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 Hustling 101

Finding the right ingredients !

Financial literacy South Africa

This starts the story of Tshepo, a man on a mission to become the next David Tshabalala! Tshepo has a full-time job, and a side hustle he runs around his graphic design skills.

After seeing the success his girlfriend Joy had with her new budgeting skills, he believed he could put the similar steps in place to help him scale his business!

So, to try a become a full-time business owner, Tshepo reached out to an old work friend and mentor he had from his first admin Job. Salma was a manager he looked up to and always offered him advice and support in his ambitions. Salma was delighted to her about Tshepo’s idea and said they should meet to get a game plan sorted…

Achievable goals ...

Salma arranged for Tshepo to visit her at her offices in town, where she runs her own travel agency. Tshepo took a full day off work to make sure he got the most out of this meeting as he was serious about making big changes in his side hustle.

As they started with their mentorship session, Salma asked Tshepo to clearly identify exactly what he wanted to achieve with his new dreams and how he was going to make it happen. Now, this was the first problem – Tshepo did not have any plan in place to get there. Salma then said, “If you want to be successful and actually achieve your goals, you need to have a detailed plan on how and when you are going to do it. If you do not create achievable goals, then you won’t be able to see if you are making any progress as time goes by”.

 

Salma then got Tshepo an exam pad and said, “We are going to write out some details to help you create achievable goals”. 

Below are the four key points Salma asked Tshepo to focus on with his goals list:

  • Figure out the most realistic income streams you could push to expand (Types of side hustles or freelance work).
  • Use your salary as a target goal and work out how much money you need from your side hustle or freelancing to replace your salary in full.
  • Decide the best option for you to add in this work around your main job. Clearly identify when you will be doing the extra work so that you can deliver on your commitments.
  • Grow your network for more opportunities, clients, and mentors. Showcase yourself as a business owner and what you bring to the table!

Shaping your business !

Tshepo sat with Salma and created this detailed plan for his goals with his business ideas. He worked out the money value he needed to make from his side hustle as a graphic designer and knew how much work he had to bring in to get there. 

He decided to turn his side hustle into a business and decided to go through the Educ’ish bootcamp to fully set up his business to make it big!

Tshepo also created a list of design services he was going to offer to all of his clients, and figured out what days he was able to work on his side hustle.

So, Salma sent him home with the homework of turning all of the ideas into a reality.

What happens next?

Continue with your lesson to find out what happens with Tshepo …

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