Setting up a side hustle alongside a nine-to-five job may seem a daunting prospect for busy Britons, but it can be enjoyable if organised well. Experts from accounting group Crunch have put together some helpful tips for people thinking of setting up an enterprise to complement their full-time job.
Check the employment contract
A person should read their current employment contract in its entirety before they look at starting another business while still employed.
The contract may have clauses and policies that state the individual can’t pursue their own business while an employee.
It’s important to find out if the business idea will be deemed as a conflict of interest, and to raise any questions with the HR department.
READ MORE: ‘Perfect opportunity’ Woman turns lifelong passion into side hustle making £100 a week
Look at employment rights and benefits
Working two jobs can be very challenging and people with a side hustle should be careful not to overwork.
Workers have the right to request flexible working from their employer, and this right was extended in 2014 to all employees, and not just those with family commitments.
A person could propose working part-time, a reduction in their contracted hours, or even moving to a job share basis.
The other option for an individual is to manage their time very carefully and to keep a close eye on how the work is affecting their wellbeing.
Some people may find it works to devote one weekend a month to their new business, or weekday evenings.
Darren Fell, founder and CEO at Crunch, said: “We’ve all seen those case studies in the news where someone has thrown in their day job to pursue their side hustles full time, and while it’s certainly possible for some, leaping from permanent employment to focus purely on your own business ventures isn’t always viable.
“The reliable income from a nine-to-five is something that only a few can spare to ditch, especially amid the cost of living crisis, but the extra income and sense of fulfilment that can come from pursuing a side hustle or small business idea are nonetheless attractive.”
Google searches for “side hustle” have increased by 58 percent over the past year, with 26,000 searches in the last month.
A recent study found 10 million Britons are looking at taking on a second or even third job to improve their income.