How To Build A Side Hustle While Working Full Time! | Clever Girl Finance

Summary

Bola Kumbi, founder of Clever Girl Finance and author of 'The Side Hustle Guide', addresses the challenge of building a side hustle while working full-time. She shares personal experiences and offers practical tips on balancing full-time job responsibilities with entrepreneurial aspirations. Bola emphasizes the importance of not compromising full-time job performance and suggests strategies like prioritizing tasks, adjusting schedules, and making sacrifices to find time for the side hustle. She encourages viewers to assess their commitment and consider the benefits of additional income streams.

Takeaways

• 💡 Starting a side hustle while working full-time can be both exciting and challenging.
• ⚠️ It's essential to balance your full-time job obligations with your side hustle to avoid performance issues at work.
• 💸 Don’t jeopardize your full-time job's income, especially if your side hustle is not yet making enough money to cover your expenses.
• 📅 Prioritize your to-do list and create a focused schedule to work on your side hustle without impacting your full-time job.
• ⏰ Sacrificing leisure time, like watching TV or sleeping in, can help you find more time to build your side hustle.
• 😴 Waking up earlier or staying up later occasionally can be helpful but isn't sustainable in the long term.
• 🛠️ Use your days off and weekends to work on your side hustle to give it the best chance of success.
• 🛏️ Sacrificing comfort is part of building a side hustle, but it's important to have a strong 'why' driving your efforts.
• 👶 Personal example: The speaker worked on Clever Girl Finance while raising twin babies by adjusting her schedule for short-term sacrifices.
• 📚 Clever Girl Finance offers free courses and a business bundle to help others successfully manage side hustles and business finances.

Q & A

Who is Bola Kumbi?

Bola Kumbi is the founder and CEO of Clever Girl Finance and the author of the book 'The Side Hustle Guide.'

What is the main topic of the video?

The video focuses on how to build a side hustle while working a full-time job.

What challenges does Bola Kumbi mention about running a side hustle while working full-time?

She mentions that it can be challenging to meet full-time job obligations while simultaneously building and focusing on a side hustle, which can start consuming more of your time, energy, and focus.

Why does Bola advise caution when starting a side hustle while working full-time?

She advises caution because many people still rely on their full-time income to meet financial obligations, and letting the side hustle affect their job performance could lead to losing their primary income source.

What does Bola suggest doing to create a balance between a full-time job and a side hustle?

She suggests prioritizing your to-do list, creating a schedule that allows for focused time on your side hustle outside of your full-time job, and making sacrifices like reducing TV time or waking up earlier.

What is Bola Kumbi’s personal experience with running a side hustle while working full-time?

Bola ran a retail and photography business while working full-time for over seven years, and she also started Clever Girl Finance while working full-time before transitioning it into her full-time business.

What sacrifices does Bola mention as necessary for building a side hustle?

She mentions that sacrifices might include watching less TV, sleeping less, or working on weekends and during your days off.

What advice does Bola give for people feeling tired or overwhelmed while working on their side hustle?

She acknowledges that it can be uncomfortable and tiring but emphasizes the importance of having a strong 'why' and understanding how badly you want to succeed in your side hustle.

What does Bola suggest doing when your side hustle starts generating income?

She suggests that once your side hustle starts generating income, you can consider leaving your full-time job or switching to a part-time job to focus more on your business.

How can viewers learn more about side hustles and business finances through Clever Girl Finance?

Viewers can visit the Clever Girl Finance website, where there are over 30 free courses available, including a course bundle dedicated to side hustles and business finances.