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Saturday, November 19, 2011

Side Hustles 101 with MiMi: Tansitioning your side hustle into a business (Step 1 - Get Organized) - From Side Hustle to Entrepreneurship



Are you tired of playing by your boss's rules or tired of wondering if you have what it takes to navigate your financial freedom?

Do you think you can make your dreams a reality or are you wondering how you can get out of debt and do the things you truly want to do? 

Check out my easy, basic steps for transitioning your side hustle into your full-time gig.

Step 1:  Get Organized

One of the steps to transitioning your side hustle into your full time job is quite simple.  Preparation is a key cornerstone of success.  Whether you have five business degrees or you've accumulated enough school of 'hard knocks' degrees to last a lifetime, you have to prepare to succeed. 

Creating and building a new business is not the time to be impulsive.  If you have been doing your side hustle for a while, its safe to say you've learned enough about it to make the leap.  First up, decide whether that this is side hustle is truly something that you are excited and passionate about.  Next, figure out whether there is really a need for whatever goods and/or services that you plan on offering.  Ask yourself why you're transitioning this side hustle into a full-time gig.  Is it because you're mad at your boss?  Tired of your long commute or is it because you truly believe you have something to offer?  Evaluate your decision wisely.

Articulate your goals.  Having a business degree is not essential to achieving your transition goals.  In fact, your inherent ability to channel your passion, determination, perseverance and dedication will go a long way to helping you achieve your goals.  The best way of formulating your goals is to start by writing them out and reading them out loud to yourself.  Be concise and realistic. 

Turning your side hustle into a major income stream takes work, time and sometimes, significant financial resources.  Do not do anything drastic until you've set up a clear map of your goals and how you plan to achieve them, or at least an idea of what exactly you plan to do.

Next up, Step 2.  Stay tuned.

Click Here to read all 'Side Hustles 101 with MiMi' segment posts.

© 2011 MiMi

MiMi is an attorney, accountant, boutique owner, business and fashion blogger and a budding designer.  MiMi is also the National Fashion Examiner for Examiner.com.  To learn more about MiMi, click HERE or check out MiMi's side hustle, Boutique Mix

Do you have questions/tips for MiMi?  Please leave a comment on this blog or email MiMi at boutique-mix@hotmail.com

4 comments:

Laura on November 19, 2011 at 9:43 AM said...

Great advice, Mimi. I started my business back in February and I can honestly save that it is worth every ounce of all my efforts. It takes a lot of money, time and patients but the benefits far outweigh the struggles.

I always recommend following your dreams and your passions!! :)

k... on November 19, 2011 at 2:09 PM said...

This is great!! Keep it coming. I'm going to try and transition in the next year.

Winda Tiodang on November 20, 2011 at 6:14 AM said...

i am a new fashion blogger from indonesia living in singapore :) i really like your blog. i will really appreciate & it will be an honor to have u as my blog member (blog follower)

and of course i will folback!:D also, u can mention me anytime on twitter @tiodang if you want me to check out your latest post & leave a comment ^^ ,please list me on twitter, so i will know u're my follower!! ;)

i've just recommend your post to google!u can check it! that's what u got if you keep in touch with my blog too!! hope u will do the same ^^
(u can add me on facebook and contact me at : cheeringwinda@yahoo.com)

Stylishly Blissfully Ever After with MiMi on November 21, 2011 at 9:20 AM said...

Thanks, ladies!!!