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If we had a dollar for every time someone had dreamed of quitting their nine to five and devoting their life to a business idea that actually made them content and happy and driven then we would probably be worth twice as much as Jeff Bezos right now.
Of course, what is stopping most of these dreamers is that – possibly – million dollar question: what do you need to turn your side-hustle into a fully-fledged business?
Well, first things first, you need “balls” to walk into your boss’ office and say “I quit” with very little to fall back on and the white jaws of life snapping at you like hungry wolves. The trick, however, is calculating your move to make turn your side-hustle ambition a sensible one and, with that in mind, we have pulled together some advice on how you can grow your bit on the side into your only source of income.
Only As Strong As The Foundation
Success comes from a plan. It is as simple as that. The good news is, you already have a side hustle and that means you already have a pretty good measuring jug at your disposal. You have something that you can assess, something where you can look at its viability before leaping in with both feet. Using this, work out exactly what kind of money your side hustle needs to be making in order for you to quit and not start struggling to pay your rent on the third of each month.
Careful When Your Scaling
Nothing is more ill-advised for a startup than yanking off the stop valve and letting the money pour in all at once straightaway. That’s the worst. Instead, as a side-hustle trying to grow big, remember the story of the tortoise and the hare. Of course, there are things you should think about how to make coping with busy time way easier, like cloud solutions and services for business and getting yourself a laptop with lots of hard drive space and a tablet that you can use on the move. The trick is, scaling in a way you don’t have to go all in and doing it gradually instead.
Burnout Is A B****
Trying to start a side hustle that will take over the world while simultaneously performing well enough at your job so that you don’t get fired is a pretty exhausting task. It’s round the clock concentration and that means running the risk of burnout. This is bad because a) nothing gets done when you’re burned out and b) nothing gets done when you’re burned out. So, instead, use your time more effectively (a tough ask, we know). As a starting point, start devoting your most productive time to your side hustle and stop working seven days a week. Seriously. That’s a killer.
Just Do It Already
You’re never going to feel ready. Never. That is partly because we are wired to believe we are never ready and mainly because we believe there is a perfect time to do stuff. But there is never going to be an ideal time to quit your job and flap your arms uncontrollably as you try and make a success of yourself so, whenever you are feeling even just slightly okay by the prospect, just do it. Of course, there are times that are better than others, but there ain’t no such thing as perfect. Remember that.