The side hustle...

Discussion in 'Starting & Running a Business' started by hammer, 19th Sep, 2018.

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  1. SideHustler

    SideHustler New Member

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    Thanks for all the info ... quite inspired by the thread!

    Up until now I have only done moonlighting (2nd job) doing the same thing as the IT day job. Now looking into something of hobby/business hustle.
     
    SideHustler, 16th Jan, 2020
    #21
  2. The Y-man

    The Y-man Moderator Staff Member

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    A second job can do wonders for your serviceability. :)

    The Y-man
     
    The Y-man, 16th Jan, 2020
    #22
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  3. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    An ideal scenario is where you side thing is a piece of passion and becomes your plan A in the end

    ta

    rolf
     
    Rolf Latham, 17th Jan, 2020
    #23
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  4. SideHustler

    SideHustler New Member

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    Agree 100% ... banks loves us!
     
    SideHustler, 17th Jan, 2020
    #24
  5. SideHustler

    SideHustler New Member

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    Wife is a yoga & well-being teacher (has certificate) - which is hobby she does for charity on a donation basis on weekends. I have tried to convince her to do as side hustle but not interested - due all the headaches like insurance, accounting etc.

    I am looking into Management rights kind of business and trying to learn how much work is involved and if can run partially managed etc. If there is flexibility then I could try that as a side business. Has anyone done this?
     
    SideHustler, 17th Jan, 2020
    #25
  6. Perthguy

    Perthguy Well-Known Member

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    My partner was running a dwindling business but getting a bit sick of it after 30 years. They have turned a bit of a dud rental into an Airbnb that is doing very good numbers after 8 months. Second property should launch next month and fully quit the old business before winter.
     
    Perthguy, 18th Jan, 2020
    #26
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  7. VanillaSlice

    VanillaSlice Well-Known Member

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    is this in Perth ?
     
    VanillaSlice, 19th Jan, 2020
    #27
  8. Perthguy

    Perthguy Well-Known Member

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    Yes
     
    Perthguy, 20th Jan, 2020
    #28
  9. New Town

    New Town Well-Known Member

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    .... MVP (Minimum Viable Product) ?!

    When they called me that at work I thought it was Most Valuable Player :(
     
    New Town, 30th Jan, 2020
    #29
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  10. Tony3008

    Tony3008 Well-Known Member

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    My one-person software business started 31 years ago as a little sideline to my home extension plan drawing business. At the time my bank manager asked me how much I expected it to make, to which I replied £2-3,000 a year (I was in the UK then). As another post above, things took off. I went through a very ragged time when I was trying to split my time between the two activities, then bit the bullet and gave up plan drawing. Since beginning the sales total is in seven digits, something I never could have anticipated.

    Why my (modest) success? Two things: Firstly I'm not brilliant at anything but am ok at most things that go with my business, and, secondly, I'm fortunate to be selling niche products that can command a relatively high price. Contrast with mass-market software where your competition may be free.
     
    Tony3008, 10th Feb, 2020
    #30
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  11. MTR

    MTR Well-Known Member

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    Back to developing property again, this year will be my first since 2016. This should bring in some more income and increase capital
    I wont go hard it will be one project every 12-18 months
     
    MTR, 10th Feb, 2020
    #31
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  12. hammer

    hammer Well-Known Member

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    Inspirational stuff! I hope that I might be able to do something like that in the future.
     
    hammer, 10th Feb, 2020
    #32
  13. Lacrim

    Lacrim Well-Known Member

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    Lacrim, 29th Oct, 2020
    #33
  14. MTR

    MTR Well-Known Member

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    MTR, 29th Oct, 2020
    #34
  15. Lacrim

    Lacrim Well-Known Member

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    Lacrim, 29th Oct, 2020
    #35
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  16. MTR

    MTR Well-Known Member

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    Good idea, let me know how you go:)

    On a serious not, the siblings died during the court case...... like winning lotto
     
    MTR, 29th Oct, 2020
    #36
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  17. Lacrim

    Lacrim Well-Known Member

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    But did they die of natural causes ;). I mean the lawyer died too lol. Talk about ducks being lined up.
     
    Lacrim, 29th Oct, 2020
    #37
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  18. MTR

    MTR Well-Known Member

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    Anti freeze works well :p
     
    MTR, 29th Oct, 2020
    #38
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  19. Never giveup

    Never giveup Well-Known Member

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    Great thread guys, I just found as I want side hustle too but my full time employer doesn't allow secondary employment and have to get approvals etc :(
     
    Never giveup, 29th May, 2021
    #39
  20. Redwing

    Redwing Well-Known Member

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    Dud rental, but in a great location for short-term stays i.e AirBnB?

    Or doing well now due to tight demand?
     
    Redwing, 29th May, 2021
    #40
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