The traditional single-career path is fading. Today, many embrace "side hustles" - ventures pursued alongside their primary job. These hustles often hold the potential to blossom into full-fledged businesses.
Before diving headfirst, ensure your side hustle solves a problem or fulfills a need in the market. Validate your idea by gathering feedback, comparing it to competitors, and analyzing user pain points.
A well-crafted business plan is essential for transforming a side hustle into a thriving business. It should outline business goals, strategies, target market, marketing approach, production process, and financial projections.
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