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Last Updated on January 20, 2024 by Work In My Pajamas
Side hustle businesses can be fantastic ways of generating additional income, pursuing life-long passions and turning hobbies into commercial enterprises.
However, there comes a point with every side hustle when you run out of time and resources to keep growing it, without giving up your day job and turning it into a fully fledged enterprise that requires all of your attention.
This is an issue, because once your side hustle reaches this performance ceiling, it is easy to become disillusioned and either give up on it or let your motivation slip. After all, if you have reached the limit, where else can you take the business?
However, rather than either giving up on the business or severely compromising your day job, you need to think of creative ways to increase the efficiency of your side hustle. It may be that you can’t produce enough products within the time constraints that you have, or there are additional tasks that you neither have the time or skill-set to handle.
This is how to improve the efficiency of your side hustle business:
In This Post:
Tools Like Lasers Allow You to Automate Your Business Model
One of the best ways of improving the efficiency of your side hustle is to upgrade your tooling. If you produce physical products, then the likely source of your performance ceiling is a lack of automated processes. There is only so much you can do with your own two hands, after all.
If you are willing to seriously invest, then a great option for many manufacturing businesses is to use a laser.
While it depends what type of business you have, a laser can be tremendously helpful, able to do everything from welding to engraving. If you have a laser working flat out, you can produce far more products.
Of course, if you want a laser then you are going to need the necessary equipment that makes it work, such as a laser diode driver, which provides a current of electricity to the laser diode.
Hire Freelancers to Cover Some of the Work
Alternatively, if there are tasks that you just don’t have time to complete, or they require specialist skills you don’t have, then it could be worth hiring freelancers to complete the work for you.
While you may be passionate about the core business products and processes, peripheral aspects like accounting, administration, marketing and customer service may not be areas that you have time to cater for or have the ability to complete to a high standard.
Therefore, hiring specialists to handle it for you could pay off in the long term, especially if it helps you to grow your business.
Allocate Fixed Slots of Time to Work on Your Side Hustle
If you are struggling to find enough time to spend on your side hustle, then it may be time to create a dedicated schedule.
By analyzing how much free time you have every day (being realistic by counting in travel time, time to eat and take breaks), you can better work out how to find more time to dedicate towards your side hustle.
The best way to stay motivated on your side hustle is to allocate fixed slots of time that are strictly intended for your side hustle. This guarantees that you can work on it for at least a small amount of time every day or week, helping you to progress with your business.
