Starting a Side Business? Here are 5 Steps to Avoid Getting Fired

Depending upon your employer’s point of view and the contracts you signed when you started your job, operating a side business is often deemed gray area at best.

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Many employees today are looking at starting side businesses for extra income this is nothing you need. However many employers don't care for the idea.

Playing it safe all starts with making it abundantly clear that your side business idea isn’t a conflict of interest or competitor to the company you work at. You’ll need to carefully navigate your employment contracts, decide if you should tell your boss about your side business, and much more.

Here are my ten steps to avoid getting fired while starting a side business.

If you’re thinking of starting a side business, it’s your duty to make sure you’ll be legally in the clear.

Depending upon your employer’s point of view and the contracts you signed when you started your job, operating a side business is often deemed gray area at best.

Playing it safe all starts with making it abundantly clear that your side business idea isn’t a conflict of interest or competitor to the company you work at. You’ll need to carefully navigate your employment contracts, decide if you should tell your boss about your side business, and much more.

Here are my ten steps to avoid getting fired while starting a side business.

1. Know your company policy.
Many companies have formal policies about employees operating a side business. If you didn’t ask, or weren’t briefed on this during your interview and onboarding process, then it’s worth giving all of your employment contracts a thorough read.

If you’re still unsure, or there’s no clear mention on the subject, it is absolutely worth asking someone who’d definitively know the answer to this within your company. There’s no harm in asking.

Profitable “part time” online business for sale, learn more.

Read on;

https://www.entrepreneur.com/article/270275

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