Solomon Kahn’s Post

For most data people - the best side hustle is getting better at your actual job. It takes a lot of effort, time, and expense to go from zero to $1k/month with some random side business... If instead you focus on being a superstar at your data job you would have a much clearer path to WAY more than $1k extra per month. Not to mention the risks! That side hustle might hurt you at your day job. You might succeed at your side gig and get to $1k/month but lose the $30k promotion - or lose your job entirely! But Solomon, don't you post on LinkedIn and don't you have a long history of doing side projects? I never posted on LinkedIn until I started a company where part of my job became marketing my product to data people. I would never have survived the tough times that happen as a data leader if all the business executives at my company saw me posting on LinkedIn while they had major issues going on. This is why VERY few data leaders in companies are out trying to "build their personal brands" on LinkedIn. It's a non-starter politically. If Delivery Layer got acquired and I found myself in a CDO role vs. a marketing role, my LinkedIn activity would be substantially different. I also did side projects, but never side hustles! The projects were to build my skills for my main job. I wasn't out trying to make money from any of them. Many of the projects were supporting my company's brand by doing things like open sourcing projects that were useful for work etc... I also only did those projects when working at companies that encouraged side projects. For many years I did no side projects because I was not at a company where the culture celebrated side projects. If you were in a dead-end career with no growth prospects, I'd give very different advice. But great data people have amazing career opportunities if you become a superstar at your job. Sacrificing that future for your side hustle doesn't seem worth it.

Federico Romeo Zambelli

Software (Data) Engineer | Data Professional

4mo

What if somebody has the chance to do a side hustle and simply asks their current employer for the green light? That would alone prevent half the issues you described. Plus, the side thing would also contribute to improving their skills, as they'd face a very different reality than what they're used to, in terms of tech, people, requirements etc...

Vincent Granville

AI/LLM Disruptive Leader | GenAI Tech Lab

4mo

But once your "little side activity" generates your first $1m in revenue (assuming profit margin > 50%), things get a lot easier. The hard part is making your first million. And nope, consulting is not the way to go. It helps if you love making money, as a game, a passion, something you genuinely love doing. I do. Not because I want to be rich (I am a minimalist without even health insurance -- which incidentally helps with becoming rich), but because it enriches and pleases my brain more than common business problems. Which means that I am open to anything that generates money. A good chunk or mine comes from arbitraging, the real estate market in particular. Below is my most recent acquisition, with the best ocean views on the entire West Coast. Facing the San Juan islands on the West, and snow-capped Mount Baker on the East. The result of being "unemployed" for 12 years and still counting...

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The other side hustles that are super worth getting better at are personal finances and health where you accrue 100% of the benefits of improving in these areas.

Eden Ehm - MS-BIA, MBA

Data Multi-Hyphenate | Scientist - Analyst - Visualizer - Thought Leader | Data Scientist 9-5 & Professional Musician 5-9 | edenehmdata.com | 🔮👩🏻💻📈🎤 #DataRealTalk

4mo

What if your side business is a lifelong creative outlet, totally unrelated to data, that you really enjoy? 🤔 I agree with you that spreading too thin is a detriment to all income streams, yet I think there’s massive value to both the main and side hustles by building an intentionally diverse and carefully curated “portfolio career” aligned with actual passions.

Kobe Bryant once said put all your eggs in one basket. Then go get more eggs. Double down in your craft, and get excellent. Then learn more crafts to be even better.

Steven Stark

Top Operations Research Voice on LinkedIn | Follow for OR, Python, Interviewing Content and More | All Opinions are my own

4mo

Is the average promotion for the average data job for the average company going to give you a $30k raise? I would say no. If you want a $30k+ bump, your best bet is to get a job somewhere else.

Bethany Lyons

Data | Product | GTM | Start-ups

4mo

This is wise advice among the sea of influencers promising that you can earn $1 million per year if you quit your day job

Bowen Wilder

RNG Operations Data Specialist | SQL | Excel | PowerBI | Project Management | Data & Business Analytics Aficionado

4mo

I've actually just come to this conclusion... not really a side hustle as it's a bootcamp... but I realized that I'm getting stressed out trying to learn the curriculum for the course in addition to upskilling tools I use (and/or will use in the near future) at my current position. I decided to quit the bootcamp in order to free up some time and energy for myself as well as for the organization. I hope the sacrifice in time, money, and attention I gave to the course will now pay dividends for my team.

Dr. Anastasia Karavdina

Turning Data Enthusiasts into Data Pros

4mo

Refreshing point at the time, when many people say: "You shouldn't put all eggs in one basket"! "Side hustles" can be various things. Some of them can actually help you to gain skills, which might be difficult to acquire at your main job. And since you invest your time and effort in it, getting paid for this sounds fair to me. So I think it isn't about getting additional source of income, but rather about strategic thinking: does the "side hustle" enhance your profile and helps in growing the expertise or is it rather distracting and will slow down your career?

Lily BL

Data Analyst | Project Management | Business Administration | Let's Talk Tech...

4mo

Ohhh you have a juicy post today!! 😝 All the two and three job people, hats off to you each👏🙌! Y’all make it look easy! But it is a lot of work and coordination. First time side-hustle-ers beware for sure. It’s not as easy as it looks, it just looks easy, the easy part is an illusion. I like how your post keeps in mind the risk of the side hustle eliminating your main job. Sometimes it’s not obvious until it’s too late .😵💫☺️ If you must side hustle I’d add, look to vertical lines of businesses of your day job as they might be familiar and use the same skill set. Also just consider requesting/finding OT if you just want more income.

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