Sivuoma

Sivuoma is a Finnish term that translates to "side business" or "side hustle" in English. It refers to an activity undertaken by an individual in addition to their primary employment or source of income. These activities can vary widely and may include freelancing, selling goods, offering services, or pursuing a hobby for profit. The motivation behind sivuoma can be financial, such as earning extra money to supplement income or save for specific goals, or personal, such as pursuing a passion or developing new skills.

In Finland, sivuoma is a common practice, reflecting a culture that often values entrepreneurship and the ability to generate multiple income streams. Individuals may engage in sivuoma to explore new career paths, build a portfolio, or gain experience before committing to a full-time venture. Tax regulations in Finland address income from sivuoma, and individuals are generally required to declare and pay taxes on these earnings. The legal framework also considers the distinction between a sivuoma and a full-time business, which can impact reporting requirements and social security contributions. The rise of the internet and digital platforms has made it easier than ever for Finns to establish and manage a sivuoma, connecting them with customers and markets both domestically and internationally.