For those essentially working two jobs, time is not on your side. Figuring out how much time to give to each is like a problem on the mathematics portion of a standardized test. But if you think of it in terms of units, it becomes easier to pencil in those blank ovals.
Russ Sarbora, 27, bills by the hour and has found that companies are understanding when it comes to exactly which hours show up on their bill. As owner of Peak Consulting and Development, a Web site development company in Wilmington, Delaware, Sarbora uses the office space of companies for whom he's contracted and pushes the limits of multitasking while doing so. Yes, this full-time entrepreneur "cheats" on his own clients.
"Sometimes I work on other projects while billing a company for my time," Sarbora says. "But my clients realize what's going on, and everyone knows I'm responsible for finding my next assignments. They know I do small stuff on the side, but most [clients] say it's not a problem. And as long as I feel like I'm providing the service I'm being paid for, then it doesn't bother me at all. If deadlines are coming up, I put in extra time--for free--and it all balances out."