Are you currently working a full time job with a Side Hustle in your spare time?
Is it a dream of yours to one day be able to quit your full time job to make your Side Hustle, that you are so passionate about, your full time income?
Well, I’m here to tell you that I get it, and you’re in the right place!
I work a full time job, I am a mother to 2 young boys, ages 4 and 5, and I work my side hustle blogging business on the side! You can read my full story here.
Keep reading to learn more about How To Make A Career Out of Your Side Hustle!
Zoey started creating websites in her spare time. She did it to learn new skills and for her own enjoyment. When she designed a website for her son’s new charter school, she started getting requests from other local businesses to create their sites.
Pretty soon, Zoey was earning a nice side income and began wondering if it was possible to leave her corporate job. Like Zoey, you may have a passion you developed into a tiny income stream. Here are a few questions to ask to determine if you should turn your side hustle into a career….
How To Make A Career Out Of Your Side Hustle:
Are You a Self-Starter?
Some people are internally motivated and driven. They do things even if no one (like a boss) is checking up on them. These people generally don’t need external motivations to reward themselves. They are what’s known as “self-starters”.
Of course, there’s a second group of people who are externally motivated. They need to know others are watching or paying attention in order to get things done. If you know your boss is never going to ask about that project, do you still get it done? Or would it languish at the back of your hard drive never to be seen again?
Self-starters make the best entrepreneurs. That’s because in your own business, no one is standing over your shoulder to make sure the task gets done. You must motivate yourself or your business won’t last very long.
Do You Want to Give Up Your Hobby?
When you do an activity as a side-hustle, there’s a certain amount of freedom. You can walk away from a project that no longer interests you. You can be choosy about which clients you work with or what offers you make to customers.
But once you move from hobby status, the game changes. Now you might stick with a project even if you don’t enjoy it because there’s a paycheck at the end of it. You might take on clients that aren’t in your target market to keep the lights on.
It’s not that turning a side hustle into a full-time gig is a bad thing. Just understand that once you make this move, you no longer have a hobby. You have a business and that means you will have to make decisions as a business owner, not a hobbyist.
Are You Prepared to Take on Your Own Expenses?
Once you make the transition to a full-time business, your expenses will grow substantially. No longer will you be working for a corporation that helps to pay for your health insurance or retirement fund. Additionally, depending on where you live and how you file your income, you may be subject to a much higher tax percentage.
When Lydia considered turning her art into a full-time business, she crunched the numbers first. Although she could handle the taxes and other costs, she couldn’t find a better healthcare plan than the one she had through her full-time job. Since she had a young daughter with a serious medical condition, Lydia opted to stay employed and run her business on the weekends.
Turning your side hustle into a full-time business can be exciting and fun. But do your research first and consider if this is something you truly want to do. You might just discover that a full-time gig is the answer you’ve been waiting for!
Learn how to plan your daily money tasks when you download your free workbook!
Download my FREE printable Journal & Workbook with writing prompts that will help you discover what it takes to build a side hustle, how to plan your daily money tasks, and which questions to ask before you make the big leap.
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Need Help Researching Your Side Hustle Viability? Check Out My Latest Planner…
If you have some time this weekend, you can easily decide if your side gig will make a viable business alternative. My latest planner, “Create Your Side Hustle Income in a Weekend,” walks you through multiple exercises, from start to finish, to determine what you should choose for a side hustle and if that idea is sustainable for many years. You’ll need to dig deep to answer some of the questions inside but self-exploration is the only way to know for sure if this is the right answer for you. The best part is it doesn’t take a lot of time to complete.
Create Your Side Hustle Income Plan In A Weekend
Free Online Community Building Workbook
An online community is a highly beneficial tool to market and run your business. Just about any business can benefit from it in some way. These communities are beneficial because they include people or customers interested in your business, services, products, knowledge, or education and seeking more of it. Download this free workbook to get started building your very own Online Community!
