How to Manage Multiple Side Hustles Without Overwhelm
Starting up a new side hustle is an excellent way to earn a passive income, connect with new people and acquire valuable skills. However, there are two common phrases that pop up when considering setting up a new business. On one hand some believe that it’s better to go all in on one thing rather than spreading yourself too thinly. On the other hand, some experts advise you not to put all of your eggs into one basket. So, how do you find a fine balance and find the time to run several small businesses successfully?
What Exactly is a Side Hustle?
A side hustle refers to any additional work or income-generating activity pursued alongside a primary job or commitment. It’s a way for individuals to leverage their skills, interests, or resources to earn extra money outside of their regular employment. Side hustles can range from freelance gigs and online selling to providing services or creating digital products. Common examples include freelance writing, graphic design, tutoring, pet sitting, ride-sharing, affiliate marketing, and selling handmade crafts or products online. The income potential of side hustles varies widely depending on factors such as time investment, skill level, market demand, and the nature of the hustle itself. While some people may only earn a few hundred dollars a month from their side hustle, others have been able to turn it into a significant source of income, sometimes even surpassing their primary job earnings. The flexibility of side hustles allows individuals to scale their efforts based on their goals and availability, making it a popular option for those looking to supplement their income or pursue entrepreneurial activity.
Is a Side Hustle Different to a Small Business?
Side hustles and small businesses are both avenues for generating extra income outside of a traditional job, yet they differ in scope, intention, and scale. Side hustles are typically pursued part-time, often alongside full-time employment, and are often born out of a passion or hobby. They tend to require minimal upfront investment and can be as simple as freelancing, selling crafts online, or driving for a ride-sharing service. Small businesses, on the other hand, are usually launched with the intention of growing into a primary source of income. They involve more strategic planning, financial investment, and often require formal registration and adherence to regulatory requirements. While side hustles offer flexibility and immediate supplementary income, small businesses require more commitment and are geared towards long-term sustainability and growth.
Should you have Multiple Side Hustles or Just One?
There are many pros and cons to running multiple side hustles. Although there is no right or wrong answer to this question, there are many factors to consider when diving into new projects. If you have a full-time or even a part-time job and are juggling multiple small businesses as side hustles then managing your time will be one of your biggest issues. It’s true that juggling too much, especially when working on your own, can leave you feeling overwhelmed and it can be counterproductive.
However, that doesn’t mean that you shouldn’t try out different business opportunities. When trying to work out what kind of business you should start and which of your interests you should pursue, one of the best ways to reach the correct answer is to simply try out a few different business ideas. Multi-hyphenate careers have become increasingly popular in recent years and some even say that it’s the secret behind happiness in your work. This isn’t always possible if the initial start-up cost is expensive but if you’re undecided between a handful of online business ventures then trying them out for yourself to see which you enjoy the most is the best way to reach a decision and feel happy with your choice. Even if it doesn’t work out, lessons learned are better than regretting having never tried!
What are the Best Creative Side Hustles?
The best creative side hustles offer a perfect blend of passion, skill, and income potential. One popular option is freelance writing, which allows individuals to express their creativity through words while earning money by writing articles, blog posts, or copywriting for businesses. Another creative side hustle is graphic design, where talented individuals can create visual content such as logos, branding materials, and digital illustrations for clients. Additionally, photography offers a lucrative side hustle opportunity, allowing photographers to capture moments and create stunning visuals for events, portraits, or stock photography. Other creative side hustles include crafting handmade products for sale, such as jewellery, art, or home decor items, and offering creative services such as music lessons, painting classes, or custom artwork commissions. Ultimately, the best creative side hustle is one that allows individuals to leverage their unique talents and interests to generate income while pursuing their passion for creativity.
1. Best Music Side Hustles to Start:
When it comes to music side hustles, there are several options for talented individuals to explore.
- One lucrative opportunity is offering music lessons, either in person or online, to aspiring musicians of all ages. Teaching instruments such as piano, guitar, or voice can provide a steady stream of income while sharing your passion for music with others.
- Another option is performing gigs at local venues, events, or weddings, showcasing your musical talents and earning money through live performances.
- Additionally, creating and selling music online through platforms like Spotify, iTunes, or Bandcamp can generate passive income while allowing you to reach a global audience with your music.
2. Non-Mlm Side Hustles:
If you’re specifically looking for a side hustle that isn’t an MLM (multilevel marketing) but are looking for a sociable way of earning an extra passive income then here are a couple of great options for you.
- One option is freelance writing or copywriting, leveraging your writing skills to create content for businesses, websites, or publications.
- Another non-mlm side hustle is starting a blog or YouTube channel focused on a specific niche or interest, such as travel, fitness, or personal finance, and monetising it through advertising, sponsored content, or affiliate marketing.
- Additionally, offering virtual assistant services, graphic design, or social media management to small businesses can be a lucrative side hustle for non-parents looking to earn extra income.
3. Construction Side Hustles:
Construction side hustles offer opportunities for individuals with skills in carpentry, plumbing, electrical work, or general contracting to earn extra income outside of their primary job. One option is offering handyman services to homeowners or businesses, tackling small repair or renovation projects such as installing shelves, fixing leaky faucets, or painting rooms. Another construction side hustle is flipping houses, buying distressed properties, renovating them, and selling them for a profit. Additionally, offering specialised services such as deck building, landscaping, or concrete work can be a lucrative side hustle for construction professionals.
4. Good Winter Side Hustles:
During the winter months, there are several side hustles that can help individuals earn extra income while taking advantage of the seasonal demand. One option is snow removal services, offering to clear driveways, sidewalks, or parking lots after snowstorms for homeowners or businesses. Another good winter side hustle is holiday decorating, helping homeowners or businesses decorate their homes or storefronts for the festive season. Additionally, offering tutoring or teaching lessons in subjects such as skiing, snowboarding, or ice skating can be a rewarding side hustle during the winter months.
5. Fitness Side Hustles:
Fitness side hustles offer opportunities for individuals passionate about health and wellness to earn extra income while helping others achieve their fitness goals. One option is becoming a certified personal trainer and offering one-on-one or group training sessions at local gyms, parks, or clients’ homes. Another fitness side hustle is teaching fitness classes such as yoga, Pilates, or boot camp-style workouts at gyms or community centres. Additionally, offering online coaching or creating digital fitness programs can be a scalable side hustle for fitness enthusiasts looking to reach a wider audience.
6. Fashion Side Hustles:
Fashion side hustles cater to individuals with a keen eye for style and trends, offering various opportunities to turn their passion for fashion into extra income. One option is starting an online boutique or selling handmade clothing, accessories, or jewellery through platforms like Etsy or Shopify. Another fashion side hustle is offering personal styling services, helping clients create stylish and cohesive outfits for special events or everyday wear. Additionally, becoming a fashion influencer or affiliate marketer, promoting clothing brands and products on social media, can be a lucrative side hustle for fashion enthusiasts.
7. Accounting Side Hustles:
Accounting side hustles offer opportunities for individuals with financial expertise to earn extra income while providing valuable services to businesses and individuals. One option is offering freelance accounting or bookkeeping services to small businesses, helping them manage their finances, prepare taxes, and maintain accurate records. Another accounting side hustle is providing consulting services on financial planning, budgeting, or investment strategies to individuals or families. Additionally, offering online courses or workshops on accounting topics such as QuickBooks or tax preparation can be a scalable side hustle for accounting professionals.
How to Manage Multiple Side Hustles Effectively
The key to managing multiple side hustles or small business ventures is to set boundaries, define a clear goal for each and order them in terms of importance. Usually, the most important project will either be the one you enjoy most and wish to grow or the one that is currently earning the most revenue.
It’s crucial to understand the hierarchy of your commitments when managing multiple side hustles alongside a primary business. Begin by identifying your primary business and its core objectives. This will serve as your foundation and guide your decision-making process. Next, evaluate your side hustles and prioritise them based on factors such as profitability, passion, and long-term potential. Consider how each side hustle aligns with your overall goals and values to ensure they complement rather than compete with each other.
Establish Clear Boundaries
Establishing clear boundaries is essential to prevent overwhelm and maintain focus on your various endeavours. Set boundaries between your primary business and side hustles to avoid spreading yourself too thin. Define specific work hours and allocate dedicated time slots for each endeavour, ensuring you give adequate attention to all aspects of your business. Communicate these boundaries with clients, partners, and team members to manage expectations effectively and prevent misunderstandings.
Streamline Your Workflow
Streamlining your workflow is key to managing multiple side hustles and a business efficiently. Utilise productivity tools and apps to streamline tasks and manage projects effectively. Implement automation and delegation strategies to delegate repetitive or low-value tasks, freeing up time for higher-priority activities. Optimise your workspace for maximum focus and productivity, eliminating distractions and creating an environment conducive to productivity and creativity.
Practice Effective Time Management
Effective time management is essential when juggling multiple commitments. Use time blocking techniques to allocate time for different tasks and projects, ensuring you prioritise essential activities. Prioritise tasks based on urgency and importance, leveraging techniques like the Eisenhower Matrix to make informed decisions about where to focus your energy. Schedule regular breaks and incorporate time for self-care to prevent burnout and maintain productivity in the long run.
Cultivate a Growth Mindset
Cultivating a growth mindset is crucial for navigating the challenges of managing multiple side hustles and a business. Embrace challenges and setbacks as opportunities for growth and learning, reframing obstacles as stepping stones to success. Foster resilience and adaptability to navigate the uncertainties of entrepreneurship with grace and determination. Seek feedback from mentors, peers, and customers to continuously improve and innovate, embracing a mindset of lifelong learning and growth.
Manage Stress and Maintain Balance
Managing stress and maintaining balance are essential for sustainable success as an entrepreneur. Develop stress management techniques such as mindfulness, meditation, or exercise to cope with the inevitable challenges of managing multiple ventures. Establish boundaries between work and personal life to prevent burnout and maintain work-life balance. Prioritise self-care activities and hobbies to recharge and rejuvenate outside of work, ensuring you have the energy and resilience to tackle your entrepreneurial endeavours with enthusiasm and focus.
