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Side Hustle School
#2901 - Q&A: “Should you start a new hustle or scale what you already have?”
Dec 10, 2024
A listener grapples with a pivotal decision: start a new venture or enhance their current hustle. Insightful strategies from successful entrepreneurs illuminate the path forward. The discussion dives into personal goals and entrepreneurial aspirations, making it clear that balancing ambition and practicality is key. Tips for navigating this dilemma offer valuable guidance for anyone looking to maximize their side hustle potential!
03:53
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Quick takeaways
- Deciding between starting a new side hustle or scaling an existing one depends on personal goals and the specific performance of each venture.
- Successful side hustlers often blend automation and outsourcing, allowing them to manage multiple projects effectively while maximizing growth potential.
Deep dives
Evaluating New Ventures versus Current Success
The podcast discusses the dilemma many side hustlers face: whether to branch out with new projects or to concentrate on scaling existing businesses. A key insight is that both approaches have their merits, depending on individual goals and personal styles. For example, a freelance writer successfully launched a podcast and online courses while balancing multiple ventures through automation and outsourcing. In contrast, another individual found success by focusing solely on and scaling her e-commerce business, which resulted in a substantial six-figure income.
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