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Barbara Weltman

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Side Jobs Are Becoming Small Businesses

May 10, 2023 / By Barbara Weltman

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

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Small business ideas, business tax news and small business consulting from Barbara Weltman to provide business owners with the information they need to succeed. Visit our small business blog, Idea of The Day®, small business books and articles on small business taxes, small business finance and small business legal advice.

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