Sponsored by

Success is turning your side hustle into a $200,000 business.

Discover how The Smokies travel blog used our digital marketing tools to make it.

Transform your side hustle into a thriving business with Semrush! The Smokies blog went from $0 to $200K/year using our SEO & marketing tools. Optimize content, track rankings, & boost traffic. Define YOUR success with an all-in-one marketing suite that has everything you need to achieve any goal.

Try Semrush FREE!

According to reports, 20% of small businesses in the U.S. do not survive their first year of operations, 30% fail in their second year, and 50% shut down by their fifth year. This goes to show how the early years of business are crucial to long-term success.💯

So what sets apart a side hustler from a very successful one? The answer is not just hard work, grit, or luck. It’s having the right mindset and building a community.🔑

If you want to transform your side business into a 6-figure venture, you need to put your head in the game and adopt these powerful mindsets.

#1: You Are Your Own Boss

The moment you decide you are committing to a side hustle or business, it’s time to channel your inner boss. Stop thinking of it as just a hobby or something you do on the side for extra cash. You have to step up your game and be in it for the long haul.

Whether it’s a passion project, freelance job, side gig, or a new venture, treat it as a business with you as the owner and CEO. You are now sitting in the driver’s seat and it’s up to you which path to take.🛣️

From planning, managing resources, marketing, and sourcing capital, everything is under your control. Yes, being your own boss can be liberating but it can also cast self-doubt.

Which brings us to mindset shift #2…

#2: Let Go of Limiting Beliefs

Self-limiting beliefs are holding you back from achieving your goals and reaching your full potential. Replace your negative thoughts and feelings of self-doubt with helpful and empowering beliefs.🌟

Instead of thinking,

"I'm not good enough”

“I can’t do this.”

“I’m a failure.”

Remind yourself,

Once you learn how to silence your inner critic, you’ll recognize your capabilities and start seizing the opportunities that come your way.

For instance, Kevin spent a lot of time learning mindset skills like clarity, vibrational alignment, and positive energy, which have helped him succeed in his mentoring and coaching venture.

#3: If You're Not Failing, You're Not Trying Hard Enough

Failure is not the opposite of success. It is an essential part of the journey and is actually a prerequisite to success. 

Once you shift your mindset and begin to view setbacks as feedback and opportunities to learn, you embrace a growth mindset - one of the key factors to success.🔑

Do not let your mistakes stop your progress, but rather use it to fuel your growth. Remember that with every breakdown comes a breakthrough.🌱

#4: Just Because You Can Do It All, Doesn't Mean You Should

More than 80% of small businesses are managed solely by their owners without hiring employees. While this setup works for a lot of entrepreneurs, it doesn’t mean you have to follow it too.

Being the only one running the business means there’s a limit to how much you can grow and earn.⚠️ And if you’re aiming to grow a 6-figure business, you need all the help you can get.

Learn how to hustle smarter, not harder. Delegate, outsource, and automate simpler tasks so you can concentrate on tasks that grow your business.🎯

With the right resources, you can do so much more and reach your targets earlier. There are a ton of tools available on the Fud app that you can use to help you solve problems faster and deliver better customer service.💯

This leads us to mindset shift #5…

#5: It Takes a Community to Succeed

Working on your own can be isolating and lonely at times. But you are not alone. There are a lot of other entrepreneurs and side hustlers who are going through a similar journey as yours.🛤️

It is important to have a supportive community that connects like-minded hustlers and provides a safe space where you can share your worries, celebrate small wins, and uplift one another.✨

Attending networking events, joining online communities, building a support system, and finding a mentor can make all the difference on your journey to 6-figure success. These connections and vibes can open doors to new opportunities, partnerships, and insights that can help drive your side hustle forward.🚀

#6: You Are Your Greatest Asset

You are the mastermind of your side hustle or business. Therefore, you need to invest in yourself by improving your skills, expanding your knowledge, and enhancing your personal development.

You can take courses, get certifications, attend workshops, read books, and do activities that feed your creativity.💡

Being a lifelong learner can help your business keep up with the world’s ever-changing needs and thrive in a fast-paced environment.

Remember that taking care of your well-being is just as important as increasing your know-how. Set healthy boundaries between your business and your personal lives by prioritizing rest and self-care to ensure that your most valuable asset (🫵) is always performing at best.

#7: Find the Right Mentor

Getting help and coaching from trusted experts can go a long way. Not only do they provide knowledge, insights, and networks that can accelerate your path to success, but they also offer encouragement and keep you accountable for your goals.🎯

So, take the time to find a mentor who aligns with your goals and values to maximize the benefits of the mentor-mentee relationship.

In Elliot’s case, he admits that a major help in navigating his reselling business was learning from someone in the same industry and following his tips.

#8: Focus More on Creating Value than Making Money

For many of us, the primary goal of a side hustle or business is to earn more. However, focusing more on making profits is not only stressful but also not sustainable.

Instead, prioritize creating and providing value to your clients to fuel your growth and success.🚀

When you put genuine effort into understanding your market and solving your customer’s pain points, you get their loyalty and support.

The money will naturally follow.💸💸💸

When Joe created value for his clients by developing a distinct approach to teaching ESL (English as a Second Language), he became in demand and was able to increase his rates.💯

#9: Learn to Pivot

The road to success is rarely a smooth and straight path. You will experience bumps and obstacles along the way, and you should learn when and how to pivot if something's not working.

Accept the fact that not everything will go according to your plan and be willing to adapt to new opportunities and challenges that come your way.🙌

When Sadie was faced with an unexpected family situation, she decided to pivot from working as a project manager to starting her own business. She fully committed to this new path and became really successful.✨

Success doesn't happen overnight. It takes a lot of time, effort, and hard work. But more importantly, you need to adopt a mindset that allows you to overcome your inner thoughts so you can reach your full potential.💎

Want to reach an engaged audience? Sponsor a future edition of this newsletter!