Streaming issues? Report here
Aubrey Masango 1500 x 1500 2020 Aubrey Masango 1500 x 1500 2020
The Aubrey Masango Show
20:00 - 00:00
volume_up
volume_mute

The Aubrey Masango Show
20:00 - 00:00
Home
arrow_forward
Business
fiber_manual_record
Lifestyle

How to build a small business without losing your sanity: Slow is the way to go

18 February 2021 8:47 PM
Tags:
The Money Show
Bruce Whitfield
Nic Haralambous
small business
entrepreneurs
side hustle
building a small business

'If you're not mentally ready, you just won't cope!' Entrepreneur Nic Haralambous on avoiding the pitfalls of the side hustle.

In these tough times, one source of income is not enough for many people.

If you've decided you need to supplement your earnings, it's time to take the next step and start a business on the side.

© langstrup/123rf.com

It's not just about ideas and business says serial entrepreneur Nic Haralambous, author of How to Start a Side Hustle.

The most important first step is getting your mindset right.

"Are you ready mentally? Do you have enough time in your day? "

That's where I speak to the 'slow hustle' concept... To build a sustainable business into your life you actually need to do it slowly and carefully and consistently.

Nic Haralambous, Entrepreneur and author

If you're not mentally ready for it, you just won't cope! Your day job will overwhelm you and you won't get to it.

Nic Haralambous, Entrepreneur and author

What people call a time problem is usually a problem of priorities, he reiterates.

RELATED: No such thing as 'no time' for a side hustle! 5 tips from a serial entrepreneur

Commit to a time audit... Did you really want to spend 30 hours last week watching TV?!

Nic Haralambous, Entrepreneur and author

If your priority is financially driven, then that's where your time should go.... Don't let your life happen to you - look at what's happening in your life.

Nic Haralambous, Entrepreneur and author

Checking how much time you need to sleep is important.

Go to bed before 10 pm every night for a week. Don't set an alarm, and see what time you wake up every day. Average out the number of hours you slept - that's how much you need every single night.

Nic Haralambous, Entrepreneur and author

Common mistakes on the road to a side hustle are the "Gollum effect" and holding onto your ideas too tightly, he says.

"Perfection is perilous."

If you're waiting for the perfect time to launch your idea or you're waiting for the perfect idea before you launch, you're already dead in the water.

Nic Haralambous, Entrepreneur and author

Talk to people about what you're building and see if they want to buy it from you. I promise you people aren't trying to steal your idea; they have ideas of their own.

Nic Haralambous, Entrepreneur and author

Listen to Haralambous' expert advice on The Money Show:


This article first appeared on CapeTalk : How to build a small business without losing your sanity: Slow is the way to go




18 February 2021 8:47 PM
Tags:
The Money Show
Bruce Whitfield
Nic Haralambous
small business
entrepreneurs
side hustle
building a small business

More from Business

No food to be served on domestic airlines, only water

1 March 2021 10:15 PM

Siyathemba Inflight Catering MD Sonette Joubert talks about the newly gazetted ruling saying she is still in shock.

Share this:
Read More arrow_forward

SA e-commerce logistics specialist ParcelNinja give up 60% to Imperial

1 March 2021 9:57 PM

Bruce Whitfield chats to Justin Drennan, Co-Founder at Parcel Ninja about the astonishing growth path of the business.

Share this:
Read More arrow_forward

Always wanted to own a piece of a wine farm? Here's how to make it a reality

1 March 2021 8:47 PM

Hemelzicht Vineyards, a new investment model that gives the public the opportunity to own a share in a luxury wine estate.

Share this:
Read More arrow_forward

Sea Harvest buoyant with 17% annual profit hike despite choppy economic seas

1 March 2021 7:57 PM

Despite lockdowns and the global pandemic the fish supplier stayed afloat and was even able to do swimmingly during the past year.

Share this:
Read More arrow_forward

Public sector trade unions demand CPI plus 4% as final wage demand submitted

1 March 2021 4:02 PM

The demands have been submitted to the general secretary of the Public Service Coordinating Bargaining Council (PSCBC).

Share this:
Read More arrow_forward

'State-sponsored corruption should outrage South Africans' - Sars commissioner

25 February 2021 8:43 PM

'I'm infuriated!' Commissioner Edward Kieswetter says he feels the need to speak truth to power. Strong words on The Money Show.

Share this:
Read More arrow_forward

As export sales boost profit, Distell (Savanna, Klippies) eyes Africa expansion

25 February 2021 8:28 PM

Despite the killer liquor bans in SA, Distell posted a double-digit profit for 2nd half of 2020 says Group CEO Richard Rushton.

Share this:
Read More arrow_forward

Woolworths' online food sales soar, but fashion business 'disappointing'

25 February 2021 7:41 PM

Woolworths is not paying an interim dividend, despite strong profit increase. The Money Show interviews Group CEO Roy Bagattini.

Share this:
Read More arrow_forward

Discovery results: 'Strong operating performance, well-positioned for growth'

25 February 2021 7:27 PM

Earnings were negatively impacted by exchange rate volatility but Covid-19 provisions resilient, says Group CEO Adrian Gore.

Share this:
Read More arrow_forward

Strong recovery for 2nd half of 2020 sees Anglo American weather a tough year

25 February 2021 7:01 PM

'I am immensely proud of how our team of more than 95,000 people across Anglo American pulled together' says CEO Mark Cutifani.

Share this:
Read More arrow_forward

More from Lifestyle

Luxury living awaits you at Brookfield at Royal

1 March 2021 5:01 PM

Home is where the heart is... Invest in your family’s legacy and call the magnificent Brookfield at Royal home!

Share this:
Read More arrow_forward

How to deal with cellphone addiction in a relationship

28 February 2021 11:17 AM

Clinical psychologist Khosi Jiyane explains the effects of cellphone addiction in relationships and how it can be resolved.

Share this:
Read More arrow_forward

[WATCH] Moonstruck 2021 - CapeTalk's iconic music festival

28 February 2021 8:17 AM

CapeTalk's iconic summer music festival is back - and for the first time in its history, it's online.

Share this:
Read More arrow_forward

Watch the finalist action from Week 4 of 2021 Dis-Chem Brain of 702

27 February 2021 2:04 PM

ICYMI - Gauteng's brightest minds delivered an epic final battle in the Dis-Chem Brain finale.

Share this:
Read More arrow_forward

As export sales boost profit, Distell (Savanna, Klippies) eyes Africa expansion

25 February 2021 8:28 PM

Despite the killer liquor bans in SA, Distell posted a double-digit profit for 2nd half of 2020 says Group CEO Richard Rushton.

Share this:
Read More arrow_forward

Tumi Morake: Acting has always been my first love

25 February 2021 12:08 PM

In this episode of Hanging out with Clement, media personality Tumi Morake speaks about her childhood, career and family.

Share this:
Read More arrow_forward

Sars plans to tax retirement funds if you leave SA, target offshore assets

24 February 2021 8:42 PM

The proposal to tax retirement fund members when no longer tax-resident in SA is not unreasonable, says Prof. Osman Mollagee.

Share this:
Read More arrow_forward

How much more alcohol will cost you after Mboweni's 2021 Budget Speech

24 February 2021 2:46 PM

Once again this year, you’ll be paying more for your sins.

Share this:
Read More arrow_forward

Does an emotive Sars advert make you feel better about paying tax?

23 February 2021 8:08 PM

It's Budget day tomorrow and branding expert Sizakele Marutlulle chooses a topical campaign as her advertising hero of the week.

Share this:
Read More arrow_forward

The Black Ties give us a taste of what to expect at Moonstruck

23 February 2021 9:48 AM

CapeTalk's iconic event Moonstruck in partnership with Simply Asia will take place virtually on Saturday, 27 February.

Share this:
Read More arrow_forward