Sorry Forbes, I disagree.
Forbes today: 10 Reasons Founders Should Consider Saying No To A Side Hustle
I disagree, here are my 10 reasons why you SHOULD consider a side hustle, in the same order:
- ‘A Mile Wide And An Inch Deep’
Nope, side projects help you learn new things, connect with other mindsets and in the long tern, help you grow.
- ‘Flywheel’ Blindness
Nope, keeping various projects going increases your chance of success.
- The Wrong Side Of The Snowball Effect
You can align many of your projects or ideas towards the same goals. Just different ways to get there.
- Limiting Your Time Learning
Huh? Having side projects HELPS you learn as you venture into the unknown.
- Limiting Your Time To Recharge
Side hustles actually help you disconnect from the grind. Just find a fun one!
- Diversification Isn’t Always The Fastest Way To Succeed
Keep. them. focused. on. your. main. goal.
- Losing Team Buy-In
Be there for your team. They don’t actually need you 24⁄7.
- Investors Will Shy Away
Most ventures start like a side hustles. I know all of mine did. I don’t have investors, not looking for any. But hey.
- Losing Your Competitive Edge
Again, focus your hustles on your main goals. Where do you want to be 5 years from now? What is it that makes you stand out? Focus your efforts around that.
- The Curse Of A Branch To Swing To
Keep your main business/company/hustle going, make sure it is stable, brings income and growth. Also work on new opportunities.
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