Moyes left the Hammers at the end of last season.
Speaking after news of his OBE, Moyes told BBC Sport: "I don't consider myself done yet but I am certainly enjoying some time off.
"The one thing I won't do is put any manager under pressure personally, because I don't believe in it. I have not liked it when I have been in that position myself.
"We are all getting a little bit older and I have to make sure I am doing the right thing for myself.
"Football is in my blood. It has been since I was a boy. I love watching football and I have enjoyed my career.
"If there is another part to it, so be it. But I would only want it to be a good part. I wouldn't want to be coming in and doing something which is very difficult.
"I don't want to be at the bottom of the league and fighting relegation which I have had a few times, so we will see how things go."