How To Turn A Passion Into A Passive Paycheck, According Ryan Scribner

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‘Start your side hustle with the intention of being the very best at whatever you do. Why aim for mediocrity?

Take time to figure out your ‘why’ behing starting your side hustle. This will be your long-term source of motivation.’

Represent yourself and your business as professionally as possible. This, in turn, has an impact on how others perceive you and your business.’

‘Sharing your story with your audience is a great way to build an emotional connection.’

‘Recognize that building a successful side hustle involves turning down other short-term moneymaking opportunities.’

‘The right relationships can help you pursue your dreams and build your business. Focus on the relationships that lift you up, not the ones that bring you down.’

Instead of simply offering information about a product or service, teach your customer how to use it. In return, you are likely to be rewarded with referrals and repeat business.’

‘Diversification is the strategy of spreading your eggs across multiple baskets instead of putting all your eggs in one.’

‘Reduce high-cost spending categories such as your transportation and housing by driving a reliable older vehicle and living with family, if possible.’

Create a written plan to follow. This doesn’t have to be formal business plan, but it doesn’t have to be in writing, not just in your head.’

‘Short-term intensity is not the goal. Instead, ask yourself what you could realistically see yourself doing every week for the next decade of your life.’

‘In order to have success in the long run, you need to be both people-rich and money-rich.’

Source

Ryan Scribner (2022). From Side Hustle to Main Hustle to Millionaire: 13 Lessons to Turn a Passion Into a Passive Paycheck

What Employees Want

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‘Employees want their work to be about more than a paycheck. Companies that articulate a clear purpose ensure that employees find meaning in what they do.’

Community is more important to employees than ever. Fostering a sense of belonging can motivate team members to elevate their performance and dedication to the company’s mission.’

Growth is the pursuit of improvement and progress that’s core to the human experience.’ Purpose is knowing that what you’re working on matters- that you’re making that dent in the universe and that the work you do is felt and improves the lives of other people. And community is that sense of belonging and that fundamental need to be part of a group working toward the same purpose and progress. … Culture is the vehicle we use to deliver these pillars of a successful, meaningful business.’

Values are an aspirational code that companies build their culture around. Values have the power to shape the employee experience and your employer brand.’

Performance feedback should not come as a surprise – it should be consistent, continuous, and free-flowing.’

‘There will always be room for improvement- developing a clear, measurable plan of action, and communicating that to employees is essential to troubleshooting.’

Growth plans enable employees to progress personally in their career, both within and outside of their particular responsibilities for the company.’

Growth for employees can ensure growth for your business. If your people feel like you’re investing in them, they’ll invest double in your success.’

Goals make an excellent foundation for setting expectations, giving feedback, and measuring performance.’

A healthy feedback culture involves routine communication, employee-driven one-on-one meetings, and performance reviews.’

Source:

Jack Altman (2021) People Strategy: How to Invest in People and Make Culture Your Competitive Advantage