Do you believe work ethic without getting broke foundational piece of hustle and success?
Yes, I do.
Do you want anybody ever to work so much that they get depressed?
Of course not.
Hustling or Performing work that is similar to your full-time employment or something completely different.
Should a full-time engineer do incentive returns in addition to their regular work?
Having a set of talents that facilitates both positions is an advantage of having a similar full-time job and side hustle.
However, our findings imply that having a similar side hustle and full-time employment.
It may reduce the feeling of being away from full-time work by extending the experience of a full-time job into non-work time.
Finally, limiting time away from a full-time job by working a side hustle that is similar to one's full-time employment may inhibit full-time job recovery.
In order to give an escape from full-time job.
Side hustlers will need to handle the tension of selecting a side hustle that draws on existing abilities while also providing the potential to add variation to one's work life.
Creating a Side Business
After deciding on a side hustle based on the work's characteristics, motivations for doing it.
And the expenses and benefits of doing something that is more or less equivalent to full-time work.
Workers must make a few crucial decisions about how to grow their side hustle.
Particular attention should be paid to:
- maintaining the side hustle's speed
- keeping the side hustle on the side and
- reporting the side hustle while working full-time.
Keeping an eye on your side hustle.
Some side hustles are simple to scale from the start.
Workers might, for example, complete more or fewer online surveys on any given day.
Pick up passengers for a longer or shorter period of time, or deliver a large or small number of Uber Eats orders.
Pacing the labour in relation to full-time employment and non-work obligations is reasonably simple and adaptable for various side hustles.
Other side hustles necessitate more careful assessment of workload.
Developing a relationship with clients and establishing into a pattern may be part of several side hustles (e.g., tutoring, dog sitting, babysitting).
Workers who conduct these side hustles should build up a "book of business" over time to prevent overcommitting.
While trying to discover a sustainable workflow and to avoid taking on problematic long-term customers.
Finally, various side hustles that need substantial deliverables, such as freelance illustration or web design, are possible.
Such initiatives frequently come with important deadlines, which might range from overpowering to occasional.
Workers who are trying to balance their side hustle employment from week to week may be hit harder by such a "feast or famine" workload.
Individuals who have trouble making and sticking to exact plans may wish to stay away from such freelancing job.
Keeping the side hustle as a side hustle or turning it into a full-time job.
In our survey, 19% of respondents said they would like to develop their side hustle into a full-time job in the future.
These individuals tended to have side hustles that were connected with their own hobbies (e.g., drone photography, woodworking, art, writing) but did not generate enough cash.
Regardless, having long-term goals for a side hustle might aid in making judgements about which side hustle to pursue and how to pace the job.
Individuals seeking for a side hustle to eventually develop into their full-time employment should choose a side hustle that is more personally intriguing than their present full-time job while yet having enough earning potential to support themselves.
One advantage of side hustles is the opportunity to try out alternative work to one's full-time job that may be ramped up or deleted entirely if the investment does not jeopardise one's full-time career.
Notifying your boss about your side hustle.
Side hustles require doing work outside of your full-time job, which may be viewed as a conflict of interest or a violation of employment agreements by some employers.
Individuals should examine business regulations before starting a side hustle to guarantee that doing so would not be a mistake.
The Art of Balancing Full-Time Work and Side Jobs
Although having a side hustle has numerous advantages, it also has several drawbacks that you should avoid.
Keeping track of your energy.
Weekday evenings were the most popular time for our participants to work on their side hustles.
Although it may be tempting to jump right from your full-time job to your side hustle, or to focus on your side hustle every weekday or all weekend.
You should schedule time to disconnect from both your full-time job and your side business.
Individuals in our survey worked on their side hustles an average of four days per week.
So limiting your side hustle to specific days of the week would be a smart first step toward energy management.
Side hustlers may also consider taking a break between full-time job and side hustles instead of jumping right into them after work.
Taking short breaks, even if they are only 10 minutes long, during full-time job or a side hustle will also allow you to manage your energy.
Although it may be tempting to use breaks to surf the web, send emails, or run errands, the ideal breaks are ones that allow you to disconnect from your work.
Consider devoting some time to reflecting on the purpose or pleasure you derive from your full-time job or side hustle.
Spend some time expressing gratitude to others or assisting a coworker. Take some time to rest and meditate.
Use the beneficial aspects of side hustle work to your advantage.
While combining full-time job with a side hustle might be challenging, we discovered that people can benefit from the positive resources created by side hustles.
Many people in our survey reported feeling energised, inspired, and excited the next day at work after working on their side hustles.
Surprisingly, we discovered that side hustles helped people cope with the negative emotions that come with full-time work.
Individuals who reported feeling disturbed, nervous, or distressed during the day at their full-time employment found that engaging in a side hustle provided a positive resource by helping to offset negative emotions.
In simple, we are proponents of side hustles — they allow workers to reap the benefits of independent work while maintaining the stability of a traditional role.
As a result, the major disadvantage of solely relying on gig labour is avoided.
They also provide workers with a sense of empowerment by allowing them to shape the task and its setting.
But, like with so many things in life, there is such a thing as too much of a good thing; the goal is to strike a balance.
But before you go looking, there are several things you should take care of first.
1. Make a list of everything you excel at.
You must first determine your skill level and expertise before turning your passion into a money-making machine.
Sort all of your preferences by skill level first, then by time.
For instance, if you enjoy creative writing, knowing how long it will take you to complete a piece of content is an excellent approach to estimate your time.
2. Determine whether or not you require financial assistance.
If you're going to do a side hustle, you'll need all of the necessary equipment.
If you want to take up photography, for example, make sure you have all of the necessary cameras, lenses, tripods, and other equipment.
If you believe you will require the equipment, perform a cost-benefit analysis to determine whether it is worthwhile.
Renting equipment is another option for keeping costs down.
However, if the initial cost is still too high, moving on to the next item on your list may be a better option.
3. Check for any potential conflicts of interest.
Most of the time, you're working a standard 9-5 job.
However, if this new side business is going to be a problem.
It's best to find something that doesn't conflict with your current job.
You don't want to make agreements only to burn both ends of the bridge.
So, while this is a difficult situation, it's always best to be cautious than careful.
4. Set aside a definite time.
We understand that job and home occupy a significant portion of your waking hours.
However, after you've made the decision to go all-in, make sure you create a timetable and keep to it.
Most of the time, we overpromise and underdeliver. This is a disaster, to put it mildly.
As a result, avoid falling into that trap.
5. Don't forget about your regular work.
Your principal occupation is the one that pays the bills.
It's your job, and you're the main breadwinner.
Even if you start a side hustle, be sure you don't lose sight of your day job.
If necessary, schedule your side hustle so that you have adequate time to devote to your main work.
But how do you go about finding work?
You can locate such work in a variety of areas such as:
and others are some of the places where you can locate such work.
A side hustle can save your life.
It's not only a way to make some additional cash; it may also be the difference between making ends meet, paying off high-interest debt, investing wisely more, or even quitting your regular work.
6. Begin modest and don't make a large investment right immediately.
It's impossible to overestimate the importance of starting small.
Taking little measures now to establish a side hustle puts you ahead of the game compared to those who start tomorrow.
Taking little steps allows you to invest your resources properly at the start.
Consistently expanding your side hustle allows you to make modifications as you go, which is far safer than going all in right away.
Choose the best side hustle for you.
You should choose a side hustle that meets three criteria:
- you should be good at it
- you should love it
- and you should be able to make money at it.
A single expertise can serve as a solid basis for a new company.
If you're having problems figuring out what your strongest skills are, ask those who know you best.
Ask your friends, family, or coworkers to assist you in identifying your skills.
You might also consider your past experiences.
What is a question that people frequently ask you?
In your side business, you can apply the abilities you've gained from previous work experiences.
Use the abilities you've acquired at your current or past work to help you with a side hustle.
As long as your current employment doesn't cause a conflict of interest, you can go out and do your own thing on the side and get paid for it.
You can educate online if you're a teacher.
You can patch up and sell used cars on the side if you're a mechanic.
Why don't you put your expertise to work for yourself, producing money for your employer?
The side hustle should be something you enjoy doing and that adds value to your life rather than taking time away from it.
Simultaneously, don't establish such a high standard that nothing will ever meet it. You've got to enjoy it.
It doesn't have to be a life passion, since you may spend a lifetime hunting for it.
You have to appreciate what you're doing because there are always challenges in business.
Whether you're looking for a simple way to generate money from a side business, here is some suggestions:
- Put yourself in a situation where money is already pouring.
- Instead of opening your own internet store, go where people are already buying, such as eBay, Etsy, or Amazon, if you want to offer real things.
- Ask yourself, How are customers tackling this problem already?
You're putting yourself up for success if you can wedge yourself into those marketplaces and make it easy for people to conduct business with you.
7. Be clear about why you're starting.
Not everyone is eager to give up their full-time work.
Your motivation could be to pay down debt, build an emergency fund, invest more for retirement, or save for a down payment on a property.
Focus on why you're doing it, not just what you're going to do.
When you're working with someone, the first two weeks are spent figuring out why they're doing what they're doing.
It's much easier to track your progress when you start with an end goal in mind.
Keep in mind that your side hustle doesn't have to become the next big thing.
It can still be a success if it aids you in achieving your objectives.
Finally, you don't want to build something that you don't enjoy as much as your existing employment.
To begin, consider what your ideal lifestyle might entail and consider.
What kind of side hustles could I develop to enable me to live that lifestyle?
I think that you always have to sleep in the bed that you make, and so aware that you've been disproportionately passionate over the last decade around hustle and hard work.
There is an amazing opportunity of the internet, YouTube, social media.
That is true, people benefit from it, both of you, many who are reading.
You can drive traffic for others by just the sheer mention and it's not fun to be the subject of articles or keynotes where people are taking things and not painting.
It's just not the full picture.
It's very clear, if you read or watch anything for even more than five minutes that you want people to be happy and be self-aware.
Do you believe that work ethic is a foundational piece of success?
Yes, I do.
Do you want anybody ever to work so much that they get depressed?
Of course not.
I never think that money is the driver, and so I think whether it's lazy headline reading, or not doing homework.
It's not been the most fun to get dragged into.
Leveragepreneur is when you're using other people to build yourself up at the cost of the other person.
I think that as you get bigger, people will leverage you, and I'm okay with that because the truth always wins in the end.
But the reality is that I believe work ethic is important if you wanna achieve hyperbolic success.
I don't wanna tell people how to be happy.
So why are you telling me how I should be happy?
A lotta people asked, "How much do you sleep?"
And my answer's six, seven or eight hours, and it fucks with people, right?
'Cause they think I'm sleeping like an hour. And my point there is, sleep's important, like I don't know who thinks they're gonna survive without sleep.
Sleep's important.
What's important for what I'm about is what you're doing when you're awake.
I'm fascinated by people who say, "I hustle, "I sleep four hours."
But then watch three hours of YouTube videos a day, right?
And so for me, as you know, and what you're referring to as somebody who interacts with me.
Now, but here's the thing, here's the thing. That's matching my happiness and the ambition.
That is not for 99.9 percent of people.
Time management needs to be predicated on what makes you happy and what is coming out of your mouth.
The biggest thing I'm worried about is people are talking big game, but then their actions don't match it.
So to me, it's happiness first, and then eliminating hypocrisy, and that's how I think about it.
So for me, it's that because I love this game, it's what I would wanna do, and my ambitions are great, and I enjoy it.
So first of all, it's different for everybody.
But what I would say hustle is to me, is that when you have passion around something, that you are squeezing every last bit of the juice out of the orange?
To me, hustle is maximizing the energy you're putting into somebody.
I'm blown away by people saying that they're hustling, and they wanna achieve these great things, and then they're actions don't match.
It's like saying you really wanna lose weight while eating a Big Mac?
So to me, hustle would be putting all your effort into achieving the goal at hand.
And for me that means making every minute count.
Hustle is putting it all on the line.
Hustle is waking up one day, the day before you die, and realizing you gave it your all into the parenting of your children, the building of your businesses, the philanthropy that you wanted to do, whatever you define, it's just all in, emotionally and executionally.
In theory and strategy and in execution.
I get very upset when people try to suppress people from hard working without realizing that that's what makes that person happy.
And/or, do we know, telling people you should work 40 hours a week or 160 hours a week, eliminates knowing what they're about. I don't know what else to say.
I think none of us get to sit on an ivory tower and tell people what to do.
Do you believe that hard work is an essential part of the kinda success that people define?
I do.
Do I think working so many hours that it burns you out, that you need to retire or quit or you're unhappy in perpetuity is bad?
Of course I do.
I think this is a self-awareness game.
And actually I think it's a much more interesting game of like, do you know why you're working or what are you trying to achieve?
I would go crazy sitting on a farm in middle India or America doing 28 weeks of vacation.
It's not what makes me happy. But I unbelievably am happy for the people that makes it happy.
I love the process of building something the way I wanna build it.
I would go crazy having all people working remotely.
They would go crazy managing 1000 people under a roof. I think it's about self-awareness. I've never actually never fallen asleep. I'm a mutant.
Can we all agree
No you're not sure. You gonna test yourself.
Honestly, by the way, I'm getting a lot more seven and six, seven and eight than anybody would imagine.
I'm not worried about what people, how much sleep they get, I'm worried about what they do while they're awake.
Okay, but the two things are connected because if you wake up fully recharged, it means you wake up ready to take on the world.
You wake up, and say come on, bring it on, it doesn't matter how many obstacles, challenges, setbacks.
I prefer those things.
Well, you know, Travis is a friend of mine. Travis has a little bit of that.
It's like, he may be dealing with 30 crises at the same time.
That's it.
It's not life and death.
The people who have a hard time are the people who basically make it too important. Perspective is everything.
I appreciate your time.
