Is Your Showbiz Side Hustle Making Money or Just an Expensive Hobby? - Ep. 21

The Showbiz Side Hustle Podcast

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Is Your Showbiz Side Hustle Making Money or Just an Expensive Hobby? - Ep. 21

This episode is proudly sponsored by the Showbiz Sidehustle Handbook - Get your copy here: https://ln-k.me/clGQ
In this eye-opening episode of the Showbiz Side Hustle Podcast, host Nicole Louise Geddes tackles the often-avoided topic of finances.
Are you running a profitable business or just an expensive hobby? Nicole dives deep into the importance of understanding your numbers, tracking income and expenses, and developing a healthy money mindset to transform your showbiz side hustle into a sustainable business.

Learn practical steps for effective financial management, including how to break down costs, identify unnecessary expenses, and create a solid sales strategy. Nicole shares personal insights and encourages listeners to take action by regularly reviewing their finances and setting realistic targets based on seasonal fluctuations in the entertainment industry.

This episode is a must-listen for performers and creative entrepreneurs looking to turn their passion into a profitable venture. Nicole provides valuable tips on overcoming financial fears, seeking help when needed, and using various tools and resources to streamline your business finances.

Don't miss out on this crucial advice that could be the key to unlocking your showbiz side hustle's true potential. Tune in now and take the first step towards financial success in your performing arts career!
Key Points:

1. The importance of understanding your finances

2. Tracking income and expenses

3. Developing a healthy money mindset

4. Creating an effective sales strategy

5. Managing seasonal fluctuations in the entertainment industry

Episode Highlights:

[01:00] Introduction to the topic of finances in showbiz side hustles

[02:15] The importance of making money in your side hustle

[03:15] Determining if your side hustle is a business or an expensive hobby

[04:15] Tracking income and expenses

[06:00] Exploring money mindset

[08:15] Practical steps for financial management

[10:00] Setting a sales strategy

[12:00] Encouragement for listeners to take action

"Money is often the reason that we start the Showbiz Side Hustle in the first place. So it's really important that it's viable, that is crucial."

Actionable Tips:

1. Regularly review your bank accounts and track all income and expenses

2. Identify and eliminate unnecessary expenses

3. Create a sales strategy that accounts for seasonal fluctuations

4. Work on developing a positive money mindset

5. Seek help from financial professionals or knowledgeable family members if needed

Take the first step towards financial success by reviewing your bank accounts and identifying areas for improvement in your showbiz side hustle this week.

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Website: https://performerpreneur.co.uk/
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