“Rishte me to hum tumhare… baap lagte hai,” ‘mein aaj bhi feke hue paise nahi uthata,” ‘Hum jahan khade hote hai… line wahi se shuru hoti hai”
I am damn sure these dialogues are still echoing in your ears if you have ever seen Amitabh Bachhan’s movie.
For people who were born in the 60s and 70s and love movies, Amitabh Bachchan is not just a hero; many consider him a God. He brought two special concepts to the Bollywood “Angry Young Man” and an “All in One” personality.
In the “Angry Young Man” concept, he stood by and spoke up for the struggles of the youth who felt crushed and taken advantage of. This made his roles relatable to many young folks, and that’s one big reason why his movies became super-duper popular.
Another concept he introduced was “All in one,” which means he’d handle almost everything in a film by doing multiple roles to make the film a grand success.
Amitabh’s not just a hero—he’s also a comedian, a singer, and even a choreographer who creates his dance moves. When his movies were in trend, a whole bunch of established comedians started losing roles and appearing useless because Amitabh did such a great comedy that even the well-known comedians of that time looked like extras or didn’t quite fit in his movies.
His dance moves were the simplest because he was inspired by, you know, “Bhagwandada.”
Bhagwandada was a Bollywood superstar once upon a time in 1951. He made the movie “Albela” and gave some of the blockbuster hit songs like “Bholi Surat Dilke Khote,” “Shola Jo Bhadke,” and “O Betaji.” These songs are still fresh and popular today. He also created a dance style that Amitabh directly copied, and even many heroes today imitate that dance style.
Curious about how Bhagwandada’s amazing career came to an end?
In the past, during his golden period, people had to ignore his behavior, like showing up late on the set or canceling shoots at the last moment. When he was a superstar, extras would rush to serve him tea, coffee, and cigarettes on set as soon as he appeared.
However, towards the end of his career, he had to work as an extra in films with the same directors he once worked as a hero. He even had to beg for roles to make a living!!
Goddess Lakshmi, who is believed to bring wealth, and once used to reside in every corner of his house, left Bhagwandada long ago. He passed away in a dark room in Dadar Chawl, Mumbai.
Do you wonder why this happened?
How did someone who once had a big 25-room sea-facing bungalow in Juhu Beach and a collection of 7 premium cars, one for each day, end up in such a pathetic situation?
Because he relied on a single source of income from films. He did not think of any other parallel business and this is where Amitabh differs from him in a big way.
Even though Amitabh made himself known as an angry young man, which usually means being emotionally influenced but lacking intelligence, he handled his money smartly without getting too emotional.
Unlike Bhagwandada, he kept up with his other businesses and that’s why even now, at the age of 80+, he’s still active and earning from more than one source.
Some careers, like in movies and sports, are very unpredictable, and much like Chinese products, how long they last is always a question.
You never know when your fans might lose interest in you or when an unknown newcomer might replace you, and suddenly you’re not preferred anymore, and overnight you are a zero from a hero.
That’s why it’s a smart strategy to start earning money from parallel business when you’re doing well in your career.
Is Salman, Deepika, Alia, Akshay, Sunil Shetty, or Twinkle Khanna worried about losing their fame and stardom? Well, they might not be scared, but they can’t rule out the possibility of any unpleasant surprise because they’ve seen many celebrities, like Parveen Babi, Guru Dutt, Rajkiran, Vimmi, A.K. Hangal, and Meena Kumari, who passed away in obscurity because of lack of money. Meena Kumari didn’t even have money to pay her hospital bills.
Due to their short and unpredictable careers, the film stars mentioned above are now putting their money into start-ups and even purchasing cricket teams in the IPL. They’re also creating brands for things like perfumes, candles, clothes, and furniture. By doing this, they are securing their future or have already secured it.
The same thought of unpredictable careers stands right for every entrepreneur, businessman, and service-class person as well. If you rely on just one business or your job is your only way of earning money, one day things might change unexpectedly, and you could lose your job or your business might fail.
But if you have other ways of making money in such situations, the chance that “losing one source of income means the end of your career” is much lower.
This extra way of earning money is commonly known as a “Side Hustle” in other countries. But is there a difference between a Side Hustle and a Side Business? People often wonder if saving money in shares or mutual funds along with a job is considered a side hustle or something else.
To grasp Side Hustle better, let’s look at some key features:
- It’s not part-time; it’s like having another full-time business running alongside your main one.
Now, you might be thinking, “How can I focus on two things at once without messing up one of them?” Well, don’t worry; if you plan it well, you won’t mess up your main thing. But if you try it without a plan, it might surely mess things up. Better to hire a business coach for a side hustle.
- You don’t need to put in as much money as the main business. Many Side Hustles don’t cost anything at all.
You might wonder, “Can a business happen without investing anything?” Well, there is some investment, but it’s not a lot of money; other things matter more. If you want to learn more about Side Hustles, a business coach or expert can explain it well.
- It doesn’t require as much time as your main business. You can manage it by dedicating around 30% of your time initially and then putting it on auto mode.
You might be skeptical, thinking, “How can a business work without spending time on it? Isn’t it said that a business needs constant attention for 1000 days at least?” Well, that saying is true, but it was coined at a time when technology wasn’t as advanced. Nowadays, many tools make it easier to manage a business in less time.
- At the initial stage, the earnings are around 13 to 21% of the main business. After a while, it starts making the same amount as the main business.
Once a Side Hustle is successful, some people start other Side Hustles right away, or they expand more in the same Side Hustle.
- You can start this side hustle based on what resources you already have or the skills you already possess.
If your current business already has the resources, should you take them from there and use them somewhere else?
No, not necessarily. You can begin a new Side Hustle using the resources you already have, just by allocating them properly.
- Even individuals who have never done any business before or homemakers can start this side hustle.
Oh!! Now it sounds fishy like MLM, direct marketing, or other schemes where you have to bring in more people to earn money, right?
No, not at all. Those are different and often Ponzi. In this, what can be considered a proper business is doing it as a full-time venture.
You may be wondering then why call it a Side Hustle?
Well, it is a name given by the British, so we cannot do anything about it, but this is not a side or part-time business at all, because it has to be started with proper planning and this is a serious business.
Whether you’re a factory owner, in the job, trader, coaching class owner, have a showroom, in the service industry, or any sort of business, you can start your side hustle with proper planning and guidance.
BizTea is soon going to organize a full-day workshop in Ahmedabad on how to think, decide, and plan your new side hustle using minimal current resources which can give at least 30% of your current business’s revenue in the first year itself.
For more details, you can reach out via WhatsApp at 9265031591.