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Infographic: How to Grow Your Side Hustle into a Successful Business

If you’ve been running a side hustle for a little while, you’ll know how rewarding it can be to make a bit of extra cash on the side doing something you love. So just imagine how good it would feel to say that’s how you make your entire living.

It may be a bit premature to throw in the towel at your day job, but if you’re serious about becoming a master of your own destiny then it’s never too soon to create a long-term action plan that will elevate your side-hustle into a full-time concern.

Apply the 80/20 rule

There are only so many hours in the day, so you can begin by making your operation more efficient. The 80/20 rule suggests that 80% of our results come from just 20% of our work – and even if that can only be a rough estimate, it’s still worth figuring out which elements of your routine have the most impact and prioritizing those.

Expand your network

A big part of expanding your business is about expanding your network. You’re probably not ready to take on any employees, but if there are tasks that need doing which are beyond your skill set or your available time, think about contracting them out. For example, you might hire a freelance digital assistant to do your online marketing, or at least to keep your Twitter and Facebook page active.

Networking also means becoming part of the local and industry community. These people will become your collaborators: sharing ideas, advice, and perhaps even costs and floor space. The more you put in, the more you will get out.

Create SMART goals

With specific, measurable, achievable, relevant and timely (SMART) short-term goals, distant dreams become achievable in increments. The only thing standing in your way is the need to restructure your operation and organize yourself.

For further tips on how to make this happen, run through this new infographic from QuidCorner and take the next step on what may become the most fulfilling journey of your professional life.

Thinking of hiring a career coach to help you turn your side hustle into a successful business? Browse our directory of career coaches and get a FREE consultation or request a personalized coach recommendation!

Infographic: How-to-Grow-Your-Side-Hustle-Into-a-Successful-Business

 

About the Author John Cole

John is a digital nomad and freelance writer. Specialising in leadership, digital media and personal growth, his passions include world cinema and biscuits. A native Englishman, he is always on the move, but can most commonly be spotted in Norway, the UK and the Balkans. Connect with him on LinkedIn.

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