Side Jobs Are Becoming Small Businesses

That’s the finding of a bi-annual report by DigitalOcean. What used to be just a side hustle is now considered by owners to be a small business. In fact, more than half (56%) describe their activity as a business while only 19% say it’s a side hustle and 10% call it a hobby. The most common reasons for starting a business are professional independence and pursuing a passion. However, 21% say recent layoffs have impacted their thinking about scaling a business. #IdeaoftheDay