Being an entrepreneur is synonymous with being financially unstable at times. While you’re growing your company, it’s important to be focused. But what if you could get a side hustle that would help bring in a healthy secondary income to alleviate some of that financial stress? And, best case, what if this side hustle could also help you grow your core business?

The good news is that there are a lot of companies that create opportunities for entrepreneurs that don’t require full-time work and can become a great companion to the work you’re doing. Better yet, they take out the hassle of having to create a second company to supplement your income because they do the legwork and allow you to plug in your skills and time.

Here are nine examples of opportunities that might be the perfect side hustle for you as you continue to grow your company!

1. Invest in real estate.

There are a lot of methods for making money in real estate, many of which don’t require your full time effort. Josh Dorkin, CEO and founder of BiggerPockets says you should consider land lording, flipping houses or wholesaling. His company’s website will help you manage and understand all of the different state laws and regulations, as well as leverage the largest worldwide network of real estate investors who come to his site to ask questions and help one another.

He also recommends finding people in your area with skill sets and expertise that you don’t have, and to partner with them or use them as a place to park your investment cash. You can join BiggerPockets for free and he recommends reading its Ultimate Beginner’s Guide, a free eight-chapter book on real estate investing for novices.

2. Drive a taxi.

Most of us are familiar with Uber and Lyft, the companies that took limo and town car services and gave them riders in their down time, and then expanded into recruiting regular citizens to utilize their free time to become taxi drivers. Have you considered being one of them?

I’ll never forget one of my UberX rides where the driver told me that he uses his spare time to make money driving as well as to leverage the networking he can do with each of his passengers as he grows his new business -- genius!

"One of the greatest things about the Uber platform is that it offers economic opportunity for a variety of drivers -- full time, part time, teachers in summer, full-time students, military spouses, etc. -- in more than 260 cities around the world,” says Molly Spaeth, an Uber spokesperson.

So if you’re in one of the 260 cities, you could be making your car into a money-generating experience and a networking opportunity on wheels!

3. Host the next-gen of tupperware parties.

There are many companies that do at-home parties and trunk shows where you can utilize the company’s products, marketing and operations infrastructure to build a side income by plugging in your network.

One that has proven to be very successful is Stella and Dot, where you become a jewelry consultant and host parties at friend's homes, local boutiques or events. Other popular brands include Rodan + Fields and Pure Romance.

4. Outsource your skills.

Can you do graphic design, data mining, website development, video editing, software development or customer service? Then you can parlay those skills by signing up on sites such as TaskRabbit or ODesk and get hired by their members to do jobs in any of these areas. You can pick and choose how often you want to work and what jobs you take!

5. Be a temp.

Long gone are the days of temp agencies and scouring the Internet for part-time or short-term work. Enter Wonolo, which helps people “work now locally.”

“Wonolo is a company that allows anyone to work for a few hours or a day at real companies doing real work," says AJ Brustein, the company's co-founder. "Want to help an ecommerce company fulfilling orders when they are busy, help out at a conference taking tickets, or assist in data entry at a wealth management firm? You can get numerous career experiences around the flexibility of your own schedule.”

You can get alerted of jobs available in your area immediately via Wonolo's app. Sounds perfect for a busy entrepreneur!

6. Rent out your pad.

Are you traveling for a business meeting and leaving your home empty? Do you have a spare room or guest house? It’s time to put them to work and list them on Airbnb or VRBO and make money on your property when you’re not using it!

7. Rent out your car.

If you can get on board with renting out your home, you’ll certainly understand the model created by companies such as RelayRides and FlightCar, which allow you to rent out your personal vehicle to their users.

I recently used RelayRides during a trip in San Francisco and had a great experience that didn’t require me to find a rental car center, and the cost was right. I even was able to get acquainted with the car’s owner, to whom I offered to help find a job.

It's another way to make money and network when you’re not using your car (like when you're parked at the airport thanks to FlightCar)!

8. Don’t just buy on eBay, sell there.

You can simply sell your own items, or you can make it into a side business.

“I run an eBay franchise in which I teach people how to run a re-sale business on eBay," says Garrett Brustein. "I do one-on-one training to show them where to get their inventory and how to list and ship items the same way I do so they can emulate the process and take all of the guess work out of the business. They are then able to do this as a part-time job in their free time."

Just think -- you can unload the stuff you don't want and go shopping to resell items all in the name of making money!

9. Get paid to network.

I know this one from personal experience! After founding my first company, a credit card processing brokerage, I began to organize networking events in my city to help young professionals interact in an environment where they wouldn’t fear getting sold to or hit on. I quickly realized the events were not only helping those in attendance to make valuable connections, but that there was real money to be made, as well.

Over time, I packaged the operations of Network Under 40 to enable entrepreneurs in other markets to bring the events to their cities. By becoming the epicenter of the network, it naturally parlays into building their full-time businesses as well as creates a healthy side income.

If you’re looking to make some money on the side and/or find channels through which you can build your primary business, it’s time to look into some of these options.

Author : Darrah Brustein

Source : entrepreneur.com

Categorized in Others

It’s easy to get sucked into the “busy” trap, stuck in a constant state of catching up. If you have a couple of days off during the holiday break, it’s a good time to hit the reset button, get around to tasks you’ve neglected, and start the New Year on the right foot.

Tackle Some Home Maintenance Projects

Now is a good time to get a head start on Spring cleaning and de-crapify your home. Start with a closet decluttering session. Identify your unwanted junk and sell, donate, or toss it. Then start cleaning, one room at a time.

Also, now is a good time to winterize your home. (Actually, a couple of months ago was a good time to do it, but if you didn’t get around to it, then now is the second-best time.) Here are a few things you can do to protect your home and keep it warm as temperatures get even colder: Weather strip, seal, and curtain your windows. Insulate your outlets and switches. Get rid of the draft under your door. Wrap your outdoor pipes.

While you’re at it, might as well tackle a little preventive maintenance, too, and keep your home from falling apart. A few common home repairs you can avoid with a little maintenance: Check for proper drainage to avoid foundation problems. Inspect old sewer pipes to prevent a sewage backup. Inspect your roof to avoid leaks.

It’s not the most thrilling way to spend your time off, but when else will you have time for these projects? Plus, you can clean and binge-watch Gilmore Girls simultaneously.

Finally Start That Book You’ve Wanted to Write

You probably won’t finish your entire manuscript over the holiday break, but it’s a good time to at least get started. Put a few words on the page, then come up with a writing schedule you can stick with for the rest of the year. Start the “don’t break the chain” system and steal this calendar to help you visualize the process.

While you’re at it, you can research what it takes to produce a book from start-to-finish, including the self-publishing process. Writer’s Digest is a useful resource for questions you might have about the process.

Similarly, if you’ve been thinking about launching a blog, you can use your downtime to do that, too. Research and set up the technical details: pick a platform, register your domain, and sign up for hosting. then come up with a regular writing schedule to stick with your goal.

Reach Inbox Zero

For some people, Inbox Zero isn’t just a fantasy. It’s possible to get through your massive amount of emails, it’s just takes some time and planning. The problem is, during regular business hours, for every email you delete, two more pop up in your inbox. The holidays are the perfect time to attempt Inbox Zero because, chances are, you have fewer emails coming through.

First, you can use a service like Mailstrom or Unroll.Me to clean up your subscriptions and remove yourself from unwanted mailing lists. Then, get your inbox organized. Use a tool like Sortd or switch to Inbox by Gmail to help automatically sort your emails according to category, like tasks, social, promotions, and so on. From there, come up with a system for maintaining this structure. If you really think Inbox Zero is a pipe dream, though, you can at least use your time off to come up with a system for organizing and managing your email flow so that it works better for you.

Get Your Finances in Order

Getting started with personal finance can be intimidating, particularly when your finances need a complete overhaul. You might not even know where to start. You don’t have to learn everything about money overnight, but if you have some down time, you can squeeze in a few lessons in Money 101.

There are a handful of super useful (and free!) online courses you can start during your time off. There’s the Family Finance course at Utah State University, for example. It consists of fourteen sessions at 100 minutes long that teach you budgeting, taxes, managing credit, and more. Purdue University has a whole course dedicated to Planning for a Secure Retirement, too. If you’ve been meaning to jumpstart your retirement savings, that course is a good place to start. Depending on how much time you have, you might even finish the course.

We’ve also created our own useful guides to help you learn personal finance basics, and you can find them here: How to Start Managing Your Money, For Those Who Never Learned Growing Up Adult Budgeting 101: How to Create Your First Budget In the Real World How to Build an Easy, Beginner “Set and Forget” Investment Portfolio The Start-to-Finish Guide to Buying a Home No Matter What, Building Wealth Always Comes Down to These Four Pillars

 

Again, you won’t learn it all at once, but while you have some free time, you might as well take that crucial first step toward better money habits.

Cross an Item Off Your Reading List

If you’re anything like me, you have a long list of books you’ve been meaning to get around to reading, you just never have the time to dig into them. Take out your reading list and pick a title.

Block out some time to get it done, pick a cozy area, and dig in. Alternatively, you could pick an audiobook and get your “reading” done while you’re tackling chores or other activities that don’t require much cognitive work.

If you don’t have a long reading list, and you’re just looking for a good book to start with, check out these novels that should be required reading for everyone.

Look for a Better Job

If you’ve been complaining about your job for a while now, why not use your time off to look for a better one? Aside from the possibility of finding something better, you may also dread going back to work a little less, too, knowing you’ve submitted some resumes and officially kickstarted your job search.

If you don’t have a resume, you can use a tool like Sumry or recently-mentioned Resume Beacon to help you create one. Then, review job boards specific to your field. LanceList is a great tool for freelancers, and MediaBistro is great for anyone in the writing, journalism, or media industry. If you’re looking for a new job in the healthcare or medical field, try HealtheCareers.

Even if you’re not actively looking for a new job, it can still be useful to search for one. It helps you stay up to date on the in-demand skills for your position. Plus, you never know what you’ll find.

Do Absolutely Nothing and Love It

Finally, there’s a case to be made for thoroughly enjoying your time off by not doing a damn thing. Sometimes doing nothing is the best thing you can do for your productivity. You know that regular breaks are important when you’re focused on a task. You have to get up and shift your mind a little bit so you can come back to the task with a fresh perspective, reenergized. For that same reason, it’s important to take long breaks from your day-to-day routine. It’s crucial to self-care, and self-care is an important part of the process because: It prevents “overload burnout.” It reduces the negative effects of stress. It helps you refocus

Not everyone has a job that lets them take extra time off during the holidays. If you do, you might as well use that time productively, even if that means not doing anything at all.

Author:  Kristin Wong

Source:  http://lifehacker.com/seven-ideas-to-make-the-most-of-your-time-off-during-th-1790333637

Categorized in Others

There isn’t much time left—hours, in fact. Maybe you forgot something, or maybe there’s a surprise giftee on your list you didn’t know about a few days ago. Either way, here’s how to pull a rabbit from your hat and give them something great this year.

10. Give Favors Instead of Objects

You might remember this from when you were a kid—if you didn’t have a gift to give, you could always give a “coupon book” of favors like doing the dishes, taking out the trash, or cleaning your room—stuff that you probably should do anyway, right? Well, those things make great last minute gifts too, and even work for those people who are infamously hard to give for.

Whether it’s the gift of helping them take down all of their holiday decorations, or the gift of help around the house in the New Year or help moving when they need it, a favor can go a long way—sometimes much farther—than yet another gift card or phone charger ever could.

9. Give them an Experience, or Plan One

Speaking of intangible gifts, don’t overlook the gift of experiences and memories. Ultimately, they matter more than the material things, and while they’re great if you’re low on cash, they’re also useful at the last minute, when all the shops are closed and it’s Christmas Eve.

A handmade card promising lessons in something you can happily teach, or a promise to do something awesome together, like take a cooking class, go on an awesome road trip, concert tickets or an evening at the opera, or some other activity or experience that matters to both of you, makes an incredible gift. If you’re having trouble coming up with ideas, consider services like previously mentioned Unstuff, which can help you come up with good ideas.

8. Hit the Grocery Store for Packaged Gifts (or Assemble Your Own Basket)

Alternatively, if all the shops aren’t closed, there’s one place you can probably go that’s full of last minute gift ideas—if you know how to package them. The grocery store.

From simple fruit baskets for a neighbor or colleague to gourmet packaged candies and other goodies, the grocery store is full of food options that may just need a little dressing up, a fresh gift tag, and you’re good to go—plus, if you find something tasty, you know it’ll be appreciated and enjoyed, even if it was a quick gift. Of course, gift cards are easily available at the grocery store as well, so that’s worth considering too (but we’ll get to those—and their digital options) later.

7. Give the Gift of Fancy Food or Coffee

While you’re at the grocery store, you could pick up something gourmet and fancy, like the fanciest coffee on the shelves, or some super limited edition box of candy—and those are great options. You could also do just as well and give the even more last-minute gift of a coffee subscription service, like the ones offered by previously mentioned MistoBox, or Boxo Coffee, which I’ve tried and enjoyed.

If a coffee subscription isn’t your style, there are subscription gifts for all sorts of people, likes, and tastes. You have plenty of choices, from fun little themed boxes to regular shipments of cheese, wine, or meat. If you’re still not sure, Cratejoy is a service designed to help you find the right one to give. Then sign up and pay for a subscription in your friends’ name, and give them the printout or a card that explains what the subscription is. Then they’ll enjoy your gift all year long, and look at you—you bought it online the night before you gave it.

6. Give the Gift of a Museum Membership

If your giftee isn’t the eating and drinking type, but instead the cultural, spends-the-weekends-out type, consider giving the gift of a museum membership. Even in places where museums are largely free admission (like my old town of Washington DC,) a subscription entitles you to a world of benefits, including special events, screenings, book signings, late night tours, social events, and other fancy affairs that everyone else would either never hear about or have to fight for tickets to get.

Plus, considering museum memberships often mean free or reduced-cost admission, special gifts, and discounts at museum stores, your gift won’t just support the museum you buy it from, it’ll also keep giving to your friend or loved one all year round. Just make sure they use it!

5. Give the Gift of Premium Web Apps and Services Everyone Loves

Since digital gifts are definitely some of the best last minute gifts, maybe instead of picking something a little further out of left field, you should consider giving the gift of the premium or paid version of a service they already use. Maybe you have a Pandora or Spotify junkie on your list, but they’ve never wanted to pay the subscription fee. Maybe you have a Netflix fan on your list who really wishes they could watch more old TV shows, and Hulu is right up their alley. Either way, we have a great list of those premium web apps and subscription services right here, and any or all of them would make great gifts—best of all, you can buy many of them online, right away, and have your gift subscription electronically delivered. You don’t even need to buy a card.

4. Give a Charitable Donation in Their Name

This may not be for everyone, but one great gift you can give—especially to someone who has everything, as it were—is a charitable donation in their name, ideally to an organization they love and support, or would support anyway. After all, there are plenty of very deserving charities and groups that could use a lift right now, and giving a gift in your friend or loved one’s name can really mean a lot.

Of course, it’ll also mean leaflets and address labels and more mail, but as long as you do your homework on the charity before you give, you can easily make sure that your donation will actually go to the organization’s mission and help the people it intends to help. If you need more suggestions, we have some specifically holiday-themed ones here.

3. Give Ebooks and Audiobooks

Always a great, quick gift, ebooks and audiobooks are easy to buy online at any time, easy to give to a friend or loved one (all you need is their email address), and just about anyone will appreciate them. Best of all, over at Amazon you can give either electronically and even specify the date they’re emailed to your recipient—so they can wake up on Christmas morning to an inbox with something good in it for a change, and not just the usual spam.

If you need a few tips, try this list of life-improving books we put together, and of course, check out these audiobook services for some suggestions—all of them have gift subscriptions and promotions you can take advantage of.

2. Gift Cards Always Work, both Physical and Virtual

Of course, this list wouldn’t be complete without gift cards. Sure, you could run over to the grocery store and pick up a few like we listed above, but you could just as easily buy your gift cards online, with electronic delivery, so you don’t have to leave the house. Best of all, this way you can send gift cards for virtually anything you want—whether it’s a bigwig like Amazon or a specialty, niche store that only your recipient will know and love.

Just make sure you grab gift cards that are worth having (and don’t have crazy fees or slowly depleting value over time) and include a personal note either with the card or in the gift email, just to make it a little more heartfelt.

1. Just Give Cash, but Make It Pretty

Finally, there’s always cash. Open your wallet or hit the ATM, grab a blank card, and go nuts. Make sure to include a personal note, just to make the gift a little more personal, or even a suggestion on how to spend it, like a well-earned bottle of wine or luxurious meal, or gas money for a road trip they’ve always wanted to take. It can make a simple cash gift way more personal.

If you’re the crafty type, well, you can get whimsical there too. Happy holidays!

Author:  Alan Henry

Source:  http://lifehacker.com/top-10-absolutely-last-minute-holiday-gift-ideas-1790278286

Categorized in News & Politics

While it’s always a  good idea to concentrate on ways to bring in new customers to your business and ramp up revenues, as a result, don’t forget that you can help your cash flows significantly by cutting costs around the office, too.

When it comes to saving money in the workplace, there are many innovative ways that you can get ahead without feeling like you’re tightening the purse strings too much. Read on for some tips for cutting costs as soon as possible, that you may not have considered just yet.

1. Crowdfund for Capital

Whether you’re operating a fledgling startup that you’re just trying to get established, or currently run a solid business that has been around for a while, you will probably look for a loan or investment capital at some point along the way to help you grow your organization. If this is the case, keep in mind that you may be able to cut costs by crowdfunding for capital rather than paying for expensive bank fees and interest rates.

In this digital age, technology and the rise in crowdfunding sites such as Kickstarter and Indiegogo mean that it is easier than ever to access a cash injection by unconventional methods. You can now connect with customers and investors who are keen to back your venture’s mission and product offerings through third-party sites which handle the paperwork while also giving you the chance to reach out to a receptive audience.

Pic2

Do you, for example, need to raise some money to create, introduce, or try out a new product, or perhaps purchase an important piece of equipment for the production of certain goods? If so, you may be able to raise the money you need online, through a crowdfunding website instead of going to a bank or other lender.

You usually won’t have to pay too much in the way of set-up fees to list your information on a crowdfunding site, and generally, don’t have to worry about expensive interest rates on the capital you raise either. Most crowdfunding investors simply want to receive a product when it is made or other low-cost goodies such as posters, T-shirts, key rings, signed copies of books, and other investment incentives. These are all usually much less expensive for a business to come up with than what they would have to pay when obtaining funds from a more traditional lender.

2. Use Free or Low-Cost Information

Before you go and spend lots of money on lawyers, accountants, financial consultants, and the like, it pays to remember that fees for such services can rapidly add up and end up costing you way more than expected. To save some money then, you should do everything you can to minimize the billable hours racked up by every consultant or service-based business you deal with.

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Keep in mind that you will find a lot of valuable information and other resources for free (or just a low cost) online, at libraries, and through business or other groups that help entrepreneurs. You may even have mentors, colleagues, or family and friends who can provide you with the information you need. Even just spending some time searching through the results on a search engine such as Google can provide you with a lot of the information you might have had to pay for in the past.

If you want to save some money consider, for example:

  • Online legal sites which provide free or reduced-rate legal agreements and case-law information
  • Accounting programs which provide tutorials, videos, and other step-by-step information to help people keep their bookwork in order and read or create reports
  • Free and low-cost photography websites which provide images you can use for your marketing and other tasks

3. Utilize Freelance Websites

No matter the type of business you run, you will likely have to, at some point in time, engage in activities such as graphic design, content writing, social media marketing, video creation, and the like to promote and grow your business. If you don’t have the skills and time yourself to handle these tasks or have the staff on hand to do it for you, you will have to outsource the work to a company or contractor that specializes in each area.

While this used to be quite expensive, these days you can save some cash by trying out services on websites like Freelancer, Fiverr, and Upwork. It is important to be discerning when you select a person from those advertising online, but it is definitely possible to find experts in their field who charge a lower rate than traditional, larger outfits.

Due to the fact that many professional service providers now work from home and don’t have to pay for large overheads such as an office or retail space, they can charge more affordable rates. These savings can then be passed on to other business owners.

Author:  MELISSA THOMPSON

Source:  http://www.lifehack.org/

Categorized in Business Research

What strikes the minds of ordinary people who want to start a business in Nepal? A clothing store? A beauty parlour? A restaurant? Or a lounge bar? The techno-savvy ones, on the other hand, would probably think of starting an e-commerce company or may be a social networking site.

In other words, many aspiring entrepreneurs only think of copying someone else’s ideas, tweaking them a bit and rolling out the products as their own.

Well, this may work, but only in markets like China, according to Mahesh Murthy, managing partner of Mumbai-based Seedfund. China, for instance, has developed a replica version of Google search engine called Baidu. It also has its own Facebook in the form of Renren. And it has created the replica of Amazon called Alibaba.

“But Nepal is not like China. And it’s very likely that Google of Nepal will be the [authentic version of] Google itself, and Facebook of Nepal will be Facebook [created by Mark Zuckerberg]. So, don’t try to copy and paste, unless the government creates regulatory barriers to protect the [domestic] market,” Murthy told the NEXT Growth Conclave, a one-day seminar organised by M&S NEXT Venture Corp in Kathmandu on Sunday to promote start-up culture in the country.

Murthy, who has an employment history of around 35 years and has invested in start-up companies for the last 17 years, was of the view that “what works in one market may not work in the other”, as billions of dollars have been spent to create the next Amazon and Facebook and “they have failed”.

“So, create a product that creates delight. For this, your product needs to be different than others. [With this combination], that product can dominate the market,” Murthy told over 500 participants of the first-of-its-kind conference titled “Decoding Business Growth”, which brought together 12 prominent speakers from Bangladesh, China, Hong Kong, India, Nepal and Thailand.

Murthy was trying to drive home the point that only companies that can create a niche for themselves can survive in this competitive world.

But how to come up with such an idea? Or, rather, how to create an entrepreneurial mindset that has the ability to think differently?

For this, one has to be motivated to learn, according to Joseph Jeong, founder of Hong Kong-based Oracle Strategies Cyberport. “Earlier, our brain was used as a hard drive to remember things,” Jeong explained. “Today, [because of digital revolution], our brain has started operating as a CPU [central processing unit], because everything one wants to learn is online. So, if you are willing to learn, you can find a mentor online.”

This learning might help one find passion and purpose, which will enable the aspiring entrepreneurs to set the “moonshot” goal, according to Jeong.

So, what can those “moonshot” goals be?

It can be anything, and you might stumble upon one, if you look around, identify problems and think of ways to create values, according to Sambhav Sirohiya, founding chairman of M&S NEXT Venture Corp.

“The biggest opportunities lie in biggest troubles.... Look around, we are living in one of the world’s poorest countries. As sad as it sounds, opportunities are sitting right here in front of you. So don’t focus on creating another website or another social media site. Think of bio-technology, robotics, 3D printers, and ending world poverty,” Sirohiya said, adding, success lies in creating values—true and honest values.

NEXT Launchpad rolled out

M&S NEXT Venture Corp on Sunday launched “NEXT Launchpad”, a mentorship-driven start-up accelerator programme, which prepares entrepreneurs. At the Launchpad, budding entrepreneurs go through four months of intensive learning and are taught how to refine business models, says the company. The mentors of the Launchpad are industry experts and veterans. The programme concludes when entrepreneurs present their growing companies to investors to secure funding. (PR)

Source : http://kathmandupost.ekantipur.com

Categorized in Business Research

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