7-Day Side Hustle Launch Guide

Jul 31, 2024

Lecture on Starting a Side Hustle in 7 Days by Mike

Introduction

  • Goal: Make passive income by starting a side hustle in 7 days.
  • Mike's Background: Full-time doctor turned successful side hustler.
  • Importance of commitment and focus on one side hustle.

Day 1: Lock in Your Side Hustle

  • Decide on one side hustle to focus on.
  • Avoid distractions from other side hustle ideas.
  • Commitment is more important than the specific side hustle chosen.
  • Learning from Mike's journey through different side hustles and the skills he developed.

Day 2: Reverse Engineer Path to Success

  • Look at case studies of successful people in the chosen niche.
  • Example: Mike studied successful YouTube doctors.
  • Use these case studies as mentors for guidance and realistic goal setting.
  • Avoid comparing your beginning to someone else's advanced stage.

Day 3: Set Up Your Public Portfolio

  • Create a public portfolio to showcase your work (e.g., LinkedIn, Instagram, YouTube).
  • Content serves as proof of your expertise.
  • Example: Mike's students chose his course because of his YouTube content.
  • Start with a 70% completed portfolio and improve over time.

Day 4: Map Out Your Skill Stack

  • Identify core skills needed for your side hustle based on case studies.
  • Find a skill manual: books, podcasts, YouTube series, courses.
  • Dedicate time daily to improving these skills.

Day 5: Set Up Weekly Systems

  • Implement a weekly planning and review system.
  • Weekly planning: Set goals for the week.
  • Weekly review: Evaluate if goals were met and why/why not.
  • Example: Mike does his planning on Tuesday evenings.

Day 6: Set Up Daily Systems

  • Balance work hours and avoid both overworking and procrastination.
  • Recommended: 1 hour of focused work daily for busy individuals.
  • Importance of deliberate, focused work over long distracted hours.

Day 7: Set Up Systems for Focus

  • Treat focus like a habit; develop a consistent routine for focused work.
  • Focus checklist: Each letter stands for an action to prime your mind for work.
  • Example: Specific routine to initiate focus based on habit science.

Conclusion

  • Recap of the 7-day launch strategy for starting a side hustle.
  • Emphasis on commitment, learning, planning, and focus.