Taking your side hustle or part time gig to full time status is a huge decision.  Today we’ll talk about when is the right time and what are the important things you need to think about and have in place before making that decision.  Oh, and Brad quit.

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Links:

http://startupcamp.com/write-incredible-business-plan-one-week/ – Dale Partridge – Startup Camp

Key Takeaways

  • Have A Plan In Place. Do the research in order to set yourself up for success. Have a plan for your income stream and your expenses.
  • Is your life ready to own a business? Have you created the necessary time to run a business 24/7
  • Think about the processes that go into running a  business. From your pipeline to your income streams. Create long term plans for real business wins
  • Be prepared for the smaller time consuming necessities like social media and day to day operations. They can become very time consuming, make sure you’re prepared and have a plan for these daily operations.

Homework

  • Work backwards from where you are (or want to be) and create a plan for how much you need to sell in order to have your life where you want it. Work the process backwards.

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