The Significance of the Side Hustle in 2018 | Business

In 2018, numerous cultural career trends emerged in society, shaping the way we work and view the working day. Through shifts in generational behaviours, different demographic groups have been pushing notions of 24 hour working days, cultivating careers out of everyday hobbies and turning the art of work into a political commentary. Therefore, as ideas of business, work and employmenthave begunn to change, the concept of a ‘side hustle’ is rapidly becoming one of the most popular adoptions of the year.

For generations Y – Z, successful work and employment is something of an achievement, in a way that previous generations have never experienced. Historically for older members of society, a career was something automatic, with more than enough jobs to go around and  family businesses securing employment across the country. Yet when it comes to employment in 2018, salaries are lower, positions are more competitive, standards of work are higher and desired skills are more niche than ever. By contrast, a young person holding a successful and happy job at all is considered something of a rarity.

Nikki McCaig Side Hustle

So where does a side hustle come into this? The side hustle is just a distraction from a full time job, right?

The true significance of a side hustle in 2018 is shown as a representation of how work is valued by young people in 2018. The very need for a second job, a second project, an additional source of income and an extra level of work and dedication summarises the lack of financial and emotional fulfilment a full time job can provide for millennials in today’s professional environment.

The Aesthetic of A Side Hustle 

For the millennial crowd, aesthetic is more than just an attractive outer layer; it’s a dealbreaker for business decisions. Branding, physical appeal and design arguably matter more in the modern business model than the product itself, and should be a major part of sales and marketing for all businesses in 2018. The side hustle, by its very nature, can be any form of additional monetary income to a full time or part time job – but the aesthetic connotations of it are what make it so appealing. Spending weekends in coffee shops, networking after hours, stealing moments in your lunch break to edit, update, develop and build your own passion project – it boasts a unique style that inevitably attracts the younger generation of workers. But the aesthetic of 9-5 work is paling by comparison. The very mention of ‘office work’ to a millennial conjures up grey, dull and lifeless imagery to the brightly brand-focused generation and is often considered as more of a ‘means to an end’ than a fulfilling career opportunity.

The Economic Symbolism of a Side Hustle 

The youngest generations grew up through a credit crunch. They were learning about business as the worlds economy was crumbling and they were taught to anticipate a future without financial stability. So they adapted. They adapted to minimum wages and university fees and unwavering debt. It was through this expectation that millennials began to source their own, untraditional methods of earning a living. As prices increased, the idea of surviving on one income alone appeared more impossible than ever, and so the side hustle became a neccessity rather than a hobby. For some, yes, the side hustle is a passion project which boosts their personal funds, but for others, it’s a mandatory exercise. This generation is working more hours than humanly possible and sacrificing socialising for sweating over laptops and learning more about business at 19 than their parents ever would have needed to. Therefore, without doubt, the side hustle is a symbols of economic change for the worse in 2018.

rima-kruciene-670806-unsplash

The Corporate Rebellion of the Side Hustle

Over the past ten years, big corporate business models have struggled to reach younger audiences and demographics. From publically ethical scandals to internal stories of structural mistreatment and abuse, the corporations of 2018 are facing an almost unconcious attempt at rebellion through the nature of the side hustle. Millennials are boycotting Starbucks in favour of independent organic coffee, they’re buying vintage and second hand over luxury corporate clothing, they want ethically sourced and culturally sound products. The corporate brands in cold business blocks and faceless pinstriped suits are rapidly losing their appeal for younger generations. The side hustle offers up the most convincing evidence of this, as more and more individuals are opting to freelance, work remotely, start their own businesses and ‘go solo’ than work at a corporate brand. Even those who do work for these brands are ingiting their own passion projects to boost themselves out of the corporate environment, using these positions as the stepping stone that previous generations would never have even imagined.

The Rising Potential of the Side Hustle 

At it’s most basic form, the side hustle is a second job. But when you take into consideration the dedication, self-motivation, imagination and creativity being poured into this second job – it becomes something significantly bigger than that. The side hustle is evidence that the youngest generations have the potential to handle more than is expected of them. The route of school, university, job, marriage, children, death is changing form and young people are proving to the world that they have more potential than anyone predicted. These generations are working harder, broader, more imaginatively and more determinedly in spite of the restrictions years of traditional have placed on them and there’s nothing more demonstrative than that. Whilst this generation might not be the next wave of corporate CEOs, they’re the youngest generation of entrepreneurs the world has ever seen and that should never be underestimated.

The side hustle is a beautiful, surprising and significant evolution of work in 2018 and I hope the world is ready to embrace it. Here’s to the year of reaping its rewards in 2019!


Do Some Good (1)

This week, I’m honouring National Stress Week by promoting a charity that supports families struggling to cope with mental health issues.

Chosen Charity: https://www.home-start.org.uk/mental-health-policy

Why You Should Donate: Not only do Home Start provide essential comfort and support for families dealing with mental illness, they also work to educate and raise awareness of the issues facing young people in 2018. 

How to Donate: https://www.home-start.org.uk/donate/donate-now/10


 

 

5 thoughts on “The Significance of the Side Hustle in 2018 | Business

  1. This is very true. I’m currently working a 9-5 job and it is draining. Even though a side hustle also requires you to do work, it’s knowing that you’re doing something you enjoy which makes it the most appealing to me.

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      1. You’re right it can be so exhausting but I feel like for me it was the only way I could stay sane knowing I had other things that I enjoy to focus on! Thank you for reading 🙂 xx

        Like

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