May 8, 2019 in Business Coaching
Let's Build Financial Freedom Today!
Let's work smarter today, with the help of an Online Business Coach.
WikiExpert has been fortunate to have the opportunity to interview Nick Loper of Side Hustle. Initially, Nick had a full-time job but quit after some time to start up his own side hustle projects and his entrepreneurial journey. He has worked on various projects and works as a Business Coach. Nick strongly believes that everyone should work towards building financial freedom.
Let's start by talking about Nick's businesses, side hustle, the journey of coaching and his successes:
WikiExpert: So, I see that you had a full-time job at some point, what made you quit and become a side hustler/full-time Online Business Coach?
Nick Loper: I was always motivated to work on my side hustle (a comparison shopping site for footwear) because I hoped it could be my escape route from a life in corporate America. After 3 years of nights and weekends, I had a decent revenue history, at least enough to cover my monthly expenses, and made the leap. Years later, I started Side Hustle Nation and The Side Hustle Show podcast to share more about this lower-risk brand of entrepreneurship.
WikiExpert: What were your biggest challenges after leaving your full-time job and when starting up your business or should I say "side hustle"?
Nick Loper: The biggest challenge initially was the web development struggle of building a comparison shopping engine from scratch. I ended up connecting with a developer who lived near me on Guru.com, and actually worked with his team for almost a decade. Today I think there are tools that would help get that done much faster and cheaper.
WikiExpert: Enlighten us on what happened after you quit your job? What did you start up? How many "side hustles" did you have going on?
Nick Loper: At that time, the shoe site was my main focus. It wasn't exactly the "4 Hour Workweek" lifestyle I naively envisioned when I quit, but I wouldn't trade it for anything. Since then, I've experimented with lots of other projects, including freelancing, other affiliate websites, self-publishing, online courses, e-commerce, and more.
WikiExpert: On your journey to success, what was the most valuable lessons that you've learned?
Nick Loper: It's all an experiment. When I go into projects with that mindset, it lessens the sting of the inevitable failures along the way and positions everything as an opportunity to learn.
WikiExpert: We all strive for financial freedom. However, most of us are too afraid to leave our 9-5 jobs because of the fear of financial instability, what advice would you give you people who are too afraid to leave their comfort zone?
Nick Loper: It's scary! Even though I'd built the side hustle up to a certain point, I still questioned if I was "allowed" to quit my job. Could I really cut my own paycheck? What if it all blows up? One question to ask is to consider your real-life worst-case scenario. Of course, don't make a bet you can't afford to lose or put yourself in dire straits financially, but we tend to over-exaggerate the worst-case scenario in our minds.
WikiExpert: What is the biggest mistake that you've seen new entrepreneurs and hustlers make?
Nick Loper: Waiting for perfect timing or the perfect business idea. Neither exists.
Now, let's get to know a little more about Nick and what he can't live without and his favorite things to do:
WikiExpert: Name the three things that you love the most? And can't live without?
Nick Loper: My wife and family. The Side Hustle Nation community. Travel.
WikiExpert: If there was one thing you could change about the world, what would it be?
Nick Loper: I would love to see more science and entrepreneurship taught in schools. I think that might make a brighter future politically, financially, and environmentally.
WikiExpert: I see that you love traveling and have already visited 25 countries! Which is great! Which country did you enjoy traveling the most? And where's your next stop?
Nick Loper: Next stop is Hawaii! I think my all-time favorite city is Venice, which was just magical, but Vietnam was a surprise highlight from our trip to Asia a few years ago. Maybe I just had low expectations going in, but the food and people were awesome.
WikiExpert: Describe yourself in three words.
Nick Loper: Curious. Persistent. Quiet.
WikiExpert: Who is your role model and why?
Nick Loper: The person who's probably influenced me the most in the online business space is Pat Flynn from Smart Passive Income. I admire his work ethic, transparency, and commitment to helping his community.