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Serious side business experience
nirajn123
Posts: 200 Forumite
Hello,
Anyone who is involved in running one or more side business(es) e.g. Shops, Cafes while they are/were still in full time work? I am looking to at few options - buying existing retail business, franchise etc.
I have my own company and have some flexibility but it is still full time work, no issues with taxes etc. as I plan to do this new venture under a new ltd company and have an accountant who can help, finance (to an extent) is not an issue as well, I have limited help available from family to cover illness etc - but it is just that - limited (few hours per week).
Appreciate if anyone can share experiences on -
1. How much time per week is realistic
2. How stressful?
3. Hiring people - Do's/Don'ts
4. Is retail the right area to be considering - e.g. other easier sectors?
Anyone who is involved in running one or more side business(es) e.g. Shops, Cafes while they are/were still in full time work? I am looking to at few options - buying existing retail business, franchise etc.
I have my own company and have some flexibility but it is still full time work, no issues with taxes etc. as I plan to do this new venture under a new ltd company and have an accountant who can help, finance (to an extent) is not an issue as well, I have limited help available from family to cover illness etc - but it is just that - limited (few hours per week).
Appreciate if anyone can share experiences on -
1. How much time per week is realistic
2. How stressful?
3. Hiring people - Do's/Don'ts
4. Is retail the right area to be considering - e.g. other easier sectors?
0
Comments
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Are you aware their is a Business Board http://forums.moneysavingexpert.com/forumdisplay.php?f=270
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Thank you Harry, I wasn't aware of it. I'll repost this under Small Biz.0
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