When considering starting a new business, the thought of quitting your job and risking it all comes to mind. However, aspiring entrepreneurs should stick with primary jobs, rather than take a complete leap of faith by quitting their jobs. This is to ensure that they can take the necessary time to grow their brands whilst earning multiple streams of income. You have to learn how to slay at your career and side hustle while maintaining a work-life balance.
What is a side hustle?
Side hustle sounds like a term that supports your expenses. But it is much more vital than it looks. A side hustle is a way to earn some extra cash. A side hustle is often a work that people are passionate about. Turning your hobbies and interests into a side business can offer you some supplemental income.
Side hustle benefits:
There is a long list of side hustle benefits. That is why most of the youngsters are considering it. As per a report generated by UNC, 35% of millennials are involved in a side hustle.
- You can fulfil your long lost dreams with that extra income
- You can turn your passion into a strong income source
- The recession won’t bother you
- You can start saving and investing for a better future
- It plays the role of a test drive before becoming a full-time business person
- Allows flexibility in work
- Requires small capital funding
Yes, we love working at our 9-5’s! But, extra cash from something we really love is also necessary. The good thing about having a side hustle is that you can make extra money and use talents that are dormant in your 9-5 day job. Starting a business whilst employed gives you the opportunity to make a meaningful impact in the world, doing work that you love on your own terms. It is not easy as you’ll have to share and balance your time between your day job and business. But, it is possible.
Here are some tips for starting a side hustle:
Pinpoint your passion – choose something you are really good at, which people need and you can be paid for it. E.g. Event planning, logo illustrator etc.
Use your network – don’t be afraid to let your contacts know that you are open for business. Post it on social media, send emails, make phone calls get the word out!
Schedule and stick to the routine – make a routine or time for your business, like an appointment. Have a set time during the day to work on your side hustle. It is important.
Collaborate/Network – the bigger your community, the more potential opportunities you have. Also, always make time to meet new people.
Hire an assistant – remember, you have a day job, and most of the time you won’t be able to have meetings with clients or customers. Hire someone who can help with the work while you’re at your job.
Along with side hustle benefits, there come a few cons too. The most common problem faced by side hustlers is the inability to maintain a work-life balance. Many tend to skip sleep or meals to manage their works. Work-life balance means living your life to the fullest and spending time with your loved ones along with handling workloads.
Now, let us see some side hustle tips that will help you maintain work-life balance:
1. Get organized
Discipline is mandatory in everything you do. Most of the hustlers fail to balance work-life due to poor organization. List your priorities and set tiny goals for each day. Make a to-do list every morning and try to finish it by the end of the day. It will help you manage your work hours.
A side hustle does not mean doing everything all by yourself. (you can do that if you wish to gain experience). I recommend outsourcing some part of the work to other buddy hustlers. In this way, you can bring down the work burdens and take out some time to chill.
3. Take work offs
Money can put you into a trance. Hence, make sure you take a day off every week and spend quality time with your loved ones. It will also keep you healthy physically as well as mentally.
4. Learn to say No
As the hustle grows, the workload increases. If you feel that you are extending your capabilities too much, you can always say No to your work. This is one of the best side hustle benefits that you get to decide when to work and for what duration.
I believe every person has a dream and passion for certain things. Do not let your economical problems ruin your dreams and hobbies. Starting a side hustle is not easy and you’ll probably won’t get it right the first time. Just be patient, make sure you have planned and are organised and it will happen!