Finance & Business

6 Signs It’s Time To Turn Your Side Hustle Into A Full-Time Business

Published

7 years ago

April 17, 2018

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From Etsy shops to freelance design work, it seems like almost everyone has a side hustle these days. In fact, one 2017 survey found that approximately half of all Millennials have some type of side hustle, “in a bid to boost their cash or chase a long-held passions.”

In my experience, a big motivator behind starting a side hustle, is a desire to eventually leave behind the 9-to-5 grind and work for yourself. But how can you have confidence that you’re ready to turn your side hustle into a full-time gig?

During a recent interview I did with Justin Gignac, Adam Tompkins and Emily Slade of Working Not Working, I was able to gain a few extra insights into what helps entrepreneurs know it’s time to finally take the plunge. Here’s how you can have confidence that you’re ready to take your side hustle full-time.

1. You’re Financially Ready

It doesn’t matter what your side hustle is; chances are, you won’t be making a ton of money right from the get-go. In addition, many entrepreneurs need loans or investments to start growing their business—and that requires good credit.

As Working Not Working founder Adam Tompkins advises in his interview, “You need to have a couple months’ rent in the bank—a little bit of a cash buffer.” Why? Well, Tompkins and Gignac didn’t really pay themselves much until they were a few years into running their business. A strong credit score and a healthy savings can make all the difference during those early stages.

2. Your Personal Work Is Gaining Attention

Traditionally, many freelancers try to gain attention for their work through projects they complete for smaller clients or by putting up spec work. As the Working Not Working team explains, however, one way to know your side hustle is ready to go to the next level, is when your passion projects are starting to gain attention.

“We know so many people who put stuff out on Instagram and it turns into a full-time job for them,” Gignac explains. “I think that’s what you need to do. You need to go for what you’re into. People want to hire passion.” If your passion projects are turning into job offers and building your online following, your side business is ready to expand.

3. You’re A Motivated Self-Starter

Once you start working for yourself, there’s only one person responsible for your results: you. That means discovering the most reliable ways for keeping yourself motivated for the long haul—whether that’s plastering motivational quote posters to the walls around your workspace, regularly rewarding yourself at the end of the workweek, or otherwise, you’ll need sustained motivation in order to make it full-time with your business.

Fellow entrepreneur and podcast guest, Stephanie Joanne, who currently works for herself as an online business coach, puts it this way: “Yes, talent and great ideas are important, but they’re not everything. At the end of the day, if you don’t have discipline or you’re not a self-starter, you will not be successful with your side hustle. You have to develop these entrepreneurial skills before you try and take it full-time.”

4. You Know Your Business Basics

If you don’t know how to actually run your own business, things will quickly fall apart. Are you aware of the many mistakes that derail young companies? Do you fully understand what your overhead costs will be? Have you priced your product well for your ideal customers? Do you have a well-thought-out growth plan to help you expand at a sustainable rate? Are you aware of trends and shifts in your niche? The better you understand your market as a whole, the easier it will be to make a smooth transition.

5. You’ve Mastered The Art Of Self-Promotion

Never forget that your side hustle is a real business. That means you’re going to need to devote a fair amount of time (and financial resources) to promoting yourself and your solutions. After all, how else are you going to find new clients?

As Tompkins explains, while this can prove to be a challenge, it’s an essential art to master. “Think of it more like you’re starting a business of one person rather than going freelance. The self promotional aspect is hard for a lot of people, but it’s really really important. There are a lot of talented freelancers out there who don’t do it well and don’t succeed because of it, and less talented people that do it well and succeed more.”

6. You’re Missing Out On New Projects

As you gradually expand your side hustle, new clients might start reaching out to you, or your current clients might want you to do more work. “There’s all these great things that just open up as soon as you say yes to a project,” Slade says. “It sort of sets a tempo.”

Of course, it’s hard to take on additional work for your side hustle if you can only dedicate nights and weekends to it. If you’ve reached the point where you wish you could say yes to more projects and feel like you’re actually missing out on financial growth by turning them down, then the time has probably come for you to go full-time.

Living The Dream

Leaving behind your old job to fully dedicate yourself to your side hustle can be scary—but it doesn’t have to be. As so many people have learned, when the signs are pointing in the right direction, you can move forward with confidence as you start chasing (and living) your dream.

Forbes

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Christian Wealth Principles

6 Biblical Money Foundations That Unlock Financial Freedom – What the Bible Really Says About Wealth

You will learn about Godly wealth principles and Christian money tips. It covers managing money, financial freedom and you will also explore Biblical investing, and blessings.

Published

3 days ago

June 16, 2025

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Introduction

Is money evil? Should Christians be rich? What does the Bible really say about wealth?
Many believers struggle with finances due to mixed messages. But Scripture provides clear wisdom about money management. In this post, discover 6 Biblical money foundations that help you enjoy wealth without guilt and handle finances God’s way. This will help you in Faith and finances. You will learn about Godly wealth principles and Christian money tips. It covers managing money God’s way as well as spiritual and financial freedom. You will also explore Biblical investing, tithing, and blessings.

Watch the full video breakdown on our Faith & Fortune Finance YouTube channel [embedded below].

___________________

1. God Owns Everything—We Are Just Stewards

Psalm 24:1 – “The earth is the Lord’s, and everything in it.”

God owns it all—your money, house, gifts, even your ideas.
You’re not the owner. You’re the steward.

Action Steps:

Shift from ownership to stewardship
Ask God how to manage what He’s entrusted to you
Use wealth to glorify God, not just yourself

Quote:

“When we see money as God’s, we handle it differently—with purpose, peace, and power.”

2. Diligence and Hard Work Bring Prosperity

Proverbs 10:4 – “Lazy hands make for poverty, but diligent hands bring wealth.”

Financial laziness is mental, physical, and spiritual.
Avoid laziness in planning, learning, and building wealth.

Example: Oprah Winfrey built a global empire through diligence—not luck.
Biblical Application: Psalms 1:3 – “Whatever he does prospers.”

Faith + Action = Prosperity

Action Steps:

Show up early. Learn. Network. Execute.
Serve God in your work, not just in church.
Work is worship when done with purpose.

3. Avoid Debt and Live Within Your Means

Proverbs 22:7 – “The borrower is slave to the lender.”

Debt leads to anxiety, stress, and missed opportunities.
God’s people are called to financial freedom.

Real-World Example:
Chris Hogan teaches the power of debt-free living in Everyday Millionaires. These everyday millionaires became wealthy by saving. They also budget carefully and avoid debt.

Action Steps:

Budget with a plan, not emotion
Buy only what you can afford
Practice the “banana principle”: Don’t chase what’s ripe today but rotten tomorrow.

4. Tithing and Generosity Invite God’s Blessing

Malachi 3:10 – “Bring the whole tithe… see if I will not throw open the floodgates of heaven.”

Generosity invites God into your finances.

Real-World Example:
Bill Gates’ philanthropy helped eradicate diseases and feed nations. He gave to bless, and the blessing multiplied.

Action Steps:

Tithe as an act of faith
Give beyond money—give time, wisdom, love
Be a blessing to others

5. Invest and Multiply What God Gives You

Matthew 25:14–30 – Parable of the Talents

God expects you to grow what He gives you. Don’t bury your potential.

Real-World Examples:

Warren Buffet invests long-term with wisdom and restraint
Ray Dalio succeeds through planning, research, and principles

Action Steps:

Start small—just start
Learn to invest: stocks, skills, businesses
Multiply resources for Kingdom impact

6. Practice Contentment—Avoid the Love of Money

1 Timothy 6:10 – “The love of money is the root of all evil.”

Wealth is a tool, not a goal.

Real-World Example:
Dave Ramsey lives and teaches contentment after rebounding from financial failure. He preaches peace over pressure.

Action Steps:

Be content with what you have
Avoid comparison and consumerism
Focus on eternal rewards over earthly riches

🎯 How to Apply These Biblical Money Foundations Today

✅ Recognize that God owns everything
✅ Be diligent and hardworking
✅ Avoid debt and impulse purchases
✅ Tithe and give generously
✅ Invest wisely
✅ Practice contentment daily

Watch Full Teaching on YouTube

👇Watch this full video breakdown with real-life case studies and extra teaching only on Faith & Fortune Finance:

Conclusion

God’s financial principles aren’t just spiritual—they’re practical. Apply them and you’ll see peace, purpose, and prosperity flow into every area of your life.

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Finance & Business

As Nigerians Battle Pains Of Soaring Petrol Price

This is more than just about fuel; it’s about the larger picture of governance failure. The fact that a country as oil-rich as Nigeria can’t provide affordable fuel for its people is a tragedy.

Published

8 months ago

October 16, 2024

Tracking Times

BY IFEANYI MOGBOLU

The Daily Times-The latest fuel price hike in Nigeria is beyond frustrating. Every time we think it can’t get worse, it does, and yet again, ordinary Nigerians bear the brunt of it.

It’s like a never-ending cycle, where the government’s promises of reforms or stabilisation always end up as empty rhetoric. The cost of living is already sky-high, and now, with fuel prices rising again, transport fares, food prices, and basic commodities are bound to follow suit.

It’s enraging because it doesn’t feel like anyone is truly considering the everyday citizen who is struggling just to survive.

This is more than just about fuel; it’s about the larger picture of governance failure. The fact that a country as oil-rich as Nigeria can’t provide affordable fuel for its people is a tragedy. The subsidies are gone, and now we’re left in a situation where the prices of everything keep climbing, while salaries remain stagnant or non-existent for many.

The disparity between the elites and the masses is growing, and it feels like nobody in power truly cares about the suffering of the people.

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The anger isn’t just about fuel; it’s about the entire state of living. Nigerians are exhausted. There’s no sense of security; power supply is erratic, basic infrastructure is crumbling, and inflation is at an all-time high. How do we live like this? Every day is a battle to make ends meet, and the government seems utterly disconnected from the struggles on the ground.

It’s infuriating that while politicians and elites live in luxury, the rest of us are left scrambling for the bare minimum. The state of living is unbearable, and the lack of empathy or real action from those in power only adds salt to the wound.

There’s a deep sense of anger and betrayal that comes with seeing your country’s wealth mismanaged, while the people continue to suffer. It’s hard not to feel like we are constantly being taken for granted, pushed further into hardship without any hope of relief. Something has to give, because this state of affairs is unsustainable.

QUOTE:

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Finance & Business

Nigeria To Receive $5.600,000 From Bill Gates, For Health And Agricultural Reforms, GMOs

Alongside the activities surrounding the 79th United Nations General Assembly in New York, Vice President Kashim Shettima held a meeting with the Bill and Melinda Gates Foundation leading to the announcement of the donation by the Foundation’s head of Global Development.

Published

9 months ago

September 27, 2024

Tracking Times

Bill Gates, GMOs, KASHIM Shettima

Bill and Melinda Gates Foundation is giving Nigeria through Vice President Kashim Shettima, a $5.600,000 funds to speedy up health and agricultural reforms in favour of the GMOs in Nigeria, and flood relief.

Through the Foundation’s head of Global Development Programme, Dr Christopher Elias, Bill Gates pledged $5 million grant approved for Lagos Business School and partners to develop the agricultural economics they called “industrial cassava” and $600,000 for flood relief in Borno State and other health sector initiatives.

Recall that on 4 September, Bill Gates had described the Nigeria’s economy as “stagnated” and proposed agricultural reforms for faster and increased growths in crops, fruits, vegetables amongst others to enhance nutritional values of the Nigerian citizens through the agricultural sector.

In that meeting Chaired by Vice President Kashim Shettima, Bill gates urged Nigeria to adopt “innovative crop varieties with shorter growing periods, higher yields, and better pest resistance” pointing to the GMOs to address the food crisis.

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Moreover, at the 79th UN General Assembly in New York, VP Shettima reaffirmed to the Bill and Melinda Gates Foundation, the commitment of the administration of President Bola Ahmed Tinubu prioritizing health, nutrition, and agricultural development in Nigeria’s national agenda.

In a statement by Senior Special Assistant to the President on Media and Communications, Office of the Vice President, Stanley Nkwocha, Shettima said: “we are deeply committed to addressing the pressing developmental challenges facing our nation, particularly the significant malnutrition crisis”.

He emphasised the Federal Government’s dedication and urgently working to secure locations for maize production under the Telemaze programme.

VP Shettima, promising swift action to the Gate’s Foundation on import permits for certified seeds, the VP said, “We recognize the critical importance of food security and industrial agricultural development. The Cassava Accelerator programme, in particular, holds immense potential for our economy.

“We are pursuing a whole-of-government approach to digitisation and data exchange systems, which we believe will revolutionise our public services,” he added while reiterating the government’s focus and commitment to digital transformation.

“With the expertise” of Nigeria’s ministers, “and the continued support of partners like the Gates Foundation,” the nation remains confident in its “ability to drive meaningful change and improve the lives of all Nigerians.”

In his response, President of the Global Development Programme at the Gates Foundation, Dr. Christopher Elias, said the Foundation is burdened with worries of the severe flooding in Borno, and is “committed to supporting Nigeria in times of crisis.”

Speaking of Polio, the Foundation said, “We’re impressed by the national task force’s efforts to eliminate variant polioviruses by year-end,” Dr. Elias noted.

Also, President of Global Growth & Opportunity Division at the Bill & Melinda Gates Foundation, Rodger Voorhies, detailed plans for scaling up drought-tolerant maize production and advancing the Nigeria Cassava Investment Accelerator programme emphasizing that a $5 million grant has been approved for Lagos Business School and partners to develop the agricultural economics of industrial cassava.

In his words, “Industrial cassava presents a multi-billion-dollar opportunity for Nigeria,” Voorhees stressed.

He requested import permits for 5,000 metric tons of certified GMO maize seed to build a foundation seed system in Nigeria.

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