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Top reasons to finally start your side hustle in 2021

By rotide
Created 16/03/2021 - 15:06
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Have you always dreamed of having a side hustle? Maybe your social media feeds are brimming with old school friends and work colleagues who have their own separate source of income. If their success has influenced you to consider your own side-business, then you're not alone

We'd all appreciate an additional income, whether you want to fund your next family holiday, or your house deposit or perhaps you're trying to clear off your debts. Working a side hustle allows you to earn extra income, without having to take on a second job, yet many people feel overwhelmed at the idea of taking on another responsibility. So we've gathered the top reasons to finally start your side hustle in 2021. Read on to find out more.

There are plenty of tools to help you

For individuals who are contemplating a side hustle, it's easy to feel overwhelmed by the unknown. Responsibilities such as admin and managing your own advertising can feel stressful. One of the most overwhelming concepts for some is the idea of billing and invoicing. Thankfully, there are tools available to help you manage this process. Using invoice software from FreshBooks [1] can help simplify your invoicing responsibilities and help you keep track of your earnings.

You won't have to worry about setting time aside to work through dozens of complicated invoices, this invoice generator software does it all for you! Helping you create customisable invoices within seconds. Clients can even pay their preferred way via your digital invoice, ensuring you get paid up to 2x faster. Giving you more time to focus on your side business and less time spent worrying about the billing process.

It provides a financial safety net

Not many jobs these days are considered to be "secure", and with many of us already living on tight budgets, the idea of losing our day jobs is terrifying, to say the least. Setting up a side hustle can provide you and your family with a financial safety net. So, whether your hours are cut, or you're frantically searching for another job, your side hustle income can help bridge the gap and keep you financially afloat.

It won't cost much to start!

Unlike setting up a traditional business that often costs thousands, a side hustle has incredibly low overheads. All you need are the materials or tools required to provide your services or make your products. It's an incredibly cost-effective way to start earning a little extra each month.

You never know where it might take you

Some of the world's biggest businesses [2] started off as simple side hustles or stemmed from ideas dreamt up at the kitchen table. And while the success of businesses like Facebook, Twitter and even Spanx came from humble beginnings, it just goes to show that anything is possible!

Final thoughts...

It's never too late to start a side hustle, so, what are you waiting for?

 

 

 


Source URL:
https://www.newbusiness.co.uk/articles/accounting-advice/top-reasons-finally-start-your-side-hustle-2021