I know a thing or two about being an entrepreneur.
The realization that, hey, I’m going to start my own business, be my own boss, is such an exciting feeling.
That thrill of being the one to call the shots and making your own hours cannot be compared — at all — to the life of the cubicle dweller.
That said, there are a few downsides to this risky business of entrepreneurship and they are not pretty.
Building a profitable business takes time and the bills still need to get paid.
Sometime ago, Barbara Corcoran on Shark Tank told an entrepreneur point blank to get a full-time job while she built her business.
But for entrepreneurs that have made a vow not to return to corporate work, there is good news. You can actually not go back and still make a side income while your main business strives.
How do you do it?
I’ll show you in a sec, how you can build a side business that would help bring in a healthy income to alleviate your financial stress, pay the bills and still have enough left over to funnel into your main business.
Here are 5 of those side income streams that can increase your income while you build your business.
1. Teach Online Courses:
Everybody has something they are good at.
As an entrepreneur, you are constantly learning new things about your business, acquiring new clients, retaining customers and getting leadership skills they don’t teach you in business school.
What if you packaged your knowledge in form of a course and taught it online?
I bet there are people out there with large wallets waiting to pay their hard-earned money to learn from your hard-worn experience.
2. Do Consulting for your business:
If you are passionate about your business, and you are really competent at your craft, you can turn that winning combination into doing consulting and offering it as a part time gig to local business owners in your niche.
This does not only increase your income, it helps you in other ways like.
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