Side Hustle School Ep. 2948 - Weekend Workshop: Money Math Made Simple
Jan 26, 2025
This segment introduces a workshop series designed to simplify launching side hustles in 2025. Listeners learn basic math to make smart profit projections, using relatable examples like car rentals and dog walking services. The conversation emphasizes understanding financial projections through conservative and optimistic estimates. It's all about empowering entrepreneurs to forecast their potential earnings and assess the viability of their ideas, making money math approachable and practical for everyone.
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Simple Profit Forecasting
- Forecast potential side hustle profits with simple math, not complex spreadsheets.
- Use the equation: Expected Income - Expected Expenses = Projected Profit.
Tashir's Car Rental Success
- Tashir built a profitable car rental business using basic math and the Turo platform.
- He projected income, expenses, and profit for one car, then scaled to 16.
Graphic Design Workshop Example
- A graphic designer can project workshop profits by calculating fees, class size, and expenses.
- This helps determine if the workshop is financially viable or needs adjustments.
