Should You Start a Side Business?

We talk a lot about side hustles on the show.  Today we’ll discuss if you should start your own side business.

 A side business can be lucrative and the creative outlet that your 9-5 job isn’t.  But it can be a lot of work and time.  We’ll break it down so you can decide if it’s the right decision for you.

 Both Andrew and Thomas have had various side hustles.  In fact, Thomas’s site College Info Geek, which is now his full time job, started as a side hustle.  That won’t be the case for all of us, but you can still make some extra cash doing your own thing.

Client work side hustles can be lucrative but frustrating.  You have to create someone else’s vision no matter how crappy or ridiculous you think it might be.  Sensitive artist types might want to stay away from client based hustles.

A side business shouldn’t be solely about the money.  It should enable you to do something you love doing.  Making money on that is a bonus. It takes about a year and a half to start making money on a side business.  Do you love doing whatever it is enough to do it for free for that long?

How much time do you have?  If you’re watching TV for a few hours a night, you could use that time to start building something.  If you work, are in school, and have a family, your side business may have to wait.

We want to know what kind of side business you have in mind and what you want to know about starting one.  Leave questions in the comments or send an email to listenmoneymatters@gmail.com.

Show Notes

Hitachino Nest Beer:  A white ale.

Backpocket Brewing Penny Whistle:  A Bavarian ale.

College Info Geek:  Thomas’s info on starting a website.

Earnest:  Refinance your student loans and save some money.

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