Archive for the ‘Second jobs’ Category

Be the Greatest Thing Since Sliced Bread

Positioning yourself as an expert can give your career and your business a boost. After all, when you’re a trusted authority, people are more likely to seek you out and to refer you to others. Whether you’re in business or simply a professional career, figuring out just how to build your expert status can give you an edge.

After I got interviewed by CBC this week, some people asked how they could do the same. And, every day, someone comes to this website, wondering how they can build up their expert status or position themselves as a consultant, so that they can command higher fees. And while I’ve got Six Tips for Jumpstarting Your Expert Status, I thought perhaps a little presentation might help. 

And so I created…

How to be the greatest thing since sliced bread

(You can view it full-screen by pressing play and then clicking the little rectangle with the black box in it on the right.)

The thing is, I believe each and every one of you has it within you to become an expert at something. Really. You just need to pick the right niche and work at it. Give it time. You might not get it right immediately. But give it time.

Incidentially, kudos to my dad, who often talks about this or that being the greatest thing since sliced bread. (I must say I had a great time reading about the history of sliced bread.)

 

Side jobs and second jobs

Side jobs and second jobs are more common than you think. Side jobs and second jobs aren’t just held by those struggling to make ends meet. No, side jobs and second jobs are held by people from all income brackets, including managers, teachers, and top-level executives.

Why would employed people want to take on side jobs and second jobs? For example, you may have a hobby that costs a lot of money. But what if, instead, you chose side jobs and second jobs as your hobby? You’d be eliminating the costs associated with your hobby and replacing the costs with an income!

There are many reasons to have side jobs and second jobs:

  • To earn extra income to pay down debt, go on vacations, etc.
  • To gain experience in an industry that interests you
  • To spend your free-time in a productive way
  • To offer you job satisfaction
  • To replace a hobby
  • To work towards a transition to a full-time career change

If you’re interested in making some extra income, building your own business and working from home, side jobs and second jobs may be perfect for you. Check out this list of ideas for second jobs.

Of course, you could always consider whether you want to become an independent consultant as your side job. Consulting is a common idea for side jobs and second jobs because as a consultant you can earn a very high hourly wage. If you want to find out more about what it takes to become a consultant, check out the becoming a consultant FAQs.

Check out my book on Side Jobs:

 Side Jobs - Second Jobs, Side Gigs & Part-time Businesses Ebook

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Personal inventory – taking stock of yourself

Personal inventory taking a.k.a. taking stock of your unique attributes can help you determine your future in self employment. Your personal inventory can help you figure out how your skills, experiences, strengths, weaknesses, goals and interests all fit together. By getting a better sense of your personal inventory, you can figure out who you are and what you have to offer – and just how self employment might fit into that.

Personal inventory can launch your dreams

Many people dream of self employment, but freeze up when it comes to actually doing something about it. That’s understandable. Not every dream needs to be explored. But taking the time to figure out what your dreams are and how who you are fits into those dreams can help you uncover your potential. And a personal inventory can help you explore who you are in depth.
 

Personal inventory can help with overcoming obstacles

Moreover, by taking the time to work through your dreams and interests, you may discover solutions to problems you thought were unsolvable. For example, some people worry about letting go of their day jobs, so, for them, starting a side business may be the best option. Others worry about carrying all the weight on their own shoulders, so they seek out business partners, joint venture partners and mentors. Still others get nervous about income fluctuation, so they build up solid emergency funds.
 
A personal inventory can help you get a strong sense of who you are, so you can build an action plan to achieve your dreams. And that confidence will serve you in good stead, whatever path you pursue.
 
If you’d like to work through a personal inventory, consider our Discover Your Inner Consultant or, for parents, Discover Your Inner Entrepreneur (for Moms).
 

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Two truths: you can hold both

Do you ever struggle with your desire to build a successful business and the here and now of where your business is today? Perhaps you struggle with a variety of truths:

  • You want very much to work on your own, but you feel a need to have someone guide you
  • You are inspired to grow your business, but you procrastinate and get behind
  • You love running your own show, but you have lonely days
  • You love what you do, but you hate how most of your days look
  • You know you’ll make serious money when your business grows, but you’re not there yet and you’re struggling to pay the bills
  • You love the excitement of new assignments, but you don’t like feast or famine cycles
  • or perhaps you’ve got your own polar truths to add here

Perhaps you feel one or the other must be true. But both can be true. You can hold both of those ideas.

The solution is finding a way to address both ideas. If one idea is really affecting your today, then look at how to solve it. It’s okay to take steps to make positive changes.

You can hold two truths.

Maybe you need to get a part-time job. Or a full-time job. Or join a networking group. Or get a mentor. Or do more social stuff. Or write a new business plan. Or draft a new marketing plan. Or build up an emergency fund.

In fact, as I write in How to make the leap to full-time consulting, you can take small steps. You needn’t jump to one polar view or take a black and white approach. You CAN build a successful business while having fears, uncertainties, hesitations, financial woes and more. You just need to honour those points and look to address them.

Your feelings matter. And they need not be one way or the other. You can hold multiple feelings and still be "right" and "successful".

Finding the energy for a second job or side biz

A second job may sound a bit over the top. I mean, if you’re working at a day job, how could you possibly have time for a second job or a side business? Well, here’s a secret.

The average US resident spends 2.6 hours a day watching TV, for a total of 18.2 hours a week. What if you put just half that time into working at a second job or side business? And that time watching TV doesn’t even account for time spent surfing the web, chatting on the phone, puttering around the house and so on.

I’m not suggesting that people cut out their leisure time. But, if watching TV isn’t paying your bills or putting food on your table or even helping you feel joy and accomplishment, maybe you could make some trade offs.

 

Check out my book on Side Jobs:

 Side Jobs - Second Jobs, Side Gigs & Part-time Businesses Ebook

Part-time second jobs – a juggling act

This is a guest post by Seth Holden.

Part-time second jobs can seem like an overwhelming possibility. Many people are even embarrassed when looking for a part-time second job. But with 6.5 percent of the United States population unemployed and bad news seemingly coming every day, a part-time second job can help tremendously in achieving your own personal goals, paying off debt and keeping your family financially secure.

Finding a part-time second job

Part-time second jobs can seem like chameleons, hiding from you. But there are many viable ways to find work. Probably the most effective route, if at all possible, is to visit the business you want to work at in person and ask about job openings. You could also walk down a business district or a mall and simply walk into any place of business and ask. There may or may not be a help wanted sign, so don’t rely on just that.

Checking the classified ads in your local newspaper is also a tried and true way of finding a job. There is generally a mix of full and part time opportunities, and many options are flexible.

A part-time second job means many things

Having a side job doesn’t mean having to work the overnight shift somewhere. Check out these ideas for second jobs. Like juggling, having that other job may look hard, but with some practice it can be done by anyone.

Seth Thomas currently lives in New Hampshire. He uses Consultant Journal as his second part-time job. In his spare time he hikes and records little songs, some of which can be heard on his MySpace.

Check out my book on Side Jobs:

 Side Jobs - Second Jobs, Side Gigs & Part-time Businesses Ebook

One in three New Yorkers has a second job

New Yorkers depend on second jobs to help them pay the bills, according to research from Siena College. About 34% of NYC residents rely on second jobs and overtime.

New Yorkers aren’t alone. Here in Vancouver — one of the most expensive cities in the world — most of the people I know have held second jobs at some time or another. Most of my friends with regular day jobs also do consulting on the side.

What’s it like where you live?

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Side jobs – 10 ways to get ahead

Want to get ahead? Consider taking on a side job. Working at a second job is often a great way to:

  1. Pay down credit card debt
  2. Save for a downpayment
  3. Build up an emergency fund
  4. Top up your retirement fund
  5. Get your consulting business or other small business off the ground
  6. Eliminate your student loans
  7. Save up for a car
  8. Get money together for a dream trip
  9. Have a dream wedding
  10. Have cash on hand for the next year of car insurance, home insurance or anything else you’ve been planning to finance.

I started consulting on a part-time basis, back when I still had a day job. As a result, I was able to achieve many dreams. Now I run my own business on a full-time basis. What could a side job do for you?

Check out my book on Side Jobs:

 Side Jobs - Second Jobs, Side Gigs & Part-time Businesses Ebook

Related to side jobs

Second job tax deductions

Second jobs can lead to tax deductions. Actually, in some cases, you can claim expenses on your US income tax for first or second jobs. Via TaxMama, here’s a great post about tax deductions for second jobs.

In Canada, some people are entitled to deduct employment expenses, too. This is possibly the case in other countries. Regardless of whether you have just one job or a second job, you should look into whether or not you can claim employment expenses you incur through your work. If your employer doesn’t reimburse all your expenses (such as when you drive on errands or buy supplies), you might be allowed a tax deduction.

Original link was to http://www.asktaxmama.com/podcast/index.php?id=376.

More about taxes and second jobs

Second jobs: why have a second job?

Second job on your mind? Consider these five reasons to pick up a second job.

Top 5 reasons to get a second job

  1. Turn your money-making hobby into a second career – try setting yourself up as an expert in social media, cosmetics, fitness, online research, weddings or anything else that intrigues you.
  2. Diversify your income stream with complementary roles, such as blogging, consulting, freelancing, public speaking, teaching or tutoring.
  3. Get out of debt and build up an emergency fund by expanding your regular earnings.
  4. Build up skills, experience and satisfaction that you can’t get in your current job.
  5. Become a consultant and earn high consulting fees — make $40, $50, $100 or even $500 an hour.

Looking for more top 5 lists? See Probloggers top 5 list group writing project.

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