“There is more than one way to skin a cat.” Seba Smith, The Money Diggers (1840).
How do you go about pursuing success when you are stuck in a job?
It’s a conundrum. Most have to work at a job in order to provide for their families. The need to provide for your family makes it difficult to pursue those things you are passionate about.
But there’s more than one way to skin cat – The Side Hustle.
According to The Bureau of Labor Statistics (2012), the average person watches 2.8 hours of TV every day. There are also other distractions: Facebook, Twitter, Snapchat, YouTube, etc.
The point is, we all waste a portion of our free time doing unproductive things.
The Side Hustle involves doing something on the side, outside of your work hours that could one day create a stream of income.
It involves finding something you are passionate about and redirecting your behavior, reallocating your resources, to devote to that passion.
The Side Hustle:
- Minimizes Risk – While maintaining your existing employment, you are able to build a side business that you hope one day will generate a stream of income that will replace your employment.
- Hedges Your Bets – Being employed involves risk. The economy could turn, like it did in 2008/2009, and you could find yourself out of work. The Side Hustle becomes insurance against that happening.
- Allows You to Fail and Make Mistakes – Failing and making mistakes costs you time and money. Quitting a job to start a business means those mistakes and failures could result in bankruptcy, jeopardizing your livelihood and putting your family at great risk. The Side Hustle minimizes the impact of those mistakes and failures because you still have your current employment providing a stream of income.
- Allows You to Learn and Grow – The Side Hustle buys you time to develop the knowledge and skills you need to realize success.