#532 The Side Hustle System: How To Make Money In Your Free Time

Main Street Business

In this episode of the Main Street Business Podcast, host Mark J. Kohler breaks down the roadmap to turn your side hustle into a powerful income stream. Learn how to form an LLC, develop a solid marketing strategy, and implement seven key principles that will set your business up for sustainable success.

Here are some of the highlights:

• Mark emphasizes the need to turn side hustles into sustainable wealth-building opportunities.
• Mark introduces and unpacks seven crucial points for impacting side hustles.
• Importance of clearly stating your business purpose in one sentence.
• The significance of setting up an LLC for legitimacy and potential tax benefits.
• How to develop a marketing plan focused on identifying and reaching your target audience.
• Establishing a board of advisors for support and accountability.
• Building relationships with potential customers through value provision.
• Reminder to set aside 10% of revenue for taxes.

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Chapters

1. Building a Successful Side Hustle (00:00:00)

2. Setting Up Your Business Structure (00:07:54)

3. Creating a Board of Advisors (00:21:30)

4. Embracing Your Side Hustle (00:25:43)