236: What I’ve Learned and Applied from 49 Awesome Entrepreneurs – Part 4

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At the end of nearly every episode of The Side Hustle Show, I ask my guests for their #1 tip for Side Hustle Nation. There’s always a great variety of responses, and I wanted to take some time today to go through some of my favorites from the past 50-ish interviews.

I first did this for episode 50, which was my first-ever solo podcast recording, and then again in episode 124 and episode 177. If you like this short-and-sweet meta-style show, be sure to check out those ones from the archives as well.

And even though my primary motivation is to extract helpful tactics for you, the listener, I can’t help but learn from my guests as well. You never know when inspiration will strike or where you’ll hear the one insight that has a huge impact.

These episodes are a lot of fun to put together, and give me an excuse to revisit some of my favorite moments and wise words from the show.

From the last 49 guests, the 3 most common #1 tips I heard were:

  1. Get started.
  2. Take action.
  3. Build your audience.

While those might sound overly generic, don’t be quick to dismiss them. If all these really smart and successful people keep saying these episode after episode as their “#1 tip,” I think they’re worth paying attention to.

What action can you take today to apply those tips?

My #1 Tip? Find your WHY.

Why side hustle? What are you trying to build? What will that afford you?

At the end of this episode, I share a new #1-ish tip: if success is owning your calendar and being free to spend your time how you like, start doing it today in some small but meaningful way.

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The Goods

Here are the tips. The ones in bold are the ones I spend some time talking about and applying in my work.

178 – Darrel Fitzpatrick – “Money has a time value – strike while the iron’s hot.

179 – Tiffany Aliche – “Build your tribe NOW!

180 – Scott Tarcy – “Get started – take action.

182 – Ace Chapman – “Transition your thinking. Don’t build your income from scratch.

183 – Chris Deardorff – “Make it easy for customers to do business with you.

184 – Bailey Richert – “If you want people to buy your courses, provide value. Make it a no-brainer.”

186 – Dan Harris – “The happiest people are doing things that they absolutely love to do and are really good at.”

187 – Neil Patel“Be persistent.”

188 – Matt Miller – “Get started today.

189 – Anton Kraly – “Don’t try to sell cheap items, start big.

190 – Rachel Pedersen – “Decide is this is a marathon or a sprint.

191 – Tom Morkes – “Get started.

192 – Kara Lamerato – “Don’t wait; the time will never be just right.” —Napoleon Hill

193 – Alexandra Kenin – “You ARE an entrepreneur. I never thought I would be an entrepreneur and I became one. You can become one too.

194 – Toni Anderson – “Have amazing customer service.

195 – Adam Houge – “Focus on building your audience.

196 – Steve Cunningham – “Over 50% of workers will be freelance by 2020; this shift will either the biggest opportunity or the biggest threat in your career. Generate multiple income streams.

197 – Erik Fisher, Mike Vardy, and Paul Minors 

Erik: “Make some time to recharge.
Mike: “Keep a journal.
Paul: “Persist.”

199 – Rosemarie Groner – “Calculate your ROI.”

200 – Tony DiLorenzo – “Get something up there that allows you to begin making money, like a top 10 list.”

201 – Joshua Lisec – “Connect your service to an unsolved problem or an unmet goal.

202 – Erin Chase – “Keep producing great content.

204 – Elizabeth Potts Weinstein – “It’s really about communicating with clients and customers, and making sure everything is clear.”

205 – Gabe Arnold – “Validate your idea with real dollars as fast as you can.

207 – Thomas Frank – “Impose limits on yourself in the form of deadlines and commitments.”

208 – Josh Bauerle – “Build your audience first.

209 – Andy Slamans & Liran Hirschkorn 

Andy: “Ask yourself, what do you want for 2017? What do I want out of this month?
Liran: “
Get into physical products.

210 – Nagina Abdullah – “Look at the long game. Set short-term goals, but know your big picture long-term goal.

211 – Yuri Elkaim – “Put aside time for the side hustle.

214 – John Lee Dumas – “Failure to plan is planning to fail.

215 – Mark Wills & Roman Rosario 

Mark: “Don’t throw a ton of money at something until you know you have traction.
Roman: “
If you’re going to partner, partner with someone who complements your skillsets.

216 – Elaine Heney – “Go sign up [for Merch] today, look at trending topics, and register for Redbubble.

217 – Nathan Chan – “Have 6 months of runway. Build a product with recurring revenue.

218 – Kendell Rizzo – “Take time for your business self, and keep track of your achievements.

220 – Joseph Hogue – “Republishing old posts tripled my traffic.

221 – Dan Meadors – “Don’t be afraid to ask.

222 – Chad Carson – “Hustle! It’s your superpower.

223 – Jacques Hopkins – “Have a compelling hook.

224 – Derek Murphy – “Focus on providing value.

225 – Dr. Kenyon Meadows – “A good investor is a knowledgeable investor.”

226 – Scott Voelker – “Do something! Take action and get a result.

227 – Colin Jones – “Being an entrepreneur comes down to doing the 20% you really don’t want to do.

228 – Kamila Gornia – “Start with the end in mind.

229 – Steve P. Young – “Connect with people. The best way to do it is to interview people you admire.

231 – Perrin Carrell – “It’s OK to start super-niche.


Your Turn

What would your #1 tip be? Or, what’s your favorite from these archives?

Leave a comment below and let me know!

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Nick Loper

About the Author

Nick Loper is a side hustle expert who loves helping people earn more money and start businesses they care about. He hosts the award-winning Side Hustle Show, where he's interviewed over 500 successful entrepreneurs, and is the bestselling author of Buy Buttons, The Side Hustle, and $1,000 100 Ways.

His work has been featured in The New York Times, Entrepreneur, Forbes, TIME, Newsweek, Business Insider, MSN, Yahoo Finance, The Los Angeles Times, The San Francisco Chronicle, The Financial Times, Bankrate, Hubspot, Ahrefs, Shopify, Investopedia, VICE, Vox, Mashable, ChooseFI, Bigger Pockets, The Penny Hoarder, GoBankingRates, and more.

4 thoughts on “236: What I’ve Learned and Applied from 49 Awesome Entrepreneurs – Part 4”

  1. “Don’t break the chain” is amother strong productivity method, that can be applied to almost all areas of life: For instance, you set yourself the goal to write 500 words each day for 30 days. Whenever you have done it, you can cross off with big red pen the respective day in your calender. Therewith, you create an even longer chain from day to day that you don’t want to break.

  2. Hi Nick,

    Great list of lessons. Persistence would have to be my favorite on the list. It definitely requires persistence to build your side hustle.

    Without persistence, it would be so easy to quit and go try to find something else that may or may not work. I’ve done that and been there.

    My next favorite would be to build an audience. Without an audience, no one is listening to you. The best way that I’ve found to build an audience is to provide as much value as possible.

    If your content is great, people will eventually start to follow you.

    Great lessons and definitely ones to live by.

    Have a great day :)



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