The Bossticks Solo - How To Start A Side Hustle Or Your First Business To Generate New Income
May 3, 2024
In this episode, Michael talks about starting a side hustle or business, emphasizing mindset and sacrifices needed. He gives practical tips on transitioning into entrepreneurship and making side hustles profitable. The discussion includes the importance of passion, consistency, legal structures, and taking action towards business growth.
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Start Side Hustle With Passion
- Start your side hustle by leaning into a passion you'll enjoy for at least a year without expecting income.
- Support yourself with your current job while putting consistent time into building the new venture.
Podcast Start With Minimal Gear
- Michael and Lauren started their podcast with minimal equipment and no experience, learning as they went.
- Their early episodes were rough but consistent effort led to growth and refinement over time.
Set Income Goals To Guide Hustle
- Set clear income goals for your side hustle and work backwards to identify monthly and weekly targets.
- Brainstorm many ideas to generate that income, focusing on deeper efforts for the best outcomes.