CHICKEN ENTREPRENEUR An Owner of Slow but Steady Business

Chicken entrepreneur, you might get confused by what is written. As the name suggest, it has NOTHING to do with chicken. Yes, probably the origin of term ‘chicken entrepreneur’ might have started at a time when plenty of would-be investors were offered for fried chicken franchises as remunerative side businesses. Investors in these fast foods might not have required quitting their regular jobs. A fried chicken entrepreneur might have had devoted few hours a week for supervising and promoting their businesses.

Here, what we talk about chicken entrepreneur has nothing to do with selling chickens! In reality, a chicken entrepreneur is one who pursues another business while maintaining a full time job in her or his chosen field. This can be termed as side business. Usually, the side business is related to the talent and type of the job one is doing. For instance, a tax accountant in a large corporation will be choosing to have private tax preparation business or legal tax advisor. This will run on either weekends or in the nights when duty hours are over. Another example for this is any chef of five star restaurants may go for his own bistro on the side keeping some people as employees.

One of the positive aspects of being a chicken entrepreneur is getting safe funds. With your original job, you are secure of getting funds regularly and on the other hand you develop your small scale business with your visionary. You can also implement the marketing strategies of your company into your own business. One side you learn from the job and on another side, you put it into your business to make it successful. You can also follow same strategies which your company has been following and has become one of the giant in business. It may not be possible in terms of money your company puts, but you can have same idea with less funds to put into your own business.

Chicken entrepreneur is termed as entrepreneur because a person doing the side business has an idea to develop his or her business in a unique way. Chicken entrepreneurs are more responsible than entrepreneurs as they will have to think about both; their jobs during weekdays or duty hours and their own businesses during weekends or off the duty hours. The responsibility of the chicken entrepreneur doubles, and so their income does. Once the side business starts getting developed, then and only then would chicken entrepreneur will consider quitting her or his primary source of income i.e. job.

There are lot many advantages to remain chicken entrepreneur rather than being a small business owner. According to Small Business Association, half of the small business or small scale businesses fail within a year by doing nothing other than the losing funds. When these businesses are started, there is no other source of income and the funds are invested fully to run them. Top of that, there will be loan to pay on monthly basis. These businesses, often fail to compete the market because of tough competition and market trend without funds. More alarming statistics is an estimation of 90-95% failure rates for small businesses within five years of their establishment.