So you are thinking about running a side gig alongside your full-time job? You are not alone!
I mentor and advise early stage entrepreneurs and many of them start businesses whilst still employed and grow this in their spare time until the business generates enough money to let them quit their jobs.
Last year, I worked with two entrepreneurs who just launched a business selling guacamole dips (whilst still holding down full-time jobs); now their products are on the shelves of Ocado and Sainsbury’s. It is a sensible strategy to start a business whilst still earning an income. But there is a danger that your side project ends up being a side project for a very long time.
Here are my best tips to avoid falling into that trap:
#1 – Prioritize your schedule
This is the most important step to take you through a successful journey. From the moment you step out bed to nightfall, every second must count. Start out by listing the activities for the day. Then, pay close attention to your energy levels throughout the day. Your energy levels encompass your problem areas and the opportunities to accomplish your tasks.
For instance, everyone knows how difficult it is to accomplish tasks after a stressful day of work. Thus, you must include breaks. Another method is to check out the workdays with a lighter workload during which you can go about your side gig. More so, morning hours are great periods to focus on your side business. In this case, check out the best schedules that allow some good sleep so that you can wake up early to tidy some work before you hit the office.
#2 – What are your micro-goals?
Upon crossing out the first step, you must schedule your micro goals. The commonest mistake you will make as an entrepreneur is to list your goals by virtue of the bigger picture. An example of looking at the bigger picture is to which to finish all marketing tasks. Stop it! As cliché as this may sound, it is best to list small goals that require minimal time to accomplish. The key goals are less bulky and quicker to complete. Consequently, you will have a growing progress meter that gives you a sense of accomplishment. For instance, upload three product descriptions on the website.
Moreover, always envision the small goals and be certain that they can be completed in one or two hours.
#3 – Maximize your energy levels
The best time management practice is to maximize your motivational bursts. Without a doubt, there will be times when you will feel a combination of excitement and low moods. Whenever you feel specific bursts of motivation, you must maximize your feeling so that you increase your productivity.
A strong predictor of your performance is intrinsic motivation.2 Subsequently, you will have a better performance index when you feel a surge of motivation.
#4 – Take advantage of weekends
You have to make good use of regular days when you don’t have to be at work such as weekends. Non-working days add an element of predictability to your schedule. Thus, you will enjoy such recurring off-work days by concentrating some more on your side business. However, don’t make the mistake of choking yourself up with tasks. Spend some time to unwind and relax after a tough day in good time.
#5 – Learn to delegate tasks
The act of delegation helps you maximize your time during the day. As a business owner, you shouldn’t try to handle every task yourself. Learn the art of delegation so that you may be more productive and effective in your business.
Time management involves a wealth of planning as a side hustler. Since you have a clearer image of managing your time, maximize your routines, work in your free time, and make out a good time to concentrate on your side hustle. Right from the start, you must understand your commitments and the amount of energy you can put in your business, by doing things right, you can work on the business with more confidence without distractions or worrying about missed opportunities.