For many people, entrepreneurship is a gradual slide. What starts as a small project for a friend or a one-time order can quickly escalate to almost full-time status in a matter of weeks. Savvy individuals see these opportunities as a way to earn a bit of extra income or save for the future, but what if you want to take this little venture of yours and make it your only venture? Is it possible? Sure, people quit their “real jobs” every day to chase their dreams, but what about you? If you’ve been loving your side hustle more than your 9-to-5, you may be thinking it’s time….but, how?
Entrepreneurship is great, and there are many benefits to being your own boss. But if full-time status is your goal, it won’t be a cakewalk. Outside of the initial commitment, there are a few things that you must consider and have firmly in place as you prepare to transition if you wish to be successful:
- A vision
- A business plan
- Clearly defined goals
These three components will guide you in everyday decisions, keep you moving in the right direction and lay the foundation for your future success. Your vision serves as a roadmap, your business plan is your security blanket and your goals propel you forward, one step at a time. Be cautious and be smart, but don’t sit on your hands. If you’re ready, committed and prepared, do it anyway, even if you’re scared.
A side job or hobby can be great — you can make money, meet great people, do something you love and have fun, but what if that’s not quite enough anymore? It’s time to ask if your “little side business” has the potential to serve a far greater purpose in your life. It’s even possible that your side hustle could become your only hustle.
By Meagan Kerlin for Vertu Marketing LLC