General

How to Juggle a Job and a Side Hustle

Being realistic is the key to avoiding burnout.

It’s never easy keeping all your balls in the air. Running a side hustle alongside your fulltime job isn’t an easy option, but it is a popular one. More and more of us are developing side hustles, both because we need extra income streams, and because technology is making it easy to do so. If you have a skill you can market online, you have a potential side hustle. So it’s not surprising that everyone you speak to is doing a little extra work online. Office workers are freelancing. Teachers are tutoring. Finance professionals might be doing a little financial coaching. Everyone is up to something. So how exactly do you juggle your job and your side hustle?

Get Organised

Your work/life balance can spin out of control quickly when you take on a side hustle. So it’s more vital than ever to be organised. Develop a clear vision for what you want your side hustle to look like, and draw up a plan of how to make it work. Work from a weekly plan and daily to-do list. Try and draw boundaries between work and non-work time and activities. Dedicate a space in your home, if you possibly can, as work space. When you’ve done your work for the day, switch off. Put work devices away and focus on home, family, hobbies or whatever else you need to do to recover before the next work session starts.

Be Realistic

Set aside a realistic amount of time you can devote to your side hustle and stick to it. Schedule it onto your calendar. If you can only work for one hour a day early in the day, that’s still several hours a week devoted to your new income stream. If you know that realistically you can only find a few hours on a weekend, that still might be two slots of home tutoring, or two Zoom calls with coaching clients. And two clients is fine, to start with (see the next point).

Keep It Small

You’re successfully side hustling if you have just one paying client, and having two or three is great. If you aim for ten or twenty, you’ll soon find you’re over reaching and burning out. Deliberately, keeping your business small is fine. It’s far better to have a modest, sustainable extra income stream, than a substantial one that you can’t possibly keep up with over time. Resist the temptation to grow too fast, and take on too much. Doing so will mean one of two things. You’ll either burn out and not be able to cope, or you’ll manage to get everything done, but the quality will drop. Either one won’t be good for long-term business.

Tweak Your Business Model

It’s not, of course, impossible to serve ten or twenty clients, rather than two or three. But you’ll need to find the right business model. Maybe it’s group coaching online, or a membership site, rather than one on one consultations. Maybe it’s running a blog or podcast to reach many people at once. Maybe it’s an online course rather than personal tutoring. If you want to scale up and reach more people, try tweaking your business model rather than just taking on more clients or more work. Your time is limited. Your reach is not.

Delegate If You Can

One advantage of starting a side hustle alongside a fulltime job is that you may not have to bootstrap it quite so much. You can often use income from your job to outsource tasks in your side business, right from the start. Outsource the things that are outside of your comfort zone or that you simply don’t like doing. This will leave you more time to focus on the core activity you’re offering, that only you can do.

Running a side hustle alongside a fulltime job is possible, and desirable. We can all use extra income streams, especially those that can be generated entirely online. Just be sure to set up yours in a way that you can sustain.

This article was originally published on Wealthtender.com.

WRITTEN BY Karen Banes

Mark Trowbridge

Mark Trowbridge

Founder & CEO: conXhub - Tech Innovator - Mentor - Speaker - Proud Father!