267: The Hustler’s Mindset: The 10 Traits of Successful Side Hustle Entrepreneurs

This should probably be episode 1, not 267, but if I'm being totally honest, I probably wasn't in a place personally or professionally to record it as episode 1.

I’ve avoided doing a “mindset” episode for almost 5 because I didn’t think it was necessary. I thought if people are seeking out business information, entrepreneurship information, they’ve already got the right mindset.

They know what’s up.

They get it.

But older and (hopefully) wiser, I’ve come to see the mindset conversation as an important one, and one I’ve been overlooking for a long time.

This is foundational stuff, and before you dismiss this as way to fluffy for a Side Hustle Show episode, let me give you a couple points to consider on the mindset front.

The first comes from one of my favorite podcasts, Tropical MBA. Their theory is for entrepreneurs making:

• $0-100k - the barrier is mindset
• $100k - $1M - the barrier is marketing
• $1M + - the barrier is your team

I’m sure there are counterpoints but I think there’s a lot of truth in that breakdown.

The second point to consider comes from Dane Maxwell, who was a special guest on episode 119 of The Side Hustle Show, during my public coaching experiment. Dane created several software businesses before founding The Foundation to teach others what he’d learned.

He said the easiest way to test if your mindset is in the right place is to ask if you have or are you getting the results you want?

If not, something must be missing, right?

There’s some brutal honesty in that question, and it took me a minute to wrap my head around it, but the gist of it is this: if you’re not where you want to be, there’s room for some mindset growth or changes.

In this episode I’ll share 10 traits of the hustler’s mindset and do my best to illustrate those with examples from either my own businesses or those of my guests.