A side business, commonly referred to as a "side hustle," involves running a business alongside a full-time occupation, offering a means to earn extra money, experiment with business ideas, or simply engage in a hobby one is passionate about.

  • Freelancing

  • E-commerce

  • Peer-to-peer services

Advantages of Running a Side Business

  • Ensures financial security through a diversified income.

  • Encourages the development of new skills.

  • Fosters a sense of personal achievement.

Potential Challenges You May Face

  • Managing your time effectively

  • Adhering to legal requirements

  • Initial financial outlay

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Tips for Success

To thrive in a side business, it's essential to plan thoroughly, understand the market, and utilise digital marketing – emphasising the importance of truly understanding what a side business entails.

Situations may differ in reality, and legal requirements change across locations, including the United Kingdom.