According to a new study conducted by Tsheets, one in five Americans will have a side business in 2018. And 7.5 million of those people—who are already working full time, by the way—will be brand new to the side-hustle movement!
Thriving in the economy of the future is going to require more than the old model of get a degree, work for 40 years, retire. This is the age of the gig-economy where even high earners on successful career paths are diversifying their income in various ways.
That could be through investments, contract work, consulting, realestate, driving for a ride sharing company, taking a part time job or starting their own side hustle. Career diversification is the new black!
It’s true. One of my clients makes over $200,000 per year as a VP for a well known fortune 500 company and she sells pottery on Etsy. Seriously. What does a person who has a successful career that she loves, making nearly a quarter of a million dollars a year need with a Etsy side hustle?
It’s not just about her passion for creating beautiful pottery, because she could do that and give it away as gifts or keep it for herself, right? She sells it because she’s excited about a second stream of income. She likes challenges and she likes seeing her work translate into dollars. And she's growing that side hustle too! It’s not a hobby, it's a business and she's treating it that way.
Successful people understand that pursuing their interests and making money is not only exciting, but smart business. Even if you never plan to leave your 9-5, you will feel a sense of freedom and empowerment when you see you do have other options available to you.
And for those of you that do plan to leave your 9-5 one day - let me share a fun fact with you.
In a recent study conducted by The Academy of Management Journal, where over 5,000 entrepreneurs were tracked for more than 14 years, it was discovered that those who started their businesses while still navigating their full-time careers were 33% less likely to fail.
For those of you that are intrigued by all of this, I’ve created an incredible resource for you. Oh and it’s completely free!
Download this free guide, How to Start or Grow Your Side Hustle While Navigating Your 9-5.
In this 16 page guide (yeah, it’s filled with tons of info) I’ll walk you through the steps you need to take to get your side hustle idea up and running and how to be one of the 7.5 million people that have decided to go for it this year!
Click here to learn more about the guide and get yours today!
No matter what you decide to do with your career or side business know this...whatever dreams or obstacles you have, you have the power to change your life. You can create a career and life that you love and make an incredible income doing it.
I’d love to hear from you. Leave a comment below and share what you’re side hustle idea is and why you want to start it. I’d love to cheer you on!
Thanks for reading!