Episode 20 - When to switch your side hustle into a full time business - (Solo)

When to switch your side hustle to a full-time business

Imagine you have an idea for a new business; have always wanted your own business or are looking to make a change and leave a corporate career to set out on your own.

Drawing a line and leaving one full-time position that gives you stability and monthly income to start a new venture can be extremely risky.

Building a side hustle can allow you to test your new concept whilst remaining employed.

In this episode, I’m talking about ways to make the side hustle switch easier

Test the market – have you asked them what you can provide for them, do they want to buy the product or service you provide Refine your product and package your services properly Get your prices right Know your numbers – when can you afford to leave Scale as far as you can – flex the time you have with your employee as much as possible Have a plan which includes timescale for exit Save enough to sustain you for at least 12 months – this will help with cash flow and make the transition easier     If you enjoyed listening it would be great if you could leave a review to help other people find us - Thank you   Also ... Join me in the Simply Marketing and Social Media Facebook Group  by clicking HERE    FREE Resources    Make a start with Instagram - Free Training - Get Started With Instagram for Your Business  by clicking HERE   Work with me    Book a Free Marketing Clarity Call - HERE Everyone feels overwhelmed by their marketing at one time. I offer clarity calls to help you to step back and see the bigger picture.     Find me at - www.alisonteare.com