1 Quick Tip For Anyone Starting A New Business Or Side Hustle

Here's one tip for anyone starting a new side hustle or a business. Hey, this is Brad Costanzo. Welcome to Bacon Wrap Business. This is going to be a really short episode. I've got something I want to share with you that I was sharing with a friend of mine who's starting a new business kind of as a side hustle in the digital marketing space. And this is some advice that I wish I would have followed way back when I was starting off. It takes zero skill, but it'll save you a lot of frustration. And by the way, if you are already a seasoned entrepreneur, I think you're going to get a lot out of this as well. And you'll probably also.

See some of the fundamental wisdom in this. So starting any business costs money. Contrary to popular belief, it doesn't have to cost a lot of money, but it can be done quite cheaply and even free. And this isn't about those types of businesses. But invariably you're going to have to probably build a website or get an email CRM, maybe get some outsourced help and some freelancers. Graphic design, it doesn't really matter. There's gonna be some expenses that crop up. But before you do anything at all, my advice is to decide in advance just how much you're willing to invest. Getting this off the ground. Is it a thousand? Five thousand? Is it more? Especially if it's a side hustle. These don't necessarily cost a lot of money, but they will cost something. So my advice is to open a business account, or at the very least a PayPal account, and stick that money in there. Consider it spent, even if it's not. Then use this account for all your business expenses instead of pulling your money out of your personal checking, you know, the one that you pay rent, groceries, etc. Because the emotional impact of spending money that you've already considered spent is a lot less than pulling it out of your personal like your nest egg or your account. And I didn't do this when I started off. I pulled it right out of the thing I was paying rent for. And I just remember that I was much more hesitant to hire people and outsource or make the investments necessary to make my business thrive. I really wish I would have done this and you know, I would have outsourced earlier and more often and made other investments in my business instead of wincing every time a new expense was needed. Look, being an entrepreneur is 100% a mental game. And if you've been at it, you know, it's hard as hell. Simple tweaks like this, especially early on, can really make all the difference, especially when you hit friction points in your business that make you question the road you're on. Look, I've given this advice no less than a dozen times, and every single time I give it I either hear, ah, that's brilliant. Or I wish I would have done that too. I'm not sure why this practice isn't more common than it appears, but since it's not, I figured now this might help one of my listeners. Hopefully you. Now, what I would love to hear from you is what advice would you give somebody if they were just starting out? Something simple like this that might remove a lot of headaches or frustrations. I'm going to do another episode in the future on this and if I like your advice, I'll go ahead and read it out and give you credit. You can send that email to askbradaconrappedbusiness.com and I look forward to hearing you on the next episode. Got some stuff planned for you. Can't wait to have you hear it. Thanks a lot and I'll see you on the next one.