Negosentro | How an Online Job Can Help You Build a More Stable Business | You can accelerate business growth by helping entrepreneurs recruit and onboard skilled remote talent from the Philippines. Read on and find out how.
How do you become successful in life?
There are many definitions for success. But regardless of how you define success, you need to be financially independent to achieve it — and most reach this through a business.
But building a business is not a walk in the park. It needs the right mix of effort, time, and luck to grow.
So does it make sense to focus 100% of your time and energy on your business? Not necessarily.
Many people keep an online job while building their business — at least at first. Here’s why.
Financial Stability
Most businesses experience ups and downs – especially when you’re just starting.
Regardless, your personal expenses won’t wait, particularly if you have a family. And if you don’t meet your target sales, where will you get the money for these?
It’s quite hard to operate your business when you’re fighting for survival. This will hamper your ability to think for the long term.
Most just hyperfocus on short-term sales fixes as a result, but you can’t really grow a robust business that way.
An online job gives you a safety net with which you can build a solid business in the long run.
Reduced Risk
Based on statistics, 95% of small businesses fail in 1 year. And 99% fail in 5 years. During the last pandemic, even some of the most established businesses shut down. So the odds are not really in your favor.
What if you fail in your business? What will you do?
We will never know what the future holds. But we can mitigate the risks.
If you save some money from your online job, you can invest it as extra capital for your business. Who knows? That one last push might take your business to the next level.
If nothing else, an online job gives you another source of income for your expenses just in case your business fails.
Skills Development
As a business owner, you should have multiple skills in different aspects of your business.
It’s not enough to know just how to sell a product or service. You should also have a basic understanding of marketing, social media management, human resource management, and more.
Ever wonder how you can hone these skills for free, and in a secure environment? Through an online job, that’s how.
In fact, you can apply for online jobs related to the skills or industries you’re interested in.
For example, let’s say you want to learn how to do social media marketing. Getting a social media virtual assistant job gives you more real-world experience than learning it through a course.
If you already have an online job, you can take on additional tasks and responsibilities as a way to upskill even further.
It may take additional work. But what you’ll learn from the experience could be what you need to find success in your business.
Networking Opportunities
In business, it’s not always what you know, but who you know that count. But it’s quite hard to meet new people while running your business.
If you’re thinking of ways to network, your online job can be a starting point as well.
With an online job, you can interact with new people who might be relevant to your industry.
And when you build enough connections, you can possibly partner or consult with them in the future.
Work Flexibility
Compared to an office-based job, online jobs offer much-needed flexibility.
If you work in the Philippines, you can save so much time just from the lack of a commute alone. That’s an extra 2-3 hours per workday you can use to build your business.
Location flexibility is a plus as well. Imagine being able to manage your physical store while working your online job during your downtime.
Where can you find a job like this? You can register with reputable companies like Remote Staff to help connect you to the right clients.
And once you build a thriving business with a healthy cash flow, you have the option to focus on it 100% of the time – or still keep working your online jobs.
Wishing you the best of luck!
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About Rica Jankulovski
As the Co-Founder and General Manager of Remote Staff, Rica Jankulovski has been helping small-to-medium-sized companies grow sustainably and steadily by matching them with hard-working, English-speaking Filipino remote talent.
Having been born and raised in the Philippines and currently living in Australia, her unique experiences and perspectives on both cultures allow her to constantly empower both her clients and remote talents to make a meaningful difference in work and in life for the past 15 years.
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