I have had a side hustle for the greater part of the last 3 years so I get it. I have had a failed side hustle and a succeeding one and have realized what HAS to be present in order for it to succeed. It is often sited that 9 out of 10 businesses fail but according to the Bureau of Labor Statistics most businesses that are going to close, do so in years 3-7, when most people give up because it feels like it’s not working.
There are 5 things that will make or break whether a side hustle has a chance. Of course there are many things that will determine if your side hustle will succeed and the biggest factor is YOU.
It has to change lives.
You must make enough money to change YOUR life.
It must get you out of bed.
There has to be a residual end game.
It has to create influence.
Check out the specifics of each of these points on this weeks episode!