How to Start Your Own Business on the Side
I sit in the lucky position as an investor / shark on the popular ABC show Shark Tank and I’ve seen hundreds of hopeful entrepreneurs pitch their businesses there. I’ve invested in a dozen, and a few have succeeded even beyond my expectations. I’ve learned that the most successful entrepreneurs all came up with their new business ideas the very same way: by turning their personal interest into a business while still maintaining a full-time job. Here are a few examples:
Jim Tselikis and Sabin Lomac, two young cousins from Maine, grew up loving fresh Maine lobster. After college Jim was working as a medical sales rep in Boston and Sabin in real estate in Southern California. When they decided to rehab an old food truck and sell lobster rolls on weekends, Cousins Maine Lobster was born! In their first month, they sold $30,000 in lobster rolls. They both quit their jobs, Jim moved to LA, and they charged full-time into their new lobster truck business. One year later Sabin and Jim have three trucks, an on-line distribution business, and a brick-and-mortar lobster restaurant in LA. This year they’ll roll out their first Cousins Maine Lobster food truck franchise! A weekend job that exploded into a lucrative business.
Tiffany Krumins was working as a full-time nanny in Auburn, Georgia, and volunteering at a local AIDS clinic for children on weekends. Medicine time at the clinic was eight times a day and the worst time for the kids. It broke Tiffany’s heart to watch the children cry, so she invented a clay model of an elephant with a medicine dispenser hidden inside along with a recording of her own sweet voice cheering the kids on…. Read full article HERE