A new hustle as a young entrepreneur and digital nomad

Welcome to the first edition of Thursday Thoughts of 2023, the newsletter for a young entrepreneur and digital nomad. Each week, we’ll be sharing insights, tips, and strategies to help you grow your business and achieve your goals.

This week, we’re going to talk about the benefits of starting a side hustle.

Many successful entrepreneurs started their first business by working on a side project in their spare time. Starting a side hustle can be a great way to test out new ideas, gain valuable experience, and earn some extra income. 

Here are a few benefits of starting a side hustle:

•     Flexibility: A side hustle allows you to work on your own terms. You can choose when and where you work, and how much time you devote to your project. This can be especially appealing for young entrepreneurs who may not have the freedom to quit their day job and start a business full-time.

•     Experience: Working on a side hustle can give you valuable experience and skills that you can use in your future endeavours. Whether you’re working on a creative project, developing a new product, or providing a service, you’ll be learning new things and building your resume along the way.

•     Income: A side hustle can provide a source of additional income, which can be especially helpful if you’re just starting out in your career or if you’re looking for ways to supplement your existing income.

•     Networking: Working on a side hustle can also give you the opportunity to connect with other like-minded individuals and expand your business network. You never know who you might meet or what opportunities may come your way.

Here are some additional ideas and tips to help you get started with your side hustle:

•     Start small: You don’t have to start a side hustle with a grand plan or a fully-fledged business idea. In fact, it’s often better to start small and test out your idea before committing too much time and resources. You can start by offering a single product or service, or by working on a small project in your spare time.

•     Find your niche: What are you passionate about? What skills and experience do you have that you could use to help others? Finding your niche is key to building a successful side hustle. Whether you’re providing a service or selling a product, focus on what makes you unique and different from your competitors.

•     Use your resources wisely: When you’re starting a side hustle, you’re likely working with limited resources. That’s why it’s important to be strategic about how you use your time, money, and energy. Look for ways to get started for as little money as possible, and focus on activities that will provide the biggest return on your investment.

•     Be consistent: Building a successful side hustle takes time and effort. It’s important to be consistent and persistent in your efforts. This means setting goals, creating a schedule, and following through on your commitments. It may take some trial and error to find what works best for you, but with consistency and dedication, you’ll be well on your way to building a successful side hustle.

•     Market yourself: No matter how good your product or service is, it won’t sell itself. You need to get the word out about your side hustle, and there are many ways to do this. You can use social media, networking events, and online platforms like Etsy or eBay or even some other distribution platform like Podia if you are selling a course to reach potential customers. It’s also a good idea to create a website or blog to showcase your work and provide information about your business.

Each of these ideas deserves a lot more attention so we will develop them in more detail over the coming weeks, so make sure to follow the series.

Starting a side hustle can be a rewarding and exciting experience. It’s a great way to test out new ideas, gain valuable experience, and earn some extra income. Whether you’re looking to start a full-time business or just want to work on something on the side, a side hustle can be a great way to pursue your passions and achieve your goals. So, don’t be afraid to take the plunge and start building your own side hustle today!

So, if you’re thinking about starting a side hustle, don’t be afraid to take the plunge!
It could be the start of something great.

Thanks for reading this week’s edition of Thursday Thoughts. If you enjoyed this newsletter, please share it with your friends and colleagues. You never know who has big dreams waiting to become a reality.

We’ll be back next week with more insights and tips for young entrepreneurs and digital nomads.

See you next week.

We talk more about this in our Leadership Destiny group where leaders share their experiences in view to constantly improve and grow as a result.

Keep going, keep growing,

John Higham

BlueHAT.coach