BEFORE YOU CREATE YOUR SIDE HUSTLE.
There is now this new trend encouraging a lot of young people to get a ‘side hustle’. Before we go any further, getting a side hustle is all about increasing your income. So, you can either get an extra job or start a small business (entrepreneurship or start-up, call it any name). Now, you want to make more money to add to your already existing income, either allowance from home or your job.
Do you become an entrepreneur or just get an extra job?
You prefer entrepreneurship because everybody is talking about handwork, learn a trade or get a skill and how it will eventually replace white-collar jobs.
You finally settle for it.
Next, you begin to find what you should do. Do you trade? Become a drop-shipper? An online entrepreneur? Or produce objects that people need and will give value?
You make your pick.
The capital required for the business becomes an issue. I mean you’d get tools and materials, do a bit of publicity and all these things costs money; a lot of money. Do you save or do you just rally around friends and family for money? But, you must have heard that whatever you do when starting a business do not borrow to start (at least, not initially). So, from where does the capital come from? All these thoughts jamming up in your head and let us say you are passionate about it; You still want to create something. You want to do something. Your income still isn’t enough; you want a side hustle. You want to create a brand. In the next 2 or 3 years, you want to be known.
You know how we say “JUST START”. Like, just start. Do what you are thinking put it to work. Begin from where you are. But, wait first, start with what? With nothing? Begin with the skill. It is there already, GROW IT.
WRITE OUT YOUR IDEAS, GOALS AND PLANS
I guess to start with writing out your ideas, no matter how long it takes. The more I think of starting with the little I have gathered to be capital. That’s when there’s an expense that is unrelated to the business that just springs up from nowhere. If only I could get the capital from somewhere.
But at the back, something is asking how? Why? Is it even possible? What if it doesn’t work? Not everyone is meant to be an entrepreneur you know? Some of us are better suited as employed.
The top question that runs through my head is will I be consistent, after running a blog for close to 2 years my consistency will be 65 over 100. That’s poor.
Or how about pricing? Would I be patronized? How would I get customers?
MAKE THINGS WORK FOR YOU. DO NOT COMPARE.
But Funke started her business 5 months ago and she’s doing well. Meanwhile, Tobi said it was difficult.
Finance and Networking… If I had the connections and networks this person has, I wouldn’t need to be stressing for money or customers. But he is not using it. Why not make him use it for you? Your friends have what you feel would work for you, have the access to the customers you need. Why not involve them? Make use of their ability to get the sales and give them a percentage before you finally become established.
Getting a side hustle is very easy to say and hard to do…
Read also: WOULD YOU RATHER BECOME AN ENTREPRENEUR OR TAKE A WHITE-COLLAR JOB?
BEFORE YOU GO AHEAD TO CREATE OR GET A SIDE HUSTLE
- Not everybody is meant to be an entrepreneur.
- Not everybody is meant to be an employee.
- Would you have enough time to balance it with what you already have?
- Are you going to be consistent with it?
- Does it match your vision and do you see yourself still engaging in it/?
- Don’t over burden yourself.
It isn’t easy but it was worth it.
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