How to Start a Business While Working Full-time, Married with Kids

Here are five things to remember when you decide to start a business while managing a family and a full-time job.

Prev1 of 2Next
Use your ← → (arrow) keys to browse

In February 2012, my wife mentioned something to me right before I walked out the door to go to work.

“Joe, I feel like you’re going to work, the place — but you’re not doing good work, the noun,” she said.

“Wow,” I thought to myself. Well, if you do not have respect from your ace of a wife, what do you have, right?

I gave my two-week notice to my employer that same afternoon.


There is No Such Thing as the “Perfect Time”

After leaving a company I had been with for six years, I started a strategic consulting practice from “scratch to thriving” — which started with me convincing CEO’s to hire me, somewhat of a strategy cowboy who likes to wear jeans and be home for dinner. Then, I actually had to do the work — grow their businesses and push their management to be excellent and come alive in their own day jobs.

In addition to running a full-time consulting practice, I also spent thousands of hours creating my latest startup.

I obtained funding and built You Need My Guy from idea to launch. Then I flew to NYC to pitch the board of KAYWEB Angels, an angel investment group based in New York City, and beat out hundreds of competitors to reach a deal.

Oh, and I forgot to mention that during this time I bought and sold two houses and my wife and I had a baby which added to my 2-year-old twins; now we were raising three kids under 3 years of age.

Understandably the question that I am asked all the time is, “Joe, how do you do it?”

Most people say they will wait until “later” to do something new and risky, but I promise you–there will never be a “perfect time.” You will always wish you had more money in the bank, more experience, or more nights of solid sleep without waking up to change diapers.


How to Start a Business and Manage your Busy Life

So here are five things to remember when you decide to start a business while managing a family and a full-time job:

1. Be careful — to an extent.

Take caution in multiple ways if you are starting a business in this type of situation. For instance, don’t spend your last $1,000 on your new website — you are married with kids now, and they come first. There, I said it.

If you take care of your family, you will find yourself becoming a better entrepreneur and leader. Also, make sure you are not breaking your employment agreement by taking on a side project. For some reason, those pesky bosses want you spending time on their work during the day, and getting fired for writing a business plan at your desk would not be awesome!

Prev1 of 2Next
Use your ← → (arrow) keys to browse

© YFS Magazine. All Rights Reserved. Copying prohibited. All material is protected by U.S. and international copyright laws. Unauthorized reproduction or distribution of this material is prohibited. Sharing of this material under Attribution-NonCommercial-NoDerivatives 4.0 International terms, listed here, is permitted.


In this article