Starting a side hustle can be a great way to take control of your finances, and pump some much-needed extra cash straight into your bank account each month. But let’s face it… If you’re already working for an employer alongside trying to juggle family life, getting started can seem hugely overwhelming.
You might struggle to work out how you’ll find the time. You’ll worry about the sacrifices that you might have to make that you haven’t even stopped to think about yet, and you could have your reservations about whether this can really work for you.
Listen up though… Starting a side hustle alongside a job is completely manageable. But you do need to know how to maximise your chances of success. Read on to get my best advice that will get you off to the best possible start…
Don’t try to do everything all at once
When you’re starting a side hustle, there’s the research stage. And you can very quickly go from having no idea at all about what you’re going to do, to convincing yourself that you have ten great ideas and you need to start all of them by tomorrow.
Ultimately, diversifying your income is a very sensible thing to do. But not before you’ve laid profitable foundations. Instead of jumping in feet first and spreading yourself too thin, get focused and pick just one thing to master. If you need some ideas, look at these 101 side hustles.
Set realistic goals that you can review regularly
You’re probably not going to make a million pounds in your first month. That’s just the reality that we’re dealing with here, and you’re no doubt well aware of this. But goal setting is a great tool to keep you on track, and ensure that you’re making progress each month.
When I started my first side hustle, I set a goal of making an extra £100 per month. Once I’d achieved that, I set a new goal to earn £200 per month. The figures I picked were stretching but realistic, and I found great satisfaction when I hit them.
Get your family members onboard with your plans
You might have a little less time to take care of tasks in the home whilst you’re setting up your side hustle. The best way to deal with conflicts with your daily schedule is to make sure that you’re communicating with your family. Share your dreams, your plans, and why this is important to you, as well as how it will benefit them.
If you need help with chores, ask. You shouldn’t have to manage everything all on your own, and having a conversation at the very beginning can really help to make sure that things go smoothly.
Try to take small actions each and every day
You won’t always have a load of time available to dedicate to starting a side hustle. That’s just life. But what you don’t want to happen here is to find yourself struggling to gain any momentum because you aren’t setting aside small but regular chunks of time.
My own approach here is to make sure that I do something every single day that supports my income stream. If I’m super busy, then this could be something as small as sending an email or writing a social media update. If I’ve got more time available, I’ll get stuck into something a little meatier. Daily action has helped me so much, and I really do believe that it’s key to cutting down your learning journey and creating real results as quickly as possible.
If you’re interested in starting a blog as your side hustle, then I’ve published a post about the reasons why I think you should start a money blog. I’d love to know your thoughts!
Just like any journey that’s worth taking, there will be bumps in the road along the way. It won’t always be easy, but in my experience, it’s definitely worth it. Having extra income coming into your household can make a huge difference. You could pay off debt, start an emergency fund, or just give yourself extra peace of mind.