What are the two main reasons people start a side hustle?
Is Your Side Hustle Hustling You?

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Business
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9th - 10th Grade
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Hard
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To learn new skills
To gain fame and recognition
To make more income or leave their current job
To travel the world
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is market research crucial before starting a side hustle?
To find out how much money you can borrow
To understand the potential profitability and demand
To determine the best time to start
To decide on a business name
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should Tim consider when calculating his side hustle's profitability?
The time and costs involved in operations
The color of his product packaging
The number of friends he can involve
The number of competitors
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to use a separate bank account for your side hustle?
To keep personal and business finances distinct
To avoid paying taxes
To impress potential investors
To increase your credit score
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of income should be set aside for taxes in the first year of a side hustle?
30%
25%
15%
10%
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key financial indicator that suggests it's safe to transition from a side hustle to a full-time business?
Having a large social media following
Having a unique product
Earning at least half of your current job's income
Receiving positive customer reviews
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a recommended financial safety net before quitting your day job for a side hustle?
A promise of future income
Three months' worth of expenses saved
A year's worth of expenses saved
A loan from a bank
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