As I have multiple blogs each designed for different purposes, I am running a side business, but not yet my main income (last month’s income was only $200). It’s not the best income generator and in fact its a bit irritating as you watch your income change day to day. But, there are several things to think about before taking your running business to a closed business.

How to stay in there…
When running your own business, don’t look at the fact that you aren’t making the huge profits you thought, rather look at the big picture. Compare your profits from the first month to the second month. How much did you increase? So what if you only made $20 in month one, and $30 in month two. That is a 66% percent increase. If you can continue to increase by 66% over the next few months, you will be making $627. Think long term and not short term.

Focus on your strengths
Everyone has what is considered a “core competency”. In business class I learned that your core competancy is strength, something you do better than other everyone else. Focus on that in your business. Figure out what you do better than everyone else. Say you own a pizza shop and your cheese tastes better than anywhere else. Focus on that then. Let everyone know that your pizza shop has the best cheese and focus more on cheese than say crust. You can also apply this principle to blogging.

Still thinking about quiting?
Just remember going back to that day job might also not be the best option, they control your future. At least when running a business, you control your future. You aren’t going to lay yourself off are you? If you run out of money and file bankruptcy you can always try running your business a second time and learn from your mistakes.

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