Bfinjobs Logo

Register

The art of balancing – Study, Job and Business at the same time

the-art-of-balancing-study-job-and-business-at-the-same-time

Probably one of the most frequent questions graduate/post graduate students ask these days is: ‘Will I be able to handle my study, job and even the part time business at the same time?’ The answer is Yes.

If you have solid job, you likely want to keep it, and may even be working towards a promotion. Having a degree may even help you pursue the career goals you’re already working towards. Are there negatives to starting a business while in college? Sure, you might spend some money launching your business and you’ll definitely lose sleep. But these investments will pay off in other ways both tangible and intangible, making it a rewarding experience you’ll always be grateful for. Fortunately, you may be able to incorporate the experience you’re gathering at work and business into academic assignments as well.

Are there negatives to starting a business while in college? Sure, you might spend some money launching your business and you’ll definitely lose sleep. But these investments will pay off in other ways both tangible and intangible, making it a rewarding experience you’ll always be grateful for.

In my case also, I am a full time employee in a leading Investment Company, pursuing my Masters in Business Administration and also associated with few startups as Investor/Co-founder.

Although clearly, studying, keeping one’s job as well as getting involved in the business requires more sacrifices compared to a regular full-time student, you shouldn’t worry! Thousands of students have proved this is not only feasible but, in fact, quite manageable. The degree to which you will succeed depends entirely on you.

Fortunately, there are steps you can take to find the perfect balance of working and studying. Here are few tips based on my experience and after reading few articles available on internet.

1. Priority and time management

Anyone has gone through a situation where they had to figure out how to perfectly organize their tasks in a time frame.

You should starting from the effort to come home from work as quick as possible (so you would have time to study and look after the daily status of your business), to limiting your leisure time activities and adjusting to a new daily and weekend routine. This will be the first important step.

Instead of full time degree program, you can enroll for morning, evening or weekend classes so that you need not sacrifice your full time on your studies.

Similarly, instead of full time degree program, you can enroll for morning, evening or weekend classes so that you need not sacrifice your full time on your studies. One important thing you should remember when planning your time is to try to keep the deadlines for submission of all kinds of assignments (presentation, final papers, research papers, discussion papers etc.). Otherwise, the workload may become somewhat unbearable once the number of unfinished assignments starts to grow.

2. Good planning (Keep a detailed schedule)

Time management includes a thorough planning of your monthly, weekly and daily activities. Once you have become familiar with the plan, we it won’t be difficult to follow the routine. Get in the habit of keeping a weekly plan for yourself and ensure that you set aside time for your studies every day (or few hours in a week). This can be written in a tangible calendar, or electronically with one of various electronic scheduling programs. Vary the study times to fit in with other commitments, including your job, business meetings as well as exercise and social engagements.

3. Look for the job opportunities relevant to your study

Working the department/organization which is relevant to your study will not only help you to follow your passion, it performs your routine job as well as excel in your studies.

Alternatively, ask your favorite professors about good entry level jobs with relevance to your interests. They may even know of a few gigs that other students with your interest have held previously, and may be able to point you in the direction of a potential employer!

4. Assess the number of hours you can work per week. 

If you’re spending time, money, and energy on an education, it should probably take priority to your job. The important point is that you should make an honest assessment of the time you have available to spend working. Fortunately, you’ve got plenty of options regarding types of jobs to consider.

If a weekly part-time seems to be a bit too much, you could always work during breaks in your academic schedule. Even online jobs are also available in Nepal these days.

5. Remind yourself of the benefits of work experience. 

If you’re on the fence about working while studying, or if you’re hoping to work more for the sake of experience than financial compensation, there are a few important factors to consider. The “real-world” insights offered by a job are often seen as equally – if not more – valuable than a degree. While many professions will want to see both, getting your foot in the door somewhere may also lead to an easier job search following graduation.

The “real-world” insights offered by a job are often seen as equally – if not more – valuable than a degree.

Even if your work and studies are completely unrelated, work is still providing you with experience prioritizing responsibilities, communicating, etc.

6. Keep your boss informed 

Avoid inundating your employer with the specifics of your schedule outside of work. However, it is worth telling them ahead of time when you know you’ll be tied up with academic responsibilities and your startup. Especially if you’re only studying part-time and working more consistently, you should remind your boss when finals are coming up. Let them know as early as possible to make it easy for them to accommodate a bit more time off for you.

7. Establish cooperative relationships with your classmates.

 The proliferation of easy-to-use communication and information sharing technologies has made collaborative learning not only more feasible, but more beneficial. That said, it’s even better to sit down with other students and work through challenging material together. You can ask your classmate to share the notes, slides and important topics even if you missed the classes.

8. Find perfect co-partner for your business (But remember, do not invest huge amount initially)

When you enroll for studies and you are committed for full time job, it is almost impossible to start and operate your venture successfully alone. Therefore, find a reliable working partner who can give his full time on the business. You can invest some capital, involve in strategic decision making processes, attend weekly or monthly meeting to get the status of the business and use your network from your full time job and college in your business.

What have you got to lose? You don’t invest huge amount initially, you have few commitments relative to later in life, and the worst case scenario is that you go back to doing what you’re doing now. If your business goes well, you can leave your full time job and give your time for your business or even you can start you own after getting enough experiences.

The startup world is a great bridge between materials taught and applied concepts. “There is no better way to accelerate your growth than to build a company,”

Even if you start a business in college and it fails, it’s a huge plus on your resume. Starting business shows that you’re proactive, creative, and driven–just the type of employee successful companies are looking for. Startup experience while in college can put you on the fast track to leadership opportunities at another company if you decide you’re not ready to be a full-time entrepreneur and want to get some work experience under your belt first.

9. Limit your time for social media uses

Avoid using social media like facebook, instagram, twitter, etc. too much. You can check the updates once in a day or you can check you social media accounts about one hour in a day. Use your social media accounts to get updated about latest happenings, to wish your dear ones on their special occasion and post your important life events, photos or stories.  

10. Take time to decompress. 

In other words, schedule time for casual play as well. Even if it feels like you don’t have the time to spare, it’s important to take a break to let your mind recuperate. You can’t always work and study! Ideally, plan social activities with friends – the more physically active, the better.

11. Plan a trip atleast once in a year

Whether with family, friends, your significant other, or all by yourself, travelling can make for a genuinely rewarding experience. The best part is that it’s very doable, and actually good for you, to boot.

It’s high time to get moving and commit to your travel goals. Make it a personal aim to travel to a new place at least once a year.

12. Discipline your sleep habit

If you struggled to be productive this year, don’t expect anything to change until your sleep patterns change. Your bedtime is essential to your productivity.

Certainly there will be some exceptions – parties, late work nights and the like. But make your bedtime a priority and you’ll have much more energy for every day.

Though time is limited but it is manageable, so you will surely find a solution that will help you deal and manage with all personal and professional responsibilities.

Published On : Jul 10, 2020

Recent Posts

Job Categories