One of the great things about an inflatable business is that it can require as much of a time commitment as you are willing to put into it. Many entrepreneurs, when initially starting out in the inflatable business, choose to begin part-time. Inflatable businesses provide the luxury of allowing you to do this easily, where events and the majority of your work will take place during weekends or holidays. Beginning on a part-time basis, while maintaining your day job, allows you to minimize the risk while also giving you the time to establish your business and develop a clientele.
However, keep in mind that the cash generated from your business will directly coincide with the amount of time you dedicate to it.
While some inflatable entrepreneurs are content to forever keep their business on a part-time basis, others may want to eventually transition over to full-time. At some point as your business and clientele grow you may decide that it is time to refocus all of your efforts into your inflatable business, transitioning over to a full-time job. If you are at the point where events are overlapping and find yourself requiring additional staff or more inflatable equipment this is a good indication that your business is ready to move toward a full-time focus for you. Another clear indication that your business requires more of a full-time focus from you is when you find yourself at a point when you are turning business away because you simply do not have the resources to accommodate it.
Of course, there is more risk when transitioning to full-time, as now the inflatable business will be your sole income. The inflatable industry, while lucrative and often prosperous, can also be a bit cyclical. You will need to plan ahead financially for the slow times and have enough cash reserve to tide you over.
There are many benefits to operating an inflatable business on a full-time basis. By focusing your time solely on your business you will see it grow faster and you will be more open to expansion. From hiring additional staff to accommodate simultaneous events, to purchasing additional equipment to meet your business’ growing needs, you will be less concerned with continuing to expand and stretching yourself too thin when your full attention is on the business.
Focusing on your business full-time will also allow you significantly more time to market your services. From developing and updating a web site and submitting to online search engines, to advertising and flyers, the marketing and administrative tasks that are required to grow a business can be more of a focus for you, thereby reaching more prospects, and ultimately generating more business.
Whether you ultimately decide to take your inflatable business to a full-time focus, or maintain it as a part-time venture is a decision that can only be made by you. The amount of effort and time you put in will ultimately determine the success of your company.