Category: Entrepreneurship

5 Side Hustle Ideas To Make Extra Money In 2023

Posted on by

The pandemic has pushed many people to rethink their career paths and explore new avenues of income. Side hustles have become a popular option for those seeking additional income streams. With the sudden popularity of the gig economy and technological advancements, there are plenty of side hustles to choose from in 2023. Here are five of the best side hustles to consider.

Online Tutoring

Online tutoring has become a lucrative side hustle with the shift toward online learning. Whether it’s math, science, or language tutoring, the demand for online tutors will be much higher in 2023. Platforms like Chegg, TutorMe, and Skooli offer opportunities for tutors to connect with students globally. Online tutoring provides flexibility in terms of hours and location, making it a perfect side hustle for those passionate about teaching.

E-commerce

E-commerce has been on the rise for years, and the pandemic has only accelerated its growth. Starting an online store on platforms like Etsy, Shopify, or Amazon allows you to sell products from anywhere in the world. You can create your own products or source products from other suppliers and actually resell them at a markup. With the right marketing strategy, e-commerce can be a highly profitable side hustle.

Delivery Services

The pandemic has seen a surge in demand for delivery services, and this trend is expected to continue in 2023. Companies like UberEats, DoorDash, and Grubhub offer opportunities for delivery drivers to earn extra income by delivering food from local restaurants. With the rise of online shopping, delivery services for packages and groceries are also in high demand. Platforms like Instacart and Shipt provide opportunities for drivers to deliver groceries to customers’ doorsteps.

Freelance Writing

Freelance writing has been a popular side hustle for years, and with the rise of content marketing, it’s expected to continue to be in high demand in 2023. Freelance writers can create content for websites, blogs, and social media platforms. Platforms like Upwork and Fiverr provide opportunities for writers to connect with clients globally. Freelance writing offers flexibility in terms of hours and location, making it a perfect side hustle for those with solid writing skills.

Virtual Assistance

With the rise of remote work, virtual assistance has become a popular side hustle. Virtual assistants offer assistance to various businesses and individuals from anywhere in the world. Tasks may include scheduling appointments, managing email accounts, and social media management. Platforms like Zirtual and Fancy Hands provide opportunities for virtual assistants to connect with clients globally.

In conclusion, the gig economy has opened up numerous opportunities for side hustles in 2023. From online tutoring to virtual assistance, there are plenty of options for those seeking additional income streams. With the right skills and a bit of entrepreneurial spirit, a side hustle can turn into a lucrative career.

4 Simple Ways to Wake Up Happier Tomorrow

Posted on by

Granted, some mornings are better than others! No matter what the mood or situation, you’ll be thanking yourself silly if you follow these four easy steps before leaving the house every morning. They will ensure you start your day off positively and with an air of complete determination and purpose.

1. I am just as good as the person next to me.

Always remember that the person you’re comparing yourself to will always be comparing themselves to someone too. You never know; it could even be you! Although a little bit of extra push and determination can come from comparisons, making daily comparisons to others can be very detrimental to a woman’s thought process. Constantly thinking ‘she’s much skinnier than me’ or, ‘she likes him more than she likes me’ is simply pure negativity. Remember that you are on the exact path in life you’re supposed to be on, and everyone has a different path. The time taken to stop and look around at everyone else’s paths will slow you down on your own.

2. Today, I will be brilliant.

I find this to be very important. Every morning I wake up, look in the mirror and say (out loud), ‘today, I will be brilliant!’ There are a few reasons for this – I promise there is a method to the madness. The first reason is that I like to use my voice before I have to speak to anyone else and embarrass myself with the husky cough we all know too well because the ole’ vocal cords aren’t warmed up. The second and more important reason is that positive self-talk is really important to a successful outlook on life.

3. I deserve the best

I think this is something women are constantly compromising on, and you know what? I’m sick of it, ladies! Everyone deserves the absolute best when it comes to important matters of life! Now I’m not talking about having the perfect espresso every morning from your local brew house; I’m talking much bigger picture! Things like relationships, jobs, and friends. Yes, finding a balance between the three is hard, but simply aiming for the best will push you in the right direction. Settling for ‘just ok’ or ‘average’ should be a thing of the past!

4. Say Cheese!

Smiling as you walk out of the front door can be one of the most rewarding things you can do all day. It can truly set the tone for the rest of your day. The mere act of smiling releases endorphins and initiates a chemical reaction in your brain that forces happiness to conquer any feeling of unease. I find this technique especially useful when I’ve had one of those terrible mornings where everything that can go wrong does go wrong! Even though you’re in a state wherein the SheWitch Banshee from Hell would be afraid of you, forcing a smile will help you leave negativity behind you.

Entrepreneur Spotlight: Homegrown Basketball Australia… What Is This All About?

Posted on by

Homegrown Basketball Australia (HGBA) is a community-based sporting association that started off as a small group of interested basketball players and enthusiasts playing social basketball games in 2012. It was later established as an organisation by its founders, Karlo Basa, Alfred Sayas, and Cromwell Alvarez.

HGBA prides itself on being the seasoned basketball influencer in Western Sydney and the Sydney Filipino community. Its presence has continued to expand all over Australia and is commonly recognised by International Filipino Basketball associates as the long-standing leader in Filipino Basketball in Australia.

The brand continues to be associated as the driver of the basketball movement in Western Sydney as it constantly elevates and redefines its services throughout the years. This has resulted in wide exposure and strong influence over the Basketball and Filipino community at large.

Homegrown Basketball provides the following services:

Western Sydney Basketball Association (WSBA)

WSBA is the Basketball League entity of Homegrown Basketball Australia, which officially commenced its Basketball League operations in Autumn 2013. In its tenth year and 16th basketball season, WSBA has established itself as the leading amateur Basketball League in Western Sydney, managing between 40-50 teams every season.

Homegrown Basketball Academy (HG Academy)

HG Academy is the basketball coaching and player development entity of Homegrown Basketball. Accredited coaches and trainers deliver the program in an innovative and fun environment, providing several options for all ages and skill levels.

National Basketball Training Centre (NBTC)

Homegrown Basketball Australia is the tenured partner of the SM NBTC Basketball Pathway to Philippine UAAP and NCAA Basketball. The program provides for Philippine Collegiate Basketball aspirants to participate in the extensive training and development program with an opportunity to be selected to represent Australia in the annual SM NBTC Global Games, the scouting platform for Philippine NCAA and UAAP coaching and scouting staff.

HGBA continues to build on its rich history as they endeavour to develop the sport of Basketball and its presence in Australia. For more information on its services and how to be part of the Homegrown Basketball community, please contact the Homegrown Basketball admin at info@homegrownbasketball.com.au.

The Perfect Side Hustle For You, According To Your Star Sign

Posted on by
By Michelle Baltazar

Are you destined to be an influencer? Hint: Your side hustle might be written in the stars.

Ever wondered why some people just ease into podcasting while others make ideal virtual assistants? Our personality can dictate which side hustle will come naturally while others are a pain.

For example, if you’re a perfectionist, video live-streaming will just do your head in. But if you’ve got a sense of adventure, you’ve got YouTuber written all over your future digital career.

To find out your perfect side business according to your star sign, check out these fun musings from Psychic World and you decide:

Aquarius (January 20 – February 18): Become a freelance blogger/ghostwriter

The best writers are those who tell a story with their thoughts, in a uniquely identifiable way. That’s what makes Aquariuses perfect for the job of freelance bloggers or ghostwriters – they are rebellious, free-spirited, eccentric, and revolutionary.

Pisces (February 19 – March 20): Become a graphic designer
The ethereal Pisces will love to be able to make money from a creative side gig. Their love of escaping reality through art/design can translate into a great moneymaking side project.

Aries (March 21 – April 19): Become a streamer/YouTuber
Rams will be up for anything adventurous. An Aries is a self-driven natural leader so will thrive at the chance to create their own content online. Whatever the theme, their playful personas are bound to attract interest from the get-go.

Taurus (April 20 – May 20): Invest in stocks
Tauruses are laid-back but resilient. They like to play the long game, and their focus won’t falter as they fine-tune the perfect stock investment technique.

Gemini (May 21 – June 20): Livestream virtual events and games
These social butterflies will be feeling the impact of social distancing. What better way to stay connected with friends, millions of others and earn from it? Grab one device to play with, another to video chat with, and get playing!

Cancer (June 21 – July 22): Become an online tutor/teacher
With schools closed in New York until April 20th, there are many people with a lot of spare time; cancers will jump at this opportunity to help. Their compassion means they are well-suited to become an online tutor, helping children who are off school and those wanting to learn something new.

Leo (July 23 – August 22): Become a TikTok/Social media influencer
The coronavirus lockdown is the perfect opportunity for Leos to refine their already influential online presence! These theatrical divas love to be front and centre – and the opportunity to earn from the comfort of their own home is a persuading factor.

Virgo (August 23 – September 22): Become a virtual assistant
More than ever before, companies need help to stay afloat. Becoming a virtual assistant for struggling businesses will work in favour of Virgo’s hardworking, systematic and methodical nature.

Libra (September 23 – October 22): Teach a language
The exquisite taste of a Libra needs an exquisite side job to match. Teaching a language is an intellectual fit that also fulfills their need to please and help others.

Scorpio (October 23 – November 21): Write eBooks

Often misunderstood and extremely enigmatic, a true Scorpio’s thoughts would make a fascinating eBook to read, and a perhaps lucrative online side hustle to have!

Sagittarius (November 22 – December 21): Become a podcaster
The Sagittarius has had a few adventures in their lifetime, and always has a million stories to tell. What better way to entertain listeners, and earn themselves money, than re-telling these stories on a podcast?

Capricorn (December 22 – January 19): Learn to code and build websites
The strong Capricorn can conquer anything before them. Their unwavering focus, and (slightly obsessive) workaholic tendencies mean the technical challenge to learn how to code can make for potentially high yields.

Of course, there are always exceptions to the rule. If you want to be a podcaster, YouTuber, graphic designer, and blogger, go for it!

Source: The Australian Filipina

Three Blogs On Managed Funds Every Entrepreneur Should Be Reading

Posted on by
By Michelle Baltazar
Investing your hard-earned money is a little bit like an organ transplant: the stakes are high and decisions are best left to the experts. It doesn’t mean however that you just close your eyes and hand over your piggy bank. Thanks to the internet, you can check out many websites to get handy tips on how to go about investing in so-called ‘managed funds’.

We know you’re time-poor so why not start out by just checking out three website links we’ve picked below? They’re worth the few minutes it takes to see whether they’re useful to you.

1. Paul Clitheroe, a financial expert who is big on financial education, writes about complex topics using simple language. See this link on his latest blog about investing in managed funds for as little as $80.

2.  For all of you hard-working career women out there, check out www.moneygirl.com.au, which, like Clitheroe’s blog, is financial education in basic English. On managed funds, there’s stuff to read via this link.

3. They call themselves ‘The People’s Watchdog’. Consumer body ‘Choice’ has a section on its website dedicated solely to investing. It’s disappointing that their last article on a buyer’s guide to managed funds was done way back in 2007 but the basic premise still holds to this day so it’s still worth reading. See this link.

Besides, it’s worth bookmarking www.choice.com.au because they’re quite good at naming and shaming those who do dodgy deals, whether it’s about the worst plasma TV to buy or a rip-off deal in property.

If you’re tight for time, read Clitheroe’s blog. It’s chockfull of easily digestible info on investing.

Source: The Australian Filipina

5 Surefire Tactics For Reducing Overall Business Debt

Posted on by

Debt can be a drain on a business, especially if you are hoping to end the year in green, we will discuss some strategies to help you get closer to that goal.

Considering a renegotiation of loans whilst also pursuing other opportunities such as grants can be a great way to reduce or eliminate this debt.

Keep reading for three other life-saving methods to consider as well.

Renegotiating the Terms of your Current Loans

If you currently have loans that are proving difficult to pay back due to existing debt, it might be worth considering with your lender if you are able to renegotiate the terms of these loans and sort out a mutually beneficial agreement.

By expressing the hardship of the current loan on your finances, you may be able to secure an agreement to change the terms of the loan. This could be a reduction in interest rates for example, or simply changing how frequently the loans are paid, allowing you that extra time for other beneficial financial decisions to help keep your business up and running, allowing you to build towards the reduction of your debt.

Using Grant Opportunities

It is extremely likely that your business may be eligible for grants from entities such as the government or other entities with a goal in mind that you help to pursue. For example, your firm may specialise in an area that supports a key government objective, and if you believe this may be the case, it is worth getting in contact with them to explore any options available.

Further to this, in the current pandemic, you are likely to be able to access some potential grants to support you at this difficult time, and these are great at reducing your current debt.

Focusing on Eliminating the Debt as Opposed to Other Objectives

If you are in a stable position in regard to your company, and your finances appear to be the only difficulty, it might be worth diverting your attention away from other opportunities for growth to focus on eliminating your debt.

It may be worth making conservative decisions at this time, such as not hiring new employees such as marketing directors to promote your social media presence if it is relatively stable at this point in time. This allows you to focus on the task at hand, reducing extra unnecessary costs in the short term.

Focus on Increasing your Sales

However, as a business, you must run an analysis to see if the previous point is the best option, as it may be worth incurring that short term cost if it is likely to return positive results, such as increased sales, money from which can be used to pay off such debts. In which case, alternate strategies may be necessary to pursue.

Tapping into Your Networks

Finally, if you have crippling debt, consider using your network to help you. You may have family and friends who can help you pay off existing loans if they believe in the long-term success of your business.

Top 5 New Challenges Facing Entrepreneurship, and How to Rise Above Them

Posted on by

The world continually challenges us to be our best possible selves, but how can entrepreneurs best ensure that they are prepared for these challenges?

From company conduct to company communication and the impact imposed by COVID-19, we will discuss the best responses for entrepreneurs to take.

Keep reading for 2 more challenges that entrepreneurs must consider in their future plans as well.

Company Communication

The COVID-19 pandemic has revolutionised the way that we work. We have begun to take to our desks at home to get the job done, and this has severely impacted the ability of your company to communicate with each other. As workers are no longer in a concentrated area in their offices, entrepreneurs are becoming increasingly worried as to how best to meet company targets.

A great way to boost communication methods is through the use of video streaming services such as Zoom. This allows the concentration of your team into one area once again, and assuming no technical difficulties, allows the re-establishment of clear communication.

Company Conduct

Consumers are becoming increasingly interested in a company’s position on social issues, and this is a crucial challenge to entrepreneurship. If you are unable to understand what your consumers want, it might be difficult for your company to appear reliable.

As an entrepreneur, by gauging an understanding of consumer wants in your approaches to things, you may be able to implement more environmentally friendly initiatives, for example, showing consumers that you are a company that cares about the wider issues and not just about business.

Company Competitiveness

As an entrepreneur, you will always be competing against the next best person, but COVID-19 has severely changed the way that we do business. It is not worth targeting your marketing strategies to things that people are only going to see if they enter your stores, as online purchasing has skyrocketed.

For this reason, it is crucial that you develop your social media presence and begin creating a presence on there that your consumers can interact with, allowing you to remain more competitive in a much more difficult world.

Company Health

Whilst doing business is the primary goal of any entrepreneur, considering that your workers, and yourself, need to take care at such a critical time is also crucial to productivity and overall happiness. This is because it can actually damage internal relations if people are dissatisfied, making this a top priority matter.

Taking frequent breaks is a great way to look after yourself, and understanding that some workers may be more affected than others shows your willingness as an entrepreneur to be considerate and caring of your workforce.

Company Finances

Finally, money may be tight at the moment due to the impositions of the pandemic, and it is important to realise that asking for help is necessary at this time.

If you have loans, speak to your bank about potential extensions, and tap into your network to see if they are willing to support you in any way possible.

5 Things To Keep In Mind Before Quitting A Job To Become A Full-Time Entrepreneur

Posted on by

If you’ve just decided to make that leap into entrepreneurship, it is important to make sure that you are successfully prepared to do so.

By following our tips on creating viable plans as well as making sure that you trust yourself, we will explain the 5 most important things to consider.

Keep reading to make sure you become successful in this business venture!

Leaving Amicably

Once you make that all-important decision to quit your job and pursue your own career in entrepreneurship, it is important to retain the relationships that you have made. It is usually a bad idea to leave a bad footprint in the business world, as you never know what your future will hold.

For example, showing decency by handing in your resignation within plenty of time gives your employer enough time to make alternative arrangements in hiring someone else. Furthermore, you may actually need to come back if all else fails, it is always great to have a plan B!

Trusting Yourself

Before you make that big jump and resign, you really need to believe in the potential success of your idea. You need to make sure that this idea has the potential for a great turnaround opportunity for you.

You can do this by undertaking some market analysis, allowing you to see how difficult it may be to pursue your goal, by considering things such as any barriers to entry that needs to be considered, whilst also running some financial statistics on the viability of the execution of your idea.

Financial Planning

Running some financial statistics is an extremely great idea to ensure that you won’t run into many problems in starting up your business. If you have a list of things such as fixed costs and variable costs already in your repertoire, you are more likely to be able to use this money in a much more efficient way, increasing your chances of success.

It is also important to run some numbers on the period between launching your business and leaving your job and making sure that you have enough money between this gap to be able to pursue your ideas. If not, it may be worth considering your plans at a later date.

Gain Perspective

Understanding alternate opinions is a great choice to consider when launching your business. Those doubts that a parent or a friend might have could be extremely valuable in allowing you to understand the pitfalls of your own ideas. This outside perspective is likely to make you more aware of these, increasing your chances of success entrepreneurially.

Successful Preparation

Finally, whilst financial planning is important, it is crucial to consider an overall plan to promote the chances of business success. Producing a step-by-step plan on how you aim to achieve things at certain times can make your mind much clearer, allowing you to be more organised and thus promote the chance of entrepreneurial success.

5 Surefire Ways To Determine If Your New Business Idea Will Rock The Market

Posted on by

When planning a startup, every entrepreneur wants to make sure his/her business idea becomes profitable. This is to make sure your investment is paid off and your effort is worthy of your time. Choosing a business can be a tough one because of the risks you need to consider. For a new entrepreneur, these precautionary measures can help you decide about the first things you need to do before entering the world of business.

Choose a business based on your strength and personal interest.

Venturing into a totally unknown business is a very big challenge. Choosing a product or service near your personal interest will actually help you gain knowledge on how it works and how most people are likely to use them. You can visualize the satisfaction of your upcoming customers by comparing it to your personal experience as well. This way, you can determine the pros and cons of using the product personally.

Map out the areas of high demand

Products from each area vary depending on the need of the consumers. You need to check if the chosen location where you want to put up a business has potential customers and competitors. Figure out the number of similar businesses in that area and verify the estimated household expenditures who may purchase your chosen product or services. You got the ideal location if the area has a high demand but has little competition.

Know your competition

Analyzing the uniqueness of your product will help you beat the competition. This is one of the most crucial parts for start-ups so it’s vital that you include it in your to-do list. Make sure the value of your product separates itself from other competition. You can evaluate the reviews done by the consumers to check their reputation, to determine if the price matches the quality of the product, and customer experience. This will help you analyze how to please your potential customers and provide their unserved needs.

Check the trends of your chosen product or service and match it with the condition of the industry

Many market research firms can help you assess the market condition based on the selected products and services you want to sell. Having a detailed report helps you get an idea if your business will stay strong not just because it is trending in the industry but because most people need your service. Keeping a longer length of stay in the industry is very important to make sure your business is untouchable no matter how many trends come and go.

Ensure the sustainability of your business model

Make sure you can meet the demand and supply of the product which are the discrete requirements of any business. A thorough pre-analysis which includes collecting information about the price proposal or cost structures, scalability of the product, and revenue models will define your business success rate. On top of these measurements, make sure you have a backup resolution in case a problem persists.

Considering these factors before starting your business will help you prevent failure in the future. These tips are very important if you are aspiring to be one of the most successful entrepreneurs in your chosen field of industry.

Fear of Rejection: How to Effectively Overcome It As An Entrepreneur

Posted on by

As an entrepreneur you are going to run into rejection, it’s inevitable. You might turn in a proposal that gets denied or try to sell your services and get denied. Either way, it’s important to remember your goals and keep pushing towards them. Don’t let a simple no stop you from achieving your goals. Some of the most successful people have been denied multiple times before reaching their spotlight. Just keep that in mind on this journey of entrepreneurship.

Never take it personally. Most rejections are based on the well-being of the other company. If you get rejected it’s simply because they don’t think it’s a good fit. It’s not because you suck and your company sucks. It’s literally just business. Let business be business, and don’t take it to your heart. Don’t let it affect your motivation, or ability to market yourself.

You should use rejection as a tool to figure out what your next step is or even how you could present yourself better next time. Take it as a learning opportunity and figure out what needs to change in order to land that next deal. Your goal is to be successful and grow your company, so use rejection as a tool to guide you in a better direction. Just because one person denied you doesn’t mean there’s not someone else out there that has been looking for someone just like you.

Never be afraid of rejection. Rejection is part of the growth process, and without it, you wouldn’t know where to begin, or even where you should go next. You should never fear being denied because a denial is all it is. It doesn’t affect you negatively to be rejected. If anything, you and the person that denied you are the only ones that are even aware of the rejection. You don’t have to showcase how many rejections it took until you succeeded. Just remember that each rejection leads to another possible deal. Don’t hesitate to put yourself out there in fear of being rejected. Just live for the moment and if you get denied then that’s all that has happened is you got denied. You are still an entrepreneur and you are still striving.

Another thing is don’t give your hopes up to soon. Just keep in mind that rejection is inevitable, and it’s bound to happen to you at some point while venturing as an entrepreneur. Stop hesitating to put yourself out there, because, in the end, it will be nothing but beneficial. You can’t land deals, without putting yourself out there. Regardless of rejection, you are still an entrepreneur and you still need to get your services out there. You can’t wait around and expect something to come to you because that is not realistic. Like I said, rejection is bound to happen on your journey, just don’t let it stop you from marketing your services or company. Use it as a tool to succeed.