Many passive income or side business opportunities fail mostly because the business owner cannot find enough time from their main business to commit to their side business. We don’t want that to happen to your other income streams, do we?
Whether you dream to build a side-business outside your job, you want to pursue your dream career so you can eventually turn it into a full-time business or you just want to make extra income so you can pay off your debts, or finally afford a new house, you are going to need time.
Since we all have the same 24 hours in a day and you cannot resign from your job because you need the income to keep things going until your business matures to profitability, you will need to create more time for yourself so you can build your own business.
This post will help you reorganize your daily routines so you can create some precious time which you will devote to your side business.
The first thing you want to do is to re-arrange your priorities so that you know what to take out of your daily activities and what to include to accommodate your new business.
As you start your new side-business, you are taking on more responsibilities and tasks. This is usually a life-changing process because many things about your daily life and tasks will change for good. You need to plan for this change so it does not overwhelm you when it happens.
Your main income source will need your time and attention so that it does not crumble. Your new business will require your time and attention to thrive. You must not focus on one at the cost of the other.
You can use any of the time management tools like Any.do or Asana to better organize your day. This way you can follow and carry out the tasks that are more important to you before the random activities take over your day.
Another tip I have found most useful is to plan your day well ahead of time. Before you go to bed, break down the next day into smaller tasks you hope to carry out. This will give you a sense of purpose. It will also keep both your main business and side business clearly in focus so that one does not derail the other.
Wake Up Early or Sleep Late
This is one of the best ways to buy yourself more time; you will have to give up some hours of your zzz time. When I started my first blog I knew I needed to write a lot, and to write a lot needed that I gave myself some hours of focus time.
I shifted my routine so that I could sleep early and wake up early. Because I knew I spent most of my night-time on social media and television, I had to give that up, sleep early and wake up from 3am to work on my blog.
It’s a plan that has worked very well for me and still continues to work.
If you wake up by 5:00am, you are one hour more ahead than when you wake up by 6. If you are a night person, you can choose to work late at night if that is okay by you. Either way, you are saving time and using it to build a side business.
Reduce social media involvement
Social media, especially Facebook, is a notorious time waster if not properly managed. We (you and I) dedicate a lot of our time on social media, and if you are looking to save time to build a side business, then you must reduce the time you spend on social media.
This is unless, of course, your social media activities adds some income to your bank statement. If all you do on social media is to gist and laugh, then I strongly recommend you cut down on your social media involvement.
One way to do this is to delete social media apps from your phone. This way, you can map out some minutes of your day to check your social media accounts using your computer. You can do this when you wind down for the day or add it to your preliminary morning activities.
This includes checking your emails. One of the best things you can do for yourself is to not respond to emails the minute the come, unless they are very urgent.
No doubt social media plays a very important role in our life as well as in business. But, if the time you spend on social media is not of any benefit to your side business, you should reconsider it.
If you must chat on social media, it should be a productive one or better still, you should place a limit to the time spent so you can save time for other more important tasks.
Except you are using social media to connect with a business partner, pitching a client, or seeking information, you should discipline yourself with the time you spend on social media if you must save time to build a side business.
Outsource time-consuming tasks
There are some tasks you should not engage yourself with—time consuming tasks. Any task you know that will drain much of your time should be outsourced so you can focus on more important ones.
Building any business is all about focus. As much as it can be painful to pay for the task, it could be in your best interest to let other people handle it so you can focus on the more important parts of your businesses.
Make use of your spare time
You can use your lunch break to promote your business on social media or call a client.
The time you spend inside the bus, plane or train can be used effectively to do a task that is related to your side business. Never fail to make use of your free time.
I hope these tips work out for you. If you have any thoughts about the post and would love to share, please use the comment box below.
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