From Hustle to Business: When Should You Start Building Structure with Joel Inyang and the host Francis Onuk

all right now we're talking about moving from hustle to a structured business now for a young person a student out there

yeah

hustling day to day right to make ends meet to help them in school and everything Are there ways that you can begin to think of structuring that hustle into a business?

Yes, it is important to clarify that starting as a hustle is not bad.

In fact, I think that's like the root.

Most businesses.

Yeah, that's the root.

The problem, like I stated earlier, is consistently staying there.

So for these students who want to grow, probably maybe he or she wants a small perfume business.

I think students do that a lot.

Now you could think about more ways to structure this business.

Probably you might not have money to get a space initially, but you could look at how can I utilize an online presence where if somebody visits my business online, firstly, they have to be a business name.

It should be registered even if it's as a business name, not a limited liability initial business name.

Yeah, you could work with a business name registered, well structured social media presence.

That tells me that you are a serious business.

When I'm sending you money, the accounts you give me to pay shouldn't carry your name.

It should carry your business name.

It should have your logo, flyers, just this branding positioning.

that tells that you so that way you can grow that because if for any reason you get more capital or you get customers that are willing to pay you more it means you can scale

that

business structure as opposed to if it were just your personal branding you're more like just be beating around the bush you know yeah