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en·tre·pre·neur –noun Entrepreneur, translated from its French roots, means "one who undertakes." The term Entrepreneur is used to refer to anyone who undertakes the organization and management of an enterprise involving independence and risk as well as the opportunity for profit.
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Old 12-06-2007, 01:45 AM   #1 (permalink)
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Question Need suggestion

Hi Folks,

I am 27 yr old,employed in mid level mgmt positon with handsome salary.
I do 3 hr core wrk in off and later concentrate on my own business for the rest of the day
As a enterpreneur I am also running 2 internet business which are quite successful.
I have 12 employes...planning to go 25 in next quater.

Currently the salary I draw frm my employer is slightly more than the money I m making with my own business

Now I need to know is this is legal to wrk with one company and running part time business side by side
I am from India
Please suggest..
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Old 12-06-2007, 02:11 AM   #2 (permalink)
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There is nothing illegal about it per se. However, you might be violating a company policy by working for another company during hours you are supposed to be working for your current employer or by failing to notify your employer that you have taken up another job for compensation. Either of those comes down to the company policy, so check the handbook. Typical remedies include termination and/or repayment of salary paid but not earned. If you signed a covenant not to compete and your side businesses could be construed as competing at all, be it for resources, consumers, or sales, you could be in breach of the agreement. Typical remedies include an injunction ordering you to stop competing, termination, and/or repayment of losses that your employer suffered due to the competition. Either way, litigating these issues will be costly and time consuming, so make sure that you are familiar with your employer's relevant policies and any contracts you signed incident to your employment. If you have any further legal questions, it would be best to consult an attorney for legal advice.
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Old 12-06-2007, 07:35 PM   #3 (permalink)
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I agree with jmenq2. As far as I know, as long as you work with your part time biz outside office hours, it's OK. but you'll be violating company policy once you're doing your own thing while you're at the office.
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Old 12-10-2007, 12:12 PM   #4 (permalink)
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Yeah! As long as you are not violating the company policy, it's ok to work part-time.
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