenses can’t wait and have to be accounted for. However, the rise of remote jobs or remote work positions has led to a new era of entrepreneurs.
Why Start A Business Along With A Job?
Hybrid entrepreneurs never leave their steady 9-to-5 job because if their new venture fails, they can still depend on their job to pay off their expenses. Moreover, working on a venture and a corporate job offers great freedom. Let’s look at the five freedoms you get by starting a new venture while employed.
1. A Chance To Develop Skills That A Traditional Day Job Doesn’t Teach
Working on your business allows you to increase your experiences and skills in every way. From developing and launching a new product line to setting up a program to coach others, there is no limit to how much you can learn! Moreover, it’s a great way to accelerate your corporate career, whether you are a CEO or leading a team to create a product from scratch.
2. The Freedom To Follow Your Passion
Everyone is passionate about one thing or the other. By starting a new venture, you get a chance to follow your passion. There is no limit to the nature of the venture you should start. You can opt for anything you want. Once the startup starts to flourish, you can quit your traditional job to become a hybrid entrepreneur.
3. The Freedom To Research, Explore, And Test Without Any Pressure
It is a viable option not to quit your job at first to get financial assistance for your new venture. Also, the job can be a way to fulfill your fixed monthly expenses so that you have the freedom to do what you want with the money you’ll be earning through your business. Also, having less financial pressure will help you be creative and take more risks with your new venture.
4. Provides Financial Freedoms
With a global recession looming around, people are afraid of taking risks by starting a new venture. A side venture can help provide an extra source of income to pay off your debt(s).
5. Networking, Opportunities, And Fun
Working for your venture is an amazing thing, and the feeling of freedom that you get with it is matchless! You get to meet interesting people that teach you valuable things related to the field. You might even meet someone who gets impressed by your talent and agrees to invest in your venture. You never know what comes your way when you decide to take risks.