Starting a microbusiness is an incredible first step in the business world. If you are completely new to business, starting a part-time microbusiness is smart. You won’t have to quit your current job if you don’t want to. You can also take jobs whenever you want. For example, you may have the equipment to DJ weddings. You might only DJ three weddings a year while keeping your current job. It will earn you an extra $3,000 to $4,000, and you won’t have to go ‘all or nothing’ with your DJ services unless you really have that desire. This is one of the biggest misconceptions I’ve encountered when talking with others about starting a business. They believe they have to build a big business and make it their full-time job immediately. In many cases, this couldn’t be further from the truth. However, that doesn’t mean you can’t make your business a full-time job. I grew my first microbusiness and made it my full-time job because I worked hard and was lucky enough to have a lot of clients. Yet if you already have a secure income, you can do whatever you want with your microbusiness.

Starting a microbusiness will also help you when you own a bigger business. Going straight into owning a medium-sized or big business without experience on a smaller scale may be detrimental to your success. It’s like going to college before you have even started high school. There are many intelligent people who could handle college before they start high school, but they are the exceptions. If you are definitely the exception, then by all means, do not waste your time with a microbusiness – you will probably be fine starting a bigger business. Let’s get real: Most of us need to learn the basics of business by experience in order to increase our chances of success when our business endeavors become bigger and more complex. Starting a microbusiness will give you this vital experience.