{"id":18476,"date":"2023-06-05T15:06:01","date_gmt":"2023-06-05T19:06:01","guid":{"rendered":"https:\/\/ifintechworld.com\/news\/the-side-hustle-secret-to-start-making-more-money-without-burning-out\/"},"modified":"2023-06-05T15:06:02","modified_gmt":"2023-06-05T19:06:02","slug":"the-side-hustle-secret-to-start-making-more-money-without-burning-out","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=18476","title":{"rendered":"The Side Hustle Secret To Start Making More Money Without Burning Out"},"content":{"rendered":"
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A tangible revenue goal that is meaningful to you will help you scale your side hustle without overworking. Here\u2019s the one that worked for me.<\/p>\n

I started my first business, a retail fashion company, seven years ago while working at a full-time job and going to graduate school on nights and weekends.<\/p>\n

Thinking You’ll Make As Much As You Can Is A Surefire Way To Burn Out<\/h2>\n

On average, 4.4 million businesses are launched each year in the United States. As a financial and business coach, I teach new entrepreneurs, who are growing a business alongside a day job, how to increase their revenue without reaching total burnout.<\/p>\n

Like 59% of women business owners, I wanted to experience more work and family balance. I mistakenly thought being a business owner would provide more flexibility, but it turned out to be the opposite. My first year of running my own company full time was incredibly stressful. I couldn\u2019t figure out how to balance all my responsibilities and not lose sleep at night.<\/p>\n

The worst part: I was working twice as hard as I did in my corporate job, but I was making no money. I made the mistake of setting a business goal to make as much as I can without any clear goal or strategy.<\/p>\n

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The \u2018Finding Your Why\u2019 Concept Was Too Abstract For Me<\/h2>\n

When it comes to effective business goal setting, a common piece of advice I\u2019ve received from other entrepreneurs and thought leaders like Simon Sinek is to \u201cfind your why.\u201d Rather than only setting an arbitrary revenue goal for your business, attach a meaningful reason to make it more motivating to you.<\/p>\n

However, when I tried this, my list of reasons still felt abstract, self-indulgent and just downright hard:<\/p>\n