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The double-shift dilemma: Is moonlighting worth the cost?
What you need to know:
- You can invest as you're working and grow the business little by little.
- When it becomes sustainable, you may decide to quit and concentrate on your new enterprise.
- The returns may be even better than what employment offers.
Working two to three jobs is not surprising given the current economic situation. Organisations aren't hiring on a large scale, but scaling down operations, declaring redundancy, outsourcing, or even relocating, if not rethinking their business model. Salaries are stagnant, with hardly a review, and in some instances, they're reviewed down. If you see well-salaried employees engaged in side hustles, they're grappling with the realities of the day. Think of moonlighting. It helps to augment that income as an employee can go for months in their primary jobs without pay. But before moonlighting, consider the following.
Organisation policy
Does the organisation you work for have policies that bar employees from engaging with another employer and especially the competition in a similar field? What if you're clocking out and heading for a work shift in similar roles to the competition across the street? If you've not apprised your employer of the same, you may be accused of breaching terms of your contract. You may also be accused of selling the organisation's secrets to the competition. Your loyalty to your employer could be in jeopardy as well. To avoid such, ensure you know the organisation's policies beforehand.