The number of employees who run their own companies or take on second or side jobs in their spare time is growing very quickly. While some employers encourage this “moonlighting” trend, many are concerned that it can harm their businesses.
A company’s management might worry that their employees may start companies that will compete with their employer or that can take away time from what they are paid to do at work.
If you are considering any sort of side job, you may want to take note of the following suggestions. Whether starting your own company or working a side job you can avoid any issues with your current employer and learn about the opportunity of your new career.
Things To Consider Before Taking Side Jobs
Make sure that you have not signed any sort of contract that would limit your ability to work outside of your employer. The most common contract that could affect your ability to do so is a non-compete contract. This usually states that, within certain geographical and chronological constraints, you are not allowed to work for (or start) a business that competes with the employer. Check also if signed a more strenuous contract, which limit your ability to work beyond your employer.
Do not allow your secondary job to invade your main work. If you are an employee of one company, it is unethical to be doing the work of another —- even if you own that business. Don’t take phone calls for your other job, don’t read email for it, and don’t do work for it. If an emergency comes up, you may choose to take personal time to deal with it, but don’t make it into a habit.
Avoid networking for your side job when you should be working on a project for your primary position. While you may have the temptation to speak up and say that your other company might be perfect for something, you should resist it. At the very least, keep a low profile on your employment status.
Eliminate your second job if the workload becomes too much. Assuming that your primary job is the more important of the two, if you find yourself unable to meet the requirements of both, eliminate one. Depending on the reason you took on the second commitment, it may not seem like an option. If, for instance, you need the second income in order to meet your obligations, you may want to consider other options for higher income, such as asking for a raise, or finding a new job entirely.
Taking Side Jobs for Preparing a Business Start-Up
Are you considering an entrepreneur career? Many individuals transition from employee to entrepreneur or from job to job with some sort of overlap. In such a situation it can be difficult to balance your workload. Also, it takes effort to keep such a situation from becoming a problem.
You will need to prioritize to succeed. Your time management skill is critical here. You can take this chance whether you can balance your side business goals and the objectives of your employer. If you can satisfy your employer and at the same time get side jobs that are in alignment with your business goals chances are you can succeed in your new business.