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3 Steps You Need to Take to Start a Side Hustle

Find a Support System

Having people that you can vent to or ask for guidance is key to making any venture a success. Even if you choose to fly solo, surround yourself with people you can talk to, bounce ideas off of, and get genuine feedback from.

Scour your network for people in the same industry, reach out to mentors, and even ask close friends or co-workers for their honest opinions. 

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IDEA EXTRACTED FROM:

3 Steps You Need to Take to Start a Side Hustle

3 Steps You Need to Take to Start a Side Hustle

https://www.themuse.com/advice/steps-to-start-side-hustle

themuse.com

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Key Ideas

Cover The Basics Before Launching

Think about things like: securing social media handles, having a distilled brand message and design, a newsletter subscription, trademarking your name/logo, getting an EIN so you can write and receive checks, and establishing an LLC or sole proprietorship.

Before the final launch cycle, tie up any loose ends, and get ready for launch so post-launch everything can run on its own, and is very organized.

Make a Schedule

The struggle to establish a side hustle includes converting previously nonwork time to dedicate to it. 

To lessen the impact, create a schedule considering your situation and tendencies, like your most productive time of the day and what activity would create less damage if sacrificed.

Find a Support System

Having people that you can vent to or ask for guidance is key to making any venture a success. Even if you choose to fly solo, surround yourself with people you can talk to, bounce ideas off of, and get genuine feedback from.

Scour your network for people in the same industry, reach out to mentors, and even ask close friends or co-workers for their honest opinions. 

SIMILAR ARTICLES & IDEAS:

See Your Side Hustle as "Me Time"

When choosing your side hustle, pick something you want to do, be or achieve, and actively work toward it. Not only will you enjoy the sense of accomplishment that comes with progress...

Always Default To Action

Spend some time planning. Then spend a lot more time doing. If you're unsure, do something -- and then react appropriately.

It's easy to think and plan and evaluate yourself out of ever starting a side hustle. See starting a side business as the grand experiment it is. Never forget that the fun is in the doing -- not the thinking.

Only do What Generates Revenue

You may need to spend some time on admin and infrastructure. But you don't need fancy spreadsheets, comprehensive reports, a catchy brand or a mission statement.

Successful side-hustlers focus on selling and working. Anything else is time taken away from generating revenue.

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Choosing The Best Idea

Keep your day job, and start a side hustle while you’re there. To do it, you need to create an asset that earns money for you. 

Spend your first week being observant, focusing ...

Develop And Launch

You’ve settled on your idea and transformed it into an offer. To convince your ideal customers to consume it, know your promises, pitch and prices, and have a short explanation of why your offer matters.

Aim to understand each action, deliverable, resource, and tool you need to launch and then follow through with it. Creating a schedule and sticking to it will help here.

Regroup And Refine

Decide whether to keep investing time in this project or head back to week two and try a different one instead. Knowing when to quit and when to keep going is key to making any side hustle successful.

Even if you decide to abandon the project and choose something else, the experience you’ve gained will help you be more successful with the next one.

Mentally Prepare

Think if you are willing to sacrifice your free time to struggle to establish a side hustle and if you can handle the consequences of it. 

If you are willing, develop a system of ...

Your Skills And Areas Of Interest

Acquire relevant skills, experience or industry knowledge necessary and ensure you have the passion and competence for what you are going to work on.

A good start is to monetize the skills you already have that are related to the side hustle you want to establish this. And if you lack key skills that relate to your interests or the side hustle you want to create, there's no better time than the present to learn them. 

Validate Your Side Hustle

Your side hustle idea may seem awesome and disruptive to you, but your potential customers will likely ignore it like most “brilliant ideas” or even not have a need for it. So, ensure you're not creating a solution to a problem that doesn't exist, as this is one of the top causes of startup failures.

You can do that with objective feedback from potential customers and asking them to join a waiting list, pre-purchase your solution or hire you as a service provider. 

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Tips On Running a Side Hustle
  • Before you plunge headfirst into a passion project, do your research.
  • Spend time online to see what others are doing
  • Keep initial costs low by using a free website builder and...
Reasons To Start a Side Hustle
  • Earn extra spending money.
  • Liberate oneself from the 9-to-5.
  • Obtain financial security.
  • Get a deeper sense of satisfaction.
The Passion Project

Various studies show that creative hobbies increase our happiness and well-being, and they can even make our work more productive.

Spending more time on something we are passionate about, un...

The Morning Routine

Creating a morning routine is a game-changer for your passion project.

With a clear, distraction-free mind, you can work on your passion for 30 to 60 minutes in the morning, maybe just one step of work, providing you with a great start of the day.

Time Allotment Myth

While we normally would allot a day or a weekend for our passion project, we end up not moving forward in spite of the time set aside.

If we can spare a few minutes to work on our passion project, in increments, we start to build something, with consistency.

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Affective forecasting

It refers to how we predict our future emotions and how certain life events will affect them.

We’re generally pretty bad at it—and that impacts our productivity, our goal setting, and ...

We're bad at predicting our feelings

The main barriers to accurate affective forecasting:

  • Impact Bias: Your tendency to overestimate the intensity and duration of future emotions. 
  • Projection Bias: However you feel in the present, you tend to project that onto the future. 
  • Focalism: When picturing an event in the future, you tend to focus only on that event, to the exclusion of everything else that may happen.

“Our ability to look into the future and think about what will make us most happy is the way that we get to a present that pleases us.”

“Our ability to look into the future and think about what will make us most happy is the way that we get to a present that pleases us.”

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Spark the fire

Attitude is everything, and being passionate about what you’re doing goes a long way during difficult hustle days.

If you’re not doing what you love right now, seek out the small thing...

Set intentions

To create and maintain daily motivation to get shit done - write your goals down.

Whether it’s project-based goals, annual achievements, or a lifelong vision - knowing what you are hustling for will fuel your drive and ensure your time is well spent.

Break it down

Take each of your goals and break them out into a series of smaller goals that you can accomplish each month and week throughout the year. 

This way you know what you have to do, so you can schedule the appropriate chunks of time to do it.

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Hobbies for relaxation

Americans have roughly 5 hours of leisure per day. However, watching TV takes up more than half of those hours. Then, when we do make use of those leisure hours, our hustle culture makes...

The“fantasy self”

One mistake people make when starting a hobby is picking something aspirational rather than something they enjoy. When you pick a hobby, stay true to what you enjoy. If you like cooking, try to take your current skills up a notch. If you like writing, try a fiction workshop.

If you want to try something totally new, start small. To hold yourself accountable, enlist friends in the effort.

Hobbies and side hustles

A hobby is not a side hustle. It is important to develop hobbies outside of our economy with no financial motives attached.

Since a leisure pursuit is an outlet for stress, the pure pleasure of engaging in a hobby should be enough. A hobby not only helps to refuel us for a busy work life but also helps us to practice deep focus.

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Work-from-home

Work-from-homers should actively remind themselves to be compassionate and generous with those who cannot work from home.

Many of our neighbors have to perform non-remote jobs that allow ...

Establish boundaries
  • Everyone in the house should feel that they have been consulted.
  • Your plan should establish people's schedules and preferred working locations.
  • Figure out a way to share common areas. Establish what is fine and what is distracting.
  • Try and have a break for lunch around the same time, so people can check in with each other and be a bit louder.
  • Once a schedule has been established, stick to it. Everyone can't change their plan because you decided to take a 90-minute break in the middle of the day.
Cam Show Colleagues

For the time being, put a sticker, some tape, or anything else over your computer's camera. Don't assume that because you can't see someone, they can't see you.

During your work meeting, you don't want your roommate to feature in passing in a less dignified manner.

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A raise
... is a recognition that you’re now contributing at a higher level than when your salary was last set. 

A raise isn’t a favor or a gift; it’s a way for employers to pay fair market valu...

It’s normal to ask

It’s not greedy or entitled to ask for a raise.  Unless you work somewhere truly dysfunctional, it’s understood that you work for money. This is okay.

  • you’re not asking for an amount that’s wildly out of sync with the market for your work, and 
  • you have a track record of strong work.
Be emotionally intelligent about your timing

You shouldn’t ask to talk about your salary when your manager is especially harried or having a bad day or nervous about impending budget cuts. 

On the other hand, if you’ve just saved the day with an important client or garnered rave reviews for a high-profile project, or if your boss has seemed particularly pleased with you lately, now might be a particularly good time to make the request.

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