Whether you started your side hustle as a way to earn extra money or as something that could potentially turn into a full time business for you, trying to manage a side hustle while working a full time job requires a lot of effort.
According to a recent report, about 30% of Canadians participate in some sort of side hustle or gig work in addition to their full time jobs.
You are not alone.
More and more people are realizing that you cannot depend on a single stream of income and starting a side hustle is a great way to diversify your income, earn more and also develop and strengthen skills.
Before I started my freelance business, I was hesitant because I knew that doing so would offer a lot of challenges.
- What if I am not able to keep up with the demands of my job?
- What if my relationships with family and friends suffer?
- Will I still be able to enjoy my life?
These are all questions that ran through my mind.
I was tempted to give up, but with the right strategies, I have been able to manage my side hustle. Even while working a demanding full time job and even while chasing a toddler around the house.
I am going to be sharing with you exactly how I manage my side hustle:
Here’s a video for those who prefer to watch!
Manage Your Side Hustle By Changing Your Mindset
First things first!
I WANT YOU TO KNOW THAT YOU CAN DO IT!
And that it is totally possible to manage a side hustle even as a mom working a full time job. It is not going to be easy, but having the mindset that it is possible is something that will help you to be successful in your efforts of trying to balance all the competing priorities that will come your way.
If you are looking to start a side hustle based on your passion or purpose, do not let the fact that it is going to be difficult stop you. Acknowledge the fact and make a decision that you will do it anyway.
Change The Way You Think About Your Full Time Job
It is quite common to complain about your full time job and how it gets in the way of your side hustle. This is especially the case if your side hustle is something that you are trying to grow and one day turn into a full time business.
You need to reframe your mindset and start seeing your full time job as an asset. Instead of complaining, think of your full time job as your first client. Without that job, you wouldn’t have the money that you need to invest in your side hustle. Having a full time job also shelters you from the financial stress and pressures in the early stages of a business.
You do not have to worry about how you will pay your bills and put food on the table.
Once you have your mindset right, you need to get to work…. work on your TIME Management.
Remember to Stay Focused
The most important productivity tip that I can give you is to maintain focus on whatever you are working on. This means that you try not to multi task. This reduces your productivity. Instead, when you are laser focused on one task, you can get so much done.
You must understand that not everything has equal priority so do not treat it like it does. When we forget to prioritze, our to-do lists get so long and we get overwhelmed with all of the things that we need to accomplish.
By prioritizing, you can cut a list of 20 tasks into 2 or 3. That is all you have to do.
This is going to be difficult for some people., but it is importnat to let go of low priority taks and focus on taks that are high vlaue and align with the goals that we would like to acheive.
How To Manage Your Time
Time is our biggest asset and as a side hustler or someone working on a passion project, time is something that you don’t have a lot of outside of your full time job.
But you have to start by setting out your goals- be clear on them and come up with all the steps that you need to take to get there.
1. How Bad Do You Want It?
Remember how I said having a side hustle was going to offer challenges?
Well in order to move past these, you need to decide how bad you want this side hustle.
The answer to this: You need to want it bad enough to be able to balance your side hustle and your full time job.
There are many people who want things. They don’t go after their dream simply because they want to fantasize and talk about their dream. But what will set you apart is the hunger and the drive that you have for the things that you want to go after.
Once you decide on this you need to…
2. Understand What You Can Handle
We all have 24 hours in the day and you need to be able to account for these hours by time blocking.
Step 1- Block out time for your full time job
Start by blocking out the time that you cannot work on your side hustle.
Block out the time that you are scheduled to be at your full time job.
Don’t forget to add in things like commuting if you need to commute to work.
If you have a morning routine, mark that out as well.
Step 2- Block out time for high priority tasks
Once you have blocked out the time you spend on your full time job, you can add other commitments that you have. Start with the high priority tasks and block them out on your schedule in order of priority.
Step 3- Look at whats left
What you have left is time that you can dedicate to your side hustle.
If you feel that it is not enough time for you, you may have to move on to the next step.
Step 4- Get creative with your schedule
Get creative and see if there are different ways to do certain things. For instance, you may be able to elicit help from your partner, friends or family members to do certain tasks. These can be helping out with the cooking, picking up kids from school. Whatever is most applicable to you.
You may choose to wake up an hour or two earlier to work on your side hustle before you leave for work or you can also look for ways to work on your side hustle when you are on break at work.
Step 5- Tweak schedule until you are happy with it
It is your schedule, so it is completely fine to change things around as much as you need to until you get the schedule to work for you.
Step 6- Commit to your schedule
Now once you have your schedule, it is also important that you commit to it. Hold yourself to the same standard that you would at your day job.
Set Realistic Expectations For Yourself
It is also important to recognize that you have significantly less time than someone working on their business or creative passions full time. Adjust your expectations and be realistic about what you will be able to accomplish with your limited time.
There is absolutely nothing wrong with taking things slow as long as you are moving in the direction of your goals.
Schedule Time For Rest
There is a reason why rest is important. You need to rejuvenate your body, your mind otherwise the whole process is draining and you start to lose track of why you started this business in the first place. So make sure you do not sleep on rest (pun intended).
Hopefully with these tips I hope you feel confident in knowing that it is possible for you to manage doing both.