10 Pros & Cons of Side Businesses - Queer Money Ep. 205

We know that it’s a good idea to have multiple streams of income. And starting your own business is an obvious way to bring in additional revenue and enjoy a little extra security—especially in uncertain times. But there are real challenges associated with managing a side hustle. So, how do you know if entrepreneurship is the right move for you?

On this episode of Queer Money, we’re addressing Justin’s question around the pros and cons of starting your own side business. We share the results of the Queer Money Facebook poll on the topic, discussing how many in our community already run a side hustle and what percentage of them are ‘making bank’ with this additional income stream.

We weigh in on the pros and cons of starting your own side business, getting real about the loss of free time, the financial investment and the emotional roller coaster associated with running a business in addition to your 9-to-5. Listen in for insight into the advantages of starting a side hustle, including the tax benefits, personal freedom, and uncapped income potential available to entrepreneurs who manage to turn their passion into a successful business.

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