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  • Writer's pictureThe Self-Made Entrepreneur

Why Starting a Side Hustle is a Good Idea in 2023 and How To Get Started

Look around. What do you see? The world’s changed. The pandemic was a wake-up call; the job market's a jungle now. If you're counting on just your 9-to-5 for security, it’s time to rethink. Why not get ahead of the curve and start a side hustle? This isn't just about making extra bucks; it's about building a fuller, richer life. Here are 10 reasons why having a side hustle in 2023 is not just smart—it's essential.


Neon Sign that states Start Your Side Hustle

10 Reasons To Start A Side Hustle in 2023


1. Financial Security

Let’s start with the obvious. Money isn't everything, but let's not kid ourselves—it matters. Your 9-to-5 may be stable today, but what about tomorrow? A side hustle is your backup plan, your financial airbag.


2. Diversify Your Income Streams

You wouldn't invest all your savings in one stock, would you? So why do that with your income? Diversification isn’t just for your stock portfolio. A side hustle can create another channel of income, one you control.


3. Explore Your Passions

Remember that hobby you were so passionate about? The one that got buried under work, bills, and life? A side hustle allows you to revisit that. It’s like dating your passion without the commitment of a full-time marriage.


4. Skill Development

You become the sum of your experiences. A side hustle is like a personal development course you get paid for. You'll pick up skills that can make you more valuable not just in your hustle but also in your day job.


5. Test the Entrepreneurial Waters

Starting a full-blown business is scary and risky. But a side hustle? It’s like the shallow end of the entrepreneurial pool. Low risk, with enough depth to dive in if you want to swim with the big fish later.


6. Networking Opportunities

A side hustle throws open doors you didn’t even know existed. You meet new people, build new relationships. Each interaction is a thread, weaving into a net that can catch you some big opportunities.


7. Flexibility

Nobody’s asking you to clock in or out. You’re the boss. Work when you want, however you want. Perfect for when you have to juggle work, family, and the dozens of other things vying for your time.


8. Personal Growth

Launching a side hustle is like embarking on a personal quest. The challenges, the victories—they all add layers to who you are. It's a booster shot of self-confidence that will spill over into other aspects of your life.


9. Tax Benefits

You don't have to be an accountant to know that side hustle comes with some tax perks. Deductions for business expenses? Yes, please. But don't take our word for it; consult a tax pro to tailor advice to your situation.


10. It’s Easier Than Ever

2023 is not 1999. You don't need a storefront or even a physical product. All you need is a computer and some free time. Technology has democratized the hustle, leveling the playing field for everyone.


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If you're reading this, you're already interested. Good. Your future self will thank you. A side hustle isn't just an extra paycheck. It's your playground and safety net all rolled into one. In the volatile world of 2023, it’s not just an option; it’s a necessity.


Now, let's not simply leave you with warm and fuzzy feelings about a side hustle. Ideas don't become side hustles without execution.


[Take Your Next Action]


Getting started on your side hustle doesn’t have to feel like climbing Everest. In fact, you can begin right now with these easy steps that will take less than 30 minutes:


1. Jot Down Ideas

Take out your phone or a piece of paper. Write down some things you're good at or enjoy doing. No overthinking—just jot them down.


2. Quick Google Search

Type your ideas into Google. Spend a few minutes finding out if people are actually making money doing these things. You'll likely find that they are, and that can be super motivating.


3. Figure It Out

What do you need to go from your idea to your first sale? If you’re drawing a blank, don’t stress. Move on to the next step.


4. What Do You Need to Learn?

Be brutally honest. Is there something you need to know to make this work? If yes, find out how you can learn it. YouTube tutorials? Online courses? Friends in the know? Identify your gaps, write them down, and brainstorm how you can fill them.


5. Make a Simple Commitment

Decide on a manageable schedule. Maybe it’s 30 minutes a day or perhaps just an hour a week. The point is, it needs to be consistent.


It's important that you have this all down in writing. Don't overthink it, just write down what comes to mind. It's a start, it's not meant for perfection.


Last but not least, if you can hold yourself accountable, awesome. If you’re the type to let yourself off the hook, then share your goals with someone who’ll keep you in line.


See how straightforward that is? You’re basically laying down the first bricks of your side hustle empire. Now, keep going forward. You've got this.

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