You have a temporary contract, are working as an interim or have a fixed-term contract. At the same time, the idea of starting your own business is tempting. But is it really wise to start a side hustle without the security of a permanent job?<\/p>\n
Many aspiring entrepreneurs believe they need a permanent contract before they can start a side business. It seems logical: why take risks when your income is already uncertain? But this thinking often holds you back for longer than necessary.<\/p>\n
The reality is that Legally speaking, nothing stops you.<\/strong> to start a secondary job, not even with a temporary contract. Your employer cannot forbid this, unless there is a conflict of interest or competition.<\/p>\n Starting a side hustle while not having a permanent contract even offers advantages:<\/p>\n With a temporary contract, you often have more flexibility to arrange your own time. Between assignments, you can work on your own business without having to take holiday days.<\/p>\n A side hustle provides you with an additional stream of income. Especially when your job is temporary, this can bring more financial security than relying solely on your employer.<\/p>\n By starting your own business, you build a professional network that can also help you find new assignments as an employee.<\/p>\n Please note the VAT threshold of \u20ac25,000 per year. If you exceed this, you will become liable for VAT. This means more administration, but also that you can reclaim VAT on business expenses.<\/p>\n As a part-time self-employed individual, you will pay social contributions to a social insurance fund for the self-employed from the second year onwards. The minimum amount is around \u20ac800 per year, but this can increase depending on your turnover.<\/p>\n Ensure that you are well-insured. A long-term disability insurance policy for the self-employed can fill a gap that your employee insurance may not cover.<\/p>\nWhy a side hustle can be a smart move, even without a permanent contract<\/h2>\n
Flexibility as a strength<\/h3>\n
Building a financial buffer<\/h3>\n
Expand network<\/h3>\n
Practical considerations when starting<\/h2>\n
VAT liability and administration<\/h3>\n
Social contributions<\/h3>\n
Additional insurance<\/h3>\n
Choose a smart structure<\/h2>\n