Last Updated on:

May 31, 2021

What You Can Do To Start a Side Hustle Before Quitting Your Job

It's easier than you think to quitting your job, even if you've been employed for decades. But you may not be as financially secure as you thought.

If the idea of working for yourself scares you, you can hire an advisor to help you or start a side hustle. For many, it is the side hustle that is the toughest part of transitioning to working for yourself.

The best way to become self-employed is to be clear on what you want to do, how you’re going to do it and then take some action. 

This is a guide for people who are already working for themselves or want to start their own business, but feel like they have no idea where to start before you quit your 9 to 5 grind.

how to quit your job?

Find Your Skills

Find your skills

Now that you’ve decided that you want to make a career change, it’s time to find out what it will take to make it happen.

First and foremost, you need to know what you want. Figure out what you want in life, and then use that to guide your search for a solution.

 "If you work towards a goal you actually need to define what success looks like, and you need to have a clear, mapped-out game plan.”

Sally Ebels // Author

Take an inventory of all your skills and knowledge. We’ve written about our own journey to self-employment previously in this post. 

We said, “We took the time to do a deep inventory of our skills, abilities, knowledge, and experience.

We were asking ourselves:

  • Am I the best at this? 
  • Can I do this?
  • Can I create the product I want to create?
Find Your purpose

Identify what your 'why' is

How do you answer this question when you are unsure about what your 'why' is?

The first step to finding the right 'why' is to identify what is most important to you, as a entrepreneur.

"Why do you want to start a company?" is one of the most commonly asked questions I get asked, you're:

  • Inspired to work your own hours?
  • Feel undervalued in your current role?
  • Pursue your passion?
  • Looking for a new challenge?
  • Achieve financial independence?
  • Want a job with better career growth opportunities?
passion

Find your passion

it’s time to determine what the “big idea” is that you are passionate about.

This doesn’t have to be your entire life’s work, but it will help you to know what you want to pursue. Once you’ve identified your passion, it’s time to start working on it.

Once you find your idea, you should turn your focus onto researching and learning as much as you can about it.

This are the most Popular Niches to Make Money Online:

  1. Fitness and Weight Loss
  2. Health
  3. Dating and Relationships
  4. Pets
  5. Self-Improvement
  6. Wealth Building Through Investing
  7. Beauty Treatments
  8. Gadgets and Technology
  9. Personal Finance
  10. Outdoor Survival
Make a Living 1

Work Out How You’re Going to Make a Living

A business plan is a written plan of how you want your business to operate. It can also be called a "road map" to business success.

There are several different reasons why someone might want to create a business plan. One of the main reasons is that you can use it to pitch your business to investors, partners, customers, and employees. 

It’s not complicated, you just need to define your budget, come up with an idea, come up with a marketing strategy, create a sales funnel, and develop a product or service.

You can find the best business planning techniques online and get tips on how to do it right.

If you can’t make a plan, at least come up with a rough draft. Once your company is established you will be able to revise and improve it to make it stronger.

start side hustle

Start Doing Some Work on the Side

Doing work on the side is a great way to generate some cash and see if you want to take it full-time or stick with what you’re doing.

But it’s not a substitute for making sure you’re very clear about what you want and then doing everything you can to get it.

The side hustle should be manageable, and not get you too much into debt.

Start market yourself as a freelancer with an online freelance portfolio about:

  • What you do ?
  • How to get in touch with you ?
  • Your positioning and what makes you different
  • Introduces and talk about yourself
  • What work you want/like to do ?
  • Showcase your past project and testimonials

Take the time to build a website, blog or social media post to showcase your skills to get business leads and build a network of referrals. 

meet buyer

Research Your Market

To figure out how to start a business, you first need to know what market you’re entering.

The first step is finding your niche. What are the things you’re good at and are passionate about?

For example, if you want to start an Etsy shop selling custom made Halloween costumes, you need to research what other people are doing, and what people like, the demand for it.

Your market research should have: 

  • Identify or create products that solve a problem.
  • Identify your customer base — and segment your audiences.
  • Where to source a products — manufacturers, wholesalers or dropshipping
  • What is profit margin you can earn? shipping fee, packaging fee, and marketplace fees!
  • Choose where to sell your products - Local store or Online Store

Conclusion

Work can be a time of significant transformation for any of us, whether it’s for better or worse.

It can also be a time of intense reflection, when we wonder what we are doing, if we are making the right decisions, or if our motives are as pure as they should be.

While it’s easy to get caught up in a struggle between what you want and what you are doing, there are ways to experience life that not only benefit you and make the most of your time but can actually improve your mood.

However, this requires us to sit back, take a look at our lives, our motivations and the things that we do, and have an honest look at them. 

About the author 

Income Junctions

Business Idea & Investing for Solopreneur Income Junctions helps you to find ways to make money online, get inspiration and advice to starting a business on your own, and investing tips for solopreneur.

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