How to Balance Your Side Hustle
Maybe you’re an entrepreneur at heart, but you can’t afford to quit day job yet to pursue your passion full-time. Or maybe you’re happy with your day job, but you’re looking to make extra cash on the side. Either way, if you’re thinking about pursuing a side hustle, then you need to be smart about it. Balancing a full-time job with a side job is tough. If you’re not careful, then you could overwork yourself and burn out. However, with careful planning and strategies, you can learn to balance a side hustle successfully.
Check out these tips for balancing a side hustle:
Choose your side hustle carefully.
Are you just looking for a way to earn passive income? Or are you a passionate blogger with dreams of becoming an influencer? Are you trying to create a startup because you have a valuable product or service to offer? Whatever the goal is, you need to decide if it’s worth pursuing right now, and if you can, realistically, devote time and energy to it.
If the answer is a resounding yes, then you need to create a solid plan that includes business strategies, financial assessments, and short-term/long-term goals for this side hustle. What exactly do you want to do? How do you plan to do this? Will it cost money to do this? How much do you expect to earn from this side hustle? What are your short-term and long-term plans for this side hustle? Be thorough with planning, and be absolutely sure that you know exactly what you’re getting yourself into.
Set a work schedule.
Treat a side hustle like any other job, and create a work schedule for it. If you’re a blogger or freelancer, then it may be tempting to just do it whenever you feel like it. The truth is that you might not ever feel like it – especially if you’re already working 40 hours during the day, and then, you’ve got to cook dinner after work, and you also have to run errands or attend social events on the weekends. That’s why you need to set a work schedule for your side hustle. If you can only dedicate 10 hours weekly to this side hustle, then put those 10 hours on a schedule, and stick to the schedule. Treat that side hustle schedule as seriously as you would treat your regular work schedule.
Set boundaries at work and home.
When you’re having a slow day at the office, it may be tempting to peek at your blog, check your emails, or just browse Instagram for the latest hits of inspiration. Don’t. Fight the temptation to sneak your side hustle into your day job. Respect your employer, and don’t do other work on your employer’s dime. It’s disrespectful and unprofessional. It’s also a violation of your employment contract. While most employers typically don’t forbid other forms of employment (so long as they don’t violate non-compete clauses), employers do care if your side hustle starts to bleed into your work performance. Bottom line? Respect your employer, and keep your side hustle outside the office.
Likewise, you also need to set boundaries for your home life. Just because you’ve got a side hustle doesn’t mean that you have to devote 100% of your free time to it. You need to balance your work life (including the side hustle) with your personal life. Carve out time for the people you love, and carve out time for yourself, too. That way, you’ll be able to do what you love and share it with the people that you love.
Balancing a side hustle isn’t easy, but it’s worth it if it gets you one step closer to your dream – whether it’s doing what you love, gaining financial security, or just experiencing something new.
How do you balance your side hustle?