How much time does it typically take to start a side hustle?

The time it takes to start a side hustle can vary greatly depending on the type of business, your level of commitment, and other factors. It could take anywhere from a few days to several months. It's important to remember that a side hustle is something you start on the side, usually while still working a day job, so it may take longer to get it off the ground if you're only able to dedicate a few hours a week to it.

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Side Hustle

Learn how to generate and test profitable ideas, avoid costly beginner mistakes and execute powerful concepts such as legal structures, iterations, an...

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A side hustle is a small project, launched on a weekend, that ends up making you hundreds, even thousands, of dollars. It's something you start on the side, usually while still working a day job, as a way to get additional income without taking the plunge into working fulltime for yourself. Even if you love your job, you should still have a side hustle; more income means more options.

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There are numerous success stories of people who started side hustles while working full-time jobs. For instance, Julie Deane started the Cambridge Satchel Company from her kitchen table with just $600, while still working a full-time job. Her company is now worth over $65 million. Similarly, Brian Chesky and Joe Gebbia started Airbnb as a side hustle to pay their rent, and it has now transformed into a billion-dollar company. Another example is Sara Blakely who started Spanx as a side hustle while selling fax machines door-to-door. Today, she is a billionaire.

Some tips for managing the financial aspects of a side hustle include: keeping track of all income and expenses, setting aside a portion of earnings for taxes, reinvesting profits back into the business, and maintaining a separate bank account for the side hustle to avoid mixing personal and business finances.

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