MBFH057: How To Build A Business On The Side When There’s No Time with Kingsley Grant
Description
✅ Here’s a summary of what was discussed in this coaching/feedback episode:
- Breaking down the project into smaller tasks
- Doing a time analysis
- Getting clarity on the business idea
Christopher Hayles’ entry on Facebook contained the following:
“Ok gents, I'm at a loss.
- 3 kids 5-16,
- work full time for a consultancy company that works closely with Microsoft. We do cloud migrations, automation, data science and business intelligence. Lots of highly sought after stuff.
- Obviously, this is pretty well paid.”
- …
- I'm not wasting a bunch of time. I rarely watch tv, I play soccer once a week, I time limit my social media, I don't get enough sleep as it is. I'm just kinda stuck.
Question: How have you managed to break away from the routine to build something on the side? Is it necessary to let some of the other plates drop, temporarily?
DILEMMA ➡️ I've long wanted to break out on my own, but somehow seems there's no time whatsoever to work on any personal projects that could eventually turn into a business.
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- First: Choose a project - singular - that ties in with your business
- Second: Break down the project into small tasks
- Third: Work on one little task at a time maybe one each day or week
- When the project is looked at as a whole, it appears as one gigantic mountain; impossible to scale
- When it is broken down and given its own focus, the size shrinks
DILEMMA ➡️ Usually there's barely enough time to take care of myself after taking care of everyone else and my full-time job.
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- First: Do a time analysis by putting it all down on paper
- Second: Track your time over a 2-week period and see how you are spending your time. Be brutally honest
- Third: Look over the data and see what is there that was a time-waster or can be removed
DILEMMA ➡️ I also have a hard time justifying (to myself) diverting funds to any of my pet projects.
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- First: It is understandable if you are diverting funds to a pet project. This makes it sound like an expensive hobby
- Second: Be clear on what it is you are pursuing: is it a hobby or a business?
- Third: If it is a business, then see it as investing funds, rather than diverting funds
✅ Now Your Turn
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Go to legacybuildingdads.com, you can request entry into the group, where you’ll answer a couple of questions and if you meet criteria, you’ll be given access to this high achievers group.
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