Always Default To Action - Deepstash
The Startup Masterclass

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The Startup Masterclass

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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.

1.82K

7.75K reads

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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 progressing toward a goal but you'll also feel better about yourself and your life.

See your si...

1.95K

10.4K reads

Only Spend Money On Actual Efficiency

Avoid spending money before you actually have demand for what you are acquiring.

Allow yourself to be inefficient until you have enough work to make greater efficiency truly matter. 

1.61K

6.42K reads

Dream Big, But Focus Small

Rather than finding a way to make a million dollars, find a way to serve a million customers. Start small and prospect where you have a reasonable chance of success.

Along the way you'll learn and build a customer base. Later, you can leverage that customer base -- and everyth...

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6.35K reads

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.

1.73K

7.91K reads

Follow a Strict Side-Hustle Schedule

Decide how many hours you think you can spend a day on your side hustle. Then add 25 to 50 percent to that number, write it down and commit to that schedule.

See the schedule you create for your startup the same way you see your schedule for your current job -- a...

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5.79K reads

Consistently Crush Your Full-Time Job.

Don’t be tempted to think about, dwell on, or even work on your side hustle when you're at your full-time job, because this is wrong and may cost you your job. When you start a side hustle aim to be great at your full-time job and your side hustle.

So even before you start your side ...

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5.2K reads

Don't Spend Money The Customer Won't See

If you want to spend on something that doesn’t affect the customer, give up on it.

Spend what money you have where it makes a real difference to your customers -- because without customers, you don't have a side hustle.

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5.83K reads

Don't Use a Side Hustle as An Excuse

If you just want something -- and there's nothing wrong with that -- don't use starting a side hustle as an excuse to buy it.

Plenty of failed side-hustlers admit they started their business as a way to rationalize the purchase of something they had always wanted to own.

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5.52K reads

Never Take On Side-Hustle Debt

To avoid having to work for years before turning a profit, start a side hustle you can fund through savings or that you don't need to fund. Provide a service that only requires the tools you already have.

Prove to yourself that there is a market -- and that you can serve that market ...

1.58K

4.26K reads

CURATED FROM

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ang_

"There's no money in poetry, but then there's no poetry in money, either." ~ Robert Graves

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Track Your Time

Measure the total amount of time you invest each year to earn money. It includes the time you spend to commute to and from work, and time spent working on a side hustle or dropping your kids at daycare.

If you're unsure how much time you spend working, use 2,500 hours per year as a starting...

Delegate Work Outside

Starting a side hustle you're going to have weaknesses and some of the skills necessary to efficiently running your side hustle must be outsourced so you can free up your time to do only what you're best at within your business. 

It's also more affordable in the long run as the va...

Increase and diversify your income streams

Go out and try to make more money. Start by optimizing your full-time job and starting a side hustle.

  • Optimize your 9 to 5: Negotiate a raise and work remotely, so you have more control over your time and more time to make money on the side. Ensure you are maximizing...

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