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6 WAYS TO BUILD A SIDE BUSINESS WITHOUT QUITTING YOUR DAY JOB
It's impractical to exit your current job for entrepreneurship, not until you have a steady inflow that could not only care for the bills but also pull in extra, before chasing the opulent status
It's impractical to exit your current job for entrepreneurship, not until you have a steady inflow that could not only care for the bills but also pull in extra, before chasing the opulent status
Below are the few lessons i absorbed from few affluent people in our ecosphere
1. MAINTAIN PERSPECTIVE
You might feel tremendous pressure while forging your idea and frequently working in a full-time job
Instead of perceiving pressure as a problem, embrace it: the strong forces push you to be decisive, clear, and effective with your goals
You might feel tremendous pressure while forging your idea and frequently working in a full-time job
Instead of perceiving pressure as a problem, embrace it: the strong forces push you to be decisive, clear, and effective with your goals
Before you take the jump off the cliff and get your business going, consider a business partner
Attract someone with opposite complementary strengths to have the great chance of winning
Attract someone with opposite complementary strengths to have the great chance of winning
2. PURCHASE AN EXISTING, PROFITABLE BUSINESS
Consider buying an existing, profitable business
It’s much easier to build on a proven business model with incremental enhancements than creating from scratch
Consider buying an existing, profitable business
It’s much easier to build on a proven business model with incremental enhancements than creating from scratch
With acquisition leverage the seller's support, experience and insight during the transition
Strategically finance your business acquisition, so you don't pay all the cash up front
Strategically finance your business acquisition, so you don't pay all the cash up front
If the financial records are clean you can qualify for a small business administration [SBA] loan with as little as a 10-20 percent down payment
With an already successful business, you can focus on financing the deal and delegate roles to further push the business forward
With an already successful business, you can focus on financing the deal and delegate roles to further push the business forward
3. REVIEW YOUR CURRENT JOB
Poor people try to replace income sources, rich people add up
Never hurriedly quit your job for greener pastures until you're certain you could make more with your time elsewhere
Until then, get better at your current job
Poor people try to replace income sources, rich people add up
Never hurriedly quit your job for greener pastures until you're certain you could make more with your time elsewhere
Until then, get better at your current job
When you start your side hustle, make it "synergic" - closely connected to your main income source, so you can give both proper attention
Most people start a side hustle, get excited, ignore their main income stream, then end up with one source again
Most people start a side hustle, get excited, ignore their main income stream, then end up with one source again
Stay focused on never ignoring your primary income source
With several income streams you can build wealth
With several income streams you can build wealth
4. BUILD ROME IN A DAY
One: find your favorite side household item, for instance Vase, books or electronics
Two: build click funnels, shopify or amazon store
Three: create a stripe or braintree account
Four: form an LLC on legalzoom and create a business bank account
One: find your favorite side household item, for instance Vase, books or electronics
Two: build click funnels, shopify or amazon store
Three: create a stripe or braintree account
Four: form an LLC on legalzoom and create a business bank account
Five: use facebook ads to drive traffic to your product
These 5 steps could be accomplished under a month with a full time job
These 5 steps could be accomplished under a month with a full time job
5. NEVER DO IT ALONE
The time Vs money money value is usually the most important factor to become wealthy
The difficult part about having a job is you don't have free time to build a business
Set aside time - even if it's just 30 minutes per day to work on your side hustle
The time Vs money money value is usually the most important factor to become wealthy
The difficult part about having a job is you don't have free time to build a business
Set aside time - even if it's just 30 minutes per day to work on your side hustle
Outsource your work and get help from freelancers on websites such as upwork and fiverr
It's much easier than you think to find people who can help you
It's much easier than you think to find people who can help you
6. BUILD AN AUTOPILOT SIDE HUSTLE
Create a side hustle that leverages your time and manages itself
The three pillars of a self-managing side hustle are:
Learning to sell online
Creating "value" products
Build a distribution system
Create a side hustle that leverages your time and manages itself
The three pillars of a self-managing side hustle are:
Learning to sell onlineCreating "value" productsBuild a distribution system
You can learn to sell anything online just by watching free few videos with basic sales funnel software like clickfunnels and leadpages
By creating "value" products such as courses, checklists or cheat sheets
Your one-time effort can have an exponential impact
By creating "value" products such as courses, checklists or cheat sheets
Your one-time effort can have an exponential impact
The fastest distribution system is building an email list by trading a value product to acquire leads
Ultimately, when you have self-managing business, you instantly have options and cash flow
The 2 results that every entrepreneur loves
Ultimately, when you have self-managing business, you instantly have options and cash flow
The 2 results that every entrepreneur loves
Looking to start one? See how to build mobile app without coding skill for businesses at free of cost
https://gumroad.com/l/bingay
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