Pitfall 1: The Shiny Object Syndrome
Solution: Focus on one stream until it generates $1,000/monthPitfall 2: Underestimating Time Investment
Solution: Budget 10-15 hours/week for first 6 monthsPitfall 3: Competing with Your Employer
Solution: Check employment agreement; focus on complementary areasPitfall 4: Ignoring Taxes
Solution: Set aside 30% for taxes; consider LLCPitfall 5: Building Without Audience
Solution: Build audience before product