Taking the Leap: Starting a Side Hustle | Blendi Muriqi & Caroline Ramos

Join Blendi Muriqi and Caroline Ramos as they discuss her journey from renting out her own property to becoming CEO of Host and Keep. Caroline shares insights on starting a side hustle, the importance of delegation, and building a strong team to scale a short-term rental business.

Takeaways:

• Take the leap and start a side hustle while still working a full-time job
• Have a clear vision and plan for your business, including knowing your exit strategy
• Proper accounting and bookkeeping are crucial for business success
• Hire the right talent and create opportunities for growth and connection within the team
• Company culture and purpose are important for attracting and retaining talent Building a strong team and delegating tasks is crucial for business growth.
• Documenting processes and creating standard operating procedures (SOPs) facilitate delegation and ensure consistency.
• Recognizing and appreciating team members' contributions is important for employee satisfaction and retention.
• Referrals and organic marketing through SEO can be effective strategies for scaling a business.
• Short-term rentals can provide higher returns, but they require more hands-on management.
• Delegating tasks allows entrepreneurs to focus on their core competencies and drive business growth.

Chapters:

(02:58) - Starting a Side Hustle
(05:15) - Vision and Exit Strategy
(08:06) - Accounting and Hiring
(25:30) - The Value of Time and Delegation
(28:28 - Building a Strong Team and Documenting Processes
(32:58) - Scaling a Business through Referrals and Organic Marketing

For short-term rental management, visit Host and Keep: http://www.hostandkeep.com/
For cleaning service needs, check out Clean and Collected: https://www.cleanandcollected.com/

Stay tuned for more episodes!
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