Many people have a side business when working for a day job, though this might sound interesting, you can get into severe trouble if you do not follow certain rules. There are 7 tips you can use to avoid getting fired from your day job while having a side business.
1) Know the company policies: Many companies restrict their employees from working on any other job or business while working for them. The top reason behind it is that having a side business can distract you from your job, so before thinking about starting a business, understand your company policies.
2) Understand all agreements: Different companies can ask you to sign different agreements; these agreements can have many minute details. It is better to consult a legal advisor that can explain you all these details, especially if you are working in a foreign country it is important to consult an immigration lawyer.
3) Company information: It is prohibited to use your company’s information or Proprietary in any form for your side business. This includes patent details and every small secret of your company.
4) Former co-workers: When working on your business try not to involve any of your former co-workers as you might have an anti-poaching agreement with your former employer.
5) Working on side business during office hours: Your day job hours should be completely used for company work only, so do not do any of your business work during these hours.
6) Using company resources: Don’t use any of the company resources for your business purpose. This includes a printer, papers, internet, telephone, software, and every small and big resource.
7) Be open with your employer: If you are planning to have a side business while working on your day job, be open about it with your employer, especially if your business is not in direct competition with your current office. You can tell about your business before joining the day job or if you are already working then after understanding all the rules and regulations of your company.