Only Spend Money On Actual Efficiency - Deepstash

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Only Spend Money On Actual Efficiency

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. 

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MORE IDEAS FROM THE SAME ARTICLE

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.

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.

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

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.

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

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.

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.

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.

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.

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