For many people, “side hustle” has become synonymous with entrepreneurship. And while there’s nothing wrong with chasing your dreams, there’s a dark side to the side hustle that you need to be aware of. This article will explore the dangers of the side hustle and why you should be careful before taking the plunge.
The allure of the side hustle is strong. Who doesn’t want to be their own boss? Make their own hours? Work from home in their PJs? The appeal is obvious. But many people need to realize that the side hustle comes with its own set of unique dangers. Here are just a few of the risks you need to be aware of before starting your own side hustle:
1. The Side Hustle Can Be Isolating
When you’re used to working in an office environment, taking the social interaction that comes with a traditional job for granted can be easy. But when you’re working from home as a freelancer or solopreneur, that social interaction disappears. And over time, that isolation can take a toll on your mental health. If you’re not careful, your side hustle can turn into a hermit lifestyle where you never see another person outside your immediate family.
Recommendation: Why You Should Have a Side Hustle
2. The Side Hustle Can Be Stressful
Let’s face it: running your own business is stressful. There’s always something that needs to be done, whether finding new clients, doing the actual work, or dealing with administrative tasks like billing and invoicing. And if you’re not careful, that stress can bleed into other areas of your life, impacting your relationships, health, and overall well-being.
3. The Side Hustle Can Be Unpredictable
Another downside to working for yourself is that your income can be unpredictable. Even if you have a steady stream of clients, your business will always have ebbs and flows. And if you’re not prepared for those lean times, they can wreak havoc on your finances—not to mention your mental state.
The bottom line is this: the side hustle is not for everyone. It takes a particular type of person to be successful as a freelancer or solopreneur. If you’re thinking about starting your side hustle, make sure you go into it with your eyes wide open and fully aware of the risks involved.