The Benefits of Side Hustle

To put it simply as noted by Forbes, there is no downside to a side hustle, only benefits to building more than one source of income.  In the past few months we all realized how crucial this advice is.  Numerous companies have gone out of business, including HUGE chains closing doors across the world, unemployment and foreclosure rates are growing at an alarming rate. This has cause the online business industry to boom.

How many people do you know that are running some type of business on the side of their full time job either to make ends meet or to pad the savings or investment accounts? Some folks are tired of working for someone else and enjoy flexibility. Many have student loans they are paying off. Plus, the overall attitude toward work is changing.  Gone are the days of the 25 year lifer in organizations and so is the concept of job for life! The evolution of business especially ecommerce solutions is quickly replacing jobs.

Network marketing is a terrific option that offers what today’s full time workers are looking for, income potential in the pockets of their busy life. With direct sales, you can work on your own time, in your own style. 

What ‘Entrepreneur’ Means in the Gig Economy 

If someone is working in the gig economy, does that make them an entrepreneur? Sure! Think of it this way: Freelancers run their own business, and as someone who is making money by gigging, you are freelancing your time and skills.  

Entrepreneurship doesn’t have to mean you invented a product, appeared on TV to pitch your idea to get massive amounts of funding, and went into mass production with huge overhead expense. It means you oversee your own resources, including time, money, and strategy and therefore income potential.

Sounds pretty cool, right?  

 Are You Ready To Be an Entrepreneur? 

Here are three prerequisites to becoming a successful entrepreneur. (Keep in mind, these are just guidelines!) 

1. You Are Passionate About Something 

When people ask you what your passion is, can you chat with them about it for at least five minutes? Do you light up with a burning flame that starts in the center of your heart and just pours out of you when someone inquires about what drives you? Do you feel like you could toil endlessly for hours at what you love and not even notice the time fly by?

Even if you’re not doing something particularly meaningful, does the very idea that you are in charge of your own empire spark joy?

If this is you, good. That’s the first step. You must love something about what you are doing if you’re going to step out on your own. You will be the only one responsible for driving the business, so you’re going to have to grind.

2. You Can Make Decisions 

Because entrepreneurs are in charge of everything, you will need to be able to make decisions, sometimes swiftly. Decisiveness is one of the main traits of entrepreneurs, so if you don’t have it, you’ll have to hone that trait.

Time is money. If you waste time being indecisive, you waste your employees’, partners’, and clients’ money as well as your own. 

You are now a leader, whether it’s just to yourself or a group of people, and leaders inspire. You can’t inspire if you waffle every time you make a decision. 

So, if you tend to be unsure about decisions in your life, how do you get better?  

Just practice. You are not perfect, and there are no perfect choices or answers. Stop seeking perfection and trying to solve complex problems. Be confident in your choices, and rest a little easier knowing you are in charge and have the best interests of your organization at heart.

3. When You Have an Idea, You Are Relentless 

Once you have a solid idea, game plan, or strategy, does it eat at you until you can’t seem to let it go? If so, entrepreneurship may be in your future!  

You don’t have a boss or supervisor to keep you on task and follow up with your progress. Therefore, you must be able to stay the course, not give up, keep chasing your goals, and not let tasks fall through the cracks.  

We’re not just talking about self-discipline here. We’re talking about the foundational desire to get things right to stay true to your vision. Your desire will also push you to constantly learn new things about the field you are in. This includes new skills and more details about what you are selling.  But most importantly grown yourself. You are selling yourself as much as you are selling the product or service you are offering your clients.

You have more freedom than ever before to do what you want and grow as a person. How you choose to do that is up to you. 

If you’re interested in tapping into the side hustle economy, reachout I'd love to help you start your journey! It has truly been a life changing decision for me entering this industry!