These are my 5 steps to launch a profitable side hustle. The 5 steps are easy to remember, and make it simple to understand how to start a side hustle.
1. Experiment
This is what you’re doing before you can even think about starting. This phase includes coming up with your idea, thinking about your marketable skills, and making sure you choose to start a side hustle in alignment with your goals.
2. Foundation
Once you’ve experimented enough and discovered your idea, you can build your bare minimum foundation, which is a foundation good enough to let you start.
3. Validation
Once you have your foundation, you need to “ship” it as a solution to a problem. You’re in business if the market responds well!
4. Prioritization
You need to prioritize the right tasks if you want to succeed. The right tasks are the tasks that will help you achieve your goals efficiently. Set aside blocks of time to focus on your priorities.
5. Iteration
Once you’ve built your foundation, validated your idea, and prioritized the right tasks you can continue to improve and iterate. Iteration allows you to start without a perfect:
– Product
– Logo
– Mindset
– Business Plan
– Marketing Strategy
That’s my simple formula for starting a side hustle or business.
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