When-is-it-ok-to-cheat-on-my-business

If I take a job on the side does that mean I’m compromising my own business? It’s in the same industry but I feel like I’m cheating on my business…

If I take a job on the side does that mean I’m compromising my own business? It’s in the same industry but I feel like I’m cheating on my business…

The first question I’m going to ask is, why would you have a side hustle?

There could be two reasons for this.

One – you need the additional income because your business isn’t at the point yet that enables you to pay your bills, and that is a very good reason to have a side hustle because if you can’t pay your bills then you won’t have a business and everything is going to go to shit.

Two – you’re looking for experience and network. It’s in the same industry so great, and depending on how well you know your industry and how well you know your business you’re going to be paid by someone else not only for your time but also to learn as much as you possibly can.

But my suggestion would be if you are going to be doing a side hustle then it must align as much as possible with your business.

When-is-it-ok-to-cheat-on-my-business1

The only layer I would add on top of that is, if you do have a side hustle in the same industry, make sure you’re going after the player of the industry that is going to give you the most benefit and give you the most value.

Don’t go and play with the D-Grade team, my advice is go and find the A-grade. Who’s the number one in your industry? Go and play with them.

On the flip side you’ve got to be honest about why you’re doing a side hustle because some people get to the point where they’re just playing it safe or they’re just being greedy.

Now there’s nothing wrong in some cases with being greedy but what you don’t want to do is take time out of your business to grow someone else’s and never get further ahead yourself.

Because if your side hustle is taking 20 hours a week out of your business, you’ve got to understand what 20 hours a week invested into your business would do. The reality is that 20 hours a week may give you an hourly rate, but those hours invested in your business will be exponential. It may not be immediate but over time if you’re focusing on the right things, the return will be massive.

So, whenever you get to that point when you can give that side hustle away I always recommend that you do, because then your business gets 100 per cent of your focus.

You actually said the words, ‘I feel like I’m cheating on my business…’

Right now I’d say you have an open relationship whereby your business knows you see other businesses and there’s an understanding but if you get to the point where you’re not doing it for the right reasons then you’re not cheating on your business, but your cheating your business, and worst of all you’re cheating yourself.

View the full #HeyKerwin episode here:

Kerwin Rae

Kerwin Rae

Fast Growth Business Specialist and Educator at Business Mastery Pty Ltd
Kerwin Rae is a businessman, investor, strategic advisor, author and international speaker. He has studied and observed the psychology of influence for well over a decade now and is considered an expert on influencing human behaviour and how it relates to sales, marketing, fast growth business principles, leadership and personal transformation.
Snapchat: @KerwinRae
Kerwin Rae

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