The kids are growing up and at school and they don’t rely on you as much any longer. Sure, there is a lot to do around the house but it only takes half a day to clean, do the laundry and cook dinner. And, if you’re telling the truth, it’s all starting to get boring. You’d kill to have something in your life, anything, which was exciting and gave the day an extra slice of purpose.
A side hustle is perfect because it mixes making money and being an entrepreneur with flexibility. However, getting it off the ground and making it a success isn’t easy. Here are the tips which can help.
Get Started Already
You’ve been dying to sell your old outfits online with eBay and Amazon but there’s been a lot to think about. How do I do it? Do I have to pay tax? What happens if no one makes a bid? They are all relevant questions yet they shouldn’t stop you from taking the plunge ASAP. One of the hardest parts of creating a side hustle is to take the very first steps because the small details play on your mind. Forget about the red tape and give it a go and cross the rest of the bridges on arrival.
Go Back To School
At the moment, you’re an amateur trying to figure out your way through the complicated world of online selling. All you want to do is sell some old clothes – how is it this difficult?! The good news is it doesn’t have to be with an online course. The likes of Brock Johnson and Ken Dawson are seven-figure eCommerce entrepreneurs and have the experience to burn. Even traditional establishments run courses on how to succeed using the Amazon and eBay platforms. If not, there are business management and leadership courses.
Cut In The Taxman
Tax has already got a mention in this post, and it’s because it’s an important issue. In the beginning, an extra $50 a month won’t seem as if it matters. Plus, the IRS won’t notice $600 difference over the year. Issues pop up when the figure hits the thousands mark and the taxman still doesn’t get his cut. Then, he’ll be knocking on the door with a team of federal agents. From the beginning, it’s savvy to put aside a stash in case of emergencies just in case. Also, an accountant is a smart move because tax laws on side hustles are different from regular jobs.
Do It Full-Time
Everybody starts tentatively but that has to change if you want to turn it into a bona fide business. There is no room for a couple of hours here and a few extra there throughout a week. When you’re at home, everything should revolve around growing the company and securing funding. Treating it as a full-time job means it will become one out of sheer persistence, as well as a touch of business acumen.
Remember that a journey of a thousand miles starts with one step.