Side hustles are a regular economic reality these days as many of us search for new revenue streams to pad our income and stay in the black, but how do you successfully make your side hustle your main livelihood? For this month’s Money Tips Monday, Travis Lowe sat down with two people to talk about exactly that -- one person who risked it all to do it and the other, one of the people who helped her along the way.
Brandi Haaf of Empire Crepe is one of a growing number of people whose passion turned side hustle has led them to take a plunge into a new economic pool. This month, for Money Tips Monday, Travis Lowe spoke with her about what it took to risk it all and who helped her along the way.Haaf said food trucks and the way they chase events tend to limit the ability to create an atmosphere, or a vibe, that a brick-and-mortar operation can offer.
Robson said, typically, if you have a certain amount of demand where you just can’t keep up with it during your spare time.Share of Canadians missing mortgage payments is down from last year: CMHC“So that’s a good start and the second one might be your passion. If your day to day job isn’t doing it for you and you can make it work financially or otherwise than that’s the time to make the transition,” he said.
For that, Robson said there is no right or wrong answer but a sole proprietorship is the easiest way to start an official new chapter in one’s business life.