The Wealthy Nurse's Guide to
Multiple Streams of Income
Table of Contents
- Get In The Right Mindset To Start A Side Hustle
- Take Inventory Of Your Special Skills And Talents
- Build On Your Strengths, Outsource Your Weaknesses
- Map Out Your Hustle Idea And Strategy
- Analyze And Validate Your New Hustle Idea
- Implement A Solid Marketing Strategy
- Set Realistic Goals And Timelines With Your Hustle
- Keep Your Side Hustle Separate From Your Day Job
- Create And Follow A Strict Side Hustle Schedule
- Focus Your Time On What Generates Revenue
- How To Avoid The Side Hustle Burnout
- When It's Safe To Quit Your Day Job
Get In The Right Mindset To Start A Side Hustle
Many people start off so excited when they see a side hustle opportunity they think will be a good fit for them. They make plans and think about how they’re going to spend their extra cash, or how they’re going to quit their jobs the moment their side hustle takes off. But before they even get halfway to success, they give up all of a sudden. They make excuses as to why their side hustle isn’t working.
Take Inventory Of Your Special Skills And Talents
You’ve probably got a lot of skills and talents that you can put to good use. But since you’ve got a limited number of free time (provided you work full time at your day job), then you need to choose a profitable side hustle that will help maximize your time. How do you do that? Well, for starters, you can take an inventory of your special skills and talents. You can start by writing down your work experiences (paid or not), and then write the skills you used to do those jobs.
Build On Your Strengths, Outsource Your Weaknesses
Do you believe in the saying “time is money?” If you do, then you know that your time is better spent doing things you’re good at. You can then leave the rest (meaning, the things you’re bad or mediocre at) to people who are way better than you. In the beginning, it may be perfectly okay to do everything in your side hustle business all by yourself.
Map Out Your Hustle Idea And Strategy
Planning is key to your side hustle success. Without a good plan, you may just as well be playing in the dark. You’re almost guaranteed to fail. If you want to increase your chances of success (and who wouldn’t?), then it’s a must that you plan out your side hustle idea and lay down a solid strategy. You know your strengths and your weaknesses better than anyone. If you say you’re not good at planning, then you better think of a way to move ‘planning’ to your strengths column.
Analyze And Validate Your New Hustle Idea
Breaking away from the comfort of your day job is a scary thought, especially if you’ve never once attempted to do something so radical before. Or, perhaps you have, but you failed. Well, there’s a way you can minimize failure, and that is by analyzing and validating your side hustle idea. This technique will help you cross out the side hustles which aren’t going to be worth spending your time on simply because they aren’t going to be profitable.
Implement A Solid Marketing Strategy
If you’re shy and timid and you’re scared at the thought of talking to random people and businesses, then you’re in for a shock. Your side hustle is never going to take off if you don’t go out there and let people know you’re open for business. So, before you even think about which marketing strategy to employ, you need to figure out how you can toughen up ASAP.
Set Realistic Goals And Timelines With Your Hustle
At this point, your side hustle is exactly what the label says, you work on it on the side, meaning it’s not your full-time job or your day job. You’re basically working on your hustle on days when you don’t have regular work or even before/after you go to work. Obviously, your schedule will depend on you and how busy you are at the office. When you’re just starting out at your side hustle, you need to be realistic with your goals.
Keep Your Side Hustle Separate From Your Day Job
If you value your day job, then you wouldn’t want to lose it, especially not when your side hustle has barely even started. Even when your side hustle reaches the point where you’re making more money than at your day job, you may still want to keep your job. If you work at a job you really like and enjoy and you find it very fulfilling, then, by all means, stay in it.
Create And Follow A Strict Side Hustle Schedule
How many free hours do you have on a workday? And how many free hours do have on your days off? How many hours do you need for your personal routines? For sleep? For family time? There are plenty of reasons why you need to create and follow a strict side hustle schedule. For one, you’ve only got 24 hours in a day. That’s fixed, non-negotiable.
Focus Your Time On What Generates Revenue
As much as possible, you want to generate some revenue every time you work on your side hustle. So, you’ve got to figure out how you can streamline your processes and your systems to come up with the most profitable ‘formula.’ As you already know, not all side hustles are created equal. Some side hustles are straightforward, while some are a bit more complicated and require thorough planning.
How To Avoid The Side Hustle Burnout
Working full-time can be hard and stressful enough. Working on a side hustle can take your stress levels to the next level. No matter how passionate you are about your side hustle, even if it’s your favorite thing to do in the world, there will come a time when you’ll start feeling burnt out. So, how can you avoid the side hustle burnout?
When It's Safe To Quit Your Day Job
So, your side hustle is finally starting to take off and your future has never looked so bright. You’re excited at the prospect of working full-time on what was once your little side project. You probably feel the way Bill Gates and Steve Jobs did when they were finally ready to move out of their garages to launch their brilliant products to the world!
