How to Turn Any Side Project or Hobby into a High-Paying Career
Working on side jobs and projects aside from one’s full-time job is not unheard of. In fact, more and more people are moving towards this kind of work setup whether to supplement their income or to eventually quit their regular job and strike out on their own. It’s totally possible for people to build up their current side interests into a potential six-figure career. Here’s how.
Start with a Good Business Idea
First, make sure that the business or money-making idea that one has can actually be profitable. These can certainly begin from a skill or service that a professional is already offering.
For example, graphic designers can use their skill set to create a freelancing business creating visual content for various clients. One could also build their own design company hiring other designers and taking on bigger projects for higher pay.
Another skill one can build a business on is writing. Good writers can easily earn a sizable income using their proficiency as a content or ghostwriter. Those interested in pursuing this track are advised to develop a strong writing portfolio to better attract clients.
Getting It Off the Ground
Of course, a profitable idea won’t be any good if it remains just that– an idea. It would take plenty of hard work to turn one’s vision into reality. Those determined to build and head their own company would benefit from putting together a team to help them get to their goal faster.
Entrepreneur Nicole Rollender shares her experience hiring a virtual accountant right as she set up her LLC. She ended up being given bad advice leading her to overpay on taxes. Rollender has since found the right accountant who understands the needs of small businesses. She also recommends hiring virtual assistants to take on various tasks and lessen one’s workload.
Once everything has been set up and one’s venture starts making money, the next order of business is deciding when to go full-time.
It’s certainly discouraged for a starting entrepreneur to immediately quit their day jobs, especially if they don’t have a clear vision and plan for the future.
Some of the questions business owners should ask themselves before taking the leap include whether or not their company is worth the risk or if they’re prepared to make the necessary sacrifices, both financial and personal, for their business.
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