If you’re an entrepreneur who’s in the middle of founding a startup, you likely already know how vital it is to keep your personal finances healthy. After all, you can’t grow a business if you can’t even see to your own needs. However, it isn’t always easy to hold down a full-time job while still giving your all to your new venture. Fortunately, you can always turn to side hustles to keep yourself afloat while you work on your new business.
The difficult part of that is choosing the right side hustles. You can’t choose work that takes up too much of your time, nor can you choose work that robs you of schedule flexibility. It’s also a bad idea to pick a side hustle that will distract you too much from your long-term business goals. To satisfy those conditions, your best option is to choose a side hustle that will help you earn money while developing skills that can help you further your startup’s development. Here are three side hustles that can help you build valuable skills you can use to make your startup dreams come true.
Remote Bookkeeping
Launching and growing a startup is a difficult task. In fact, approximately 90% of startups never make it to their fifth year of operation. One of the key reasons for that is financial mismanagement. Lack of capital and poor cash flow often doom new ventures, as does flawed financial recordkeeping. That’s what makes a bookkeeping side hustle perfect for entrepreneurs. For one thing, it’s a skill that’s very much in demand. Plus, much of that demand comes from small businesses, further reinforcing what an important skill bookkeeping is for a founder to have.
Plus, learning bookkeeping basics is easy enough, and the work will provide valuable experience for any entrepreneur. To get started, all you have to do is take some bookkeeping courses online that cover beginner and intermediate skills. Then, decide on a rate and start advertising your services on freelancer sites like Upwork and Fiverr. Then, take on as many clients as you have time for while still devoting time to your startup.
IT Support Services
No matter what kind of business you’re trying to get off the ground, you will need someone on your team who can keep your technology up and running. So, why not be that person yourself? You can do so by acquiring the skills you need to perform basic IT helpdesk and networking support and turning it into a side hustle. If you’re particularly ambitious, you can even market your services to local small businesses that don’t keep an IT support firm on standby. You’d be shocked how many small businesses will pay freelancers to perform basic tasks like setting up computer networks, installing software, and configuring printers and other devices.
You can get started by taking a few basic IT support and networking courses. There are even plenty of free options, so you won’t need to invest anything to get started. Best of all, you’ll hone a variety of skills that will save your startup money and keep its IT assets working properly. You’ll even get to see how other businesses deploy and use technology in the real world, which may aid your strategic decision-making for your own business.
Social Media Marketing
Finally, a social media marketing side hustle could be both monetarily rewarding and help you build skills that can supercharge your startup’s brand without having to pay someone else to do it. These days, almost every business will require a social media presence and an engagement strategy to go with it. Experts on the subject get paid quite well to handle those necessities. If you learn to do this yourself, you could turn it into a lucrative side hustle. Then, you could use your newfound skills to benefit your own startup.
Learning about the current social media landscape is a great place to start if you want to begin a social media marketing side hustle. That’s because marketing via social media is an ever-evolving discipline where skills, tactics, and even platforms come in and out of vogue constantly. In other words, you can cut down on the skills you’ll need by focusing on what works right now and building from there. Once you figure out what skills you wish to master, you can acquire them via countless freely available programs online. Then, you can use your new skills to build your own personal social media presence to help you attract customers for your side hustle. Once you’ve landed a few and run some successful social campaigns, you can start using your skills toward promoting your own startup.
Hustle for Startup Success
Any of the three side hustle ideas detailed above can make perfect opportunities for startup founders to earn significant sums and develop useful skills. All offer as much or as little schedule flexibility as you need and can help you keep your new venture moving forward at all times. Plus, nothing is stopping you from hopping from one of these side hustles to another as you work to build the well-rounded skill set that modern entrepreneurs require to succeed. You may even find that you have more aptitude for some of these fields than you thought, and that may even lead you to an even better startup idea than you began with. In short, you have nothing to lose with any of these side hustles and far more to gain than you could possibly realize.
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