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SMALL BUSINESS QUIZ

Quiz: Can I make my side hustle a full-time business?

Are you thinking of taking your side hustle to the next level? Complete this short quiz to assess your side hustle's potential for full-time success.

Please note that this quiz is for informational purposes only and does not constitute legal or financial advice.

Welcome to our quiz designed to help you determine whether your side hustle has the potential to become your full-time business endeavour. But first, let's delve into what exactly a side hustle is. A side hustle is a supplementary income-generating activity that people operate alongside their primary full-time job. It's typically a craft or opportunity someone is passionate about, and side hustles allow individuals to explore their interests, develop skills, and increase their income beyond traditional employment.

Most people start a side hustle to pursue a passion or hobby, seek financial freedom, grow their income, or they enjoy being their own boss. Side hustles can also serve as a creative outlet or a pathway to transition into a new career or industry.

Deciding when to turn your side hustle into a full-time business is a huge decision. Several factors come into play, including the stability of your side hustle income, scalability of your business model, market demand for your product or service, personal readiness to commit full-time, and financial preparedness to support yourself without a steady paycheck.

This quiz aims to assist you in evaluating these critical factors to determine whether you're ready to make your side hustle your main hustle. Remember, the journey from side hustle to full-time business requires careful planning and dedication, so are you prepared to take a giant leap of faith?

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Thriday acknowledges the Traditional Owners of Country throughout Australia and recognises their connection to land, water and community. We pay our respects to them and their cultures, and to Elders past, present and emerging.

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Team Thrive Pty Ltd ABN 15 637 676 496 (Thriday) is an authorised representative (No.1297601) of Regional Australia Bank ABN 21 087 650 360  AFSL 241167. Thriday is not an authorised deposit taking institution as defined under the Banking Act 1959 or a registered tax agent, a registered Business Activity Statement agent or a registered tax (financial) adviser as defined under the Tax Agent Services Act 2009. Any advice provided on the Thriday platform (including this website and the iOS and Android applications) is only of a general nature and does not take into account your personal needs, objectives and financial circumstances. You should consider whether it is appropriate for your situation. Copyright © Team Thrive Pty Ltd ABN 15 637 676 496. All rights reserved.