You’re feeling uncertain about your job, but need the income and the benefits.
On the other hand, you’re stuck with a feeling deep down that your dreams of a happier, more fulfilling life are pushed more and more into the background.
There is no doubt in your mind you want to start something on your own that changes your life and lives of others.
It’s takes some determination to break free from grip of living this world of constant vulnerability, but you can do it.
It’s no secret either that you’d love to tell your boss “I’m Quitting” because in 2 weeks I’m opening this fabulous new business.
You don’t have to wait until the “perfect time” magically presents itself. You can do it now.
How, you ask?
You don’t have to quit and walk away from income security. You can start a side business and decide when or if you want to leave your day job at a time of your own choosing.
It’s about moving forward from that state of vulnerability into an energy of fearlessness.
Make a Decision
At some point, you simply have to decide that your time is NOW and that your dreams are worth it!
If you need a little security in numbers, just know that two-thirds of employees around the world are ambivalent at best about their jobs, feeling like they lack a real purpose at work.
So, if this is you, you are right to feel that you have more to contribute, and that looking for more fulfilling in your work life is beyond okay.
You can change your life and have an impact on the lives of others.
You just need to focus your energy and any spare time to discover exactly what that “something” is.
If you are looking for a side business in a growth industry, you definitely want to check out these trends.
According to an Entrepreneur.com article, Children’s Party Planning is one of the top 5 businesses to enter with an investment under $10,000. This is a business you can commit to part-time. There are several ways to approach it, either by bringing it to your customers’ location or, opening a modest storefront and having them come to you.
If you have a passion for creating memorable events for children, you’ll enjoy every minute.
It Can be Done for Even Less
In fact, depending on the approach you choose, the business can be launched for under $5,000.
The International Association of Amusement Parks and Attractions reports that the average revenue for hosting a children’s birthday party is $370.
Since this is a low cost of entry, low overhead business, it can be very profitable and a whole lot of fun, on a part-time basis, or, even more so as a full -time enterprise.
How do I know this to be true?
It’s simple, because I have been in the Princess Party business for 21 years and my average revenue per party is higher than $370.
I’ve earned full-time income working part-time on weekends for all this time.
In the past 15 years, children’s birthday parties have experienced a transformation from a backyard get-together with clowns and games into a diverse $10 billion industry in the United States alone according to celebration industry analysts. This growth has been sustained during a period of major swings in the economy.
A Growth Industry that’s Fun
Believe it or not, the best evidence is reflected in the emergence of a new niche in the event planning industry: party planning “consultants” for children’s birthday parties.
Many of these companies see big opportunity to expand the kiddie sector as parents find relief in outsourcing the stress of planning the event and taking care of all the logistics and also hosting the parties, which as you know, often includes corralling a few little ones running around on a sugar high.
Parents Need to Outsource
Hiring a party planner for a 5-year-old’s birthday party might seem a little over the top to some, but as a party business owner myself, what caught my attention was a recent article detailing trends in the industry.
What popped out right away was the reference to a report on child-focused businesses indicating that children today influence approximately $500 billion annually of their parents’ spending.
That’s billion, with a B.
Parents are coping with an awful lot these days and feel that it is well worth their hard earned money for the peace of mind that comes with hassle-free parties.
If done right, everyone is happy.
It is a stunning shift from prior generations and quite revealing, perhaps, about the way society operates today and choices parents must make in prioritizing their time between work and family life.
Parents Benefit Too
Two underlying reasons for this trend are that birthdays are always considered special, and spending on children can give parents a sense of accomplishment in providing unique experiences for their child. So, in that sense, it is as much about the parents as it is about the kids. What a powerful dynamic in a business model based on feelings and emotion.
Some quotes from industry related observers leave little doubt about the strength of the industry based on the underlying psychology supporting it:
“People do find money to spend on their children because they want to make [birthdays] special for their child.”
“The bottom line is that modern parents end up spending lavishly on their children.”
The Franchise Handbook
“It’s great to see that even with a weak economy, parents are still focused on celebrating life’s biggest moments.”
When you take a minute to look at the dynamics that are driving trends in the industry, mainly a parent’s desire to see their children happy, the necessity to outsource the event, and willingness on the part of parents and grandparents to increasingly spend on a once a year celebration, it is easy to see why the business is thriving with plenty of opportunity for entrepreneurs.
It’s Only Going to Get Better
According to the last U.S. Census, there were approximately 50 million children age 10 or younger. When the next census results are in, this number is expected to grow by about 6 million. This is a big market and indications are for continued growth and opportunity in the industry.
The Princess Tea Party business is about making a little child’s dream come true and has demonstrated strength and the ability to prosper in economic down times as well as the good times. While it is a slice of a much larger growing industry, it is made up of small businesses run by enterprising people, primarily women like you and me.
It’s reasonable cost of entry, flexibility and resilience are extremely attractive features, making it well worth looking into.
If you followed me this far, those two words are closer to reality than you think.
So, look inside and realize that you create perfect timing by doing one thing: taking action!
Let’s get to work