Learn how to make your side hustle profitable and sustainable with these expert tips from Angelique Rewers, CEO of a small business consulting firm.
Side hustlers put a considerable amount of extra cash into their wallets in 2024. They made $891 per month on average, according to a survey. If you're thinking about starting a side hustle , there are a few moves you can make first to set yourself up for success, says Angelique Rewers, CEO of small business consulting firm 'You should have a dedicated bank account,' she says.'You should have a dedicated credit card. You should make sure that your business is structured properly.
You can build excel spreadsheets to keep records of your clients — whatever it takes to keep your external moneymaking activities in order. If your gig takes off and you haven't created the relevant dedicated tools for it,'you're going to lose control of the side hustle,' she says. Second, be aware of the commitment you're making.'Make sure you're not only tracking your expenses but that you are tracking your time,' Rewers says. It's easy to underestimate the number of hours you're spending on your hustle and work overtime without getting paid for it. Maybe youa project would take five hours, then billed them for those five hours even though it actually took 10, for example. But'that's how a side hustle can go from being something that's really great to do to having a lot of resentment and it not being worth your time,' Rewers says. So be realistic about how long it takes and charge accordingly.Finally, make sure you're letting the people in your life know about your new gig. For those in your personal life, like your family and friends,'pick up the phone, text people, send them voice memos, let them know what you're doing,' says Rewers. They could help you find clients or even hire you themselves., Reddit,' she says, to tap your outer network and people you don't know. She adds that,'unless it's going to compete with your full time job, you can certainly talk about it on LinkedIn as well.
Side Hustle Business Finance Success Time Management
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Side Hustle Success: Tips From a CEOLearn how to make the most of your side hustle with these expert tips from Angelique Rewers, CEO of a small business consulting firm.
Read more »
From Side Hustle to $6.6 Million Business: How This Potter Found SuccessJono Pandolfi, a 48-year-old potter, turned his side hustle into a thriving business that generates over $6.6 million annually. His company, Jono Pandolfi Designs, specializes in multitextured dinnerware sold to restaurants and home chefs worldwide. The business initially focused on wholesale, but during the COVID-19 pandemic, Pandolfi expanded direct-to-consumer sales, which now account for nearly half of its revenue. Pandolfi credits his success to his passion for pottery, his dedication to quality craftsmanship, and his ability to adapt to changing market demands.
Read more »
From Side Hustle to $6.6 Million Business: This Potter Found Success by Following His PassionJono Pandolfi, a 48-year-old potter, transformed his side hustle into a thriving business that generates over $6.6 million annually. Starting with a small pottery studio, Pandolfi's unique multitextured dinnerware gained popularity among restaurants and eventually landed a spot on FX's TV series 'The Bear.' While collaborations with high-profile clients initially fueled growth, the COVID-19 pandemic prompted Pandolfi to expand into direct-to-consumer sales, now representing nearly half of the company's revenue. Pandolfi's story highlights the power of passion, adaptability, and entrepreneurial spirit in achieving success.
Read more »
Pottery Side Hustle Turns Into $6.6 Million BusinessA 48-year-old ceramic artist built a successful business by turning his passion into a profitable venture.
Read more »
Pottery Studio Owner Turns Side Hustle into $6.6 Million BusinessJono Pandolfi, a 48-year-old ceramic artist, built a $6.6 million pottery business by turning his side hustle into a full-fledged enterprise. He started by selling to restaurants and expanded to direct-to-consumer sales during the pandemic. Pandolfi's studio, Jono Pandolfi Designs, employs 30 people and ships its unique dinnerware worldwide.
Read more »
Pottery Studio Turns Side Hustle into $6.6 Million EmpireJono Pandolfi, a 48-year-old ceramic artist, transformed his pottery studio into a thriving business that generates over $6.6 million annually. His multitextured dinnerware is sold to restaurants and consumers worldwide. While collaborations with high-profile clients initially fueled the company's growth, Pandolfi pivoted to direct-to-consumer sales during the pandemic, now representing nearly half of the business's revenue.
Read more »