Will an extra $30K to $75K on top of what you are currently earning change your life a little bit?
Go From Being Laid off to a Highly Successful and Profitable Business Owner
What if you could take the entire month off while earning more than you ever could from a “normal” job?
In fact, what if you could do it in any economy without any stress or worry?
Imagine having the freedom to live your best life.
What’s the first thing you’d do?
Would you travel through Europe and stay at 5-star hotels? Pay off all your debt? Spend afternoons at the park with friends?
If you ask me, I love doing all those things.
But there’s something about spending guilt-free time with my family that lights me up.
Whether you want to treat yourself to the finer things in life or hang out with people you love and not worry about money again…
Our MKS Master Key System Coaching Program shows you how to make that a reality. You can get started risk free if you contact us.
If you want to start a new business that can thrive in any economy, then this is a must-do.
Because there’s a giant mistake almost ALL entrepreneurs make.
It’s why they are stuck working IN their job or business instead of ON it.
So, they bust their butts 50+ hours a week…
Miss out on time with friends and family…
Yet can’t seem to get to that next level of income.
The MKS Master Key System Coaching Program helps you avoid that trap. And it even shows you Proven Power Principles to become a millionaire in under 3-5 years.
It doesn’t matter if you’re 70 years old, working full-time, and have zero business experience.
Even if you’re doubting yourself or worried about what’s going on…
This coaching can change the way you look at making money forever. And it shows you proven ways to rapidly ramp up your earnings—starting today.
That last claim is a big one.
Doubt it’s true?
Then join us today to see for yourself how it’s possible.
We’ll show you how everyday people turned simple ideas into millions within a few short years. Especially if the economy looks scary.
You’ll see what they did and how you can get those same results.
It doesn’t matter what you do for a living. ONE idea can add thousands to your income… And turn you into a millionaire within 3-5 years.
Contact us to get a Free Discovery Session to see if this is a right fit for you.
Here’s what we’ll cover:
What 85% of the population does that almost guarantees they’ll never be rich.
Proven “Power Principles” to create financial abundance (even if you’re living paycheck to paycheck)
The “brain surgeon” secret to significantly boosting your income
How to use “lag time” to get rich off this proven idea without risk
The “piggybacking” technique to instantly get rich in the new global economy (see how people turn $100 into $30-$75K+ in extra income annually using this)
The “cookie-cutter” secret to double, triple, even quadruple your income
One question to ask yourself to earn more in 3 months than you did last year
Proven ways to rapidly raise your income while slashing work hours (these work for business owners, service providers, and even employees)
What to do now to live with confidence, inner peace, and financial abundance
The proven strategy to win at business before you even start! (Skip the pain, struggle, and poverty most entrepreneurs face by doing this one thing)
Read this Special Report and learn why professionals with high positions in hugh companies like NGCP or NetApp or… would decide to start a side hustle and build it to large business.
We have always believed that thoughts and ideas are our most powerful possessions. For an idea can change the way we look at the world and the way we think. And, it can also improve every area of our life – career, relationships, personal wealth, and self-confidence.
Powerful ideas are at the very heart of success and are the driving force behind everything we do at the Reitenbach-Kissinger Institute. We are the world leader in self-development, career-business development, financial and wealth development and it is our aim to help you reach your highest and most desired destination.
Start now to lay the foundation to a great new year, new life and your own business. All it takes is reviewing this article, joining us and taking the recommended actions.
93% of Working Americans Have A Side Hustle to add an extra $30K to $75K on top of what they are currently earning
A new survey reveals that 93% of working Americans also work a side gig to make extra cash – Insuranks.com. Average monthly income from a side hustle is $596 a month for men and $378 a month for women – Insuranks.com.
Men are Earning More with their Side Hustles
In addition to being less reliant on their side gig income, men are earning almost triple the average income compared to their female counterparts.
|THE GENDER DIVIDE: SIDE HUSTLES|
|AVG. INCOME||USING INCOME TO BOOST SAVINGS||NEED INCOME FOR LIVING EXPENSES|
The median incomes for each group are much smaller but follow the same trend. For women, the median side gig monthly income is $250, and for men it was $500.
Investing extra hours outside of work seems to be paying off. The average monthly income from a side hustle is $483 (or almost $6,000 a year). This differs between men and women, with men earning an average of $596 every month and women earning $378 every month – Insuranks.com.
Side Hustles may be More than Just a Source of Extra Income
They also may be an extra source of joy. 90% say they enjoy their side hustle, and 49% would quit their full-time job if they made enough money from their side hustle. In fact, 41% like their side hustle more than their full-time job.
Working Americans are dedicating an extra 13 hours per week on average to their side hustle. That’s an average hourly wage of $37. 35% have worked a side hustle for more than three years.
20% have worked their side hustle for two years, and 16% have worked their side hustle for over one year. 26% have had their side hustle for less than a year. according to survey from Insuranks, a small-business insurance marketplace.
|GENERATIONAL TRENDS: WHO’S EARNING?|
|% WORKING A SIDE JOB||MEDIAN INCOME||NEED INCOME FOR LIVING EXPENSES|
|Gen Z (age 18-25)||34%||$200||32%|
|Millennials (age 26-41)||38%||$400||46%|
|Younger millennials (age 26-32)||43%||$400||39%|
|Older millennials (age 33-41)||34%||$250||53%|
|Gen X (age 42-57)||33%||$400||40%|
|Baby Boomers (age 58-76)||21%||$500||40%|
Some 44% of Americans are working at least one extra job to make ends meet each month, according to survey from Insuranks, a small-business insurance marketplace.
An additional 28% said that they took on a secondary gig due to inflation — the highest the U.S. has experienced in 40 years — driving up costs.
More than 70 million Americans have a side hustle—otherwise known as a supplementary income source. That’s approximately 45% of the working population.
And of that group, nearly 30% of Baby Boomers (ages 57 to 75) and 40% of Gen X (ages 41 to 56) have a side hustle, proving that it’s never too late to jump into a new venture.
For many Americans, a side hustle is no longer a nice-to-have; it’s a must-have to deal with inflation and other financial challenges.
A recent survey from Bankrate found that 41% of those who have a side hustle say they need the money for living expenses, an increase of 10 percentage points from 2019.
- Older millennials stand out — 53 percent of older millennials (age 33-41) who have side hustles need the extra money to pay for living expenses (compared with 41 percent of all side hustlers).
- Women are more likely to depend on side hustle income — 48 percent of women use most of their side hustle income for living expenses (compared with 33 percent of men)
- Also, men are about twice as likely as women to use their side hustle income for savings or debt payoff.
- Gen Z uses side hustle income for fun — At 42 percent, Gen Z side hustlers are the only generation to say they mostly use their side hustle money for disposable income.
- Many Republicans are side hustling to combat inflation — 47 percent of Republicans, 33 percent of Democrats, and 32 percent of independents are increasing their side hustle commitments due to high inflation.
With whispers of a forthcoming recession getting louder every day, many people who have their eye on attaining financial independence are leaning into an additional streams of income that has low startup costs, such as a side hustle or small business, to make it all work.
STEP 1: CREATE A SIDE HUSTLE TO ADD AN EXTRA $30K to $75K On Top of What You are Currently Earning
Going from Having a Successful to Side Hustle to Highly Profitable Solopreneur
Starting a side hustle has many benefits, from earning extra income to developing new skills. It can lead to becoming a solopreneur and even quitting your day job. Regardless of your type of side hustle and stage of the business, there is a lot to know before taking the plunge into making it your full-time gig.
Nearly 30% of Baby Boomers (ages 57 to 75) and 40% of Gen X (ages 41 to 56) have a side hustle, proving that it’s never too late to jump into a new venture.
Starting a side hustle has many benefits,
from earning extra income to developing new skills. It can lead to becoming a solopreneur and even quitting your day job. Regardless of your type of side hustle and stage of the business, there is a lot to know before taking the plunge into making it your full-time gig.
So how do you transition your side hustle into a full time profitable business?
Start with a FREE Discovery Session where you’ll learn:
- The differences between having a side hustle and becoming a solopreneur
- How to plan for solopreneurship
- Knowing the market
- Understanding your finances
- Hiring contractors
- And much more
Is it too late for you?
Are you 28 years old and haven’t started saving or investing?It is not too late?
We hate to be the bearer of bad news but, if your goal is to retire in your 20s like some of the people out there, you are sadly too late
Joking aside…Why would it ever be too late to start saving or investing?
We Googled top inspirational quotes and “The best time to plant a tree was 20 years ago. The second best time is now. –Chinese Proverb” appeared.
65 – 28 = 37 years. It is a long time!
According to retirement calculator you need to save ‘only’ 20% of your income to retire after 37 years, assuming 5% real return.
Our honest advice is “Don’t put all your eggs in one basket” so you should start building passive income streams now, right now, so:
Back in the day, you used to only have access to purchase individual stocks, by calling your broker on the phone and paying a large fee. It probably had a minimum too.
Now you can diversify across thousands of companies with the click of a mouse for free, so, you don’t have to know all the investing terminology or have a five-year market forecast in order to begin investing.
Further reading: How to Start Investing Without Knowing Anything About the Stock Market
We recommend you start an Amway side hustle.
In our opinion Amway is still one of the greatest opportunities on earth. What’s great about Amway? Amway is well known in the network business. They have one of the most successful product lines.
Amway has a great support program, good motivation programs and seminars. Amway is a direct-selling company that produces high-quality, in-demand products and has sold them through independent representatives known as “Amway Business Owners” since 1959.
Amway is a direct-selling company that produces high-quality, in-demand products and has sold them through independent representatives known as “Amway Business Owners” since 1959.
There are some misconceptions about the Amway business.
Here are 10 facts to set the record straight:
Amway is a business that takes effort and time to get going. It’s not a “get rich quick scheme”.
Most Amway Business Owners work on their business part time for supplemental income, but some are able with dedication over time, to develop it into more.
Amway is not for everyone, and it is OK with that.
Amway Business Owners only earn income when products are sold. They earn nothing from the mere act of sponsoring.
Amway has paid our business owners more than $63.8 Billion (US), and growing, since opening in 1959.
Amway is the #1 direct selling company in the world with 2019 sales over $8.4 Billion (US).
If you start an Amway business, the amount of money you make depends on your effort and performance.
It offers free training sessions to business owners every year.
There are no quotas or purchase requirements, but make no mistake: to make money, products must be sold.
It offers a 180-day (6 months!) satisfaction guarantee on most Amway products.
It is a company dedicated to helping people live healthier, more empowered lives through our products and the opportunity to start one’s own business.
Because the business model is often misunderstood and its products are not found in stores, this can sometimes lead to false assumptions about us.
Interested? contact us.
Sydney or Michael
A Amway side hustle may not be the best way to earn $30K to $70K more annually for you
If your goal is to make more money, a side hustle might not always make the most sense.
If your main job is in a high-paying profession, it may be a better use of your time to go for a promotion or consult within your area of expertise instead of launching a side gig that’s entirely different.
Choose whatever is the most time-efficient and energy- and spirit-efficient way of earning more.
Where you are in life should also factor into your decision to start a side hustle. For example, if you’re a college student, you may have more time to devote to a potential side gig than if you’re trying to start a family.
It’s important to consider the amount of time and effort launching a business will take versus the potential payoff.
What are you going to have to put into it to get a return, and does that make sense for you from a financial standpoint?.
Four Steps To Planning Your Side-Hustle Assignment
Maybe the writing is on the wall at your workplace, and being laid off is a possibility. Or maybe you want extra income, along with freedom and flexibility to fill the gap of whatever is missing in your Work Life.
Step One: Maybe you already have a side hustle idea — it could be connected to your work or an interest outside of your work. Or maybe you don’t yet have an idea. So you pay attention to conversations with colleagues, friends and family — as with Joey, an idea that peaks your interest is all you need to get you started on your track to exploring it further.
Step Two: Take the time you need to begin to action your idea. It’s likely you won’t have three months to focus on it as Joey did. It’s also likely that you can carve out 30 mins to one hour daily to work on it. It’s all about consistency, and you’ll be pleasantly surprised how all those short sprints of time add up over time.
Step Three: It’s important to test your idea as soon as you have a good enough prototype — whatever your version of Joey’s short How To e-book is.
Step Four: Learn everything you can about whatever your version of Joey’s Amazon marketing platform is. Follow through on whatever that is.
These four steps will enable you to come up with an idea, develop it into a working prototype and test it out. Each step requires simple planning to get to the next step. Each step will inform you of the planning needed for the next step.
Consider a side hustle as a career pivot
On the other hand, if you’re in an industry or occupation where there isn’t a whole lot of financial upside, a side hustle could be an efficient route to earning more.
At the end of the day, ultimately what matters is the size of the gap between how much you earn and how much you spend. One way of increasing that is to bring in extra income, especially if you don’t want to cut spending.
A side hustle may also make sense if you’re unhappy in your job and think the gig could become a full-time business.
There’s the common mantra of you can potentially be rich working for someone else, but you may not necessarily be wealthy working for someone else.
STEP 2: BECOME A SOLOPRENEUR TO EARN AN EXTRA $30K to $75K On Top of What You are Currently Earning
Going from Solopreneur to Highly Successful and Profitable Business Owner
: Who Is a Solopreneur?
A solopreneur is an individual who owns, manages and runs a venture independently without the support of co-founders, partners, and employees, taking on greater than normal financial risks in order to do so.
Solopreneurs prefers to work alone and handle all key business functions.
Solopreneurs are generally technicians (such as writers, designers, attorneys, creatives, consultants or tradespeople) who enjoy performing the tasks in their business. An entrepreneur sees their job as creating systems and processes, so that they can hire employees and delegate the tasks of the business. Doing the work.
: What is an Entrepreneur
An entrepreneur is a business owner who creates and runs a company with a team of other professionals. Entrepreneurs typically have connections in a specific industry or have excellent leadership skills and innovation and translate those traits into a business.
Entrepreneurs typically structure their businesses around teams, opting for a limited liability company (LLC), incorporated enterprise (Inc.), or another legal title that creates a team-oriented business structure.
: Solopreneur vs. Entrepreneur
While solopreneurs and entrepreneurs have similar functions in their companies, there are some key differences to remember. Here are a few examples of differences between solopreneurs and entrepreneurs:
: Company roles and skill sets
One of the primary differences between these two career paths is the role these business owners have in the company.
Solopreneurs are both the founders and sole employees of their companies. Entrepreneurs are team leaders or members of an executive group, where they typically serve as their company’s chief executive officer (CEO).
Because these roles come with different responsibilities, solopreneurs and entrepreneurs may develop skills to help them succeed.
To run their company more effectively, solopreneurs might need to focus on personal and professional development. For example, a solopreneur may want to sharpen their financial management, negotiation and problem-solving skills. Meanwhile, entrepreneurs may dedicate time to developing in the areas of leadership and project planning, and also focus on teamwork and collaboration skills.
: Expanding Operations
Entrepreneurs typically look to expand the company exponentially, hoping to increase profits, brand awareness and market reach. This can mean hiring more employees or adding new locations.
While solopreneurs also want their companies to grow and become more profitable, they’re typically more limited in how much growth they can maintain alone. As their company grows, a solopreneur might need to hire contractors to fill skills gaps or scale back operations so they can remain the company’s sole employee.
: Financial Management
Another area where entrepreneurs and solopreneurs can differ is financial management. This requires specific skills such as money management, cost analysis, rational spending and saving habits and even investment knowledge.
Where a solopreneur handles all the company’s finances, an entrepreneur may act as the company’s chief financial officer (CFO) or have someone else manage the finances. Because solopreneurs are directly engaged in financial management, a solopreneur may have a better understanding of managing the company’s money to maximize profits.
: Here are a few common benefits of being a solopreneur
Flexibility in scheduling
Solopreneurs typically work at their own pace and create their own schedule. This may help them have more control over both their productivity and their free time. The flexibility of solopreneurship can also help provide time for someone interested in continuing their education, such as pursuing a higher degree or certifications.
Freedom to pursue their ideas
Solopreneurs have complete creative control over their ideas, projects and products or services. They typically have the advantage of not needing approval from a board of directors or company shareholders. Unless they have initial investors during their business’s beginning phases, solopreneurs can take more risks without securing permission from other parties.
No team management
Solopreneurship can be an excellent opportunity for people who want to own a business without managing other people. Some people prefer working without the responsibility of managing, developing and supporting employees. This can allow solopreneurs to save labor, benefits and other costs associated with hiring a full- or part-time staff.
More personal profits
Owning a business as a solopreneur can mean keeping more of your company’s profits for yourself. More profits can mean more opportunities to improve your quality of life or invest in other passion projects. For example, you can pursue personal development, such as furthering your education or skill set or even begin a second business.
: How to become a solopreneur consider following these steps:
- Decide on your niche
First, determine the products and services you want to offer and in which market. Focus on one or more of your target market’s pain points or challenges that create a need for your products or services.
During this phase, you can identify the values you want to represent, which industry you might fit in and what competitors are in your market. You can also use this information to determine the best name for your company.
2. Perform market and business research
Next, start researching the target market for your company. Consider what products or services are getting customers’ attention, how competitors are marketing their products and what standard pricing is for products or services similar to your own.
You can also research any requirements for starting your business, such as documents you may need to file or whether you need legal help to begin.
3. Determine your business goals and structure
As a solopreneur, you can structure your business as a sole proprietorship, meaning you’re the only person who owns and manages the business.
If you expect to add people to your company in the future, you might also file for an LLC or Inc. license. LLCs are a more flexible option for solopreneurs, since an incorporated business’s structure typically has a team of people.
You might consider your company goals, both short and long term, to provide an idea of how you expect the company to grow.
Here are some examples of common business goals:
· Increase revenue: There are many strategies to help you increase your revenue. For example, you may decide to improve your brand awareness through marketing campaigns and customer feedback, which can lead to higher sales.
· Improve the sales funnel: The sales funnel is the pathway for your target consumers to become paying customers. With methods like communicating more frequently with potential customers and offering promotions, you may convert more people into customers.
· Innovate the industry: Creating unique products and services can differentiate your brand and attract the attention of customers and industry experts. Consider making products that cater to a niche audience and use technology to create better-quality items.
- Submit your documents
Once you’ve determined your ideal industry, business structure and target market, begin gathering and submitting documents. These can include your articles of organization, sales tax application and application for a business license.
You can check government and tax guidelines for business formation in your state and use resources like the Small Business Administration for information on funding, forms and the business development process.
You might double-check your documents, fees and filings to ensure you’ve completed everything you need.
- Begin business operations
After submitting your documents and getting any necessary approvals, you can begin business operations. It’s important to stay focused on the goals you set earlier as you run your company. However, you can be open to change as the market evolves or new information develops.
For example, if you set a goal of having 100 clients in your first year but you have a client who can provide several long-term projects, you may rethink your goals. Rather than focusing on new clients, you may decide that maintaining relationships and offering high-quality products or services is a better aim.
Being a Solo Entrepreneur
Solo entrepreneurship gives you the benefits of being your own boss, without the draining demands of managing a full-scale company. Solopreneurs who fly 100% solo don’t need to worry about benefits, payroll, and payroll taxes. They don’t need to worry about their profit margins after all the overhead is paid.
Why do so many Solopreneurs fly solo?
Which is one of the biggest reasons that solopreneurs exist. Solo entrepreneurship gives you the benefits of being your own boss, without the draining demands of managing a full-scale company. Solopreneurs who fly 100% solo don’t need to worry about benefits, payroll, and payroll taxes.
What skills do you need to be a solopreneur?
To be a successful solopreneur, you’ll need to have some business savvy. You’ll also need to be good at what you do. Start with the knowledge and skills that you already have.
STEP 3: BECOME A LEGAL AND HIGHLY PROFITABLE BUSINESS OWNER EARNING AN EXTRA $30K to $75K+ On Top of What You are Currently Earning
Tips to Becoming a Legal, Successful, and Highly Profitable Business
#1 Establish a Legal Business and Open a Business Bank Account
How are you currently managing the profit you make from your side hustle? Are you bringing in extra cash on a regular basis or is the money giving you a little boost to your income from your day job?
If you’re accepting a hodgepodge of Venmo, PayPal, and cash payments, you may not have a clear sense of how much you’ve made-not to mention how much you owe in taxes.
Before you go any further with your side hustle idea, take steps to separate your business finances from your personal finances.
- Choose whether to operate as a sole proprietorship, Limited Liability Corporation, or a partnership (if you have a business partner).
- Register with your state to receive an Employer Identification Number (EIN).
- Open a separate business bank account with your current bank, or use a free online business banking solution like Azlo.
Once you start depositing payments and paying for expenses from your business bank account, you’ll have a clearer picture of your actual profits and your actual tax liability.
#2 Research Your Market
According to Harvard Business Review, the biggest predictor of a business’s success is how well its leadership understands its long-term market. If you’re sewing face masks at home, are you sure you’ll have a market in two years, or in five?
Make sure you answer the following questions:
- Who is your target market? Can your potential customers afford your product or services?
- Who is your competition? How does your business compare to others? What’s unique about your offerings?
- Does your business have the potential to keep growing after the end of the COVID-19 pandemic?
Once you’re confident that your business can grow and thrive over the long term, it’s time to start envisioning how.
#3 Take Steps to Scale
Many people still have a full-time job and do their side hustle as a way to increase their earning potential. No matter your side hustle, it’s important to know what steps you’ll need to take to grow. Maybe you’ve turned your baking hobby into a business and have outgrown your apartment kitchen.
Or maybe you need to hire assistance for your growing screen printing hustle. As a business owner, make sure you have a clear vision of what you need to do to scale your business, even if you have a full-time job.
If you want to meet your financial goals as a freelance graphic designer, baker, online tutor, or whatever it may be, you need to have a clear pathway on how you are going to attract customers, promote your business, and make an income.
What steps will you need to take to scale? Common requirements include:
- Commercial space to produce and store items or see a higher volume of customers
- Upgraded machinery and equipment
- Hired staff and crew
As you scale up your side hustle job, it’s important to start small-if you hire a large crew and rent out a new space before you’ve built up your customer base, you may not have the finances to cover your recurring expenses.
That’s why it’s commonly recommended to create a thorough business plan once you’ve made the decision to start your own business.
#4 Create a Business Plan
Even if you’re still working another job while continuing to grow your side hustle, you may be wondering if you’ll be able to turn it into something you can do full time.
This answer all depends on when you’ll have enough profits to sustain yourself. Your business plan clues you to that very important when. So what should a business plan include?
- A business name
- Description of the target market
- Competitor analysis
- Cost analysis, including:
- Material costs
- Registration and startup costs
- Space rental
- Pricing plan for products and services
- Estimated volume and profit for each month of operation
- Break-even point based on your anticipated costs and profits
Laying a strong foundation will help you set realistic expectations and attract potential investors with your side business.
#5 Seek Financing
Starting a business can be expensive. Luckily, there are options for small businesses looking to get their start. A strong business plan can help you secure startup capital from the following funding streams:
- Bank loans for small businesses
- Small Business Administration loans
- State and local grants
- Crowdfunding platforms like GoFundMe
Once you have enough funding to begin growing your business, it’s time to dive in!
#6 Embrace eCommerce Tools
Whether you’re offering in-person services or selling products online, eCommerce marketing is essential to your success. As customers spend more time at home, you need to connect with them where they are.
To this end, take the following steps:
- Create a website and eCommerce store so that customers can purchase products, services, and gift certificates.
- If relevant, you can use eCommerce tools to market your products on different platforms including Etsy, Amazon, and eBay. Be sure to use tools to keep track of your inventory and tax liability.
- Establish a newsletter to connect with your customers and inform them of sales and promotions.
- Create business pages on social media platforms and regularly engage with customers.
- Use analytics tools to track the success of your efforts and understand how customers most often discover your business.
#7 Connect With Your Community on Nextdoor
Many small business owners get into entrepreneurship because they love connecting with people-not with data sets. Luckily, there are virtual ways to make personal connections like with Nextdoor. It’s easy and free to create a Business Page on Nextdoor, where locals that live nearby can discover your business.
On Nextdoor, you can:
- Customize – Personalize your Business Page by adding photos, providing information about your unique story, products, and services, along with a link to your website.
- Engage – Use free Business Posts to interact with potential customers and other small business owners alike and crowdsource customer feedback for new ideas and ask questions
- Promote – Local Deals allow you to create sales specifically for your nearby community on Nextdoor. With neighborhood targeting, you can customize your budget to advertise in specific neighborhoods up to a ten-mile radius.
- Connect – Become a Neighborhood Sponsor to reach neighbors in your target ZIP codes and establish yourself as the go-to expert in your field.
The more you connect with your neighbors online, the more word-of-mouth about your new business will spread.
#8 Anticipate Risks
As a small business owner, you take on legal liability, even for a side gig.
When you’re filled with excitement about your new side hustle, lawsuits are the last thing on your mind.
But accidents and mistakes happen. For example:
- If you sell a faulty product, your customers could sue you
- If someone slips and falls in your place of business, you could be liable
- You may be legally required to cover employees with workers’ compensation insurance
To make sure your business is protected from these kinds of risks, research local and state laws about mandatory business insurance. In addition to any required coverage, consider a Business Owner’s Policy, which usually contains several helpful kinds of insurance coverage.
#9 Be Prepared to Pivot
As someone with a current side hustle, you already understand the art of the pivot.
In addition, the COVID-19 pandemic has proven that flexible, adaptable small businesses are the most likely to succeed. In recent months, we’ve seen restaurants start selling groceries, yoga studios start teaching online, and distilleries start making hand sanitizer.
While no one can predict the future, it’s helpful to be ready with a Plan B, and even a Plan C.
Your small business doesn’t need to do it all right out of the gate. But it is prudent to have a few ideas for how you could use your skills and experience to offer a different product or service, should the need arise.
#10 Find Joy
Owning a small business certainly comes with pressure. While it’s great to make an extra income, you also want to love what you do. As you begin to grow your side hustle into your full-time job, you’ll find yourself taking on multiple new roles:
- Amateur accountant
- Customer service specialist
If it takes some time to get your new venture off the ground, you might find yourself dealing with a little bit of impatience and stress, too.
When obstacles inevitably arise, the most important thing you can do is reconnect with the passion that inspired your side hustle in the first place.
If it’s been a few weeks or months since you personally delivered a package, answered a customer service inquiry, or otherwise got your hands dirty, consider getting back in there and connecting with the activity you love. Soon enough, you’ll remember why this career transition is worth it. Then, you’ll have the energy and patience you need to keep pushing full steam ahead.
Keep on Hustling
If you already have a side hustle, you likely have the talent and drive to turn your side gig into your full-time job. While the road to success may seem long, there are tried-and-true strategies for establishing a successful small business. And when you contribute to your community, you may find it easy to get buy-ins from neighbors who want to support businesses like yours.
Just remember, on the road to success:
- Survey the market and create a business plan
- Establish a legal business and protect it from liability
- Secure the startup capital to get started
- Market your business
Whether you start side hustling as your main job or you have one for your free time, earning extra money through a project you’re interested in is always a great idea. Plus, when you own your own business you have more freedom overall. When in doubt, return to what inspired you in the first place. With time, that first spark of interest can turn into a bright, thriving future as an entrepreneur.
STEP 4: JOIN US TO EARN AN EXTRA $30K to $75K+ ON TOP OF WHAT YOU ARE CURRENTLY EARNING
How We Work to With You For Your Life, Career, or Business Success
30+ Years of Experience Helping Businesses Across America Earn an Extra $30 to $75K+ While Eliminating Nightmares in All Aspects of Business
Step 1: 30 Min Call (FREE)
- Call us for a free 30-min consultation.
- Discuss your business issues and get expert feedback to address your problems.
- If your business is a good fit we will invite you to proceed to step 2.
Step 2: Strategy Session Call (FREE)
- We will develop a specific action plan for your business or nightmare.
- We will create business strategies to address your problems.
- We will develop a financial model of what your business will look like if you apply these strategies.
Step 3: Coaching Program (PAID)
- You will meet with your coach one-on-one, in person or by video conference.
- Sessions are 1 hr. every week during the planning phase.
- Sessions are 1 hr. every other week during the execution phase.
CONTACT MICHAEL KISSINGER TO HELP YOU- Phone: 650-515-7545
Coaching Helps You Earn An Extra 30K to $75K+ On Top of What You are Currently Earning
Each step you work through will have exponential growth, followed by a flattening off and slight decline before the next stage kicks in and propels you to the next level of profitability.
But when you have construction business coaching, you’ll get the roadmap to make sure each change of gear is as painless and seamless as possible.
Construction business coaching gives you the tools you need in order to increase your margins, lead your team, establish a strategic direction and systemize your building company. CONFIDENTIAL TESTIMONIALS – mksmasterkeycoaching.com
WE’LL HELP YOU IN YOUR OFFICE, ON THE JOB OR ONLINE WITH THESE COACHING PROGRAMS AND TOOLS
- Business and Management Coaching
- Financial Coaching
- Operational Coaching
- Performance and Productivity Coaching
- Legal Strategy Coaching
- Business Marketing Coaching
- Sales Coaching
- Human Resources Coaching
- Owner and Employee Self-Improvement Coaching
- Training-Mentoring Course Categories and Tools
- Alternative Wellness
- Healthy Living
- Mind & Body
- Mind Tech
- Personal Development
- Skill Building
- Sales Training
- Spiritual Growth
- Wealth Building
OUR OBJECTIVE TO BE YOUR “GO TO” LIFE, CAREER or BUSINESS COACH
Our objective is to work with your company offering coaching or consulting services of the highest value based on a proven track record of “Hands-On-Performance”.
The key to the successful company is a business owner that spends more time and energy working ON the business, rather than IN it…
In order to grow your company, you need to spend more time on profit-generating activities, rather than meaningless tasks that just leave the wheels spinning in your business.
All professionals know this to be true, but the problem is they don’t know where to start.
There’s no doubt that you’ve heard of business coaching before – maybe you’ve even been coached yourself at some point in the past. But our business coaching is different…
- We don’t provide generic advice or solutions…
- It’s business coaching for owners and managers.
- We tailor our coaching to you building nightmares.
Meaning you don’t have to decipher through generic BS that doesn’t actually apply to your nightmare. Our proven coaching for your business is ready to deploy into your company immediately!
We’ve worked with hundreds of business across the United States. So you can rest assured that everything we offer has been tested by other businesses just like you and has been proven to work.
If you’re thinking that you’re already flat out with work and you just don’t have the time, you need this more than anyone.
It’s not about working longer hours.
Business coaching allows you to systemize your company so you can spend more of your time on profit-generating activities!
Now, we know what you’re thinking…
If you don’t increase your profits, you’ll be losing money with all those extra expenses…
But, here’s the thing.
Growth, unfortunately, is not linear.
In business, net profit follows what we call the S curve. Which means, in order to move forward, you’ll need to move slightly backward.
Think of it like changing gears in a race car – as you change gears, you lose a small piece of momentum, but you have to go through that to be able to take your speed to the next level.
It’s exactly the same in business!
We Guaranteed Our Coaching Results
: We Guarantee to get results, and that you’ll be able to “Find our Fee” in your business within 17-weeks of our coaching your company, or your coaching is FREE.
Our coaching programs have been tested and proven across America, so when you hire us, you WILL get results. Even if you have done your part in good faith, have done all assignments, and have attended all coaching sessions, events, and workshops–but you’re still not satisfied or not seeing the results you want by the seventeenth week, we will coach you FREE until you get the results, no questions asked!
: We Guarantee to tell the truth about you and your business no matter how uncomfortable it may be, or how hard it is to share with you the realities of your business and the changes you need to make. When you hire us, you will have the “unreasonable friend” and the personal business mentor you and your business need to succeed. You will be accountable for everything you say you will do, and your business will get the push it needs so you can get the results you want.
: We Guarantee you a “business re-education” about how your business really works and how to successfully grow your company, as well as how to apply your new education and knowledge to any business situation. Your coach will guide you with proven systems and strategies that will allow you to make more profit whether you need more time, a better team, and more money.
You’ll be in the “driver’s seat” of your own business equipped with a “map” and a “license” to take it wherever you want to go with us by your side unlocking the potential of your company.
: We Guarantee complete confidentiality. Our Coaching relationship with you will involve trust and understanding about the nature of our strategy and of your business. We guarantee the privacy of our work together.
: We Guarantee a personalized approach to your business. Your business is unique, and since you are relying on our vast industry business experience, we guarantee a full disclosure of the programs we recommend to you. We shall meet your expectations with the desired outcomes and results.
: We Guarantee to show you how we define business success, and how to build a commercial, profitable enterprise that works with or without you. Even if you are an owner who loves business and who loves working “in” your business every day. We will show you how to build a company you can work “on” whether you show up every day or not. Regardless of your ultimate goals, you will learn the strategies, systems, and advantages of our definition of a successful business.
If you Want to Learn More About Adding an Extra $30K to $75K+ to What Your Are Currently Earning Contact Us Now for FREE Discovery Session!
Sydney Reitenbach or Michael Kissinger
Reitenbach-Kissinger Success Institute
LinkedIn Profile: https://www.linkedin.com/in/michael-kissinger-a66b214/