Monthly Archives: December 2020

Monthly Archives: December 2020

Starting a business alongside your job

Self-employment is very attractive for many employees: finally do what you like, don’t have to take instructions, be your own boss. If, on the other hand, you work as a sidepreneur, you don’t have to worry about being left on the road if you fail. You simply pursue your previous professional activity and become self-employed part-time.

Definition: what is a sidepreneur?

The word sidepreneur comes from the English of side and entrepreneur, originally from the French.

Nonetheless, it is an Anglicism, because in the Anglo-American language area people speak of side hustler, the activity is analogous to a side hustle.

A sidepreneur has the advantage of a secure income as an employee and, on the other hand, tries his hand at entrepreneurship in a professional field.

Benefits of sidepreneur

  • You deal with the mechanism that best suits you and that increases satisfaction.
  • Your main job bears all the essential expenses such as living expenses and rent. You have little business risk and even if you fail you can try again.
  • You can organize your time freely and set chores at certain times. If your business makes money, you can do your main job as part-time.
  • You implement your ideas, you can try things out and see how they develop.
  • You will gain new knowledge that you may be able to apply well in your main job.
  • You protect yourself twice in the event that you risk losing your main job.

Disadvantages of sidepreneur

  • Your free time is dominated by sidepreneurship and everything related to it. This applies equally to the evening and the weekend.
  • You will have to stay away from your social contacts. As a result, relationships and friendships suffer.

Challenges in a sidepreneurship

Sidepreneurs have turned their hobby into a profession. In their free time, they pursue their favorite pastime, voluntarily read the latest books and reviews such as Baby stroller reviews, and continue their education. Until the whole thing starts to grow. In addition, this is one of the central differences between normal self-employment and sidepreneurship.

In numerous cases, a sidepreneur is also a solo entrepreneur; he is self-employed, responsible for all tasks and has no employees.

With increasing success, he can become a self-employed person who hires employees at some point and outsources several areas of responsibility.

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