How to grow your side Hustle
With the ever growing standard of living shooting up while salary remains constant most of us find ourselves in this unending cycle of overshooting our budgets leaving us constantly frustrated and stressed over finances.
There is this funny but cancerous habit of spending all our salary by the 5th of each month! I always wonder how in the world do you spend all your salary within 10 days.
An option that most Africans are known for is their ability to build side businesses to supplement their already existing income.
Setting up and running a side business is not for the faint hearted, it requires even much great sacrifice given that even full time entrepreneurs struggle with their start ups.
To successfully run a side hustle one has to shift their way of thinking and how they spend their time.
First one has to do a time audit of how they spend their time and create a daily schedule allocating time to critical things such as work, family, reading and attending to their side hustle.
Small businesses face a lot of challenges funding being a major factor although it may not be that critical compared to time. Side hustlers need to ensure they take every single opportunity to work on their business. It may be during lunch breaks, leave days etc. Use that time to listen to a business youtube Channel, make cold calls to potential clients or read a book whatever you do ensure you further your business.
Another strategy is increasing your productivity at your day job which enables you to create some time for you to work on your side business.
A side hustler just like a full time entrepreneur has to invest in joining a mastermind group or business network or even more importantly get a mentor to enable them be accountable.
Finally be careful how you invest profits made from your side hustle, ensure you reinvest back to the business to enable it to grow. Never use business profits or money to buy things for personal enjoyment instead buy a business book, invest in building a website for your business, and work on improving your systems among others. The journey to financial freedom begins with one step.
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