How to start a side hustle and start making money immediately
EPISODE SUMMARY
In this episode of Chan With A Plan, host Max Chan speaks with Vanessa Zamy, who runs her own consulting company, Your Vision’s Catalyst that coaches and advises 9-to-5ers on how to build a profit producing, purpose driven side hustle. Vanessa debunks common myths about side hustles and guides you on how to set up the proper foundation for success. We end the discussion on what is the right amount of monthly revenue you need to generate to start considering making your side hustle a full time venture.
QUOTES
“You don’t need a 35 page business plan here. What you need is you need something to share with the world so they can understand what it is that you are delivering. So the 3 components of that, that I always tell my clients are who, what, how. Who are you serving? What problem do they have? And how it is that you help them?” - Vanessa Zamy [10:34]
“Don’t be sitting here doing DIY, if you try DIY stuff all your life, guess what, you're going to waste 5, 10, 15 years, which you could have done in 1 month, you going to end up spending 5 years trying to get it done. That’s what happens to the DIYers. So ensure you get the help and support that you need, whether it’s a mentor, whether it’s an expert, whether it’s a coach, whatever it may be, but get the guidance that you need, so you can ensure that you are successful and set up for success from the get go.” - Vanessa Zamy [17:35]
“The first income goal you want to reach [to consider going full time on your side hustle] is that you want to be able to in a month for your business reach a point where you have covered your business and personal expenses and then you want to be at least consistent with that.” - Vanessa Zamy [24:13]
TIMESTAMPS
[0:41] Meet Vanessa Zamy
[2:17] Overview of Vanessa’s side hustle program and how she helps 9 to 5ers start a side hustle
[3:54] Biggest myths about starting side hustles and what Vanessa’s advice is to help you navigate through them
[8:22] Going through an example of a restaurant business as a side hustle
[10:22] How to set up the foundation for a side hustle and going through an example
[14:36] When should you expect your first sale from your side hustle to validate your business
[16:16] What entrepreneurs aren't telling you when they are pushing their programs to show you how to make a lot of money in a short time
[17:33] Why you shouldn’t Do-It-Yourself (DIY) if you want to build a successful side business fast
[22:57] When you should consider going full time on your side hustle
[26:13] How to have the discussion with your family about quitting your day job to go pursue your side hustle full time
[28:09] Contacting Vanessa
[29:03] Outro
