Statistics show more than half of all workers today are worried about losing their jobs.  Faced with financial pressures and job security concerns, these individuals are giving the term weekend warrior a new meaning.  Instead of running marathons, these anxious workers are running part-time businesses.

A part-time business is an excellent way to supplement your current income relieving household budget concerns.  It is also a great way to test the waters to see if your business idea is viable and if you like being your own boss.  Many part-time businesses turn into full-time enterprises.

However, before you take off in a sprint make sure you warm-up correctly.  Check your current employer’s policies to see if there are restrictions against moonlighting.  Also, make sure whatever type of business you start you aren’t doing something that competes with your employer or creates a conflict of interest.  Be sure to set boundaries.  Don’t let your part-time business spill into your full-time employment.  Using your employer’s time to work on your own business could easily be grounds for termination.

If you plan to build your part-time business by doing the same type of work you do at your full-time job, you might be able to collaborate with your employer.  By fully disclosing your plans and seeking permission, your employer may actually refer small jobs to you to help you get started.

Make sure you are always above board with your part-time business in respect of your employer, your customers and yourself.

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