137: How to Find a Business Idea for a Side Hustle [Podcast]

Want to know how to find a business idea for a side hustle?To some, it seems daunting - to others simple.You might be the person who comes up with 20 ideas a day, or maybe you are the person who has no ideas.Either way, there are traps in both sets of thinking.Today I will go over some simple ways to uncover ideas and common mistakes others make.How to Find a Business Idea for a Side Hustle (Outline of the podcast)  Goals of the Side Hustle What is a Side hustle? What can you expect to earn (realistically)? Two quick ways to generate ideas The Calling Exercise What do you love to do? Where are you gifted? What do others ask your help with? Search for similar services Fiverr, Udemy, Amazon, or local services pages What do you see offered that you know well What to do first Start with a service. Easiest to do and start and grow to a decent income. Use tools like Fivver Upwork Craigslist Putting flyers on doors Example from IEM - Handyman to Powerwashing Business If a hit - grow into a product Writing resumes for people - develop a book or a course (Debra Mastic's Resume service to products) Hire people and build a team to do the work. For a plumbing service - Doing plumbing for people - Hire plumbers or create a course or content for DIY Create information products Check my series on building information products in 30 days. Example - Patrick Cash - Lawn Care to service business Common mistakes Overthinking it Trying to make it perfect. (Sitting at Fivver worrying over the packages $5, $50, $100) Just hit enter and adjust Failing to deliver. When someone buys from you - respond and deliver fastUpcoming Episode 138 next week - how to find time to start a side hustleClick here to listen now.Subscribe & Review in iTunesAre you subscribed to my Company of One? If you’re not, I encourage you to do that today so you don’t miss an episode. Click here to subscribe in iTunes!If you like what you hear, I would be really grateful if you left me a review over on iTunes, too. Those reviews help other people find my podcast. I also love reading them and connecting with you. Just click here to review, select “Ratings and Reviews” and “Write a Review” and let me know what your favorite part of the podcast is. Thank you!Links mentioned in this episode: How to Create Your First Information Product in 30 Days Fiverr - Service offerings starting at $5  Upwork - Freelancers Udemy - Online training products Side Hustle: From Idea to Income in 27 Days Pressure washing (Scotty Lett - Iron City Power Washing Episode 119: Developing an Entrepreneurial Mindset Master of Engineering Management in Information Engineering and ManagementDale Callahan, Ph.D.Business Coach for Professionals Ready to Take Control Helping you move from stuck to in-demand — or start something of your own. Grab the Idea Engine: 7 prompts to find your next move Book a Next Step Strategy SessionDirector of Engineering Management @ UAB (205) 790-8447 dalecallahan.com LinkedIn

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