The Savvy Empresa

Photo: Karolina Grabowska With the rise of the gig economy and the increasing desire for financial independence, more Americans are turning to side hustles and entrepreneurial ventures to supplement their income.  In this era of multiple income streams, starting a side hustle has become a common pursuit, especially among young people.  However, not all side hustles are created equal, and some have the potential to evolve into full-fledged businesses with substantial returns. Let’s delve into the stories of three entrepreneurs who turned their side hustles into successful businesses, earning millions.  Through their experiences and insights, we'll uncover the secrets to starting a small business side gig that not only complements your day job but also has the potential to thrive and grow. 1. Greg Kerr, Founder of Alchemy Merchandise Greg Kerr's journey began as a musician selling custom pins in 2015 while working a full-time job.  Today, Alchemy Merchandise is a thriving busin

  Photo: Eva Bronzini Are you dreaming of starting your own business but feeling overwhelmed by the process?  You're not alone! Many aspiring entrepreneurs are stuck in the planning phase, unsure of how to turn their ideas into reality.  But what if I told you that you could start your business in just four weeks?  It may sound too good to be true, but it's entirely possible with the right strategy and determination.  In this comprehensive guide, I'll walk you through the step-by-step process of launching your business and setting yourself up for success. Let’s jump in: Week 1: Define Your Target Audience and Pain Points The first step in starting your business is to define your target audience. Who are you trying to reach with your product or service?  Take some time to research and identify your ideal customer demographic.  Are they young professionals, stay-at-home parents, fitness enthusiasts, or something else entirely?  Understanding your target audience will help y

Image: Karolina Grabowska Numerous people perceive financial success as an unattainable aspiration reserved solely for those born into affluent families or fortunate and skilled enough to attain lucrative six-figure careers. According to Ramit Sethi, "Most of the tycoons are originally rich." What's the significance here for you? What are your possibilities for arriving at that grand monetary achievement? As per Sethi, "You don't need to rely upon having rich guardians to turn into a tycoon." Sethi underscored that even individuals who didn't come from a rich foundation or didn't go to a world-class college can in any case assume responsibility for their monetary future. He presented the idea of "three switches," engaging variables that you can use to direct your abundance creation venture. There are three essential switches in Sethi's model: the span of your venture,  the amount contributed and  the profits you see on those specu

  Photo: Unsplash In recent years, the professional landscape has undergone a profound transformation. A shift towards remote options, flexible work, and a desire for greater autonomy over one's career has paved the way for a new trend — the surge in freelancing.  According to Upwork's tenth annual survey,  "Freelance Forward: 2023," freelancing has reached an all-time high, with 38% of the U.S. workforce now consisting of independent professionals, marking an increase of 4 million individuals from 2022.  Freelancers also contributed a staggering $1.27 trillion to the U.S. economy, reflecting a 78% surge from 2014, with an estimated 90.1 million freelancers projected in the U.S. workforce by 2028. Freelancing offers numerous benefits.  From the freedom to choose clients and projects to greater control over one's career trajectory and schedule, being a freelancer provides the opportunity for higher earnings and a healthier work-life balance.  Moreover, for empl

Photo: RDNE (Unsplash) Starting your path to building wealth, especially from modest origins, can evoke feelings of both fear and excitement. Attaining financial freedom requires resilience, strategic planning, and a readiness to accept risk and education.  For women, especially those entering the entrepreneurial realm, this journey may seem even more intimidating due to inherent obstacles and gender prejudices.  However, with a determined mindset and a thorough grasp of the basics of wealth accumulation, it's entirely possible to surmount these obstacles and establish a route to success.   Here are steps you can take to start your path towards financial prosperity,  even if you have limited resources: 1. Have an Abundance Mentality Your mindset is the foundation of your success.  Shifting your focus from obstacles to possibilities, learning from failures,  and continually progressing towards your goals are essential elements of developing an abundance mindset. 2. Start Saving and

Image: Unsplash/NASA Get ready to blast off into a whole new frontier because space is where it's at! Did you know that by 2035, the space economy is expected to hit a mind-blowing $1.8 trillion?  That's right – trillion with a 't'! Right now, space-powered technologies are not just for rocket scientists and astronauts. They're everywhere! From weather forecasts to those well-designed smartwatches on your wrist, space tech is changing the game for industries like retail, food and beverage, transportation, and disaster relief.  It's like the future is knocking on our atmosphere's door, and we'd better answer! According to the bigwigs at the World Economic Forum, " space innovations are opening doors for all sorts of folks, not just the rocket nerds ." As costs drop and accessibility skyrockets, space tech is set to shake up entire industries, just like smartphones and cloud computing did back in the day. So, what's the deal with spac

  Photo: PUIG Puig , the iconic family-run beauty conglomerate, is making headlines with its bold move into the world of public trading.  The Spanish company, known for its luxurious brands like Charlotte Carriage, Paco Rabanne, and Byredo, has announced plans for an initial public offering (IPO) on the stock exchanges in Barcelona, Madrid, Bilbao, and Valencia. With 14 brands under its belt and a slew of fragrance licenses, Puig is aiming high with hopes to raise a whopping €1.25 billion ($1.3 billion) in its primary round of IPO.  But that's not all – they're eyeing an even larger secondary offering that could push their total fundraising to over €2.5 billion.  Image: PUIG And here's the kicker: the Puig family isn't relinquishing control. They'll maintain a majority stake in the company and the lion's share of voting rights. This strategic move comes on the heels of Puig's stellar financial performance in 2023, boasting a 19% increase in net revenues to

I n the complex landscape of financial prosperity and personal fulfilment, there exists a profound contrast between the rich and the poor mindset.  These mindsets dictate not only our financial decisions but also shape our perception of success and fulfilment.  In this blog post, we delve into the contrasting philosophies of wealth  accumulation, examining the obsolete ideas of traditional financial wisdom and  the revolutionary insights offered by the entrepreneurial spirit. Let's dive in. The Obsolete Path to Prosperity For generations, society has propagated the conventional narrative of success: go to school, secure a job,  work hard,  save money ,  eliminate debt, and invest in the long-term stability of the stock market .  Yet, in today's rapidly evolving economic landscape, this blueprint for financial security appears increasingly obsolete.  The relentless expansion of monetary supply and the widening chasm between the wealthiest 1% and the remaining 99% challenge the e