Side Hustles and COVID is hard. Devon and Robert discuss the number of side hustles they have going during the COVID -19 lockdown. Hiring new employees or engaging consultants – Devon discusses how his company is balancing the need for full-time versus contractors. Also, Robert and Devon check-in with their whiteboard pen company. Surprised and shocked by the cost difference between the US and overseas.
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1. How does the opportunity fit the phase of your life?
2. What family or financial commitments do you have that are not aligned with the opportunity?
3. What are you giving up? Are you exchanging money for equity? (Learn how not to get screwed!)
4. What is your risk tolerance, and are you prepared for the ride? (Does the opportunity fit your life?)
5. What are your blind spots? Are you painting red flags green?
As always, self-worth is at the foundation of every opportunity. When you believe you’re worthy of success, great opportunities come into focus.