EconomyMoney Clinic Podcast: How can I scale up my...

Money Clinic Podcast: How can I scale up my side hustle?


Millions of people started a “side hustle” to make some extra cash during the pandemic, but how can you judge if it’s possible to scale yours up into a fully-fledged business?

On Money Clinic podcast this week, presenter Claer Barrett travels to Norwich to meet 24-year-old Evvia. She works as a full-time care assistant, but in her spare time, is a fledgling fashion designer.

A year ago, she started a vintage knitwear business from her bedroom. Today, her Loupy Studio label has over 40,000 followers on Instagram, and she is receiving orders from all over the world.

Evvia’s creations are in such hot demand, she will have to scale back her hours at work to keep up — but she wonders how this might knit together financially.

Jo Ellison, editor of How to Spend It, gives her verdict on whether Evvia should increase her prices, and talks about the financial challenges facing young designers.

Plus, chartered accountant Deborah Edwards from Raised Up Finance unravels important questions about tax, different company structures and how entrepreneurs like Evvia can develop a growth mindset for their businesses.

To listen, click on the link above, or search for Money Clinic wherever you get your podcasts.

If you would like to be a future guest on the show, please email money@ft.com or follow Claer on social media @ClaerB.





Original Source Link

Latest News

Bumble joins the tech layoff trend, cutting a third of its staff after CEO shakeup as it struggles to entice new paying users to...

Bumble Inc. is cutting about one-third of its workforce after a recent executive shakeup as the online dating...

Strike CEO Jack Mallers Announces Expansion of Services into Africa

Today, Jack Mallers, the CEO of Strike, has announced the expansion of Strike's suite of Bitcoin services into...

Google CEO: Gemini AI photo diversity scandal ‘offended our users’

Hi everyoneI want to address the recent issues with problematic text and image responses in the Gemini app...

Brickbat: Hard To Swallow

New York City Council Member James Gennaro has introduced a bill banning the the sale or distribution of...

Must Read

The New Satoshi Emails: 120 Pages Detailing Work on Bitcoin

Satoshi Nakamoto's earliest collaborator Martii 'Sirius' Malmi has...

The Weird, Wacky Gizmos and Gadgets We Saw at MWC 2024

Have you played Doom on a robot lawn...
- Advertisement -

You might also likeRELATED
Recommended to you