Do you have a side business that you are hoping to make your full time gig? Every entrepreneur has been through this struggle and knows how hard it is to make the call as to when he or she should quit their day job. It is not an easy decision and can be downright scary. Below I’ll share a few tips and suggestions for when you should make your side hustle your main hustle.
Make your side hustle your main hustle if:
Your Side Hustle Income Can Replace Your Day Job Income
Don’t quit your day job unless you have the means to replace your day job’s income and benefits. Trust me, this one has not been easy for me. I am a fairly passionate thinker and sometimes forget to think rationally. There have been many times that I have wanted to throw in the towel and do the side hustle full time. After all, it is what makes me happy and what I am most passionate about. When making your decision, do not forget to think rationally. If you lose your day job, you’ll be losing more than just your salary. You could also lose benefits like PTO, sick time and health insurance. Do you have the means to replace these items or are you okay with them not being replaced? Take time to sit down and look at your finances. How much are you earning each month? How much would you be earning if you made your side hustle your main hustle? How much do you spend each month and where could you cut back? These are all important things to consider before making the leap to pursuing your passion full time.
You Are Miserable at Your Day Job
Now that we’ve spoken rationally, let’s talk about the emotional side of things. If you are miserable at your day job it can really affect your day to day life and can even affect your performance at that day job. While money is an incredibly important thing to consider, so is mental health and overall well being. I truly believe life is too short to be unhappy. If you are unhappy at your day job, start to think about how you can make a professional and responsible exit. Set goals like, “I will start saving ‘x’ amount of money, so I can move on from this job in ‘y’ months.” Setting goals that you can work towards and giving yourself a deadline will make things seem a little more bearable. Make a few sacrifices now so that in the future, you can live the life you truly want. There are many differing opinions about quitting your job for your mental health but personally, I like this one. I hope it helps!
You’re Ready to Succeed No Matter What It Takes And Realize That Maybe, You Won’t
We all want to succeed, especially when it is something we are immensely passionate about. Success, however, does not happen for everyone. You shouldn’t quit your day job until you are ready to work harder and more than you ever have before and know that even though you maybe worked harder and longer, you still might not see the success that you so desire. I have built my side hustle on not taking no for an answer. I have, however, been told “no” or “not right now” numerous times. Making your side hustle your main hustle requires a very thick skin. What will you do when you are told “no?” Will you sit down and give up or will you go out and find another opportunity, perhaps one that is even better? If your answer is the latter, you’re probably ready to succeed no matter what it takes!
I hope these tips were helpful for you as you make your decision. If you’ve made your decision but are unsure as to how you will make your side hustle your main hustle, I like this article by Ben Simkin for Entrepreneur.
Do you have a side hustle? Have you made it, or are trying to make it, your main hustle? Let me know in the comments what is working for you!