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You Can Skip The Traditional Business Plan When Starting A Side Hustle

  • 2 min read

You don’t have to have everything figured out.

The other day, I published my first story with “The Side Hustle Club”.

This publication is for people who want to start a side hustle or belong to the 40% of Americans who have already a business on the side.

Aside from making some good money, the most appealing thing about a side hustle is…

  • being rewarded for your hard work
  • using your creative gifts effectively

Based on my story, I received several emails from people who think they need to have all their ducks in a row.

You don’t need a business plan

You certainly don’t need a detailed presentation or anything resembling a conventional business plan before you begin creating your business.

You can skip specifics such as revenue projections, target market analysis, and long-term growth plans…

I didn’t have anything close to a business plan when I first started!

Don’t think you have to have every detail figured out — no one ever does!

However, I do suggest creating a simple financial plan.

Map out any expenses you might incur off the bat.

This might include software (for recording videos) or platform fees ($5 membership on Medium), and any hardware or equipment you might want to purchase or upgrade.

A simple financial plan helps you to be prepared and know what to expect.

That’s the beauty of a side hustle:

  • the overhead of an online business is low, you can get started right away and then figure things out!

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