#1290 - CLASSROOM: Forecast Your Profit on a Napkin
Side Hustle School
Chris Guillebeau
4.7 • 3.3K Ratings
🗓️ 13 July 2020
⏱️ 11 minutes
🧾️ Download transcript
Summary
Your side hustle MUST have a clear plan to make money. By using a simple estimating tool to forecast profit and expense, you’ll be able to make decisions with far more confidence.
Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.
Share: #SideHustleSchool
Show notes: SideHustleSchool.com
Twitter: @chrisguillebeau
To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy
Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.
Show notes: SideHustleSchool.com
Email: team@sidehustleschool.com
Be on the show: SideHustleSchool.com/questions
Connect on Instagram: @193countries
Visit Chris's main site: ChrisGuillebeau.com
Read A Year of Mental Health: yearofmentalhealth.com
If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Crypto doesn't sleep, so neither do we. |
| 0:04.0 | Crack-in client support is available 24-7, 365 days a year by call, chat, or email. |
| 0:11.0 | We're here for you whenever you need us. |
| 0:14.0 | Give us a shout at crackin.com forward slash support proof, not investment advice. |
| 0:19.0 | Crypto trading involves risk of loss. |
| 0:23.0 | Hello, hello, what's up? This is Chris Gil about your host of Sadistle School, bringing you the now biweekly classroom episode. |
| 0:34.0 | We did these every week for the first half of the year, and now we're doing them, well as I said, biweekly. That would be every other week. |
| 0:40.0 | If you'd like to catch up on any previous lesson, just go to SadistleSchool.com slash classroom. |
| 0:45.0 | This is a bit of an instructional series. It's a little bit different from the questions and answers that I handle the rest of the week and the case studies and stories that I tell. |
| 0:53.0 | So we do two case studies a week. We do several questions and answers. |
| 0:56.0 | Also a segment called Throbac Thursday, where we get some updates on somebody we featured long ago. |
| 1:01.0 | But for 2020, I wanted to create this series on just some basics of starting out your side hustle. |
| 1:07.0 | They're all completely free. Just go to SadistleSchool.com slash classroom. |
| 1:11.0 | All right, so today we're going to talk about forecasting your profit on the back of an napkin. |
| 1:17.0 | I guess it could be the front of the napkin. Right? Does it matter? Back side of the napkin, front side of the napkin. You be the judge. |
| 1:23.0 | Okay? But forecasting your profit using a simple process. I think that's the point. Doesn't have to be on an actual napkin. |
| 1:29.0 | Forecasting your profit potential for any particular idea using this simple forecasting tool. |
| 1:35.0 | So as we jump in, two important things to keep in mind. First, your side hustle must have a clear plan to make money. |
| 1:42.0 | If you've been listening for a while, you should know that. But we got lots of new folks. |
| 1:46.0 | So when I talk about having a side hustle, I am talking about a money making project. |
| 1:50.0 | Okay? It doesn't mean everything you do in life has to be for money, but that's what we're talking about here. That's our focus. |
| 1:55.0 | Okay? So if you're thinking about different ideas and any one particular idea, you're not quite sure how it's going to turn a profit. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Chris Guillebeau, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Chris Guillebeau and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.