Tag Archives: #DYJKTH

Side Hustle expansion

So you know how we’ve been posting more sporadically than maybe ever before? When we do post lately, we’ve given you ‘what we’ve been up to posts.’ Here’s the grand reveal of it all!

Some of our longtime readers may remember our Divorce Your Job, Keep The House #DYJKTH series. (If you’re a newer Talker, click here to check out the 1st installment from 2014.) So you’ve probably followed our journey from employees to Entrepreneurs while keeping the house. Well that last part ( the 🏠) needed an upgrade and that’s where the pictures and our hit-and-miss postings come in.

"What we've been up to" recap

Amidst all of the chaos of 2020, we sold our primary residence and bought another larger one that actually came with a smaller home cost. Weird how that worked out! But what’s even better is that with the increase in size and the updates we’ve been posting, we finally have a guest suite to let out for short term rentals.

🎆 We divorced our jobs, upgraded the house, and added another side-hustle! 🎆 We won’t bore you with the step-by-step details unless you TALK BACK 2 US in the comments and say you’d like to read more.

Just know that we’re already expecting our first few guests within a few days of going public 😁 And expect more regular Small Biz/Side-Hustle Saturday posts going forward now that we’ve gotten this hurdle out of the way.

What Can I Do to Gain Leadership Experience? Become a Mentor (8 Tips for Women)

by Stephanie Harbin

Although mentoring is one way to gain leadership experience, it requires commitment and compassion to stay the course. Simply put, mentoring should not be taken lightly. Whether the mentee is an adult or youth, the individual will be relying on you to be available and to provide guidance. Hence, this article suggests eight tips to ponder before taking the leap.

8 Tips

  1. Consider your motive.

What is your motive? This question supersedes everything. If you lack clarity and do not have a big enough why, maybe you need to rethink mentoring as a strategy to acquire leadership experience. Aside from possessing a combination of skills and qualities, you must care about people and their success. So, reflect carefully on your response to the initial question. At length, making a difference should be the major objective.

  1. Write down your goals.

Deciding to become a mentor is one thing, but creating a plan to make it happen is another. For that purpose, develop SMART goals. As you may know, SMART stands for: Specific, Measurable, Attainable, Realistic, and Timely.

What do you need to accomplish in the next week or next 30 days? What do you want to accomplish in a year? Use a journal or spiral notebook to record the information. Plan to succeed.

  1. Begin where it makes sense.

Several groups need mentors: young adults transitioning out of foster care, students (high school and college), women re-entering the workplace, women returning to the community after incarceration, troubled youth, first time supervisors, entrepreneurs, etc. Where do you think you can make the greatest impact?

  1. Keep an open mind.

Your mindset will make the difference. That’s why it is imperative to refrain from being judgmental or biased. Both can stunt the growth of the mentor-mentee relationship.

  1. Perform thorough research.

Read literature to discover the mission of the agency, the programs, and services. Who are the clients? What are their needs? Uncover the challenges and/or opportunities. Even though mentors receive training, never neglect your homework.

  1. Think about potential challenges.

Be encouraged to face any perceived limitations or fears. However, brainstorm ways to overcome them.

  1. Seek to maintain balance.

Effective mentors excel in buildings relationships and relationship building requires time. Still, you cannot lose sight of your other obligations. With that said, get a firm handle of your current schedule. Sharpen your time management skills so that you don’t stress out.

  1. Take the next step.

If you’ve done all of the above, then make your move. There’s no time like the present to get started.

You’re invited to visit https://www.everythingleadership.store to download a FREE 7 Proclamations for You to Make Every Day and Recommended Reading List – Business, Success pdf.

Article Source: https://EzineArticles.com/expert/Stephanie_Harbin/77858

Article Source: http://EzineArticles.com/9971107

Looking for mentorship to start your own business? WE HAVE THAT! Click here for more details.

Passive Income: How It Works

What if there were a way to increase your cash flow without starting a second job, changing careers, or getting a raise?

If you’re like many, that sounds exactly like what you and your family need! Who wouldn’t want some extra money coming in? It might seem like pie in the sky, but it’s not a fantasy.

Earning a passive income is more achievable than you might realize. Read on to discover how passive incomes work, what makes them so advantageous, and common ways to create them.

In general, a passive income is cash flow that requires little to no regular effort to create and maintain.

That’s not to say that they don’t require work. But the labor involved in opening a passive income stream is normally upfront—you spend time and/or money in the beginning to set up the income stream, then sit back and reap the rewards as time goes on.

It’s an advantageous model because it can potentially free up your time—which is the most valuable resource you have.

But be warned—not all opportunities to create passive income are created equal. Here are a few proven strategies for you to consider!

Create digital products. EBooks, online courses, stock photos, and stock music are all passive income generators. They require initial time investments to create and publish, but then earn you money as users buy them over time.

Rent out property. Renting is a classic source of passive income. It requires money upfront to buy the property—and maybe time and more money for renovations. But once rent starts coming in, they’re income sources that don’t require your daily attention. (Note: Becoming a landlord may have other costs involved, like repairs or replacing old equipment or appliances.)

Build a team of sales professionals. This is the hidden gem of passive income. There’s a starting commitment of time to learn about your market and how to close sales. Then you’ll need to create a team of salespeople. Every time they make a sale, you earn a portion of the profit. Once you’ve mastered the basics, the sky’s the limit for how much passive income you can potentially earn!

If having a passive income stirs your interest, let us know. Register for our FREE class this Saturday, February 13th at 2:30 PM EST to get ideas for your passive income opportunity and what things need to be part of your plan. Afterwards if you’re interested you can get a FREE review of your financial position, skills, and the opportunities available and see which one might work best for you!

Really we’re offering both of these items for free, no catch. Of course we’d love it if you find out that our first course offering is a great fit for you, but even if it isn’t you’ll still be eligible to get the free review. So go ahead and register and tell a friend or three!

Start that side hustle like a pro!

If you’ve visited this blog before, you’ve heard us talk about your “hustle” or “side gig.”

There even was a series of posts about transitioning your side-gig into your main gig. It’s in style; and it makes sense—and cents? Gigs are now just a click or tap away on most of our devices, and a little extra money never hurts!

But what we haven’t done is given you specific tips on successfully starting that side-gig. We’ve talked about what you could do, but not so much about how to do whatever you decide to do. Here are a few things to consider when starting up a side hustle.

Checklist Free Stock Photo - Public Domain Pictures

What are your side hustle goals? We typically think of a side hustle as being an easy way to score a little extra cash. But they can sometimes be gateways into bigger things. Do you have skills that you’d like to develop into a full time career? A passion that you can turn into a business? Or do you just need some serious additional income to pay down debt? These considerations can help you determine how much time and money you invest into your gig and what gigs to pursue.

What are your marketable skills? Some gigs don’t require many skills beyond a serviceable car and a driver’s license. But others can be great outlets for your hobbies and skills. Love writing? Start freelancing on your weekends. Got massive gains from hours at the gym and love the outdoors? Start doing moving jobs in your spare time. You might be surprised by the demand for your passions!

Keep it reasonable Burnout is no joke. Some people thrive on 80 hour work weeks between jobs and side hustles, but don’t feel pressured to bite off more than you can chew. Consider how much you’re willing to commit to your gigs and don’t exceed that limit.

One great thing about side hustles is their flexibility. You choose your level of commitment, you find the work, and your success can depend on how much you put in. Consider your goals and inventory your skills to get there—and start hustling!

How to Divorce Your Job and Keep the House – #1

Let’s have a virtual show of hands, “Who hates their day job?”

raised_hands
Click to take the poll. See the results in the next post.

Everyday at mine, I encourage youths to really think about what job they will have and make sure it’s something they enjoy while my distaste for my job slowly grows. Believe it or not, I actually was excited when I began about what I how it would help me reach my personal goals and enjoyed it up until bureaucratic changes sapped all the joy from it. It’s become an abusive relationship. So I think it’s time to divorce my job just like I did my cheating, abusive ex.

(Was that TMI?)

Of course you should never rush into a divorce with a spouse and the same thing goes for your job. I’ve been contemplating this change for about the past three years and researching how to do it successfully,  keep my house (the job can keep the kids and the pets), and progress towards full-time self-employment. My (Blogging 201) goal is for this to be a new biweekly post series, filled with tips, research, and my own personal experiences. So on to the first tip.

ECVtalkbubbleTip 1: Have a side-hustle, side-gig, or alternate income stream.

Most everyone is looking for ways to supplement their income these days. I’ve been doing it myself for about 10 years now. While there have been good and not-so-good years, I’ve persisted which is a key trait when your goal is to be self-employed.

Don’t know what you might be able to do?

Well if you’re reading this you might be a blogger. Fellow blogger Charlene Oldham talks about opportunities to get paid for your writing. She also suggested the site Elance.com. This site actually suggests work based on the skills you enter when you register. Check it out for ideas or do a web search for similar sites.

Check back in two weeks for a list of side-gig suggestions.