Hustling Lesson Recap

Hustling Recap

The overview !

The following process is what you have learnt from this lesson.

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.
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!
Reach out to other entrepreneurs from your community to get their advice and knowledge on how to grow a business.

7. Once you have too much work coming in and not enough of your own time to do it, you can start to bring in other freelancers to work for you!

8. Your role will change in the businesses to then bring in all of the clients and do the important jobs.

9. Every business has ups and downs, and it is down to the owner to make the hard calls and manage as best as possible.

10. Structure a business budget to both manage and forecast your cash flow at least 6 months in advance.

11. Get the right people in place to do what they are good at. Make sure your sales staff are incentivized to grow the business.

12. Solve for any financial concerns and opportunities you may have with additional investment from other stakeholders and partners to accelerate growth.

You're all done!

We hope you really learnt something from our story with Tshepo. Now onto the final lesson of Money Management …