67 min listen
249: The #1 Reason Side Hustles Fail to Become Businesses
249: The #1 Reason Side Hustles Fail to Become Businesses
ratings:
Length:
59 minutes
Released:
Nov 15, 2021
Format:
Podcast episode
Description
You’ve heard the old statistic “nine out of ten businesses fail”, but why is that? If there are so many people willing to risk their livelihood to pursue a great idea, why do so many end up broke and back at a job? Gabe Nelson, certified financial planner and business advisor, has an idea. Gabe advises many business owners and solopreneurs through building their businesses with maximum cash flow and minimum time commitment.A couple of decades ago, Gabe was in the position many entrepreneurs are in today. He was working seven days a week, almost living at the office, doing anything he could to build his business. Once his daughter was born, he knew he had to take a step back from the seven-day workweek. Then, his second and third daughter were born, forcing him to automate, delegate, and eliminate every unnecessary task on his plate. Now, with a thriving firm, Gabe knows what does (and doesn’t) work for solopreneurs, and the systems they need to implement now to secure a happy life tomorrow. In This Episode We CoverThe #1 thing you should do before you start a business or side hustle Keeping your relationships healthy while working long hours at your businessOutsourcing when you’re ready and growing a self-operating team Laying the groundwork of communication between you and your partner Managing cash flow in your business and keeping a healthy safety reserveTrusting the “whispers” that your gut tells you about your businessAnd So Much More!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Nov 15, 2021
Format:
Podcast episode
Titles in the series (100)
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