Risk: Moderate

I’d rate the risk a 2 out of 5 because starting a side hustle as an electrician can be risky if not managed carefully. Here's why: 1. Money: There are significant startup costs, including tools, equipment, and possibly additional training or certification. If the business doesn't take off, these costs may not be recouped. 2. Time and Energy: Building a client base and reputation takes time and effort. If the side hustle doesn't succeed, this investment may not yield returns. 3. Confidence: Failing to secure clients or facing competition can impact confidence, especially if initial expectations aren't met. 4. Common Experiences: Many beginners report spending money on tools and marketing without seeing immediate returns. Online discussions often highlight the challenges of breaking into the market and the importance of networking and reputation. Overall, while there is potential for success, the initial investment and competition make it risky for those who can't afford to lose money.