How to Build a Low-Risk Business

How hybrid entrepreneurship has changed the small business game

Best of both worlds
Entrepreneurship does not have to be high-risk.  Hybrid entrepreneurship allows you to take a thoughtful, strategic approach to business success without risking your livelihood. I started a business part-time in 2007, transitioned from corporate America in 2008 and have been growing my business ever since.  And there are many examples of other successful hybrid entrepreneurs.  Lisa Price, founder of Carol’s Daughter, was a hybrid entrepreneur for six years before transitioning into full-time entrepreneurship.

Whether a part-time or full-time entrepreneur, you have to be focused and you must be
committed; but you don’t have to bet the farm.

Felicia Joy is the author of Hybrid Entrepreneurship: How the Middle Class Can Beat the Slow Economy, Earn Extra Income and Reclaim the American Dream. Learn more about Felicia’s upcoming 6-week teleseminar on how to become a hybrid entrepreneur starting July 25th.

Check back each week for her columns on entrepreneurship and follow her at www.twitter.com/feliciajoy.

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  • Aishia S

    I needed this article, it has clarified the reason why I must go back to work to grow my business. I lost my job 2 years ago and since then I’ve been working on a website that I plan to launch very soon. I have come to the realization that I need money, I need to live and because it’s a website I should be able to get things done and hold down a full-time gig. I look forward to more articles regarding the hybrid entrepreneur.

  • Jonathan

    Great insight. This article is content-deep on so many levels. Again, many thanks on your tips and this wealth f knowledge Felicia.

    -Jonathan