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MBFH057: How To Build A Business On The Side When There’s No Time with Kingsley Grant

MBFH057: How To Build A Business On The Side When There’s No Time with Kingsley Grant

Update: 2018-06-19
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✅ Here’s a summary of what was discussed in this coaching/feedback episode:

 

  1. Breaking down the project into smaller tasks
  2. Doing a time analysis
  3. 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.

    • 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.

    • 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.

    • 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

  • 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.

Blog post Article:

www.startabusinessonlinefromhome.com/057

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MBFH057: How To Build A Business On The Side When There’s No Time with Kingsley Grant

MBFH057: How To Build A Business On The Side When There’s No Time with Kingsley Grant

Kingsley Grant