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You are here: Home / Blog / Passion to Profit: Why Seek a Side Hustle in Singapore?

Passion to Profit: Why Seek a Side Hustle in Singapore?

October 6, 2022 IN Blog

Passion to Profit: Why Seek a Side Hustle in Singapore?

In this article

  1. Companies Are More Open to the Idea
  2. Flexible Schedules Are Encouraging This Trend
  3. Why Do People Want a Side Hustle in Singapore?
    1. Easy to Start
    2. Allows You to Pursue Your Passion Safely
    3. Financial Security
    4. Build Your Portfolio
    5. Gives You a Sense of Fulfilment
    6. A Therapeutic Break From Work
  4. What Are Some Side Hustle Ideas?

Ever considered taking up a side job after working hours that truly echoes the age-old Confucian proverb, ‘Do what you love, and you’ll never have to work a day in your life’?

A side hustle is not just great for people doing it, but for the local economy as well. 

One individual can take on multiple responsibilities in possibly different sectors, filling up the manpower gaps needed and bolstering productivity. 

It may even drive economic progress, if viewed from the lens of looking beyond GDP and headcount – but rather, employee wellbeing and satisfaction.

What else is fuelling employees’ preferences to start a side hustle in Singapore? Read on to find out!

Start Side Hustle

Companies Are More Open to the Idea

While some employment contracts may specify to restrict an employee’s ability to take on side jobs, or moonlighting, companies today are taking a more open stance.

They may feel that if the side hustle does not have a clash of interest or coincide with the job, or affect an employee’s performance, they can go ahead with it.

That’s why it’s no longer surprising to see employment contracts that do not specifically indicate this clause.

Allowing employees to engage in a side job may also act as a benefit for them, resulting in greater happiness and satisfaction.

Related Read: 4 Tips to Improve Your Business Reputation »


Flexible Schedules Are Encouraging This Trend

The pandemic paved the way for working at home and flexible work schedules to become the norm. It means that employees now have greater time and flexibility to take up a side job without worrying about their full-time roles.


Why Do People Want a Side Hustle in Singapore?

Why are people taking up side hustles?

It might not always be because of the money, but for other reasons, such as pursuing a hobby, an interest, or more. Let’s look at some of these potential motivations:

Easy to Start

It doesn’t take plenty of administrative work or red tape to get your side hustle going in Singapore. There is a relatively low barrier to entry, especially with the popularity of social media.

With the ease of setting up a business in Singapore, it’s even simpler to register your side hustle and start selling your products or services.

Related Read: 9 Expert Tips to Build a Successful Business in Singapore »

Allows You to Pursue Your Passion Safely

For some of us, our day jobs may not be what we feel the most excited about. A side hustle can be a way for us to pursue our passion and personal interests without sacrificing our main rice bowl.

Doing what you truly like makes it less stressful when you don’t have to worry about paying off your bills every month, particularly if you have dependents.

Financial Security

Wouldn’t you be attracted by the idea of doing what you like and earning good money for it? A side hustle gives you monetary incentives that can help to supplement your day job’s earnings.

With record-high inflation levels and the possibility of a recession, the added income is a welcomed move even if you aren’t already feeling the pinch.

You may also feel a greater sense of financial security and the flexibility to do more with the money you receive, like putting it into a retirement fund or paying off your bills.

Build Your Portfolio

Working a part-time side job is great for building your portfolio without having to commit to a full-time role. You can gain experience and find out more about the ups and downs of the job.

And if you’re thinking of switching careers in the future and making your side hustle your full-time job, you can use your experience for a competitive edge.

Gives You a Sense of Fulfilment

If your day job doesn’t make you feel like you’re making a difference or a big contribution, your side hustle could give you a sense of fulfilment and accomplishment.

Some individuals also thrive when they take on multiple jobs, fuelling their motivation to keep their work going. 

A Therapeutic Break From Work

When you take up a side hustle that you enjoy, it might not feel like a job to you, but rather a leisurely activity and a break from mundane working life.

You can even see it as an opportunity to work with your friends, or to catch up with them.

Related Read: How to Form a Singapore Private Limited Company »


The Challenge of Managing Different Responsibilities

Of course, it’s not always easy to juggle multiple job commitments. When you take up a side hustle, you need to manage your added responsibilities and the time needed properly.

Allocate your time wisely so that you don’t feel the burnout or stress from doing what you enjoy.


What Are Some Side Hustle Ideas?

There are various types of side hustles you can engage in in Singapore with ease. Here are some possible side hustle ideas for you:

  1. Freelance writer
  2. Freelance programmer
  3. Home-based F&B business
  4. Freelance fitness instructor
  5. E-commerce business
  6. Freelance tutor

Related Read: 63 Side Businesses to Make an Extra $500 a Month »

Start Your Side Hustle in Singapore With Singapore Company Incorporation

Ready to start your side hustle in Singapore? Learn how you can start your business with ease at Singapore Company Incorporation! Our business setup experts help you to get your business up and running in no time.

FAQs

What is a side hustle?

A side hustle is a way to make money on the side, outside of your regular job. It can be something you do on the weekends, or it can be something you do in your spare time.

What are some ideas for a side hustle?

You can consider these potential side hustle ideas:

  • Your own handicraft store
  • Online tutoring
  • A home-based F&B business
  • Online marketing

What are some benefits of a side hustle?

Some advantages of a side hustle are:

  • Being able to pursue an interest stress-free
  • Additional income generated
  • Acts as an employee benefit for companies
  • Helps to drive economic growth

Start your side hustle today!

Our incorporation experts help you get your side business functional quickly. Get started now!

Start Side Hustle

Suggested Readings

55 Business Ideas to Get You Started as an Entrepreneur 63 Side Businesses to Make an Extra $500 a Month63 Side Businesses to Make an Extra $500 a Month 42 tips that will help you boost your blog traffic42 Tips that Will Help You Boost Your Blog Traffic 46 Criteria Needed to Build a Successful Business46 Criteria Needed to Build a Successful Business
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