At this point, you most likely know what you’d like your side hustle to be. You’ve narrowed down your niche, looked into the feasibility of it, set expectations with your loved ones and defined what systems need to be created. Now it’s time to look at the money. 

Making money is thrilling when you start a side hustle. Generating a dollar out of thin air, instead of going into a job is exciting, and not always so easy. Here are a few things you will want to keep in mind when it comes to making money in your side hustle.

Define What You’re Selling

The first thing you need to do is define what you’re selling. Because you’ve already narrowed down your niche, you know who you will be serving – so now it’s time to really dig in to what you’ll be selling them. If you’ve decided that you are going to sell website design packages, what exactly are in those packages? Detail out what you’re selling so you can put it into a proper proposal. 

If you are having trouble defining this, just set a timer for 20 min and brainstorm all the things you could sell your target customer. You don’t have to offer it all, but if you can get it all out on paper you should be able to create a compelling package. Just remember not to overload yourself in the beginning – you want to make sure you can deliver. 

Make It Recurring

If you can create a way to bring in recurring revenue, you’ve hit side hustle gold. Recurring revenue is great for a lot of reasons, but the main one is that you sell once

By George Kaplan

Production is dominated by major international companies, particularly, and maybe surprisingly, European ones. Principally Shell (NYSE:RDS.A) (NYSE:RDS.B) and BP (NYSE:BP), but with Equinor (NYSE:EQNR), Eni (NYSE:E), Total (NYSE:TOT) and Repsol (OTCQX:REPYF) (OTCQX:REPYY) also active and many are (or were) seemingly wanting to expand in the area. Maybe this is an example of reciprocal technology transfer: the North Sea was initially developed with a lot of American offshore know-how and there it may now be the reverse is happening as deeper water fields using floating and subsea systems are developed.

The recent growth in production has come from the larger players, and they are taking a bigger slice of the expanding pie. The medium sized independents and smaller non-operating owners held many assets in shallow water but do not have the money, risk acceptance or knowledge to participate in the deep and ultra deep projects.

Lease Operatorship

Each lease has a nominated operator, and the proportion of production for each operator is shown. This is not the same as the operator of the surface processing platform; for example, Julia is a subsea lease operated by Exxon Mobil (NYSE:XOM) but the fluids are processed in the Chevron (NYSE:CVX) operated Jack FPU. Exxon Mobil provided the subsea control system that interfaces with the subsea wells and Chevron installed and now operates it. Operatorship of the leases is concentrated, and the proportion growing, amongst the major oil companies (shown), and still more so for the operations of the surface facilities.

The big three operators dominate the drilling activity, which is now almost all deepwater, even more than they do production.

Reserve Holdings

Reserves are concentrated among the larger players; they also mostly show reserve growth (from brownfield growth I think), whereas the smaller companies mostly show decline. These

ORLANDO, Fla. (AP) — About 8,800 part-time union workers at Walt Disney World in Florida will be part of the 28,000 layoffs in Disney’s parks division in California and Florida, union officials said Wednesday.

The addition of the union workers to the almost 6,500 nonunion layoff already announced brings the Disney-related job losses in Florida to more than 15,000 workers.

Disney officials announced last week that it was laying off 28,000 workers because of the coronavirus pandemic. Two-thirds of the planned layoffs involved part-time workers and they ranged from salaried employees to hourly workers.

Disney’s parks closed last spring as the pandemic began spreading in the U.S. The Florida parks reopened this summer, but the California parks have yet to reopen as the company awaits guidance from the state of California.

In a letter to employees, Josh D’Amaro, chairman of Disney Parks, Experience and Product, said California’s “unwillingness to lift restrictions that would allow Disneyland to reopen” exacerbated the situation for the company.

Disney has soared to success with the breadth of its media and entertainment offerings, but is now trying to recover after the coronavirus pandemic pummeled many of its businesses. It was hit by several months of its parks and stores being closed, cruise ships idled, movie releases postponed and a halt in film and video production.

The layoffs of the part-time union workers were announced by the Service Trades Council Union, a coalition of six unions that represents 43,000 workers at Disney World.

“These are unprecedented times,” the Service Trades Council Union said in a statement. “It is unfortunate anytime a worker is laid off and the mass layoffs that Disney is facing are extremely difficult for 1,000s of Cast Members.”

No fulltime workers, also called cast members, will be laid off under the deal the unions

Black people who have a strong sense of psychological well-being may have better heart health, a new study indicates.

It suggests that feelings of optimism and a sense of purpose and control — hallmarks of psychosocial resilience — are more important to heart health than where people live, researchers said.

Lead researcher Tené Lewis, an associate professor at Emory University’s Rollins School of Public Health in Atlanta, noted that differences in heart health between Black and White Americans have been documented for decades. But individual factors affecting Black Americans have not been well understood.

“Almost everything we know about Black Americans and their health focuses on deficits, yet we really need to begin to identify strengths,” she said. “Understanding which strengths matter most for Black Americans — and under which contexts — will allow us to develop the most appropriate and applicable public health interventions for this group.”

For the study, the researchers recruited nearly 400 Black volunteers between the ages of 30 and 70. They investigated whether the American Heart Association’s Life’s Simple 7 metrics were linked to better heart health among them. The seven measures include smoking, physical activity, diet, weight, blood sugar, cholesterol and blood pressure.

Participants also completed standard questionnaires gauging their psychosocial health.

This information was then compared with neighborhood data on heart disease and stroke and death rates.

In neighborhoods with high rates of heart disease and stroke, Black adults with higher psychosocial resilience had a 12.5% lower risk of heart disease than those who were less resilient, the researchers found.
The findings were published Oct. 7 in the journal Circulation: Cardiovascular Quality and Outcomes.

“We assumed that being both high on psychosocial resilience and living in a resilient neighborhood would be the most beneficial for cardiovascular health, yet what we found was that

(Reuters) – Wells Fargo & Co <WFC.N> has started to cut jobs at its commercial banking unit as part of larger reductions that will impact nearly all of its functions and business lines, a company spokeswoman said on Wednesday.

The bank resumed job cuts in early August after it paused layoffs in March because of the COVID-19 pandemic.

Wells Fargo said in July it would launch a broad cost-cutting initiative this year as the bank braces for massive loan losses caused by the pandemic and continues to work through expensive regulatory and operational problems tied to a long-running sales scandal.

“We are at the beginning of a multiyear effort to build a stronger, more efficient company for our customers, employees, communities, and shareholders,” a spokeswoman said via email on Wednesday.

“The work will consist of a broad range of actions, including workforce reductions, to bring our expenses more in line with our peers,” she added, without specifying the number of job cuts.

Wells Fargo has cut 700 jobs as part of workforce reductions that could ultimately impact “tens of thousands” of staff, Bloomberg News reported on Wednesday citing people with knowledge of the matter.

At the height of the COVID-19 pandemic last spring, the heads of large U.S. banks including Morgan Stanley <MS.N>, Bank of America Corp <BAC.N> and others had pledged not to cut any jobs in 2020.

However, as executives prepare for an extended recession and loan losses that come with it, layoffs are back on the table.

Goldman Sachs Group Inc <GS.N> said last month it plans to move forward with “a modest number of layoffs”.

(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Shailesh Kuber)

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