Start Your Side Hustle #ShapeNA16

Jul 25, 20161 like622 views

A large percentage of millennials want to start their own businesses. 66% want to be their own boss and 3.7% of US businesses are owned by those under 30. Many millennials see side hustles as a way to gain flexibility and fulfillment beyond traditional employment. Starting a successful business requires finding a market need and developing a plan around one's strengths and skills. Tiffany Yu shares her top 10 tips for those looking to start their own business, which include cutting commitments, using one's network, and prioritizing self-care.

@ I M T I F FA N Y Y U# S H A P E N A 1 6
O F M I L L E N N I A L S WA N T T O
S TA R T T H E I R O W N B U S I N E S S E S
6 6 %
3 . 7 %
O F U . S . B U S I N E S S E S A R E
O W N E D B Y T H O S E U N D E R 3 0 *
* as of 2013; Source: Bentley University (2014)

@ I M T I F FA N Y Y U# S H A P E N A 1 6
I WA N T
T O B E …
I A M …
M Y O W N B O S S

@ I M T I F FA N Y Y U# S H A P E N A 1 6
S I D E
H U S T L E

@ I M T I F FA N Y Y U# S H A P E N A 1 6
– C AT H E R I N E B A A B - M U G U I R A ,
“ M I L L E N N I A L S A R E O B S E S S E D W I T H S I D E H U S T L E S
B E C A U S E T H E Y ’ R E A L L W E ’ V E G O T, ” Q U A R T Z
“The side hustle offers
something worth much
more than money: A hedge
against feeling stuck and
dull and cheated by life.”

@ I M T I F FA N Y Y U# S H A P E N A 1 6
– C AT H E R I N E B A A B - M U G U I R A ,
“ M I L L E N N I A L S A R E O B S E S S E D W I T H S I D E H U S T L E S
B E C A U S E T H E Y ’ R E A L L W E ’ V E G O T, ” Q U A R T Z
“In any case, those of us who are
employed generally understand
ourselves to be lucky. [But your
side hustle is] the distraction
from your disappointment, a
bridge between crass realities
and your compelling inner life.”

@ I M T I F FA N Y Y U# S H A P E N A 1 6
W H Y ?

@ I M T I F FA N Y Y U# S H A P E N A 1 6
M O S T B U S I N E S S E S FA I L …
Source: Fortune Magazine (2014)
# 1 R E A S O N
L A C K O F
M A R K E T N E E D
F O R T H E I R P R O D U C T

@ I M T I F FA N Y Y U# S H A P E N A 1 6
H O W D O I S TA R T ?
W H AT A M I
G O O D AT ?
W H AT D O
P E O P L E
N E E D ?
W H AT C A N
D R I V E M Y
E C O N O M I C
E N G I N E ?

@ I M T I F FA N Y Y U# S H A P E N A 1 6
C A S E S T U D Y

@ I M T I F FA N Y Y U# S H A P E N A 1 6
C U T Y O U R
T I F FA N Y ’ S T O P 1 0 T I P S1
C O M M I T M E N T S

@ I M T I F FA N Y Y U# S H A P E N A 1 6
L I K E A B O S S
T I F FA N Y ’ S T O P 1 0 T I P S2
S C H E D U L E

@ I M T I F FA N Y Y U# S H A P E N A 1 6
U S E Y O U R
T I F FA N Y ’ S T O P 1 0 T I P S3
N E T W O R K

@ I M T I F FA N Y Y U# S H A P E N A 1 6
F I N D Y O U R
T I F FA N Y ’ S T O P 1 0 T I P S4
T R I B E

@ I M T I F FA N Y Y U# S H A P E N A 1 6
E V E RY T H I N G
T I F FA N Y ’ S T O P 1 0 T I P S5
O U T S O U R C E

@ I M T I F FA N Y Y U# S H A P E N A 1 6
A LWAY S
T I F FA N Y ’ S T O P 1 0 T I P S6
A D D VA L U E

@ I M T I F FA N Y Y U# S H A P E N A 1 6
AT W O R K
T I F FA N Y ’ S T O P 1 0 T I P S7
D O N ’ T F L A U N T I T

@ I M T I F FA N Y Y U# S H A P E N A 1 6
C E L E B R AT E
T I F FA N Y ’ S T O P 1 0 T I P S8
S M A L L W I N S

@ I M T I F FA N Y Y U# S H A P E N A 1 6
M A K E
!
A P R I O R I T Y
T I F FA N Y ’ S T O P 1 0 T I P S9
S E L F - C A R E

@ I M T I F FA N Y Y U# S H A P E N A 1 6
R E M E M B E R Y O U R
T I F FA N Y ’ S T O P 1 0 T I P S1 0
W H Y

@ I M T I F FA N Y Y U# S H A P E N A 1 6
“Tell me, what is it that you plan to do with
your one wild and precious life?”
Cut your commitments
Schedule like a boss
Use your network
Find your tribe
Outsource everything
Celebrate small wins
Always add value
Make self-care a priority
Remember your why
Don’t flaunt it at work
1
2
3
4
5
6
7
8
9
1 0
T I F FA N Y ’ S T O P 1 0 T I P S
J U S T S TA R T. Y O U W O N ’ T R E G R E T I T.
A N D D O N ’ T Q U I T Y O U R D AY J O B … Y E T.

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Looking for expert portfolio management Services to maximize your returns? AS Portfolio Management Services provides professional investment strategies tailored to your financial goals. Our team of experienced analysts carefully selects the best stocks, mutual funds, and other assets to optimize your portfolio’s performance. With AS Portfolio Management Services, you get personalized financial planning, risk management, and regular market insights to ensure steady growth. Whether you are a beginner or an experienced investor, our services help you achieve long-term wealth creation. Join AS Portfolio Management Services today and take control of your financial future. Get expert guidance, diversified investments, and high returns. Contact us now to start building a profitable portfolio! contact for more information: https://asportfoliomanagementservices.com/

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Let’s discuss ‘Standby Letter of Credit vs Bank Guarantee,’ which is a common confusion in the minds of many. A standby letter of credit and a bank guarantee are actually very similar products. As a matter of fact, if we go back and look at the origination of the standby letter of credit, we may be able to understand the similarity better. Under the Glass-Steagall Act, passed by the US Congress in 1933, banks were not allowed to participate in investment banking activities. Consequently, they couldn’t issue a bank guarantee as well. As this was a lucrative business, they got around this act by forming their letters of credit as bank guarantees. They called this new product the standby letter of credit. From this, we can infer that the standby letter of credit is actually a hybrid version of a bank guarantee.

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Start Your Side Hustle #ShapeNA16

1. @ I M T I F FA N Y Y U# S H A P E N A 1 6 O F M I L L E N N I A L S WA N T T O S TA R T T H E I R O W N B U S I N E S S E S 6 6 % 3 . 7 % O F U . S . B U S I N E S S E S A R E O W N E D B Y T H O S E U N D E R 3 0 * * as of 2013; Source: Bentley University (2014)

2. @ I M T I F FA N Y Y U# S H A P E N A 1 6 I WA N T T O B E … I A M … M Y O W N B O S S

3. @ I M T I F FA N Y Y U# S H A P E N A 1 6 S I D E H U S T L E

4. @ I M T I F FA N Y Y U# S H A P E N A 1 6 – C AT H E R I N E B A A B - M U G U I R A , “ M I L L E N N I A L S A R E O B S E S S E D W I T H S I D E H U S T L E S B E C A U S E T H E Y ’ R E A L L W E ’ V E G O T, ” Q U A R T Z “The side hustle offers something worth much more than money: A hedge against feeling stuck and dull and cheated by life.”

5. @ I M T I F FA N Y Y U# S H A P E N A 1 6 – C AT H E R I N E B A A B - M U G U I R A , “ M I L L E N N I A L S A R E O B S E S S E D W I T H S I D E H U S T L E S B E C A U S E T H E Y ’ R E A L L W E ’ V E G O T, ” Q U A R T Z “In any case, those of us who are employed generally understand ourselves to be lucky. [But your side hustle is] the distraction from your disappointment, a bridge between crass realities and your compelling inner life.”

6. @ I M T I F FA N Y Y U# S H A P E N A 1 6 W H Y ?

7. @ I M T I F FA N Y Y U# S H A P E N A 1 6 M O S T B U S I N E S S E S FA I L … Source: Fortune Magazine (2014) # 1 R E A S O N L A C K O F M A R K E T N E E D F O R T H E I R P R O D U C T

8. @ I M T I F FA N Y Y U# S H A P E N A 1 6 H O W D O I S TA R T ? W H AT A M I G O O D AT ? W H AT D O P E O P L E N E E D ? W H AT C A N D R I V E M Y E C O N O M I C E N G I N E ?

9. @ I M T I F FA N Y Y U# S H A P E N A 1 6 C A S E S T U D Y

10. @ I M T I F FA N Y Y U# S H A P E N A 1 6 C U T Y O U R T I F FA N Y ’ S T O P 1 0 T I P S1 C O M M I T M E N T S

11. @ I M T I F FA N Y Y U# S H A P E N A 1 6 L I K E A B O S S T I F FA N Y ’ S T O P 1 0 T I P S2 S C H E D U L E

12. @ I M T I F FA N Y Y U# S H A P E N A 1 6 U S E Y O U R T I F FA N Y ’ S T O P 1 0 T I P S3 N E T W O R K

13. @ I M T I F FA N Y Y U# S H A P E N A 1 6 F I N D Y O U R T I F FA N Y ’ S T O P 1 0 T I P S4 T R I B E

14. @ I M T I F FA N Y Y U# S H A P E N A 1 6 E V E RY T H I N G T I F FA N Y ’ S T O P 1 0 T I P S5 O U T S O U R C E

15. @ I M T I F FA N Y Y U# S H A P E N A 1 6 A LWAY S T I F FA N Y ’ S T O P 1 0 T I P S6 A D D VA L U E

16. @ I M T I F FA N Y Y U# S H A P E N A 1 6 AT W O R K T I F FA N Y ’ S T O P 1 0 T I P S7 D O N ’ T F L A U N T I T

17. @ I M T I F FA N Y Y U# S H A P E N A 1 6 C E L E B R AT E T I F FA N Y ’ S T O P 1 0 T I P S8 S M A L L W I N S

18. @ I M T I F FA N Y Y U# S H A P E N A 1 6 M A K E ! A P R I O R I T Y T I F FA N Y ’ S T O P 1 0 T I P S9 S E L F - C A R E

19. @ I M T I F FA N Y Y U# S H A P E N A 1 6 R E M E M B E R Y O U R T I F FA N Y ’ S T O P 1 0 T I P S1 0 W H Y

20. @ I M T I F FA N Y Y U# S H A P E N A 1 6 “Tell me, what is it that you plan to do with your one wild and precious life?” Cut your commitments Schedule like a boss Use your network Find your tribe Outsource everything Celebrate small wins Always add value Make self-care a priority Remember your why Don’t flaunt it at work 1 2 3 4 5 6 7 8 9 1 0 T I F FA N Y ’ S T O P 1 0 T I P S J U S T S TA R T. Y O U W O N ’ T R E G R E T I T. A N D D O N ’ T Q U I T Y O U R D AY J O B … Y E T.

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Start Your Side Hustle #ShapeNA16

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