This episode was inspired by a tweet we received from one of our listeners Alexa who asked, How many side hustles are too many? She has been working on a few things that she loves and was questioning if she should just focus on one and ditch the rest for now.
Both Andrew and Thomas have struggled with focusing on one project from time to time. When trying to build a business you have a lot on your plate. Staying focused can be tough with a constant stream tasks and new ideas demanding your attention.
In this episode, the guys talk about why focus is so important. They share how they get focused and deal with working on too many projects at once.
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To answer Alexas’ question, it really depends on what the goals are for these side hustles. If they are just fun activities that make you happy and keep you busy, then you can have as many as you want.
However, if you are trying to grow something that you would like to eventually turn into a money generating business you need to focus on one thing. That is only you’ll be able to get the momentum you need for it to grow. Determine which ones are hobbies and which ones are actual business ventures. Once you figure out “the one”, run with it.
WWAD (What Would Andrew Do)
If you have a few ideas for side businesses and not quite sure which one you want to pursue further, experiment with a few things until you get some results.Use the skills you have to narrow down possible fields and match your interests to something you are good at.
After a couple of months if your lemonade stand is flopping but your computer repair business is profiting then you know where to focus your attention. Giving it the time it needs will help you reach your goal of growing it into a full-time job.
“He who chases two rabbits catches none” – ConfuciusTweet This
Andrew as dabbled in my projects, side hustles, and business ideas sometimes many at once. What he has learned through his successes and failures is not to spread yourself too thin.
Giving your time and attention to many things will either result in failure, burnout or a much longer path to your ultimate goal. Getting focused on one thing and sticking with it has been the main factor in the success of LMM.
So no that you’ve figured out what you want to do, how will you stay focused on whats important? We all battle distraction and it can overwhelm us sometimes but there are plenty of ways to fight it. Whatever you are doing throughout the day should have clear value towards building your craft.
Build a system to help you achieve things every day. Choose a few tasks to complete each day and write them down. Before moving on to anything else, these must be done. Create a schedule and plan time for each task and make sure you give yourself enough time. If you schedule 60 minutes for something and it takes you longer the time crunch will stress you out.
If you haven’t created a system for getting things done, you’re likely losing a lot of productive time to inefficiency. There are many tools out there to help you out. Thomas is all about building habits so he uses Habitica, a free habit building and productivity app that treats your real life like a game.
OmniFocus and Evernote are also great for organizing tasks and making lists of actionable items.
You can also a try a “Not-To-Do List. The idea is to list all the things you are not going to go through the day to support your productivity. Avoid putting effort into things that will have little or no impact on the task at hand. Spend time on work that will show results.
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Diving headfirst into a new project can completely consume you. It is so easy to get lost in all the work, and our thoughts. Keep a journal to reflect on what you accomplished and how it measured up to your goals. This way you can see what is working for you and what isn’t.
You do not want to run 100mph in the wrong direction. Deliberately planning, reviewing and making appropriate tweaks will keep you going in the right direction. Of course most importantly, stay mentally, physically and emotionally happy. You won’t get anywhere without your health, positivity and great relationships.