If you’re reading this post, there is a high probability that you either run a side hustle with a day job or are interested in starting one. Likewise, we are willing to bet that you are currently employed in a different position. If we’ve guessed correctly, then you’re in luck – this blog post is for you!
Proper strategizing when it comes to your side hustle is paramount. Your growth not only depends on having the requisite skills, but also executing a solid strategy to balance the side hustle you love with the day job you depend on. Keep reading, and you’ll discover our 11 best strategies to crush your side hustle while excelling in your current position!
Set Specific Hours For Each Endeavor
Although the workday has officially ended, your side hustle day has truly just begun. Our best advice is to realistically define how many hours you will be able to allocate to “working after work.”
First, think about a typical day. Next, jot down the different ways you usually spend time after the 9 to 5. Do you have a family to attend to? What about a recreational sports league or community group? Be sure to write down anything that requires your time and attention. Lastly, create a schedule that outlines when you are free to work on your side hustle and how many hours you can dedicate to the additional work.
Having a set schedule will not only allow you to maintain focus during your day job, but will keep you free to enjoy the aspects of life that make life worth living.
Cut Out The Fluff! Look For Extra Time In Your Schedule to Balance Your Side Hustle with a Day Job
How much of your time is spent watching television, spinning your wheels in unstructured free time, or lounging around without a set plan? If you take the time to map out your day, you might be surprised with what you find.
Our advice? Cut out the fluff! You may discover more wasted time in your schedule than you realize. Before you begin cutting out hours and hours of personal time, we would like to provide a word of caution: make sure you are leaving an hour or two in your schedule for relaxation. Side hustles can be demanding, both mentally and physically. We will discuss burnout later in the post, but by having dedicated relaxation periods, you can avoid this costly and taxing risk.
Brainstorm a Long Term Plan
Where do you see your side hustle in the next year? What distractions are limiting you from accomplishing your goals? Are you preventing yourself from dreaming big because of self-doubt, societal noise, or external perceived limitations?
A long term plan can help. The truth is, your long term goals do not need to be tackled in one fell swoop. By making the executive decision to break up your overarching vision into smaller, more manageable chunks, you will reshape both the way forward and the perceived obstacles that once served as mental blocks. Start planning today by dividing and conquering your most pivotal tasks!
Your Employer is Not Your Competition
For years, you’ve been supported and appreciated in your current position (we hope). Now is not the time to begin allowing your side hustle to take away from your day job.
We strongly advise that you maintain a consistent and high-caliber work ethic at the office, job site, or firm where you work. Doing so will not only maintain the network you’ve worked so hard to build, but preserve your reputation as a hardworking individual. A great reputation is critical to growing a great side hustle, which is part of the reason why you should not consider your employer to be your competition.
Hone Your Skills
You are a talented individual. What skills have you gained from your day job that can crossover into your side hustle? Likewise, what newfound abilities has your side hustle given you that will boost productivity at work?
Monetization is key. Whether your day job has taught you copywriting, resume editing, graphic design, or tax preparation, you have a skillset that could be worth significant Benjamins to the right buyer.
Consider sharpening your skills through online courses, seminars, and conferences – and never underestimate the value of the work you are able to produce!
Comply With the Rules and Regulations of Your Employer
Have you read your company-employee handbook in full? What documents did you sign after first starting that may limit your ability to own and operate a side hustle? An honest look at employers nationwide reveals that contracts are more frequently including limitation clauses on external projects.
Before you continue the press with your side hustle, be sure to review the relevant contracts. The last obstacle you need in your path is a court case for failing to adhere to a non-compete clause.
Avoid Burnout At All Costs
Earlier in the blog, we alluded to burnout. Occurring over the course of weeks, months, and even years, burnout is a gradual process that leads to disinterest, detachment, and exhaustion. Worse yet, burnout can have physical side effects like fatigue, negativity, and (in some cases) even depression.
Avoiding burnout requires deep self reflection and strategic break periods. You love your side hustle, can work for hours without distraction, and feel rewarded by each and every finished product. Don’t let burnout stop you in your tracks!
Automate, Track, and Organize
Use your resources. With automated tools, accounting systems, and separate bank accounts, you can stay organized to prevent the administrative burden of a side hustle from crippling your operation.
Our best advice is to use online programs like social media post schedulers, time tracking tools, and editing software. Next, ensure you have straightforward accounting practices in place early. Tax software, virtual accounting programs, and spending trackers are all excellent resources that are becoming more and more affordable by the day. Additionally, consider using photo editing software, grammar-correction integrations, and video editing programs to stay organized. Lastly, ensure that your personal bank account is separate from your side hustle bank account to keep spending in line. Using the resources listed above will be instrumental to your success.
Set S.M.A.R.T. Goals
By setting specific, measurable, attainable, realistic, and time-bound goals, you can stay organized and plan out your weekly, monthly, and yearly progress. This section goes hand in hand with our third bullet, brainstorming a long term plan.
Rome wasn’t built in a day. Neither is a great side hustle. If you’re planning to grow your side hustle into a sustainable source of income that may even replace your day job, you’ll need a winning goal-set!
Outsource and Ask For Help
Too often, we fail to admit that we are not the proverbial one person show. Many side hustlers want to cut costs through DIY-ing any and all activities. But what if attempting to do everything yourself is costing you money?
Our best advice is to outsource the tasks that do not coincide with your skillset. By doing so, you will save valuable time for the activities that generate the most cash flow for your side hustle. Additionally, you will prevent burnout that could damper your day, job productivity, and at home life. Bottom line: don’t be afraid to reach out for a helping hand.
Love What You Do
Between your day job and your side hustle, you should love what you are doing! We truly saved the best for last with this bullet. If you are allocating hours of your day to an activity, you should ensure that you are doing what you love.
We only have so much family time, so many chorus concerts, and so many baseball games to enjoy with our family. Be sure that any amount of time not spent at the places you love with the people who matter most is enjoyable, at the very minimum.
Never settle for anything less than fulfillment!
Achieving balance between your day job and your side hustle is no easy task. We hope that you have gained valuable insight through our post, and are looking forward to the questions and comments you may have! As always, don’t be a stranger – we’d love to hear from you! Thank you for reading, and good luck!