The Considerations When You Decide To Start Side Hustling

by Lisa Ehrman · Published June 19, 2023 · Updated June 19, 2023

If you are hoping to take charge of your financial health, a side hustle is a great way to earn a little bit of extra money while also doing something you care about, but when it comes to doing some form of side hustle when you have a skill or a passion that you’d like to share with the world, what are some of the things you need to consider?

Have Some Form of Business Plan

The biggest reason people start side hustling is because they want to do something with their spare time that’s fun, while also earning money. If you are gifted at something like knitting or embroidery, you don’t have to create a massive business plan, but instead, you should look at the things that can inspire you and also look at the already successful companies out there. For example, a company like Southern Sketch already showcases embroidery templates, and rather than you attempting to emulate their website layout and services, use it as inspiration to create a business plan that doesn’t just serve your side hustle’s needs, but is actually something that’s in demand.

Ensure You Are Good at It

It’s a very simple thing, but if you want to earn some extra money without making an effort, you’ve got to do something that you are great at, but also something you love. Therefore, when it comes to ensuring that you are good at it, it’s also about asking yourself if this will still be interesting a few months or even years down the line. You should identify the activities and hobbies that you are genuinely amazing at, and this will make sure that your passion doesn’t just make your side hustling enjoyable, but it will increase the likelihood of success. You should do what you love and love what you do, and therefore, this will help to keep you motivated and dedicated, especially if there are no takers and you’re experiencing tough times.

Know How to Carve Out Your Time

A side hustle should be fun and enjoyable, but if it’s taking up a lot of your time and it seems like you’re banging your head against a brick wall, you may have to re-evaluate if it’s worth your while. Part of the problem many people have with the side hustle is that it takes up a lot of their time, but if you are truly passionate about the role, then you won’t mind it taking up your time, but you still need to balance your responsibilities, personal commitments, and if you already have an existing job. It can be challenging, so make sure that you have enough time and energy to dedicate to your side hustle without neglecting the things that are real responsibilities in life.

Know When To Step Away

Lots of people love the idea of a side hustle because they’re earning extra money, but if it is taking up too much of your time or you’re feeling the signs of burnout, this is when you need to start considering if you should be stepping away from it. A side hustle is an opportunity to pursue the things you care about, and it should be just that, and nothing more.

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Lisa Ehrman

Lisa has been blogging since 2013, and loves sharing resources and ideas for living a simple life. To get free printables, bonus words, and more - sign up for the newsletter.