The Great Resignation is upon us (and has been since June of this year), and while the state of the pandemic remains in the balance, one thing remains clear: people want to spend their time doing what they love (and making money from it). If you feel the same, here are some resources to help you start turning your side hustle into your full time job.
1. Figure Out Your Business Idea
What do you want to do? Why are you the one to do it? These resources might help you hone in on the direction you want to head in.
- How to Know When You’ve Found a Viable Business Idea: https://finli.com/learn/9-how-to-know-when-youve-found-a-viable-business-idea/
- Five Places to Get Ideas for Starting Your Next Business: https://www.forbes.com/sites/neilpatel/2014/10/06/5-places-to-get-business-ideas/?sh=4be1b474733a
- How to Come Up With a Business Idea: https://www.thebalancesmb.com/create-winning-business-ideas-2947249
2. Lay Down a Strong Foundation
There are many different elements to running a successful business, but all successful businesses have one thing in common: a thoughtful plan. While a traditional business plan isn’t necessary to get started, creating one can be a great way to really think through all the questions you need to be asking yourself, everything from marketing to sales, operations to financial questions.
- What Every Business Needs to Know to be Successful: https://finli.com/learn/11-what-every-small-business-needs-to-know-to-be-successful/
- Sample Business Plans by vertical: https://www.bplans.com/sample-business-plans/
- What to Include in Your Business Plan: https://www.entrepreneur.com/article/239407
3. Learn by Doing
The best way to learn is by doing. Since no two businesses are completely alike, you’ll likely not be able to prepare for every single problem that your business will run into. Don’t be scared to just dive right in! Here are some accounts to follow for that extra bit of courage you might need:
- Twitter: Big Ideas for Small Businesses (@BigIdeas4SB), Small Business Majority (SmlBizMajority)
- Instagram: Business Kannur (@businesskannur), Entrepreneurs Lives (entrepreneurs_lives)
- Facebook Pages: Tips and Support for Micro Businesses & Solopreneurs!, Small Business Owners United
4. Notice What Others Have Done Well
The second best way to learn is to notice what others have done. Here are some places to find stories from people who have built a successful business from the ground up.
- 13 Business Success Stories and What They Teach Entrepreneurs: https://www.fundera.com/blog/business-success-stories
- Small Business Success Stories: https://www.thebalancesmb.com/small-business-success-stories-to-learn-from-4151885
- Origin Stories: 11 Moments That Inspired Entrepreneurs to Start Their Own Businesses: https://articles.bplans.com/origin-stories-11-moments-that-inspired-entrepreneurs-to-start-their-own-businesses/
5. Making Sure You Have the Right Tools
While there is no clear cut way to start a business, one thing’s for sure: you need to have the right tools. In this day and age, that means a tool that increases your efficiency, productivity, and your ability to stay organized – all digitally. Finli does all of the above by making it easier for you to send invoices and receive payments for them, keep track of your customers and their payment history, and more. Check it out!
If, after you’ve set up your business, you find yourself wanting to offload your administrative tasks, we’ve got you covered. Finli will take care of all of your backend work – issuing and collecting invoices, keeping track of your customers and their payment history, and so much more. Check us out or schedule a demo today!