This week’s top stories include small business advice covering the following four topics:
- The Secret Cause of Burnout and How Entrepreneurs Can Avoid It
- 6 Steps to Turn Your Side Hustle Into a Small Business
- How to Get Funds As An Entrepreneur
- American Self_employment Report 2019
Each week we scour all the top business-related magazines and newspapers for articles with the best advice for the small business owner, so you do not have to.
The Secret Cause of Burnout and How Entrepreneurs Can Avoid It
By: Aimee Tariq
If you’ve ever sat down at the end of a long day and questioned whether or not entrepreneurship is worth it, you’re not alone. In my years of working for myself, I’ve witnessed countless, talented entrepreneurs around me doubt themselves and their ability to succeed. If you can relate, rest assured it doesn’t automatically mean you’re not cut out for the vigorous life of an entrepreneur. If you’ve ever felt extra doubtful, anxious or stressed, it doesn’t mean you should throw in the towel and send in your application to the closest fast-food restaurant. It may just mean a few essential tweaks need to be made in your daily routine.
The real lesser-known reason why entrepreneurs often reach a critical breaking point in their careers — otherwise known as burnout.
Avoiding burnout as an entrepreneur begins with increasing your productivity. Learning how to become more productive allows you to free up a significant amount of your time, reduce stress, and train your brain to only focus on and fulfill tasks that lead to revenue and business growth. Here are four proven tips you can take and start using today to skyrocket your productivity, beat the odds of reaching burnout and truly enjoy the journey of being an entrepreneur.
Related Post: Why Owners Sell Their Business
6 Steps to Turn Your Side Hustle Into a Small Business
By: Lou Casale
The dream of being your own boss is a driving factor for many when it comes to striking out on their own, but the idea of starting a business from scratch without a safety net (financial or skill-wise) can prove overwhelming. The gig economy, which encompasses more than one-third of U.S. workers according to a Gallup report, has, however, helped mainstream this concept of embracing the unknown and pursuing one’s passion on the side while continuing to be gainfully employed full time.
At Hiscox, this information fueled us to uncover which elements people felt were necessary to transform their side hustle into a fully operational small business. The 2019 Hiscox Side Hustle to Small Business™ Study, which surveyed 400 small business owners whose companies started as side hustles, revealed that the majority of entrepreneurs (54%) were driven by a particular passion or the dream of owning their own business. Additionally, 30% of respondents noted they started their side hustle in a completely different industry from the one they worked in full time.
So, what do you need to do to turn your side hustle into your full-time business? Here are some tips
Related Post: Are You Committed?
How to Get Funds As An Entrepreneur
During the early stages of business, intending entrepreneurs and entrepreneurs all say one thing, MONEY! With money, a lot can be achieved and without it your entrepreneurial dreams would remain just dreams. So that’s why we’ll be showing you various ways entrepreneurs can raise funds for their businesses with ease.
Related Navigator Page: Advice About Financial Aspects When Starting A Small Business From Scratch
American Self-Employment Report 2019
As we first reported in 2018, large numbers of American workers are thinking about abandoning their full-time jobs in favor of self-employment. In our Third Annual Self-Employment Report, we estimate this number to be a staggering 24 million people. Such a shift, if realized will be profoundly consequential to the economy.
And yet, this year’s study also finds that only a fraction of these would-be small business owners have recently taken the plunge. Why the discrepancy?
Our third annual study digs deep into survey data from nearly 4,000 American workers to answer this and many other key questions regarding the self-employed economy
Related Post: The Top 19 Reason For Not Launching A Business Are Wrong
IF YOU LIKE OUR CONTENT PLEASE SUBSCRIBE AND SHARE IT ON YOUR SOCIAL MEDIA CHANNELS. THANK YOU!