523: Should You Tell Your Boss About Your Side Hustle?
The Side Hustle Show
Nick Loper
4.7 • 1.6K Ratings
🗓️ 25 July 2022
⏱️ 6 minutes
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| 0:00.0 | When it comes to sharing your side hustle with your boss is honesty always the best policy. |
| 0:04.8 | In this video I'll share when you should tell your boss when it might make sense not to |
| 0:09.2 | and the risks and benefits of letting them know, real or perceived there. |
| 0:13.4 | But first off, the good news is that the topic of side hustles is a lot less taboo than it was |
| 0:18.5 | even 10 or 15 years ago. In fact, there are a lot of companies that actively |
| 0:22.4 | encourage their employees to start businesses on the side. So when should you come clean and tell |
| 0:27.2 | you boss? First up, when it's required. In certain industries, disclosing outside financial |
| 0:32.4 | interests is a requirement. You'll see this most commonly in defense jobs, in legal jobs, |
| 0:38.1 | in government jobs. In fact, most agencies in the federal government are going to have this |
| 0:42.6 | outside employment and activities page, like this one from the Department of Justice that spells |
| 0:47.9 | out what you can and can't do outside of work. But when it down, check with your HR department. |
| 0:53.2 | Next is when your side hustle is public facing. If there's any chance your boss is going to discover |
| 0:59.0 | your side hustle on their own by googling you or by stalking you on social media, I think it |
| 1:04.3 | makes sense to be upfront about it. After all, you want to take ownership of that conversation |
| 1:08.5 | instead of them making assumptions about what they find online. And it could be as simple as this. |
| 1:13.7 | Like, hey, I've had a couple friends reach out to me for graphic design help. So I'm just going |
| 1:19.1 | to add that to my LinkedIn. Just wanted to give you a heads up. Pretty innocent, right? You don't |
| 1:22.6 | have to make a big deal about it. Third, if there could be any perceived conflict of interest. |
| 1:27.4 | Now, of course, you're not going to start a business that's in direct competition with your |
| 1:31.4 | employer, but losing clients is a legitimate concern that a lot of bosses have. So if your |
| 1:37.3 | side hustle is in the same industry, make sure to explain how you're going to keep them separate, |
| 1:42.0 | how you're separating your business from your day job and honoring any non-compete contracts |
... |
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