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5 Benefits of Starting a Small Side Business

5 Benefits of Starting a Small Side Business

Entrepreneurship: a word I simultaneously adore and despise. As someone with aspirations to one day start a successful company, the idea of growing a fledgling business into a powerful corporation is exciting. Others would shun my dream scenario in favor of a stable job that puts food on the table. Neither path beats out the other. It all depends on what someone wants in life.

So, why are so many online entrepreneurs yelling from the rooftops about how it’s stupid to stay in a job and that everyone should quit the 9-to-5 and dive into a business full time? That’s not only an overgeneralization, it’s a limiting mindset. Entrepreneurship is not just for the likes of Elon Musk, Mark Zuckerberg, or Reid Hoffman. You can easily flex your entrepreneurial muscle while working full time with a small side business. In fact, I recommend that you try it at least once. Not only will it be a rewarding experience, but there are many benefits that will help you in your career, or even open up a new one.

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1. Tax Advantages

You can write off many purchases as business expenses, including home office space, office supplies, furniture — even business miles driven. If you detest handing your hard-earned cash over to Uncle Sam (I’ve yet to meet anyone who doesn’t!), you should be running to get your LLC.

2. Side Revenue Stream

The average “non-employer” (one-person) business has revenues of more than $40,000 a year. Even if only $10,000 was profit, that would mean more than $300 a month in your pocket. And remember, $10,000 is the average, not the limit. Nothing is stopping your business from bringing home far more. What would you do with an extra $300, $600, even $1000 a month (that’s Chipotle every day for me!)?

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3. More Control

The average millionaire has seven revenue streams. If one disappears, that millionaire has six others to bank on. A side business gives you an additional source of income that not only puts more money in your pocket, it gives you more control over your life. The second revenue stream means that your job no longer owns you. You can decide to quit your job and scale your company. You won’t be (too) upset when your boss doesn’t give you that raise. You won’t complain when your lazy coworker gets the promotion over you. Why? Because your job isn’t your everything. At home, you’re nurturing a business that’s earning you hundreds, even thousands, a month.

4. Experience to Add to your Resume

If your side business is successful, you can add the experience of running it to your resume. That can easily distinguish you from other candidates who just have MBAs or standard managerial experience. Personally, I’d rather hire a high school dropout with real business experience and success over a Harvard MBA with nothing.

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5. Increased Happiness

When it comes to happiness, 77% of business owners are happier than the average worker, while 52% of American workers are unhappy with their jobs. You may be of the 48% in love with their work, so enjoy the benefits of being an employee and a business owner. If you hate your job, the side biz is an opportunity to escape the daily grind and maybe even replace it. Take the chance — you have nothing to lose.

You don’t need to launch some super-sophisticated tech startup to become an entrepreneur. Running a company alongside your full-time job is not only viable, but advantageous. I’ve already listed out the benefits. Now, you need to take the next steps. So launch the blog, open that eCommerce store, make a freelance business with your skills — just start your own side business and enjoy the control and freedom it brings.

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Last Updated on May 23, 2021

10 Best Free Job Apps You Need For Effective Job Hunting

10 Best Free Job Apps You Need For Effective Job Hunting

Seeking for the right job but not sure how to do it in a more effective way?

Try job search apps!

To make the job hunting process easier, I’m recommending 10 best job apps that can help you look for the right match anywhere at any time. The best of all? They’re all free!

1. jobandtalent

jobandtalent

    Great for browsing new jobs as you commute home via subway, bus or carpool, the jobandtalent app is like a Pinterest for job seekers.

    Easily browse, save and revisit job postings from your smartphone and receive notifications about jobs that match your professional qualifications.

    Download it for iOS and Android.

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    2. Jobr

    jobr

      This job hunting app is unique in that it lets you anonymously browse job listings based on your professional resume. If a company that you like also shows an interest in you, the app let’s you chat directly with a company rep. Great for getting your foot in the door and making a memorable impression.

      Download it for iOS.

      3. Monster Job Search

      monster job search

        I’m a big fan of Monster. It’s one of the first job sites employers think of when they want to list a new position online. The Monster Job Search app functions pretty similarly to the normal website, so it’s very easy to use for not-so-tech-savvy job hunters.

        Download it for iOS and Android.

        4. Jobs and Career Search

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        job and career search

          This is a good, simple app for browsing global locations for your next job. With a job index of more than 50,000 jobs listed globally, this app is a good choice if you are moving to a new area and want to line a new job up quickly.

          Download it for iOS.

          5. Hyper Networking Groups

          hyper networking groups

            This job hunting app isn’t so much a job hunting app as it is a connections hunting app. It’s great for learning who’s who in your desired field and forming connections. It also shows you how you and your industry connections are connected via your social networks, so you can follow up with them on your other social sites.

            Download it for iOS.

            6. CardDrop

            CardDrop

              CardDrop is an awesome job hunting app that let’s you digitally drop and pick up virtual business cards. This app is great for helping you make new connections at seminars, interviews, meetings and conferences. You can also attach social media profiles to the cards you pick up or send to enable easier connecting on social networks.

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              Download it for Android and iOS.

              7. Job Interview Questions

              interview questions both

                Okay, so this app looks kind of outdated, but it’s super useful for getting you into the swing of answering any kind of interview question that is thrown your way. The big benefit of using this app is that it explains to you what your interviewers motivations might be for asking you a specific kind of question. Learn what your interviewer is looking for in your answers and be more prepared for the real interview when the time comes.

                Download it for Android.

                8. 101 Interview Questions and Answers

                101 both

                  This app is great because it provides guidance about the kinds of answers you should give for each kind of question. Think of it as an essay rubric but for job interview questions.

                  Download it for Android.

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                  9. Job Interview Question-Answer

                  q and a

                    Feeling confident with your text-answered interview questions but concerned about doing the face-to-face interview? This app prepares you for interacting with your interviewer by simulating an employer asking you questions.

                    You can record your response and see what you look like to the interviewer to understand what movements, vocal pauses, etc. you need to work on.

                    Download this app for iOS and Android.

                    10. HireVue

                    hirevue

                      HireVue is a great job hunting app for those times when your interviewer wants to get some preliminary questions out of the way.

                      When an interested employer wants to interview you, they send you a request via HireVue and you can answer it in your free time, when you’re ready. Your interview might consist of a some FaceTime, some multiple choice questions or open-ended text answers and can be completed and sent to the interviewer when you’re finish.

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                      Download it for Android and iOS.

                      Featured photo credit: Yura Fresh via unsplash.com

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