Post-pandemic, and in the face of a cost of living crisis, thousands of us are taking on new business ventures. We find out more about the side hustle journey and how to start one.
It’s never been a busier time for the UK’s side hustle economy. Whether dog walking or designing clothes, people all over the country are seeking second incomes.
Reasons for the surge are largely lifestyle-related. Working from home policies have given us more time to concentrate on our interests and side gigs. Rising inflation has also contributed, as consumers look for ways to offset more expensive energy and food bills.
Running a side hustle can be lucrative. As we reported last year, recent estimates value the market at a massive £346bn.
But there are also associated challenges to consider, such as tax implications, employer awareness, and upstart costs.
Debating whether to start your own side hustle? Below, we’ll go through the key steps involved, and get advice from experienced side hustlers on everything from balancing work commitments to accessing funds.