There is no denying that running a business is a learning curve. You are going to make mistakes along the way, an the best business owners are those that learn from these hard times. Nevertheless, when it comes to financial errors, it is always better if you can learn from the mistakes others have made rather than make them yourself.
When you need an influx of money, most people will say the same thing; get another job. Right, fantastic idea, but there’s one issue; you already have a job, and it can be very stressful and tiring. So, adding another workload on top of that may kill you.
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Starting your own business is a steep learning curve. You’ll be thrown in at the deep end and if you’re going to survive, you’ll need to adapt quickly and learn all of the ins and outs of the business world. One thing that most new business owners struggle with is their finances.
As a business owner, you want to ensure that your business is as appealing to your customers as possible, right? If the answer is yes, which is should be, then you need to ensure that you are doing everything possible to make your brand a highly appealing one. Because regardless of how amazing your business concept is, if you have no customers, it will fail.
Investing is something you’ve probably heard of. You might even know a fair bit about it. However, if you’re in your teens, or your early 20s, you might think that you’re too young to start investing. Surely, you should enjoy your money for a little longer before you commit a portion of it to investments?
This is the last in my series about side hustles and second incomes. My personal opinion is that everyone should have a side hustle, it’s kinda like a hobby… but you get paid for it! In this series, we have already given well over 50 options for side hustles and second incomes (check out part 1 here), but now let’s look for extra income jobs for people who Have the money and desire to invest in a side hustle turned career/business.
As we continue on our financial journey, I felt that I should share some things I wish I had been told when I was in college. College years is where most people start to pick up bad habits for their finances. If your parents didn’t set you up for success (aka – teach AND model good finances), you get out of high school and are plunged into the adult world, filled with bills, responsibility, college, stress and trying to stay afloat in all of it. And, so you try, kudos to you for trying! But, if you are reading this, you probably in need of some tips.
“I know I could have used the help 10 years ago when I struggling to keep my grades up and my bank account postive…”