Introduction
We’re all aware of the growing demand for health coaches across the United States. If you didn’t know, then you wouldn’t be here! Congratulations on taking the steps to explore your options and make the best decision for your health coaching future. This article lists the top pros and cons of starting a health coaching side hustle business and how Flowell can help you reach your goals. If you’re looking to keep your full-time job while getting your business off the ground, then this post is for you!
PROS
Flexibility: Being employed allows for a certain level of stability and structure, while also giving you the flexibility to pursue your side hustle in your spare time.
Starting a full-time business is a major commitment that comes with a lot of risk. Working as a full-time employee can be limiting when it comes to health coaching your ideal client. So, what is the solution to this problem? Start a side hustle! A side hustle gives you the best of both worlds. You have the stability of your full-time (or part-time) job while working on your own business. Now you can fulfill your entrepreneurial dreams! If you have a few hours per week to spend working on your private health coaching business, you can have a side hustle. Because you’re bringing in a steady paycheck from your job, you have more flexibility to work as much or as little as you desire on your business. This path gives you the chance to breathe and take it slow. You don’t have to stress about finding massive amounts of clients to make ends-meet.
Extra income: Earning above average hourly pay rates for your side hustle can provide a significant boost to your income.
Making more money isn’t usually a bad thing, right? So, let’s think about this for a minute. You’re working full or part-time for your employer and decide to start your health coaching business on the side. Your side hustle is your business. This means you can charge whatever you deem appropriate for your services. You can increase your income by working with a handful of clients each month. Think about what you can do with an extra $500/month. That sounds pretty good, doesn’t it? If you’re looking to increase your income while doing the work you love, then a side hustle business might be right for you.
Experience: Running a side hustle can provide valuable experience and skills that can apply to your full-time job or future career.
Finding a full-time career as a health coach can be difficult if you don’t have any experience. Starting your side hustle can go one of two ways, both with amazing outcomes. Say you have a full-time job in an industry outside of health coaching to maintain your income. You decide to start your business while working full-time. Now, you are gaining valuable experience in coaching while supplementing your salary. After several months or a year, you will have the experience required to work as a full-time health coach. Here’s the best part…because you have worked so hard on your side hustle, you have an incredible foundation to scale your business to full-time or work for an employer. Either way, you have set yourself up for success in the health coaching industry. Amazing job!
Personal fulfillment: A side hustle can be a great way to pursue your passions and interests outside of your regular job. This can lead to increased personal fulfillment and a sense of accomplishment.
Most health coaches enter the field because of their own health journeys, a yearning desire to make an impact on people's lives, or a combination of the two. If you help even one person reach their goal of living a healthier life, you have accomplished something great. Serving even a few clients per month can lead to an increased feeling of worth and personal fulfillment. This in and of itself is a pro that cannot be ignored. If your ultimate goal is to help others, then go for it. Your craft is vital to your community, don’t forget that!
Networking: A side hustle can also provide opportunities to network with other professionals in your field or related fields, which can be beneficial for your career development
As a health coach, you will want to network with others and continue your education. The field of health coaching and disease prevention is ever evolving. This means that staying up on the latest information is essential to success. Even working part-time on your business lends itself to an increase in networking opportunities. Engaging with other professionals in your field allows for collaboration, improved communication, and idea sharing. This type of networking can open doors for potential employment opportunities or scaling your own private health coaching practice.
Cons
Time management: Balancing a full-time job and a side hustle can be challenging
You have a full-time job and you’re looking to start a side hustle, huh? Are there enough hours in the day? That is a serious question that needs to be answered before forging ahead. Luckily, a side hustle doesn’t require nearly as much time as a full-time business. However, a side hustle does require a time commitment. Being realistic with your allotment of time is crucial to making the decision to start. The commitment to your full-time job will take priority over anything on the side. Remember to consider work-life balance, family time, and self-care. All of those factors will play a big part. As a professional, if you are not making time for yourself, your work and clients could suffer the consequences.
Stress: Managing two sources of income can be stressful, especially if you are working long hours or have a lot of responsibilities.
Juggling a full-time job and your own business can lead to increased stress. You may find yourself prioritizing your business over your full-time work which can pose a problem. On the other hand, you may neglect your business because of increased demands at work. Both of these issues can be stressful. Your full-time employer deserves 100% of your attention just as the private clients you signed on to work with. Who comes first? Which tasks take precedence? These are difficult choices that will inevitably need to be made.
Potential conflict: There is a risk of conflict between your full-time job and your side hustle
Now, we’re going to discuss a real problem in the health coach industry. Conflict of interest! Many employers will require a signed non-compete prior to starting work. This means that the employer may not allow you to work with clients outside of the organization. Of course, this is not cut and dry. Some contracts may state that you cannot work with their clients during your employment period or for a length of time afterwards. Other contracts may state that you cannot use any of the same marketing platforms to promote the same services. Again, you will need to fully understand the contract before signing so there are no future issues. In the event that an organization has super strict rules, you may find yourself choosing a side-hustle in order to scale to a full-time business of your own.
How can Flowell help you?
Whether you are looking to start your own full-time business or side hustle, Flowell should be your first choice for support. Not only do we have the expertise in starting your health coaching business from scratch, but we have experts in the field who can guide you regardless of your direction. Do you want to work full-time for an employer? We have mentors who have been in your shoes. Are you ready to get your side-hustle up and running? YES! Our Flowell team members have run side-hustles while working full-time in the industry. Maybe you’re 100% in on getting your business off the ground. We. Are. Ready. For. You!! Brand new health coaches, brand new business owners, you are our people. We work with newbies every single day. We are so confident that you will not only succeed but thrive! Let’s do this!!
Conclusion
We hope this article has helped you see the pros and cons of starting a side hustle. Remember, it is important to do your research before making any decisions about starting one. Speak to other health coaches who have established their businesses. Ask questions and make an informed decision. Whatever you decide, Flowell is here to help!
Learn how we can help you get your side-business started, click here.
