213: How to Avoid Conflict of Interest Between Your Side Hustle and Your Day Job

The Side Hustle Show

Nick Loper

Entrepreneurship, Business, How To, Education

4.7 • 1.6K Ratings

🗓️ 20 January 2017

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

Possessing creative powers beyond those of mere mortals, Don "The Idea Guy" is back to help talk through a common but tricky situation side hustlers run into.

You might remember Don from episode 170 of the show, where he gave us his 7 rules for business idea brainstorming and took a few live listener calls as well.

This week I invited Don back to help wrestle with the dreaded "conflict of interest" that might arise between your day job and your side hustle.

Inspired by an email from someone in the Side Hustle Nation Community, Don offers some suggestions on how to deal with this at your place of work. He covers how you can test ideas in your day job within a lower risk environment, and perhaps even leverage a raise from your boss based on the results.

Tune in to hear what options you have if your side hustle overlaps a little too closely with your day job.

It's a little bit of a different style of episode, so I'm curious to hear what you think? Would you like to hear more of this "talk show" style show? Or should I stick with the regular interview format?

Full Show Notes: How to Avoid Conflict of Interest Between Your Side Hustle and Your Day Job

Transcript

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0:00.0	Side Hustle Show 213, how to avoid a conflict of interest between your side hustle and your day job.
0:06.0	Welcome to the Side Hustle Show, where aspiring part-time entrepreneurs learn how to turn their side-housled dreams into reality.
0:15.0	Because your 9-to-5 may make you a living, but your 5-9 makes you alive.
0:20.0	And now your host, Nick Loper.
0:26.0	What's up, Nick Loper here?
0:28.0	Welcome to the Side Hustle show.
0:30.0	A little bit of a different style of show for you today,
0:32.0	but one that addresses a really
0:33.9	common issue for side hustlers and that's conflict of interest. If you want to
0:38.4	start a side hustle that uses some of the same skills and expertise you use at
0:41.7	work I think that's only natural.
0:43.4	The problem is it's also only natural for your employer to take pause or perhaps even
0:47.2	take offense to that.
0:48.6	And even if your side business is completely unrelated, do you have to tell work about it? What business is it of theirs what you do in your free time?
0:55.2	These can be some tricky issues to work around and still accomplish your side hustle goals.
0:59.2	And in fact, this episode was inspired by an email I got from a side hustle show listener asking about this conflict of interest challenge.
1:06.0	To help me talk through it, I invited Don the Idea Guy back on the program.
1:10.0	Possessing creative powers beyond those of mere mortals you might remember Dawn from episode 170 of the show
1:15.9	One of the most popular episodes of the year last year where he shared his seven rules for business idea brainstorming and we took some live listener calls as well.
1:24.0	Now today we're going to go over what options you have if your side hustle overlaps a little too
1:28.0	closely with your day job and how you might even be able to spin that to your advantage.
1:32.1	Again some creative thinking
	...

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