Balancing Your Job and Business

​If you've always dreamed of running your own business, but refuse to stop working your job, it is possible to do both. There are many factors you will have to consider before you can even start.  Balancing both worlds will be difficult. You owe your employment 100% dedication. At the same time, you need lots of work for a business to succeed. Here are some of the major considerations you will need to reflect on before you proceed.

Do I have enough time?

As mentioned earlier, there will be a lot of time required for you to do both.  Do you have enough? If you work 8 hours a day, or sometimes have responsibilities outside of work, this may not be ideal for you.  It can also take away time for your family and friends. Your weekends will surely be affected as well.

Does my current employment allow it?

You should check with your office if this is allowed.  In general, many companies allow side activities as long as they do not interfere with your work.  However, some companies do not allow any business outside of your job. This is regardless if it affects your work or not.  Be very careful and make sure you are permitted before doing anything.

Be considerate to your employer

If you do decide to pursue your own business, you should be considerate to your current employer.  First, never enter a similar field or go in direct competition against them. There will be a major conflict of interest if you do this.  If the new business you want to run competes directly, the only course of action is to resign.

Second, never work on your business during your employer's working hours.  Always work on the business before or after your official working hours. If something urgent needs to be handled, do it during your breaks.

Lastly, never use any equipment or resources from your employer.  This is true for all resources including office supplies, electricity, internet, and even printing.  Any work for your business during breaks should be done outside the office. You can use a nearby coffee shop instead.

Know when to let go

There may come a time when you will need to choose between the two.  If your business is successful and growing, and needs more of your attention, you may want to quit your job.  It will be unfair if you can not give your job what is proper and due to them.

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