Professional Documents
Culture Documents
5 9ers
28
FOUNDER OF CREATING SPACES,
& GENERAL MANAGER & CO-
D
of her own freelance digital company still
olly Parton’s lamentation of the nine-to- says Trent Hamm from financial and budgeting website, The Simple insists she’s nowhere near the top.
five workday seems a far cry from the hours Dollar. This is exactly what 5 to 9ers are doing, giving them the power
some women are working in this day and age. to pursue their passion without the added pressure of having to make
Holding down a demanding full-time job and money quickly in order to keep themselves and their business above
often a family takes up enough time as it is, but the water.
an increasing number of women are monetising Although the idea of earning extra money is a major incentive for
their skills and building a business in their spare time – the “5 to starting a side company, the rule of thumb for most small businesses
9ers”. Refusing to settle for just one full-time job, these women are is that they won’t turn a profit for at least three years, according to
making the most of every hour and pushing themselves to the limit business adviser Dean Soto. Any profit will be used to pay off initial
in pursuit of entrepreneurial excellence. start-up costs and most of the income will be poured back into the
PepsiCo’s CEO Indra Nooyi famously landed herself in hot water company, which can be unsustainable for regular people who have
this year when she revealed she believes “women can’t have it all” to harbour the cost of living with no other financial support. The
without sacrificing their personal lives and families. This sparked advantage of building a company outside of regular working hours
outrage amongst professional businesswomen worldwide who came to is that it gives young entrepreneurs the chance to test the waters Light bulb moment: Making sacrifice worthwhile:
the defence of women partaking in an eternal juggling act of different and see just how financially viable their business really is. Doing
When I was living in New York, I’d be wearing Juliette Hogan or The biggest sacrifice I’ve made is time with friends and family, and
responsibilities – saying they are perfectly capable of achieving their so allows them to build up their cash flow so that if they wish to
Kathryn Wilson or World, and quite often I’d get stopped and not being able to do things that I would have if I had more time on
dreams while raising a family and building strong relationships. leave their nine-to-five job to pursue their business full-time, they
asked where my clothes were from. It just really made me think that my hands. But in saying that, I think I’ve achieved some great things
Ditching the day job to pursue something you love and watch the have developed a steady source of income rather than starting
New Zealanders are really creative and amazing and can stand their and worked with some amazing people, and it’s all super rewarding.
cash roll in is a dream most of us wouldn’t ever think of becoming from scratch. This financial stability enables the business to thrive
ground in an international space. I originally had the idea to open I think working hard is fine when you get the benefits of it, both
a reality. The fear of failure or going bankrupt is enough to quash organically without having to pay itself off quickly.
a shop in New York that stocked purely New Zealand fashion, and at a personal level and being able to see how you’re helping people.
even the biggest of dreams, but a rising generation of women are As enticing as the premise of creating a business under these then I realised that with my experience in digital – and just through
working around the clock to make theirs happen without sacrificing circumstances sounds, a full-time job is still a full-time job. Managing a series of fortunate events and encounters and meeting a few people Re-energising:
their flow of income. More than five million people in the UK emails, phone calls and meetings for a regular job and a start-up – an online space would work better and that the real gap in the When I am really, really busy, that’s the most important time for
alone – coined by author and businesswoman Emma Jones as “5 to business can be a tricky juggling act. “Stress and lack of sleep can market, although I love the fashion side of things, was the real, true, me to exercise. Even just taking half an hour out of your day – and
9ers” – have taken the opportunity to work around their full-time do a number on your immune system,” says CEO and founder of emerging artists and creatives. sometimes it’s the hardest when you’re really busy, because you don’t
jobs and minimise the risks that can often come with starting a popular crowdsourcing website Avelist, Jody Porowski. “Stay healthy have half an hour – but just half an hour running on the treadmill,
start-up. Instead of launching into a business full-time right off the because your start-up needs a healthy leader.” As well as this, the Perseverance is key: doing something physical or just going for a walk means you just
bat, which can take time to become financially viable with a large nature of traditional business networking means 5 to 9ers can often To achieve anything great, it takes time and it takes a lot of hard get so much more energy and clarity, you just clear your head for a
investment and high risk, these 5 to 9ers are working around the miss out on opportunities to build relationships with clients, attend work. I’ve worked many jobs and many, many hours. There’s minute and focus on that.
clock to ensure they can continue to stay on top of their regular networking events, market and build a clientele during daylight hours. been weeks at a time where I have literally slept for two hours a
expenses while chasing other passions. However, with the increase of social media marketing on sites like night and have run myself into the ground because there’s just Best advice:
Most 5 to 9ers’ initial motivation for starting their own business is Facebook providing cheap and targeted advertising, most business been so much on. It has definitely not come without hard work. You need to be optimistic and you need to be positive, because as
often similar to regular business owners: monetising a hobby or skill, communication and marketing can be organised after hours. A study Hard work is definitely the key to success. You’ve just got to soon as you get down, everything snowballs. You’ve just got to keep
and finding a way to use their talents to create something profitable. conducted by MYOB in 2013 showed that 27 percent of women who work really hard. pushing through. You’ve got to keep going and going and going.
The majority of start-up owners surveyed in this year’s Small Business own small-to-medium businesses are making use of these social media
Sector report said they saw starting a business as an investment strategy marketing channels to drive sales and publicity for their businesses, Seek financial support:
compared with just 21 percent of their male counterparts. I was really fortunate in the sense that I had an investor – and an
for the future and a way to make money from something they are
passionate about. Interestingly, 326,000 small businesses last year This rising generation of spectacularly hard workers traverses the amazing one – Christina Domecq. I definitely still worry, it’s still a “You need to be optimistic
recorded having zero staff on their books, meaning more and more globe, with New Zealand seeing an increasing number of women start-up and we still run on a shoestring budget. We’re still doing and you need to be
everything we can to make it a profitable business and we still have
people are managing their business by themselves. With the cost of
living constantly on the rise, many people are looking for ways to
who are filling up every second of their spare time in pursuit of
their dreams. M2woman sat down with six of these women, who the same start-up problems and costs and all that kind of stuff, but positive, because as soon as you
supplement their regular income. “The best way to set yourself up are excelling on their own terms in the professional sphere, to find it definitely does help when someone believes in your idea and is get down, everything snowballs.”
for more income over the long haul is to start a strong side business,” out what makes them tick. happy to help you get there from a financial perspective.
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xxxx XXXX success INSPIRATION success inspiration
Life happens: give me the confidence in each area that I’m tackling that I’m PATH TO THE TOP: and I need a life to give work balance. I love to travel. Without work as
It’s taken so much longer than I thought it would – I thought it actually doing the right thing and I should keep going with The first ten years of my business life – my design company – my financial vehicle then there’s no travel – it’s that simple.
would be a month or two to get off the ground. In reality, it’s taken that. I don’t really have a mentor as such, but I draw energy resulted in not having a life. Full-stop. I worked ridiculously
me probably close to a year, but in that time I got engaged, got off people and that kind of gives me the confidence I need to Location, location, location:
long hours and sacrificed many things because of it. I wouldn’t
married, went on my honeymoon for a month, started a new job, really keep going. recommend what I did to anyone. What’s made it worth it is that I I‘m pleased to say I actually am where I want to be now. I may be
I’m buying a house and my whole life has pretty much changed in am loving where I am now. Without those sacrifices I may or may in a different place (I thought I’d be in New York) but the place
Celebrating the small things: doesn’t matter. It’s the doing and the people I’m doing it with that
the last year, so it’s huge for me. I wish I could just focus on the not be where I am now, I don’t know. What I do know is that by
business, but I’m not. I’m focussing on my life too so it’s taken me When I have a success, I celebrate that success. When I year ten, the biggest lesson I learned was if you’re not passionate matters the most.
so much longer than I wanted to. lock something down, when I get a contract finalised, when about what you’re doing or whom you’re doing it with, change it.
I launch the website, when I pretty much do anything, I I wish I had:
Sleep evangelist: celebrate that. Every little thing I tend to celebrate, which is Let your hair down: Believed in myself. For years it was like I had to prove I was good
I am passionate about getting lots of sleep, so I’m not losing any sleep really nice in this day and age. Although I do juggle a lot, I actually do have spare time now. I enough, that no-one believed in me, which wasn’t true. In reality I was
over it. I do talk to my new husband a lot about what’s happening, and I make it happen. A couple of years ago I completely changed my trying to prove this to myself – I didn’t believe in myself. Instead of a
Biggest challenge: positive thought of, “You’re awesome, you can do this”, I found I was
probably should stop doing that because he hears about tampons all day, outlook to work, business, life and how I did things and it was the
which probably isn’t the best for a new marriage. The main thing that Every day itself is a challenge – I’m always learning something best thing I’ve ever done. Now I take the time to relax – catching up internally trying to sabotage myself. But it worked for me, I had proven
I’m sacrificing is my personal finances, because I’m doing this all myself. new. I guess I’ve realised I can’t do everything myself, which with friends, eating out at fabulous restaurants, travelling around the that negative voice wrong – it kept pushing me out of my comfort zone
I don’t have any investment, and it’s all pretty much me, basically. is probably quite common amongst people who are starting world. As soon as I come back from a trip away I’m already planning and forced me to keep going, which ironically was a positive.
up their own business. If there’s any aspect I find particularly my next trip. It’s great to have those things to look forward to. I
On confidence: challenging I will bring on someone with that expertise. Best advice:
exercise and to keep me motivated I book into running events. Trust
Confidence? I still don’t really have it, to be honest. I just take Be the absolute best at what you do and who you are but make
Just do it: me, I have absolutely no desire to run a marathon but I like using
one day at a time. I talk my ideas through with people, and they sure you have fun. Don’t take yourself too seriously. If you’re not
these events as goals to keep healthy.
If you think you’ve got something special, something you passionate about what you’re doing, when you’re doing it or whom
think people will want or need or that will really make a Be passionate: you’re doing it with, change it.
difference somewhere, then don’t just leave it. Look into it,
“I draw energy off people see if you can do it. As long as you don’t push it aside for
For me you need to be prepared to take a risk to be rewarded with
success. I’m passionate about Nudecoconut. I live and breathe
and that kind of gives me the years like I did, it will happen. You just need to chip away coconut oil on a daily basis. I’ve found it’s far easier to promote
confidence I need to really keep going.” at it every day and it will slowly come together. Or if you’ve something you’re passionate about. No confidence needed there. “If you’re not passionate
got a lot of time on your hands it should come together a
lot faster. Work hard, play hard:
about what you’re doing or whom
I find that such an interesting term, “work/life balance”. Basically I you’re doing it with, change it.”
believe we need work to get life balance, I need work to give life balance,
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success inspiration
Charity Queen
Althea Carbon
25
solicitor, & founder of CharityIT
& Business is the New Black
As a long-time volunteer at non-governmental
organisations, Althea Carbon was well aware of
the budget constraints of charities. With this in
mind, the lawyer-by-day launched CharityIT
to help not-for-profits with limited resources
access the talents of volunteer IT professionals,
working with some of Wellington’s most well-
known charities. Althea also runs Business is the
new Black, a blog encouraging young women to
consider entrepreneurship as a career.
48 M 2 W o m a n .co.nz