What do I need to bear in mind if I start a business as a sideline?

What needs to be considered?

For people who have a permanent job, it can be an advantage if they only run their business as a sideline in the initial phase. If the start-up phase is successful, a young entrepreneur can then concentrate fully on their company.

Setting up a company as a sideline

In order to reduce the risk, it may be worth aiming for partial self-employment. As soon as the company has survived the start-up phase, the existing salaried employment is given up and the company founder can devote himself exclusively to his company.
Ideally, the existing job will cover the cost of living. This reduces dependence on the company. In the event of bankruptcy of the start-up company, this reduces the risk of personal bankruptcy.

Acceptance of the employer is important

Employer acceptance is very important for a young entrepreneur in the start-up phase. Self-employment must not violate the employment contract. The new company must not compete with the employer's company. In addition, the employer must be able to count on the full work performance of his employee.

Weigh up the advantages and disadvantages

If self-employment is carried out as a sideline, it is essential to consider the advantages and disadvantages. Although this option enables a slow entry into self-employment, there is less time available for the start-up company. This means that the business cannot be built up as quickly. The workload must also be taken into account. Anyone who is both gainfully employed and setting up their own company has to invest a lot of time. This increases the risk of overwork.