#59: What are the growing pains when scaling your part-time side hustle to a full-time business?
Episode 59: What are the growing pains when scaling your part-time side hustle to a full-time business?
Join Josh and Amelie as they discuss coaching clients with biweekly pay, including what to do with those magical three paycheck months!
- The biggest mistake is that people view it as replacing an income–but you’re replacing an entire job (salary AND benefits!), not just your gross annual salary.
- The second biggest mistake is that people believe they can replace their job without a leap of faith.
- If your company’s revenue drops 20%, your paycheck reflects that 20% drop.
- If you’re starting from scratch, two years of runway is a bare minimum and three is much safer.
- If you’ve got a good headstart (say, halfway to where you’d like annual revenue to be), then a year of runway would be safe.
- If you feel like you have no other choice or if there are significant changes happening in your personal life, those are not great times to try to go full-time.
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