{"id":219734,"date":"2016-05-26T00:11:18","date_gmt":"2016-05-25T23:11:18","guid":{"rendered":"https:\/\/www.pearlaccountants.com\/?p=1366"},"modified":"2016-05-26T00:11:18","modified_gmt":"2016-05-25T23:11:18","slug":"a-guide-to-moonlighting","status":"publish","type":"post","link":"https:\/\/www.pearlaccountants.com\/blogs\/a-guide-to-moonlighting\/","title":{"rendered":"A guide to moonlighting"},"content":{"rendered":"<p><strong>A guide to moonlighting: how to start a business while you have a full-time job<\/strong><\/p>\n<p>Moonlighting means either working a second job or starting and running your own business while still working a full-time job. It sounds like a lot of work; that\u2019s because it is. Here are Pearl\u2019s top tips on moonlighting or running and starting a business while still working a full-time job.<\/p>\n<p><strong>Try to not use your employer\u2019s time<\/strong><\/p>\n<p>Your employer pays you for your work, but more importantly, they pay you for your time. It\u2019s important not to use your employer\u2019s time by running your own business. If they find that you are running your business while you should be doing the work they pay you for there\u2019s a good chance you\u2019ll be fired \u2013 then you\u2019d better hope that your startup business really does well, and quickly.<\/p>\n<p><strong>Take your business seriously, even when you still have a full-time job<\/strong><\/p>\n<p>When moonlighting, you have a salary from a full-time job, but that doesn\u2019t mean you shouldn\u2019t take the business you start seriously. You need to stay on top of all of your business\u2019s finances including things like cash flow and profit and loss. <a href=\"\/contact\/\">Get in touch with Pearl<\/a> on getting the best financial advice for your startup business. We specialise in helping new businesses.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1369 alignright\" src=\"https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2016\/05\/moonlighting-tips-1.jpg\" alt=\"how to get things done: employee or ceo juggling tasks and \" width=\"424\" height=\"283\" srcset=\"https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2016\/05\/moonlighting-tips-1.jpg 424w, https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2016\/05\/moonlighting-tips-1-300x200.jpg 300w\" sizes=\"(max-width: 424px) 100vw, 424px\" \/><\/p>\n<p><strong>Work on your time-management skills<\/strong><\/p>\n<p>You know when people write good time-management skills on their CV? When you are moonlighting and starting a business while still working a full-time job you will come to an understanding of what it really means. You\u2019ll probably have to work many nights and weekends, so being able to manage your time effectively will make your life a lot easier and less stressful.<\/p>\n<p><strong>Make sure your employment contract allows for you to start your own business<\/strong><\/p>\n<p>Before you start moonlighting and starting your own business, make sure you double check your contract of employment. Some companies frown upon their employees working second jobs or starting their own business, especially if the business they start could in any way be seen as a competitor. If this is the case and they find out and fire you, this guide to moonlighting will no longer be of help to you.<\/p>\n<p>The chances are you will be able to start your own business while working at your full-time job, but check your contract just in case.<\/p>\n<p><strong>Remember that you will need to pay tax on your business\u2019s profits<\/strong><\/p>\n<p>Just because you are paying income tax from your full-time job it doesn\u2019t mean that your startup business won\u2019t be liable to pay taxes on its profits. When you are moonlighting you need to keep records of things such as your startup business\u2019s expenses and revenue.<\/p>\n<p><a style=\"border-bottom: dotted 1px #204d25;\" href=\"\/contact\/\">Get in touch with Pearl<\/a> to talk about our <a style=\"border-bottom: dotted 1px #204d25;\" href=\"\/services\/bookkeeping\/\">bookkeeping services<\/a>, which will make your life a lot easier and less stressful. We specialise in helping small and startup businesses.<\/p>\n<p><strong>Try to work on tasks in your day job which are relevant to your own business<\/strong><\/p>\n<p>As we\u2019ve already said before, it might not be the best idea when moonlighting to start a business which is exactly like the business you work full-time for, but you can still try to work on tasks in your day job which have some relevance to your own business. It will help you become more of an expert in what the business you\u2019ve started does.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A guide to moonlighting: how to start a business while you have a full-time job Moonlighting means either working a second job or starting and running your own business while still working a full-time job. It sounds like a lot of work; that\u2019s because it is. Here are Pearl\u2019s top tips on moonlighting or running <a href=\"https:\/\/www.pearlaccountants.com\/blogs\/a-guide-to-moonlighting\/\" class=\"more-link\">&#8230;<span class=\"screen-reader-text\">  A guide to moonlighting<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":218857,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2198],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A guide to moonlighting - For Start Ups - Pearl Accountants<\/title>\n<meta name=\"description\" content=\"Here are Pearl\u2019s top tips on moonlighting or running and starting a business while still working a full-time job, read more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pearlaccountants.com\/blogs\/a-guide-to-moonlighting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A guide to moonlighting - For Start Ups - Pearl Accountants\" \/>\n<meta property=\"og:description\" content=\"Here are Pearl\u2019s top tips on moonlighting or running and starting a business while still working a full-time job, read more.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pearlaccountants.com\/blogs\/a-guide-to-moonlighting\/\" \/>\n<meta property=\"og:site_name\" content=\"Pearl Chartered Accountants &amp; 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