This story first appeared in the September issue of Entrepreneur. To receive the magazine, click here to subscribe. Even better, working for someone else gives you a front-row view of the best (and worst) ways to run a company, from managing time and money to handling customers and employees.
Keeping your day job while starting a business has its advantages. Aside from the steady income and free coffee, reliable full-time work helps you flesh out your résumé and portfolio and extend your professional network. Even better, working for someone else gives you a front-row view of the best (and worst) ways to run a company, from managing time and money to handling customers and employees.
Holding down a day job means having only so many waking hours to devote to your side venture. That’s why validating that your idea will work—and that people will pay for it—should be priority No. 1, says Shara Senderoff, co-founder and CEO of Career Sushi, an online marketplace that connects young professionals with employers.
“I probably spent six months doing that,” says the Los Angeles-based entrepreneur, whose site now serves 15,000 employers and 150,000 job seekers. “In retrospect, that was a wasted six months.” Of course, the typical startup can’t afford such indulgences, lest they run out of cash before going live. Lesson learned, says Senderoff: “Don’t try to build a Porsche when you just need to build the wireframe and test whether the car will ever drive.” Read more…