It has been one year since I left the day job and pursued my online business activities full time.
I wrote a very in depth post on how I got to the point of quitting my day job – http://authoritywebsiteincome.com/quit-my-job/
This post is going to cover…
I will break the results down into 3 parts…
I had 2 MAIN reasons for quitting…
Results after 1 year – I have without a doubt massively increased the amount of time I get to spend with my family since leaving the day job. Now being home routinely between 3:30 & 4:00 vs 6:30 (on good days) we are able to do an outing almost every day depending on the season (beach, hike, bike or skiing). Plus flexibility to take time off for activities whenever it makes sense for the family. I do believe I still work too much to have a proper balance on the health side and see opportunities for improvement here.
Overall both of the main reasons I wanted to leave my day job to pursue my online business full time have been moving in the right direction. I am especially proud of the amount of time I get to spend with my family.
“enjoying” working online full time is certainly great but how have the businesses results been? They have been solid, hitting my stretch targets (barely) and having a lot of success with a few new projects.
I had been working insane hours (80+ combined day and online job) and pushing myself VERY hard in the couple years before I left the day job. I had some concerns that the loosening of my schedule and the loss of a single clear goal would negatively impact my business. Here are my thoughts on the results…
Here are the major changes I have done over the last year…
I can say with certainty that leaving my day job was a great decision for my family and so far 1 year out my pocket book as well.
However, the fears I had around getting soft and not having a crystal clear goal I don’t think I have sufficiently mitigated. But overall I am extremely grateful for the world we live in where running this type of business is possible. The ability to both throw myself at a business and not sacrfice time with my family is pretty amazing I am extremely grateful for that!
If you are working towards a similar goal please know it is possible and can be done faster then it took me 7years to reach. BUT… it is not easy… I want to stress that it took me 7+years from when I first started and ~3 years after I got serious about building my business to hit the numbers I needed to hit. Good luck to anyone looking to do the same!
This post is about a handful of rules I have tried to adopt when evaluating new opportunities. I don’t want to “fight” the bright shiny object syndrome as many new ideas are worth pursuing but this post is about how to “control” the urge to start too many different things!
Chasing the bright shiny object is a big part of what I do but I can’t endlessly pursue every exciting opportunity.
So this post is about a handful of tricks I use to try and determine if an idea is worth pursuing or not.
First Step is Admitting We Are Not Rational! In a perfect world I would put each new project on a list and use some calculation of NPV or IRR and determine the priority of the project. However, my brain is not that rational… the emotional side will skew the assumptions to the point that these calculations will turn into highly precise but inaccurate BS so I have made a handful of rules that try to trick/use my emotional brain to come up with an efficient way to get to the right decision on pursuing an opportunity or not!Continue reading
Like most of us with an entrepreneurial leaning I enjoy listening to a lot of audiobooks and podcasts related to business and self-improvement.
There is one recurring message from wildly successful people and many success guru’s… FOCUS!
In this post I am going to argue why I don’t think the focus on a single business is the optimal strategy for many. It may be the right strategy for some but based on my goals (and depending on yours) I don’t think it is the right strategy for everyone. Continue reading
The day I forgot my sons name was a wakeup call that my work/life balance, or whatever you want to call it, was seriously out of whack!
It was a few years ago and during one of my VERY busy times at my previous day job (80+hrs/week for 2 months) my wife was 3 weeks from her due date with our first child and I was hoping to be done the project that had me busy before she popped.
We were woken up very early that it was go-time and baby was not waiting for 3 weeks and was on its way now.
It was an incredibly exciting day having our first child born! Even during that day there was still time I put into the day job with calls from work needed to keep the project moving in the field.
Doing a little work in the delivery room wasn’t the embarrassing part (although it should have been) the embarrassing moment/wake up call came the next day…
Everyone was doing well and I was heading back in to work with the intent of getting some critical information handed over to the team, grabbing my computer and heading back home to spend a couple days with my wife and son.
My plan was to slip into work quickly get done what was needed and get out.
However, as I rounded a corner several of the ladies on my floor swarmed asking questions, I got most of them…
“yes everyone is doing well”
What is his name….
(oh crap – I draw a blank!)
So feebly I say…
“we haven’t named him yet”
A blatant lie, maybe it was the lack of sleep, maybe it was my wife convincing me she thought we were having a girl or maybe my mind being focused on the 10 critical things I wanted to get done quickly before getting home. But regardless of my weak excuses the fact is that in the first 24hrs of parenthood I had a serious parenting fail!
Reflecting on it shortly after it was clear that for me to be the parent I wanted to be devoting as much mental energy as I was to my day job would always leave me with less capacity then I wanted/needed for my family!
It is tough to say when the idea of working for myself running an online business became more than an idea and turned into an obsession but I think this point is likely as good any!
So ~3 years later I quit and am now running my online business full time. (full story here)
It didn’t happen overnight and took many years of working the schedule outlined below but the goal was achieved…
Below is a side by side comparison of my schedule when I had my day job and now when I am working online full time.
I still work a lot of hrs but I am able to shift a good chunk of hours to spending time with my family in the afternoon to do fun activities!
Breaking down the hours by activity this is the result…
I don’t intend to say that my current schedule is better than my previous one for everyone or even that my current schedule is ideal for people. Many people would still think I work too much and don’t have enough fun/socialize time in there but for me the ability to have the freedom to design the schedule that is best for my family and me is a very clear improvement in quality of life!
If you are working towards a similar goal hopefully this post shows the level of effort that needs to be sustained and for how long to give you an idea that it won’t be easy but it is possible!
As I have talked about I recently left my day job and started working from an office on my online business full time.
With my new schedule I have tried to make myself as productive as possible.
This (intentionally short) post is the 3 keys I have found to ensuring I have a productive day…