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A lot of business owners and bosses get nervous when they hear that their employees are eyeing up business opportunities.

Naturally, you want to hold on to workers have talent, but fear them leaving if they’re starting a business. Recruitment can be expensive, and finding the right candidate is often time-consuming. It’s understandable that you want to avoid all that hassle.

But this is the age of the side business. More and more people are building successful side businesses alongside their full-time job.

Yes, some of them will leave to take their business full time, but many prefer to only keep it as just a side income to their secure full-time job in the meantime.

Are entrepreneurs good employees?

They have innovative minds you can use

Business-minded employees can lead the way with innovative thinking and creative problem solving. They may be able to look at processes, marketing campaigns and problems and find fresh new ideas and solutions to explore.

Entrepreneurs are more likely to go for daring ideas and take risks where others would be overly cautious. Of course, this can go either way, but you could open up brand new opportunities for business growth if you’ve got entrepreneurs on the team leading the way towards change.

They are natural leaders

If you need strong managers and great leaders to delegate to in your business, then those with entrepreneurial tendencies are often a great choice. They are used to taking responsibility and putting their thoughts into action. It might help to reduce your stress and workload if you know your tasks are being handled by more than capable team leaders.

payroll service

This means that entrepreneurial employees aren’t people to be careful around, they’re people who can add something unique to your business and help it grow. Sometimes, it might even be worth further investing in these individuals to help kickstart their growth!

They are not one to shy away from challenges

Entrepreneurs are no strangers to challenges. It doesn’t matter whether they run the smallest of side businesses, running a business is hard work and you need people in your team who are willing to put the effort in.

Don’t ban side businesses

Some employers try to stamp out business dreams of their employees. However, if they’re serious about boosting their income and running a side business that is more in line with their dreams – the chances are they will do it anyway. If employees don’t feel valued or as though they aren’t progressing, then they will go elsewhere. You could end up losing that employee you wanted to hold onto anyway.

As an entrepreneur yourself, you’ll surely understand the drive to build something bigger than yourself. Entrepreneurs can add something truly great to your team and can help you build your business. That’s why it’s not only fair but also makes good business sense to encourage them and respect their side business lives.

Obviously take a different line if you find them walking out with your client list one day, but supporting an employee’s venture could be beneficial to you both.

Learn more about our online accounting services for your business. Call 020 3355 4047 to talk to one of the team, or ask for a free call back

About The Author

Christopher Jones

Forensics graduate-turned copywriter and blogger. I love turning complex topics into easy to understand, yet engaging pieces of content.

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