27 Part Journey to Starting a Side Hustle — Day Five

Photo by Ibrahim Rifath on Unsplash

The Profit Equation

Expected Income — Expected Expenses = Projected Profic

This first part on this chapter talks about the basic principle of how to make a profit. It all boils up to one simple equation. Don’t spend more than what comes on in. Kinda sounds like a strategy for losing weight. The majority of the chapter utilizes an example about renting cars via Turo. So, since the math examples really wont work out for me, let’s analyze what my expenses and potential profits will be for each equation. Since I want to start low, and I’m really just trying to start with “fun” money, I’m going to be very conservative with my estimates. I don’t want to get too excited and over reach and then when things go sideways, I get let down with the actuals. So, in order to minimize the let down, let’s just go with real numbers that I can expect.

Cyber Consulting

STEM U

DIY

Looks like that’s it for today and for this “week” in the chapter. The next chapter start focusing on actions so expect to see a lot more hands on and trial and error results. Thanks for reading and thanks for your support. Can’t wait to share all the details with you!!

I’m an engineer working professionally in San Diego, CA. I’m trying to improve every day and use this space to document. Connect: apetech.me/social

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