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GuestUserX09
Guest
So, somewhere around this forum in the last 2 years are two forgotten progress threads where I became impatient and sold out of my businesses more pre-maturely than you can imagine..
A quick recap is, I've always been quick to act on an idea but execution started red hot and over a few short months became pretty much non-existent. A lot of side income has been made but it was always very inconsistent, sometimes grey hat, and always short lived. End recap.
The idea for me is that I could probably do something pretty amazing if able to give a consistent effort that maintains regardless of the day/weeks results. $0 this week, stay on it. $1,000 this week, stay on it. I am seeking consistency and discipline.
So preface: I have a day job that I actually like very much but I'd like to be able to consistently match that same income with a new business within a year or two. Purely out of the journey to self-disciplined entrepreneurship- and some wiggle room to not get so banged up by my lifestyle consumerism.
For anyone curious though, my decade stretch goal is to work but by mostly complete choice or when and how many hours I'd like and to also be closing in on 7 figures yearly and be an active philanthropist.
So strategy is: I've just signed an questionably budgeted lease at a nice apartment in the city and requested the quietest unit with no neighbors. It is also close to my day job so I can work longer hours there in exchange of avoiding traffic. (Remember, the day job is a potentially very lucrative source for me so it actually getting priority). I will be setting up a home office and am aiming to work from around 7pm-1am every weekday, and most of the day on weekends. This gives me about 30-40 hours to dedicate to this side business every week, along with 45-55 hours to my day job.
What is it? Similar to one business in the past, I am doing categorized but random online stuff. Through an LLC, my business produces websites, brand imaging, copywriting, social media management, marketing consultation. My best interest is to have all clients on monthly contracts- so far I have 1 client on a 6 month contract and another who has recently just agreed to a 6 month contract as well (however, his first month payment is late)
Any problems? Well pretty much, these two clients plus whoever comes next will pretty much use up my entire spare 30-40 hours that I have for the week, and I will be only half of my income goal, so kind of bottle-necked there. I think the plan will be to switch up for higher paying clients.
So, sounds cool and all but I've had businesses and clients in the past and totally blown it for one reason or another. The common denominator is that I either lost the effort or didn't stay disciplined to a plan. So this progress thread will update about once in a while with the week/month progress. It is also something I'm looking forward to reading back on myself. So cheers to a 2017 of focused and disciplined entrepreneurship.
A quick recap is, I've always been quick to act on an idea but execution started red hot and over a few short months became pretty much non-existent. A lot of side income has been made but it was always very inconsistent, sometimes grey hat, and always short lived. End recap.
The idea for me is that I could probably do something pretty amazing if able to give a consistent effort that maintains regardless of the day/weeks results. $0 this week, stay on it. $1,000 this week, stay on it. I am seeking consistency and discipline.
So preface: I have a day job that I actually like very much but I'd like to be able to consistently match that same income with a new business within a year or two. Purely out of the journey to self-disciplined entrepreneurship- and some wiggle room to not get so banged up by my lifestyle consumerism.
For anyone curious though, my decade stretch goal is to work but by mostly complete choice or when and how many hours I'd like and to also be closing in on 7 figures yearly and be an active philanthropist.
So strategy is: I've just signed an questionably budgeted lease at a nice apartment in the city and requested the quietest unit with no neighbors. It is also close to my day job so I can work longer hours there in exchange of avoiding traffic. (Remember, the day job is a potentially very lucrative source for me so it actually getting priority). I will be setting up a home office and am aiming to work from around 7pm-1am every weekday, and most of the day on weekends. This gives me about 30-40 hours to dedicate to this side business every week, along with 45-55 hours to my day job.
What is it? Similar to one business in the past, I am doing categorized but random online stuff. Through an LLC, my business produces websites, brand imaging, copywriting, social media management, marketing consultation. My best interest is to have all clients on monthly contracts- so far I have 1 client on a 6 month contract and another who has recently just agreed to a 6 month contract as well (however, his first month payment is late)
Any problems? Well pretty much, these two clients plus whoever comes next will pretty much use up my entire spare 30-40 hours that I have for the week, and I will be only half of my income goal, so kind of bottle-necked there. I think the plan will be to switch up for higher paying clients.
So, sounds cool and all but I've had businesses and clients in the past and totally blown it for one reason or another. The common denominator is that I either lost the effort or didn't stay disciplined to a plan. So this progress thread will update about once in a while with the week/month progress. It is also something I'm looking forward to reading back on myself. So cheers to a 2017 of focused and disciplined entrepreneurship.
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