A taste of the pie

Side ‘hustling’ your way to wealth

Timer5 min

There is security in having a job. This is especially the case if the job pays relatively well. However, someone once said that a ship, even though safe at the dock, is meant to test the perils at sea. Hence, if you have an adventurous or entrepreneurial streak, it is counterintuitive sitting behind a desk all day. In fact, the chances are that several years down the line, you will regret the opportunities you did not take.

Understandably, you cannot up and quit your job. However, you can find some means to preserve your job’s security while indulging your creative side. This is through a side hustle.

In this article, we show you the tips and tricks of starting a side business. We will be drawing inspiration from Chris Guillebeau’s amazing book, From Idea to Income in 27 Days. Well, you may not have the time to dig into the book, which is where the headway app steps in to help. You will find a summary of Guillebeau’s book, as well as other materials, on the platform. What is more, these summaries are all under 15 minutes.

Set, ready, let’s go!

“A ship in harbor is safe, but that is not what ships are built for.”

John Augustus Shedd

Reasons for getting a side hustle

“Good things happen to those who hustle.”

Anais Nin

No job is so great that you would not need a secondary source of income. There is always an incentive to do something else apart from your primary job. Here are a few reasons to get a side job.

Higher income

This is perhaps the greatest incentive for doing something on the side. With a side hustle, you can generate a new source of revenue/income.

It creates an opportunity to put your skills to work

Unfortunately, if you work in some spaces, you will feel stifled. You may not have the room to flex the full extent of your skills and potentials. If you have a skill that you want to keep alive, monetizing it is the best way to improve it. You have more incentive to put your learning to work when there is some pay guaranteed at the end of the day.

The future is volatile

Even though you have job security right now, you cannot always count on that being the case in the future. Coming from the heels of the pandemic, the world has realized that nothing is certain. Thus, having a second source of income actually serves you best. Even if something changed and you found yourself without your primary source of income, you could always fall back on your side job. These days, the only job security you can count on is the one you give yourself.

It makes it easier to transition

The world is slowly tilting towards entrepreneurship. Paid employment often proves insufficient to satisfy the needs of the average person. In fact, if you look closely, you would realize that most of the wealthiest people on the planet are self-made. Even if financial success is not your motivation for going solo, you may want to tow this path for other reasons. For instance, you may want the freedom and flexibility that comes with being your own boss. You may be attracted to the idea that your income would totally be up to you. While self-employed, you can scale up your income. You would be unable to do this if you were in paid employment. It is easier to make the transition from paid employment to full-time self-employment if you had a side job from the start.

Baby steps to start your side hustle

If this is your first time starting a side job, you may be unsure of where to start. Not to worry, Chris Guillebeau has all the answers. Guillebeau has quite the experience in the industry. He has helped quite many folks successfully kick off their side jobs. In his book, Side Hustle: From Idea to Income in 27 Days, he outlines steps to starting a successful side hustle. The steps are:

Build an arsenal of ideas

This is pretty straightforward. You need to create a list of the ideas you can turn into a business. If you think that you have no viable skill that you could turn into a side job, you are most likely mistaken. So, write down a list of your interests. Look to see if there is a common thread amongst all of those, then start from there.

Guillebeau suggests that you poach some ideas if you haven’t got one yourself. The chances are that you have a friend who really hasn’t committed to a side hustle they have been talking about for the longest time. Help them actualize their dreams by taking over their plans. If anything, they would be living their dreams vicariously through you.

Select your best idea

Now that you have a bunch of ideas to choose from, settle on one. You should know from the start that not all of your beautiful ideas will eventually work out. They may look good on paper but are actually untenable. One way to test your idea is by pitching it to family and friends. Their reaction can help you gauge if you would likely make gains or losses if you eventually venture out.

Prepare for liftoff

This is also another crucial point that Side Hustle elaborates on. Once you’ve decided on a gig, make plans to take off. If you want to start a freelance writing agency, check out how others are doing theirs. If you are looking to drive an Uber on weekends, make arrangements for how that will work. Assess the risks, strengths, and weaknesses of your proposed product or service. When you are certain that you are ready, then launch out. How about if you are never sure you are ready? Well, when you are ready, you would know.

Launch your idea to the right people

It is important to start as soon as possible. Delaying could be because you are afraid of failing. Hence, plodding in nonetheless would be a great way to deal with the fear. Once you begin, do not draw back. Face the challenges when they arise. Do not give up regardless of how tough the terrain becomes.

What would you do if you weren’t afraid?”

Sheryl Sandberg

This is the last chapter in Side Hustle. Here, Guillebeau teaches that after working for a while, you ought to pause and take stock of how far you’ve gone. During these periodic checks, you can ask for your customers’ opinions and suggestions. Do understand that the pause is not infinite. As soon as you have re-strategized, move on.

In this volatile world of ours, consciously creating some sort of security should be everyone’s goal. Specifically, security is something a side hustle gives you. In addition, it brings you happiness, fulfillment, and contentment. If you are unsure about how to turn your passion into profit, this article shows you the steps to do so. Do not forget that you can always take a refresher course by running through Chris Guillebeau’s book, From Idea to Income in 27 Days on the Headway app.

“The best time to start was last year. Failing that, today will do.”

Chris Guillebeau

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