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The Surprising Reality of Side Hustles: They're Good for Business - Help Scout
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Side hustles are good for companies
Side hustles are good for companies. The rich perspectives derived from diversity of experience only make your team stronger.
Side hustles are more than the clickbait suggestions such as "rent out a spare room on Airbnb" or "take online surveys." It is a way to make some extra cash that gives you a hedge against feeling stuck. It can be something you create or your true passion.
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Side hustles are a luxury
A side hustle seldom makes much money, but it is more something you do because you like it. It is not the same as a "second job" as you don't feel pressure to use it to makes ends meet.
Team members that have side hustles rather than second jobs mean that the company is doing something right, whereas if it is the other way around, it might indicate some problems in your business practices.
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Side hustles are good for business
Team members should be encouraged to focus on personal growth outside of work, regardless of the form it takes.
Research shows that innovative companies are more successful when they hire entrepreneurial-minded people who have the drive to hustle on the side. Side-hustling workers tend to be passionate, which impacts their work in a positive way.
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SIMILAR ARTICLES & IDEAS:
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See Your Side Hustle as "Me Time"
When choosing your side hustle, pick something you want to do, be or achieve, and actively work toward it. Not only will you enjoy the sense of accomplishment that comes with progress...
Always Default To Action
Spend some time planning. Then spend a lot more time doing. If you're unsure, do something -- and then react appropriately.
It's easy to think and plan and evaluate yourself out of ever starting a side hustle. See starting a side business as the grand experiment it is. Never forget that the fun is in the doing -- not the thinking.
Only do What Generates Revenue
You may need to spend some time on admin and infrastructure. But you don't need fancy spreadsheets, comprehensive reports, a catchy brand or a mission statement.
Successful side-hustlers focus on selling and working. Anything else is time taken away from generating revenue.
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Mentally Prepare
Think if you are willing to sacrifice your free time to struggle to establish a side hustle and if you can handle the consequences of it.
If you are willing, develop a system of ...
Your Skills And Areas Of Interest
Acquire relevant skills, experience or industry knowledge necessary and ensure you have the passion and competence for what you are going to work on.
A good start is to monetize the skills you already have that are related to the side hustle you want to establish this. And if you lack key skills that relate to your interests or the side hustle you want to create, there's no better time than the present to learn them.
Validate Your Side Hustle
Your side hustle idea may seem awesome and disruptive to you, but your potential customers will likely ignore it like most “brilliant ideas” or even not have a need for it. So, ensure you're not creating a solution to a problem that doesn't exist, as this is one of the top causes of startup failures.
You can do that with objective feedback from potential customers and asking them to join a waiting list, pre-purchase your solution or hire you as a service provider.
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The Passion Project
Various studies show that creative hobbies increase our happiness and well-being, and they can even make our work more productive.
Spending more time on something we are passionate about, un...
The Morning Routine
Creating a morning routine is a game-changer for your passion project.
With a clear, distraction-free mind, you can work on your passion for 30 to 60 minutes in the morning, maybe just one step of work, providing you with a great start of the day.
Time Allotment Myth
While we normally would allot a day or a weekend for our passion project, we end up not moving forward in spite of the time set aside.
If we can spare a few minutes to work on our passion project, in increments, we start to build something, with consistency.