The fifth and last part of the Side Hustle Business Plan is the financial plan. This part covers information on the finance required to take the side hustle off the ground and how it will be obtained. Specifically, the plan will indicate the estimated pre-operational costs, working capital, start-up financial…
Another awards show, another slew of nominations for Cardi B. The “Press” rapper leads the 2019 BET Hip Hop Awards ceremony with a whopping 10 nominations, followed by DJ Khaled, Travis Scott and J. Cole who land at 8. Drake follows shortly behind at 7. The Awards show will return to Atlanta…
Following the walkthrough on the business start-up process, my next posts on shall be on how to prepare a Side Hustle Business Plan. A plan consists of decisions made in advance on a matter before it is undertaken. For example, if one intends to travel to Mombasa for holiday, he…
Digital skills combined with competence and character qualities are very essential in this era of the gig economy. Focusing on giving learners very strong foundational skills and exposing them to the real world where they are able to identify real-life challenges and come up with solutions. Tunapanda Institute is a…
When I was a child there were two types of African businesspeople: a “BigMan” was someone who had started with a small shop in the village and then expanded it into a supermarket (usually in the nearest big town). As I got older the BigMan had ventured into operating buses…
The side hustle launch may be broken down into the following two parts. Pre-launch preparations Launching day PRE-LAUNCH PREPARATIONS At least one month before the actual day of launching the side hustle, one should prepare a checklist of items to be put in place at the business premises. The same…
After all, the side hustle gets me more money than my salary. That is a saying that we hear or have said on several occasions. If you are in this position or are considering it, let us do a social experiment first. While the books of your side hustle may…
Business operation systems are standardised ways that an organisation uses to carry out its activities. Systems include processes, procedures and approaches for conducting business. Below are some of the areas in which one would develop and implement systems for running the side hustle business. Manufacturing Service Delivery Marketing Distribution Human…
Both the national and county governments exercise control over businesses to protect the interests of customers. They do so through issuing licences and permits and enforcing various business laws of the land. Below are some of the legal requirements for business operations. Licences and Permits Taxation Employees Welfare Other Business…
After choosing the location of a side hustle, the next step is to search for its premises. The search will not apply for an home-based or online-based business. It may take time to obtain premises in the chosen area if they are in high demand. Seek services of a property…