Personally, I found that devoting 100% of my time to one business is better than splitting between two. I always would come home from my regular job completely drained and unable to focus on building a quality business.
You really have to commit to it from the start. Success is not going to happen overnight. Is there a set time when you'll start generating income? Not really, for some they might do it their first month...others it could take years. A lot of it will depend on the size, complexity, industry, of the business, and most importantly the effort YOU are putting into it. Not to sound harsh, but if you find motivating yourself and willpower to be an issue, I would think twice before making the leap.
My best advice is to surround yourself with people who will support you no matter what happens. Secondly, read, read, read (finance, business, accounting, entrepreneurialism) The book which jump started it for me was Rich Dad Poor Dad...why do you think it was on the best seller list for several years?
Anyway, hope I was of some help. Best of luck with your endeavor!
|