Your Side Hustle Today, Your Global SME Tomorrow

“Set seemingly impossible goals and then iterate your way towards them.”
– Melanie Perkins, Co-Founder and CEO of Canva

In today’s uncertain economy and amid rising living costs, many people have turned to side gigs as a way to supplement their income. For women, these ventures often become the first step toward entrepreneurship. wegg® is dedicated to nurturing that entrepreneurial spark, providing the guidance, strategic partnerships, and resources needed to help women move from inspiration to action. With expert support, thoughtful planning, and perseverance, what begins as one income stream of many can grow into a dynamic small business with global potential.

Cindy Barth breaks down the statistics of the side-hustle to entrepreneurship pipeline for bizwomen,

“For many women, entrepreneurship begins before a business is formally established. Forty-two percent of women said they currently have a side hustle. Yet only 13% have formally registered that activity as a business, 10% have obtained an employer identification number and just 20% have opened a separate business bank account. Nearly three in 10 women with side hustles report taking none of the typical steps associated with formal business formation, suggesting that entrepreneurial activity may be occurring well before women appear in traditional business ownership statistics.”

Due to the modern and varied ways women are becoming entrepreneurs, it follows that many are practicing entrepreneurship before ever calling it that. Nowadays there are many paths to the destination of global business. The passion and interest to become an entrepreneur is ever-present, and what wegg does best is fan those flames. Barth presents the following statistics that illustrate the growing appeal of entrepreneurship as a career goal for women:

“Among women considering entrepreneurship, 59% said they feel a sense of urgency to start a business within the next year. Their motivations are largely practical: 56% cite the potential for higher income, 51% want more control over their work and 47% seek greater flexibility. Others point to a desire to make a positive impact, concerns about job security or burnout in traditional employment.”

wegg has your back every step of the way, no matter what step you are on.