to operate a side-business, while a full-time job working is relatively common. Some people work side business to supplement their income. Others simply their work for financial stability hold while trying to start full-fledged business.
manage this process can be difficult and requires a delicate balance. You must tell your employer and give them 100 percent of your devotion be fair. You pay your salary, after all. At the same time, you need to work hard on your own business, to ensure that it succeeds.
Here are seven ideas to help this process successfully to navigate.
1. Does your job allow?
In general, most employees are allowed to run businesses, as long as they do not interfere with their work site. However, it is best to check your employment contract. Some agreements include clauses to prevent the employee from performing their own business, even if it just a side business.
The safest course of action is to consult a lawyer. Show the lawyer all employment contracts, staff handbooks and employment contracts you have to determine if your side business breaks all your labor clauses.
2. Do not compete with your employer
you do not run side firm. In direct competition with your employer Unfortunately, this creates a conflict of interest. If your side company competes with your employer, the only for action is to withdraw.
There are however some gray areas when it comes to competition. It is not always easy, in direct competition with your employer if your company to determine. For example, let's say that your employer operates a full service marketing consulting firm that works with large companies. On the other hand, your site offers services marketing consulting to self. Compete against your employer? Arguably, you could say that you offer something similar services. However, you are working with very different customer base and do not compete for customers.
What is the correct procedure? It varies. Talk to a lawyer to determine if you would have legal liability. Legal advice may be expensive, but they are cheaper than the consequences.
3. Do you have the time?
There Commitment varies depending on the industry needed to run a side business. typically devote a few hours for the company every working people who start a startup or a side business. They often have to spend a part - or most - their weekends working as well. This demanding schedule may leave little time for friends or family.
run a side business may not be an option if you have a job that requires more than eight hours per day, or if you have significant responsibilities outside of work.
4. Run your business outside of operating hours
should do business hours your job is output. Your side business or boot drive should be outside of normal business hours. Therefore, you need your business work to do before you begin your job or after it has ended.
If you have an urgent start related matter during working hours to handle, do so during the breaks. Keep these interruptions to a minimum. And, as a precaution, go to a cafe or step outside your office. In the next section explains why this issue is important.
5. Do not use your employer and office equipment
office of your employer has his place of business, not yours. They do not work in their premises on your business. This rule is for ethical and practical reasons. Many employees agreements signed that assign all work and intellectual property, which develops when working on their employer. This agreement is valid even if the work is done after hours.
These agreements are common in many professions. You want something to avoid work that is revolutionary - to give only your employer the right to own it. Working from home, cafes or hotel lobbies, but never from your employer office.
6. Know when call it quits
Knowing when to stop your work is important if you want to move from your part-time business into a full-time venture. If you can grow your business while working and try to replace some or all of your earned income. But keep in mind that the fair thing to do is to end the moment that you enter the proper attention not your employer.
For more information on how full employment, the transition to work in your home, please read "you are ready to quit your job and work in your Start Fixe?" Small Business BC.
7. Know How to resign
When the time to move on your home full-time, comes, remember professionally withdraw. Thank your employer for the opportunity and speak lovingly of your colleagues. Your superiors and colleagues should remain important contacts throughout your career.
It is an exciting time when you start your small business. It's probably something you wanted to do for a long time, so it can be easy to start to neglect the employer that the cost of living paid in the meantime. As the old adage, although says it is important not to burn bridges in business. No matter what how you were as an employee before you started your business, when you begin to neglect your work, your colleagues will remember only your mistakes. But. By continuing to be a loyal employee, you never know who to make the next payment on your business
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