Start Your Business

Angela went from being a teacher to starting a business with her friend. Now they are co-owners of Art Hive Magazine. Learn more about this side hustle turned small business.

Like many entrepreneurs, Claire Zovko didn’t always know that she wanted to be a business owner until she found the right calling.

The most challenging part about having a side hustle can be knowing when you’ve established yourself enough to quit your day job. That tipping point is different for everybody, and it’s a rare person who makes the decision without a lot of worrying and wondering.

The most common reason for people turning their side hustle into a small business isn’t extra cash. It’s passion. The passion to help others, to create something that’s uniquely yours, to be your own boss.

The 2019 Hiscox Side Hustle to Small Business™ Study found that, on average, entrepreneurs work their side hustle for 19 months before they are ready to make the leap and turn it into their full-time job. During that time, the average entrepreneur worked 20 hours a week in addition to their full-time job. In most cases, they worked on the weekends and at night, juggling their responsibilities for work, family and their side hustle business.

No business is without risk, but here are some guidelines to help you avoid mistakes and ensure that your efforts pay off.