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Content provided by Emma Hine & Leanne Lorains, Emma Hine, and Leanne Lorains. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Emma Hine & Leanne Lorains, Emma Hine, and Leanne Lorains or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
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E15: Do You Have a Business, a Hobby, or Just a Side Hustle?

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Manage episode 507988837 series 3665491
Content provided by Emma Hine & Leanne Lorains, Emma Hine, and Leanne Lorains. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Emma Hine & Leanne Lorains, Emma Hine, and Leanne Lorains or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this real and relatable conversation, Emma and Leanne dive into an important mindset question that many self-employed people wrestle with: "Am I running a business, or do I just have a hobby or side hustle?" They unpack what truly defines a business, why mindset matters more than your current income, and how seeing yourself as a business owner can shift everything. Whether you’re making five pence or five million, if you're working for yourself…you have a business.

Key Takeaways:

  • If you're self-employed, you have a business, regardless of how much you're currently earning.
  • Mindset matters: Calling it a “side hustle” can unintentionally limit your growth. Thinking of yourself as a business owner helps you show up differently.
  • Clarity is key: Many people never ask themselves, “What do I actually want from this?” Knowing your goals is essential for sustainable growth.
  • Network marketers, freelancers, and hobbyists…if you’re earning money and it’s within your control, it’s a business.
  • Beware the "expensive hobby" trap. If you're constantly spending and not thinking about profit, it's time to re-evaluate.
  • How you introduce yourself says a lot: Are you calling yourself self-employed, a founder, a freelancer, or a business owner? That language reflects and reinforces your mindset.

Actions & Reflections for Listeners:

  1. Reflect on how you define what you do: Is it a business, hobby, or side hustle in your mind and why?
  2. Audit your mindset: Are you holding yourself back by not owning the title “business owner”?
  3. Ask yourself the big question: Where do I want this to be in 1, 2, or 5 years?

  4. Track your numbers: Are you making money, or just spending? Start treating your business like a business.
  5. Pay attention to how you introduce yourself: Try using “I run my own business” and notice how that shifts the conversation and your confidence.

🔗 Links & Resources:

💥 The £99 (or Less) Offer Idea Generator Prompt
Plug this prompt into ChatGPT and get 5 low-ticket offer ideas your audience will actually want to buy.

https://info.simplifybusinesssuccess.com/free-01

Want support building your business without the overwhelm?Check out our Business Builder here:

https://info.simplifybusinesssuccess.com/free-02

☎️ Join our free bi-weekly 'don't ask google, ask us' call where we can help you first hand move the needle in your business.

https://info.simplifybusinesssuccess.com/dagau-425226

📱 Connect with us on Socials:

https://www.instagram.com/simplify.business.success
https://www.facebook.com/simplifybusinesssuccess
https://www.linkedin.com/company/simplify-business-success/

🎥 Subscribe to our YouTube Channel:

https://www.youtube.com/@SimplifyBusinessSuccess

Final Thought:

Hit Follow now and join us each week for the strategies,...

  continue reading

17 episodes

Artwork
iconShare
 
Manage episode 507988837 series 3665491
Content provided by Emma Hine & Leanne Lorains, Emma Hine, and Leanne Lorains. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Emma Hine & Leanne Lorains, Emma Hine, and Leanne Lorains or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this real and relatable conversation, Emma and Leanne dive into an important mindset question that many self-employed people wrestle with: "Am I running a business, or do I just have a hobby or side hustle?" They unpack what truly defines a business, why mindset matters more than your current income, and how seeing yourself as a business owner can shift everything. Whether you’re making five pence or five million, if you're working for yourself…you have a business.

Key Takeaways:

  • If you're self-employed, you have a business, regardless of how much you're currently earning.
  • Mindset matters: Calling it a “side hustle” can unintentionally limit your growth. Thinking of yourself as a business owner helps you show up differently.
  • Clarity is key: Many people never ask themselves, “What do I actually want from this?” Knowing your goals is essential for sustainable growth.
  • Network marketers, freelancers, and hobbyists…if you’re earning money and it’s within your control, it’s a business.
  • Beware the "expensive hobby" trap. If you're constantly spending and not thinking about profit, it's time to re-evaluate.
  • How you introduce yourself says a lot: Are you calling yourself self-employed, a founder, a freelancer, or a business owner? That language reflects and reinforces your mindset.

Actions & Reflections for Listeners:

  1. Reflect on how you define what you do: Is it a business, hobby, or side hustle in your mind and why?
  2. Audit your mindset: Are you holding yourself back by not owning the title “business owner”?
  3. Ask yourself the big question: Where do I want this to be in 1, 2, or 5 years?

  4. Track your numbers: Are you making money, or just spending? Start treating your business like a business.
  5. Pay attention to how you introduce yourself: Try using “I run my own business” and notice how that shifts the conversation and your confidence.

🔗 Links & Resources:

💥 The £99 (or Less) Offer Idea Generator Prompt
Plug this prompt into ChatGPT and get 5 low-ticket offer ideas your audience will actually want to buy.

https://info.simplifybusinesssuccess.com/free-01

Want support building your business without the overwhelm?Check out our Business Builder here:

https://info.simplifybusinesssuccess.com/free-02

☎️ Join our free bi-weekly 'don't ask google, ask us' call where we can help you first hand move the needle in your business.

https://info.simplifybusinesssuccess.com/dagau-425226

📱 Connect with us on Socials:

https://www.instagram.com/simplify.business.success
https://www.facebook.com/simplifybusinesssuccess
https://www.linkedin.com/company/simplify-business-success/

🎥 Subscribe to our YouTube Channel:

https://www.youtube.com/@SimplifyBusinessSuccess

Final Thought:

Hit Follow now and join us each week for the strategies,...

  continue reading

17 episodes

Alle Folgen

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