Upskilling Gen Z for Entrepreneurship through Side hustle

Out of more than 2,000 respondents in a survey conducted by social discovery app Hunch, nearly 71% believe that side-hustles can result in career growth. Youngsters can explore various side hustles to gain valuable skills. Some popular options are Freelancing, Online Tutoring, Creating Content, Selling Digital Products, Affiliate Marketing.

Embarking on a side hustle is a fantastic way to learn entrepreneurship too.?

JOIP provides such tailored key upskilling strategies through internship-cum-training program in entrepreneurship:?

1. Identify their Passion and Skills:

• Self-discovery: What are they genuinely interested in? What are you good at?
• Skill assessment: Identify their strengths and areas for improvement.

2. Choose a Viable Side Hustle:

• Market research: Understand the demand for their chosen product or service.
• Feasibility analysis: Evaluate the potential profitability and challenges.

3. Create a Business Plan:

• Outline their goals: Define their short-term and long-term objectives.
• Develop a strategy: Plan how they will achieve their goals.
• Financial projections: Estimate their income, expenses, and profitability.

4. Build Your Brand:

• Create a strong identity: Develop a memorable brand name and logo.
• Effective marketing: Utilize social media, networking, and other channels to reach your target audience.

5. Manage Finances Wisely:

• Track income and expenses: Keep accurate records of their financial transactions.
• Set aside funds: Save for future investments or unexpected costs.

6. Learn from Mistakes:

• Embrace failure: View setbacks as opportunities for growth.
• Analyze and improve: Identify the root causes of mistakes and implement corrective measures.

7. Network and Seek Mentorship:

• Connect with others: Build relationships with like-minded individuals.
• Learn from experienced entrepreneurs: Seek guidance from those who have achieved success.

8. Continuous Learning:

• Stay updated: Keep up with industry trends and best practices.
• Acquire new skills: Invest in their professional development.

9. Scale Up Gradually:

• Evaluate growth opportunities: Assess when and how to expand their business.
• Manage growth effectively: Ensure they have the resources and capacity to handle increased demand.

10. Enjoy the Journey:

• Celebrate successes: Acknowledge their achievements, no matter how small.
• Stay motivated: Maintain a positive mindset and passion for your venture.

By actively applying these principles, they can gain valuable entrepreneurial experience through your side hustle and lay the foundation for future ventures by joining JOIP.