Side hustles are good for companies - Deepstash

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The Surprising Reality of Side Hustles: They're Good for Business - Help Scout

Side hustles are good for companies

Side hustles are good for companies. The rich perspectives derived from diversity of experience only make your team stronger.

Side hustles are more than the clickbait suggestions such as "rent out a spare room on Airbnb" or "take online surveys." It is a way to make some extra cash that gives you a hedge against feeling stuck. It can be something you create or your true passion.

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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.

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. 

Plan For the Future
Plan For the Future

Being proactive and thinking long-term while making decisions in the present is something that primes us for a better and deliberate future.

We start to consider the secon...

Self-Investing

Take care of yourself in the long run with these compounding activities:

  1. Learning how to make something of value to others.
  2. Learning a skill that makes you stand out of the crowd.
  3. Reading books about distinct topics that are relevant to your career and personal growth.
  4. Setting up a broad-based fund that invests some money from your income, to build your wealth.
Reading To Get Smarter

Reading makes our brain exercise, and all successful people share this habit.

Reading reduces stress and increases your emotional intelligence. The slice of life your brain is exposed to, whether you read for self-improvement or pleasure, will make you more focused at work.