Not all of us can create billion-dollar businesses out of our garage, and that’s okay. Many side-hustles end up being great opportunities to network with people who work in industries you want to learn more about, and they can end up turning into unexpected job opportunities without you realizing.
Having a full-time job while pursuing a passion project gives you an additional sense of security while you’re able to do something you’re interested in. You’re also able to take away lessons in management and leadership you’re witnessing in your probably more corporate workplace with you to your own private business, and this can mean learning and growing in ways you may not be aware of on your own.
Nine out of ten businesses tend to fail- and while that may seem like a terrifying statistic, being willing to invest some serious time and work into a side project will always result in something productive, even if it may not be in the form of long-term success. Being aware of this and staying willing to strap in for the long haul is part of deciding to start one.
Don’t rush to quit your day job the moment you’ve found that there’s interest in what you’re doing, either. Ensure you’ve got a steady and sustainable cash flow when it comes to customer demand before making any rash decisions. Most employers are flexible and even encourage their employees pursuing individual projects, but be sure you’ve double (and triple) checked your contract before creating something of your own. You’ll also want to be sure you’re not compromising the quality of your own work since this will end up in a loss of faith from your employers and won’t help either of your projects in the long run.
Once you’ve started a side hustle, figuring out how to sustain it comes best in the form of a plan with concrete timelines and goals to work with. Achieving even the one customer mark can be a really big deal, especially considering you’re going to be juggling this with other work. Part of the process is learning as much as possible from every experience, so with your first customer will also come feedback that you can then work from, and a networking opportunity you can use to expand your business upon.
If you’re looking to get the most out of work and you aren’t sure how, read our advice over on the LEAP article page!