Here’s the bullet points from an interesting article…
The point is that there are resources in or around your present job that could create a satisfying business. Like the old book “Acres of Diamonds”, your home based business could be right under your nose and emerge from your present employment in some way.
From CNN Money
1. Use your salary to cover as many start up costs as possible. In other words, work on your dream at nights and on the weekends while holding down your day job.
2. Turn common complaints into a business plan
3. Test your service on your boss
4. Take advantage of your company’s reputation - don’t let potential customers forget about your high powered past employers.
5. Make your employer a business partner.
Here’s the story I liked best, but this short article is full of great “nuggets”:
David Bookspan invented a new service that his old firm just couldn’t live without.
While working as a partner in a Philadelphia law firm during the 1990s, David Bookspan figured out how to use the local courthouse’s lawsuit filings to drum up new business. Bookspan realized that if he could automate his system, he’d be able to create a lead-generation service that other lawyers would gladly pay to access.
The chairman at his firm felt the effort would distract from its core legal practice, but he let Bookspan develop it on his own. “Just be completely up front,” Bookspan advises anyone with similar intentions. “View your employer as your friend.”
He incorporated as MarketSpan in 1996 and stayed at the law firm for another year, working nights out of his home with a partner who was a software developer to create a marketable product. Four years later, with 88 of the nation’s top 100 law firms (including his old employer) signed up as customers, his company was acquired by CourtLink (itself later bought by LexisNexis) for a reported $35 million.
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