You’ve Got Your Idea For a Side Hustle
So you’ve been thinking about starting a side hustle: You’ve identified your professional passion, your’ve vetted your idea, and you’ve identified what you want to sell.
Still looking for business ideas? See HERE for intriguing and feasible side hustle ideas!
But the main question still remains. It’s a question that many of us have asked ourselves: Should I pursue this side hustle or pass on the opportunity?
Side Hustles: A Refresher
A side hustle is a type of work—typically to supplement an existing income—which can be viewed as both a passion project as well as passive income.
Starting a side hustle is a good way to make extra money and enjoy something you already like doing. There are also some important questions to consider before starting your side hustle.
The Most Important Factor: Time
Time is the most precious and fleeting commodity we have. We only have so much of it in a given day, week, month, etc. That’s why it is so important to carefully and seriously determine whether your side hustle is worth your time.
Questions To Ask Yourself:
To help determine if your side hustle is worth your time, ask yourself these questions:
- How much time will you need to give to your side hustle every day and each week?
- How much time can you give to your side hustle every day and each week?
- Do you have the time and energy, before or after your day job, to commit to your side hustle?
- What sacrifices must you make to pursue your side hustle?
To Pursue or To Pass?
Answering these questions is an important first step in determining if pursuing a side hustle is the right option for you. Wanting to pursue a side hustle is not enough. You have to be determined and disciplined, as it is likely you will encounter a lot of obstacles along the way. But if you are willing to put in the time, effort, and energy into your side hustle you may surpass even your wildest dreams regarding what your side hustle can turn into!