Let’s face it—some of us are just not good at “working for the man.” It’s just not in our genes to report to someone else. That doesn’t mean these kinds of people are lazy. In fact, it’s likely just the opposite. It takes a lot of discipline to be an entrepreneur and, more importantly, to be successful at it.
You have to have drive, determination, and a willingness to fail … or at least come back stronger after having failed. Alternatively, entrepreneurship isn’t for everyone, as some benefit more from the security of regular paychecks and more security. To each his or her own. But if you’re not happy with your desk job and are looking to make money your own way, the tips below can really help you to step forward and challenge your comfort zone for a better and more rewarding income stream.
One way to make money on your own is to think outside the box—or at least outside the cubicle. While doing something like becoming a professional dog walker or an Uber driver isn’t going to make you independently wealthy, you can make a good living if you’re persistent. Or how about becoming a dog walker AND an uber driver?
There are ways to piece together more jobs than one to be able to make it work, especially if the hours of one job complement the hours of the other job. The key is you have to be good at finance, as you are often becoming your own one-stop-shop for business.
You have to be able to know whether you are, indeed, making ends meet and hopefully then some. If you’re just flying by the seat of your uber driving-pants, that’s not likely going to work. Work the numbers. Become your own bookkeeper. If you see that your dog-walking/uber driving combo isn’t working, you’ll have to change gears (pardon the pun) or think of adding another way to make more money. Become a tutor/dog walker/uber driver—hey, we guarantee this is being done and likely with success, too!
Add in passive ways to make money to supplement your income as you figure out the whole entrepreneurial thing. As this article from Entrepreneur.com notes, there are ways you can make money while you sleep, and yes we mean this in the literal sense … hence the term passive income. While it might not be enough to live off of, these can be great ways to supplement your income while you’re working on a startup, invention, or something else.
You can do things like flip websites, sell advertising on your blog, earn loyalties, invest in stocks, and even sell items online. If you know the story behind the hit show Girl Boss, you know the latter can, indeed, be lucrative for someone with know-how. And as Nick Evans would tell you regarding his decision to start up Frontier Properties, he wouldn’t change a thing. There’s no truer adage than “no risk, no reward”.
Another thing you might consider is doing what you’re already doing but on your own as a freelancer. As with all things, there are benefits and drawbacks to this. You are your own boss which—if you’re reading this—we know is a win, but you are also responsible for going out and getting your own work. For instance, if you are a freelance writer or web designer, you likely need to go out and find your own projects, which is not always an easy feat. And because it’s likely your solo project, you are also dealing with the client directly, invoicing your client, and are the mouthpiece for anything that goes wrong with said project.
This can be challenging but when you’re doing it in your pajamas in your own office while your pooch sleeps soundly beside you, you might be willing to take the good with the bad. If you do go this route, you need to decide how you want to make yourself into a business. Hire a consultant to help you get set up as an independent contractor or a full time freelancer. As mentioned, there are benefits and drawbacks to both, and some of them include the way you’ll do your taxes—so make sure you do the research.
If having a boss is just not your jam, you’re not alone. There are ways to make money your own way. Do your due diligence, work hard, and make it happen!