Pros and Cons

Think differently – Being different, taking risky, move for success in life -The graphic of light bulb also represents the concept of courage, enterprise, confidence, belief, fearless, daring.

Current studies show that entrepreneurship among individuals over fifty are at an all-time high.  An article in Small Business Trends published March 18, 2019 by Matt Mansfield states the percent of new businesses started by individuals over fifty comprise 57% of allstartups.

Here are some of the reasons you may want to consider a sideline business:

  • Need for additional income to create economic well-being
  • Creates a sense of purpose
  • Increases social interaction and integration
  • Increases physical well being
  • Desire to follow a passion

Like any undertaking, there are advantages and disadvantages to a sideline business.  A recent article examines the pros and cons.  Here is a list of sideline businesses featured in an Entrepreneur.com article to use as an idea resource.