Side hustle?
Side hustle?
(OP)
I'm wondering if any of you, or anyone you know, has a side hustle or business related to engineering?
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RE: Side hustle?
RE: Side hustle?
Also depends on what type of engineering you do or clients you have. Do they expect you are available to come to a job site if there is a problem?
Get a time machine and go to school for software engineering
RE: Side hustle?
I know some who do drafting or house plans as what we call "diversified employment".
RE: Side hustle?
RE: Side hustle?
RE: Side hustle?
I'm lucky enough to be paid (straight time) for extra hours I bill. So why would I risk my primary employment to make some small money ($500 a calculation?), and go through all the hassle? I'll work extra here.
RE: Side hustle?
xnuke
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RE: Side hustle?
TTFN (ta ta for now)
I can do absolutely anything. I'm an expert! https://www.youtube.com/watch?v=BKorP55Aqvg
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RE: Side hustle?
My main employer knew about it and was OK.
That kind of ended when they wanted to hire me full time and I decided to stay with my then (and still current) employer.
With being an employee, you overcome the problem with fixed cost I mentioned above.
Obviously make sure your main employer is OK.
RE: Side hustle?
There is nothing wrong with doing something else for money in addition to being an employee, as long as you are not in conflict with your employer- and you're not hiding anything. My first conversation with any potential side client is, "I'm employed by X, and any work related to X's practice which is areas Y and Z, I can't do for you- it will be handled by X Inc." Of course some employment contracts attempt to restrict any secondary employment including self-employment. I am unburdened by such an agreement. Doing work in contravention of an employment contract is pretty much the definition of "conflict with your employer".
You also need to keep your need for insurance and/or voluntary liability limitation in mind. If you're paranoid about liability, you need to set up protections against that which will mean you will need to really do quite a bit of work just to cover the fixed costs of your side "business". Most full-time employees find that to be a deal-killer right there.
There were times when I did no outside work, because the main job and the rest of my life left me no time. Once the kids got older, it was possible to pick up little bits of work on the basis of relationships and interest. That will continue for me into retirement.
RE: Side hustle?
All in all, I'd much rather deliver pizzas after 8-10 hours at the office.
RE: Side hustle?
But, as a side business, I was too slow. Simply didn't make enough feet steel in a short enough time to make a sufficient profit as my own boss/welder/fabricator. SO no. Not everybody is able to make enough in a side business to replace a office job - even if you are able to avoid the conflict of interests between both jobs.