Side Hustle 6/27/19: Be A Badass Soloprenuer
How To Hustle This Week: How to overcome solopreneur challenges.
Charting your own path and being your own boss is a goal that speaks to so many of us, but it does have its ups and downs. Here are some of the issues you may encounter on your journey. Making your own schedule is perfect because you can be flexible but if something arises and you’re the only one to take care of it you have two options — work through it or risk disappointing your client. Although you can set your own rate as an entrepreneur, working solo means that your pay can be unstable and ebb and flow until it’s really taken off. This is a good opportunity to continue to save as much as possible and set a contingency plan in case things don’t go according to your plan. Read through for more ways on how to be a badass solopreneur. [Swirled]
You have to see failure as the beginning and the middle, but never entertain it as an end.” -Jessica Herrin
A Dose Of Inspo
Sometimes all it takes to make your side hustle successful is a few mindful steps — and a lot of passion. That’s how Clint Proctor turned his side hustle into a full-time job in seven months. When he started writing about personal finance as a side hustle he followed a few steps. First, he built up his emergency fund saving about four months of expenses. Second, he didn’t spend any of his side hustle income allowing him to increase his savings to cover over a year’s worth of living expenses. This is key because although his hours were long, he knew he’d be able to take care of his family once he decided to shift careers. One of the most important takeaways from Proctor’s story is this — don’t leave your full-time job until your side hustle is truly profitable. Launching out too early can cause problems in the long run. [Business Insider]
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Did you know?
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