Session 2: How To Launch Your Side Hustle
This 2-hour workshop is designed to provide you with practical steps and essential knowledge to launch your side hustle successfully. We will cover key topics such as honing your business idea using a Lean Canvas, legal structures (sole proprietorship vs. LLC), registering your business with the Secretary of State, setting up a business bank account, drafting a partnership agreement (if applicable), and securing your first clients. Whether you're just starting out or looking to refine your existing side hustle, this workshop will equip you with the fundamental skills and insights you need.
What you’ll get
-
✺ Hone Your Business Idea with a Lean Canvas
Explanation of the Lean Canvas model.
Step-by-step guide to filling out a Lean Canvas.
Interactive exercise: Participants will work on their Lean Canvas.
-
✺ Sole Proprietorship vs. LLC
Definition and characteristics of sole proprietorship and LLC.
Pros and cons of each business structure.
-
✺ Registering Your Business with the Secretary of State
Importance of business registration.
Step-by-step guide to registering your business.
Common mistakes to avoid.
-
✺ Setting Up a Business Bank Account
Why a separate business bank account is crucial.
Choosing the right bank and account type.
Required documentation and steps to open an account.
-
✺ Drafting a Partnership Agreement
The importance of partnership agreements.
Key components of a partnership agreement.
Interactive exercise: Participants will outline key terms for a hypothetical partnership agreement.
-
✺ Securing Your First Clients
Effective strategies for finding and attracting clients.
Building your online presence and network.
Crafting an elevator pitch.
Sign Up Today!
Sign Up Today!
Get access to personalized coaching sessions with Drs. Charlene Green and Allison Mathews to advance your wellness and professional development