Why you should consider a side hustle

 

WORLD: Steve Jobs worked at Atari, while Steve Wozniak was an engineer at HP in 1976. During their free time, they worked on building a computer in a garage called Apple I. Apple has revolutionized the tech industry by developing media player software, which became iTunes, an mp3 player, the iPod, and a cellular device, the iPhone.

While Harvard’s freshman in 2003, Mark Zuckerberg developed Facemash, which allowed students to judge others based on attractiveness. Although the site was pulled down in two days, it inspired him, together with his friends, to create a social networking site, Facebook, in 2004. Over 2 billion people are using the platform across the world.

Instagram co-founder Kelvin Systrom was working in 2009, but he taught himself how to code in his liberated time. Eventually, he was able to build Burbn, a mobile check-in app. He hired Mike Krieger, who enabled him to develop and launch Instagram. The platform has more than 1 billion users globally now.

Kevin Plank, a football player at the University of Maryland in the 90s, was vexed by how cotton shirts stuck to his body when he sweated. He started a side project to develop shirts that would not soak up the sweat. The side hustle turned to Armour, among the leading sportswear companies.

Mike Kittredge, at the age of 16, used crayons to make a candle to gift his mother. It attracted the neighbor's attention, who asked him to create one at a fee. This motivated Kittredge, who turned candle-making into a side hustle operating outside his parents' garage. Today, Yankee Candle has 500 stores with over 19,000 retailers selling Yankee Candle products, according to Boston.com. 

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These are just a fraction of the flourishing companies worldwide that began as side hustles.

Covid-19 taught us a crucial lesson about being in formal employment. Many people lost their jobs, and those lucky received pay cuts.

It is time that people became more innovative and found the real importance of being an entrepreneur.

Now, the high cost of living is another lesson. People are on the run to find extra coins.

It is important to understand that quitting your daily job is not necessary to start a business.

Economists say starting a side business is one of the smartest financial moves. With the economy shaky, no one can have too much income diversity.

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Although a side hustle is a crucial source of extra income to pay bills, save money, and invest, it can become a huge enterprise that would employ more people.