Or a dog grooming business? Or do you have something extra? Do you own your own home? The answers to these questions are not just in your head. They are in your real life.
It’s not always a good idea to make $200/year working your own business. In fact, it’s often not a good idea at all. The reality is that even if you just make a few extra hundred bucks each week, that’s a lot of money and takes your mind off work.
So if you can make a living as a dog walker, you better invest in some skills that make you more productive while you’re doing it.
There are a whole host of practical skill items you can put into your practice that you won’t be able to buy elsewhere. In fact, you’ll actually be making money doing it – in some cases, much, much more than working a job. If you’re like me and can’t spend money on frivolous things, you may be wondering just how much money to invest.
One of the best way to figure out just how much a skill will increase your personal income (if it’s really worth investing) is to look at your typical hours. So let’s go back to the example at the bottom of the article.
If you start working an average 8 hour work day on a $7 hourly salary, you’ll earn about $70/hour from all other sources. If you’re making just the other skills listed above, you’ll make $130/hour. If you’re making $250/hour but also making $60/hour on other skills/projects, you’ll make $210/hour. Those aren’t huge numbers in the grand scheme of business, but if you take a closer look at you actual hours (and take into account all your other sources of income) then you can see exactly how much your income will increase with a specific level of practice. That’s because your actual hours (based on work time) will be greater the better you do.
Here’s the important part – you can increase your hours by doing any one of the following:
Practice more. It’s not a matter of changing your own habits – you’ll need to take on extra clients (or other ways of making money) if you want to do more – you just need to make up for hours lost through not working. So don’t go for the cheap – get some paid time off. It may cost you extra, but not much
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