Most people dream of quitting their day job and becoming their own boss, but few actually follow through on that dream. According to Gallup’s 2016 State of the American Workplace report, just 13% of American workers are engaged at work, meaning they feel a sense of passion and pride in their jobs and the companies they work for. Another 14% are actively disengaged, leading very unsatisfying lives both at work and at home. That means almost three-quarters of employees are either not engaged or actively disengaged!
Finding a skill to sell online
Selling a skill online could be one of your most lucrative business ideas. However, you’ll need to have some sales skills if you want to succeed. If you can start a conversation with potential clients, answer their questions and solve their problems, then start thinking about selling an eBook or membership site that helps others do something similar.
Starting and Managing your Business Online
If you plan to run your business online, it’s critical that you start thinking about how you’re going to manage your internet presence. At a minimum, you’ll need an email address, a website and a social media profile. And yes, those things can all be tied back to your personal accounts if you want, but it’s really in your best interest to open up new accounts that are strictly for business use.
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Failing Forward and Learning From it
The most valuable trait a business owner can have is an ability to look at failure as a learning experience. If you want to be a true entrepreneur, you’re going to have to accept that not every idea is going to work out—but failing forward means picking yourself up and trying again. All it takes is one success story in your life to know that sometimes things go wrong, but they don’t have to stay that way.
How Side Hustling Can Help You Quit Your Job
Side hustling is a great way to increase your income and build toward quitting your day job. However, many people think that their idea for a business won’t work or just can’t justify spending time and money on something that might not succeed. But if you think about how little you might actually need to earn from your side project in order to quit your job, it may seem more possible than you thought. Most small businesses fail not because they don’t have enough customers but because they don’t make enough money to sustain them. So as long as you can realistically envision making even $1,000 per month with your business, giving up a full-time job should be within reach.
Knowing When To Stop Side Hustling
For many people, having a side-hustle (moonlighting outside of their main job) means having an extra $500 or $1,000 in income. That can be great for a rainy day or for getting some bills paid off. But there are two kinds of side-hustlers: those who love what they do and know when to call it quits, and those who truly never want to make money with their primary work again.