Lately, I’ve been getting more questions from aspiring business owners. Today, I want to share the financial mistakes to avoid and how to set yourself up for success if you intend to start a side hustle or transition into self-employment.
But people often try to make this leap too soon and sometimes, it’s more for the perceived status of claiming you run your own business, than it is because your business is actually viable. You have to have the stamina to withstand the ups and downs until you reach that point. Business is a marathon, not a sprint.
You’re then continually forced to choose between your dreams and your financial security, which will wear you down over time .If you’re trying to buy a house, and start a business, and you’re carrying credit card debt, and you have a car loan…you might be taking on too much financial risk, all at once.