[00:00:00] Hello, everybody. Welcome back to another fantabulous li fun episode of GOT SIDE HUSTLE. I'm your host, Kris McPeak and I am back today with another bonus episode. As we walk through the smart side hustle master plan to help all the side hustle listeners start and scale your very own side hustle here in 2022, we are closing out January, which means we are almost finished going through these bonus episodes and the master plan piece by piece every single week, you can get your paws on the companion workbook that matches these bonus episodes by texting the word HUSTLE to x66866.
[00:00:48] And that will get you immediate access to this 14 page downloadable workbook as I referenced at the beginning of the episode. Okay. So the first three episodes that we did, we talked about what's missing…what is the thing in your life that's calling to you to say, you need a side hustle right now, then we did a vision and we thought about the type of business we can run and visualized what that would look like and feel like.
[00:01:23] Then we came up with six possible names for our business and we crafted our “I Help…” statement. And that is how we're going to start building the notion of getting the word out there about our side hustle. So this week we're going to look at saving dates and starting a timeline.
[00:01:48] And what I want you to work on this week is the following. First of all, we're going to figure out a start date. When do we want this beautiful new business of ours to be live and out there in the world. And the minute that you put that down to paper, and by the way, also share with your friends and family and any other people in the world that you can get your paws on.
[00:02:16] Once you put that date out there, you're wedded to it. You have committed to it, it is going to happen, whether you're ready or not. I always think it's important to start with that launch date…put that down on paper and make sure people are aware of it now. This also makes me think of event planning and I'll give you a great example.
[00:02:39] We have a scholarship ceremony that we put on at my day job every single year. The date of the ceremony is pretty much the same every single year. All I have to do is look at the academic calendar and I'll know when that date is. Once we finalize the date, we work backward, with all the tasks that have to take place and happen. This is the thing that really makes my heart sing when it comes to planning and prioritization.
[00:03:06] And that's another reason why I think it's so important that you pick the start date for your side hustle. You put it out there and now you're going to. Your way backwards with all of the tasks and things that you have to do to get that business up and running. The next question you wanted to answer is how many hours per week can you commit to your launch?
[00:03:28] If you are a regular listener of the show, you know that I'm a firm believer that you can run a side hustle and just one hour a day. So that would be seven hours a week. From time to time, you're going to need to invest a few more hours here and there to really make your business work. And when you're preparing for a launch, that is something you're going to have to carve time for.
[00:03:50] If you've never done a time-on-task and evaluated the amount of time that you're spending on your day to day tasks and projects and chores and all of the things, remember that you have 168 hours in a day. Ideally, you should be sleeping eight hours every night as part of your elevate, your eight and working only eight hours a day.
[00:04:15] So those other eight hours or the negligible hours that you have to do things like work on your side hustle. So think about that. Think about how long it takes you to do all of the other things in your life, and then make a set plan for how many hours a week you can commit to preparing for your. The next thing I want you to pin down is how many hours a week do you want to work and taking the consideration?
[00:04:40] Of course, too, if you are going to do a gig economy type side hustle, like you're going to drive an Uber car, or you're going to do something like Postmates or Instacart. You can't just do that in an hour and expect to make any money. So doing gig economy side hustles like that, you're going to have to carve a night a week or half a weekend, day, a week, whatever it's going to take for you to make good money.
[00:05:07] That's a sustainable side hustle. I'm a big fan of passive income and the ongoing recurring income. So I'm developing a side hustle that gives me the flexibility to not have to work as many as many hours. And I like to focus doing no more than 10 hours a week on any of my side hustles.
[00:05:29] That includes my podcast and side hustle coaching plus the swim team that I do that I do with my hubby. That's the next thing that you want to settle on is how many hours per week do you want to work? And then the next thing is when do you want to start marketing?
[00:05:49] I think you're going to want to start putting your message out there between two to three weeks prior to going live with your business. So that's something that you're going to build into that calendar for yourself. In essence, these four blocks of questions that I've just asked you, two of them are very firm dates.
[00:06:07] What's your start date? When is your marketing launch date? And then the other two chunks here are the amount of time you're going to dedicate. To the side hustle of yours. You're going to dedicate a little bit more time in the beginning as you prepare for your launch. And then you're going to scale back so that the ongoing work that you're doing on this business is going to be a little different, again, gig economy, completely different scenario, because with that, you may not really need to have a launch date per se.
[00:06:37] You're going to hop on to a side hustle concept that's already created. And if you would like more information on that. Pick up my quiz, which side hustle is best for you. And I will put a link to that quiz in the show notes. So that is going to get us through today's bonus episode, where we talk about saving dates and plotting out our timeline.
[00:07:01] Thank you again, my friends for taking time out of your week to listen to my show, I would love to hear from you about these bonus episodes. So please feel free to shoot me an email: info@krismcpeak.com