hey guys ECR G here back with another episode in today's episode I've got a
question that I've been waiting to get for a long long time since I started
this channel actually because I may have mentioned this strategy before to
increase your income but this is very very good and someone was it was
actually funny cuz they emailed in and they kept it very anonymous what they
were asking about and even the title it was very weird I thought it was actually
a spam email but then I actually opened it up and I realized they knew what they
were talking about using words like non-compete and CRO and TMF and things
of that nature so this was very very good and I'm actually glad I got this
question so hopefully this will be able to help a lot of you guys out there in a
clinical research space to understand how clinical research is a great field
to increase your income exponentially if you know what you're doing so without
further ado let's go ahead and get into it actually Before we jump right into
this question well let you guys know about the resume review program for some
reason today I've gotten a ton of emails about it so of course in today's video
I'm going to mention it if you're just did and want to get your
start or want to level up in clinical research and want the extra boost to
your resume you can email me elite clinical group at gmail.com for any
questions you may have about your resume or if you are realizing that your
interviewing is really the problem or both is potentially a problem you can
reach out to me there and we'll get you on the straight path so this person
starts off high ECR g hope all is well so far sorry for bothering you but I
have a question that's been bugging me and I have know people who could give me
good advice honestly you are the first and the very one person who I can ask
this incognito so if I may I would like to ask you a question so I work for a
global CRO and I'm bounded by a non-compete agreement there is one
company that wants to contract me badly they were trying to get me a year ago
but I refused now they came with more with a more sweet proposal but 50%
utilization only I do not want to leave my Sierra
awesome line manager good work-life balance some opportunities but average
paycheck and want to accept this contract job just decent pay on 1099 my
global CRO definitely would not allow me to work for two sides but a friend of
mine told me that I can open an LLC and sign a contract and work under that LLC
so my name and social security number who will not pop up anywhere and my
global CRO would never know about that is that okay does it usually work in
real life my global CRO would never pay me the same amount that I can get from
both and a contract position is a dead end good only for extra money building
reputation getting no experience and that's it so I am facing a huge dilemma
to take a chance and earn some extra dollars or forget about it and do not
risk my reputation in case of global CRO would know somehow about contract
position I'd be really appreciated for your experienced advice so this is not a
question can you believe I've gotten before so I'm really glad that this
person asked it so basically what they're asking about what's called as
double dipping si Ras do this all the time so they did I don't think they
mentioned no they didn't mention what role they do but you know CRH do this
all the time they do what's called double dipping they will work in not
even contract positions I've heard of I'm doing it full-time they'll do it
full-time positions work for one CRO and work for another so it's not illegal
it's it might be looked down upon if to do it the full cuz the full you know you
know the full position way but if you're doing a contract there is nothing
preventing you from picking up an extra contract on the side it's kind of like I
kind of look at it like this like what if you have your full job and then you
go work over at night there's nothing wrong with that as long as you're
meeting your expectations and doing what the job requires of you so there's
nothing wrong with that so yes I would definitely do this if you have the
ability to do this if it's not gonna affect your main job I would I would
definitely do this you know picking up an extra contract on the side is a great
way to increase your experience like you said but more importantly increase your
income and you can take that chance because
have a full-time job with all those benefits so you can take that extra
money and do what you want with it I'm not gonna go into what you should do
with it your your money whatever that's up to you but I would definitely
consider this opportunity and I would probably take it if I were you if you're
not happy with your income but love the company now you said you're bound by
non-compete agreement so are you so I would you know read what the non-compete
agreement says because sometimes it says you know you can't work oncology
sometimes it says you can't work for another company that does you know I'll
just say oncology I mean or noski be more specific than that
oncology is too broad so let's just say you can't work for another company
that's going to do you know hemophilia or like some hemophilia medication this
is usually very specific so read that non-compete see what it says and many
times you may find a way around it including this company may you know do
something else but most of the time the non-competes are for people that have
some kind of specific insider knowledge at your level if you're complaining
about the money I don't think that that would apply to
you of having some some kind of trade secret or something that you could give
to a competitor that would put the main coming out of business that's usually
who these non-competes are for so yeah I would definitely consider this you know
there's not many CEOs that use non-competes I've talked about them in
the past so my guess is it's either IQ via or med pace those are the two that I
know that you know you look on their glass door and they they talk about
non-competes up and down don't confirm or deny that in the comments or anything
but yeah there are people that are double dipping all the time so I would
definitely consider that and you know other things to look out is yeah you're
right you can form an LLC and get paid under the LLC this is a part-time job
they can't stop you from making part-time job money so I would
definitely do it the great thing it doesn't last for a long time so if it
you find out as too much work you can quit if if it does if it doesn't
meet your expectations if it's not what you thought was gonna be
you can quit also these part-time positions these part-time contracts are
there and they fully expect people to quit and go on to full-time positions
because most people do want full-time positions so yeah this is a great
opportunity I would definitely do it and thank you so much for asking this
question I've been waiting a long time for people to ask this question but
mostly it's within with regards to people doing it for CRA work so like you
said you didn't mention what kind of work this is for probably CRA but you
never know because there are a lot of part-time positions out there for C
arrays and they're looking for people that want to you know work a little
extra on the side because sometimes you get the ability to do that as a CRA so
thank you so much for putting in this question guys if you have a question of
your own and want me to give my take on it you can email me Ali clinical group
at gmail.com take care guys