It has officially been one month since I quit my job to work on my online businesses. Over this past month I’ve had some revelations.
Has quitting my job to work from home turned out quite like I expected? Yes and no.
While it has been wonderful to work on the things I really enjoy there have been some down sides too. Everything is not going exactly how I planned. Luckily, I am able to admit my flaws so that I can work on a plan to fix them.
Here’s what I’ve come to realize over this past month of working from home:
It’s Not How Many Hours You Work It’s How You Use Those Hours
I decided from the get go that I was going to set office hours for myself. To be specific 9-5, just like I was working at my prior job. I thought with this much time to commit that I’d be better able to meet all my blogging and writing goals.
While I have had no problem getting the things that really need to be done completed I haven’t been doing much more.
Before I quit my job I’d usually get up an hour earlier to read and comment on other blogs. This is something that I really enjoy doing and also something that can completely consume my time. Since I no longer have that one hour limit on me before I have to rush out to work I am spending way too much time doing this.
While I do think it’s important to continue my relationships with existing bloggers and build new ones, this task should not be taking up the majority of my time. In reality, commenting on other blogs is probably one of the least beneficial things I can be doing right now.
New Plan: Make a list every morning of the things that I have to do and the things I need to do to push me closer to my goals. Complete everything on this list before reading and commenting on other blogs. This way I’ve done the most important tasks first and I’ll feel accomplished each day.
You Need Motivation to Earn More Money
When I was working the day job I had some serious motivation to work hard on my online businesses. I really, really wanted to quit my job. I knew that I would need $2,000 a month to pay the bills and cover self-employment taxes.
At one point I did have to work really hard to earn that $2,000. Now I’ve set the path to where that $2,000 comes pretty easily. I’ve established writing jobs and worked on my blog hard enough that I can just kind of sit back and that $2,000 comes to me. And, that’s likely all I’ll earn this month even though I know if I pushed myself that number could’ve been higher.
Even though I have spent a good bit of time working on my online stuff I’ve been concentrating too much on those low value tasks that don’t really bring me much reward. This has to stop.
New Plan: I’ve been implementing the Eat That Frog method listed above of doing the most critical and least fun things first in the day. I have done this for a solid week now and am already starting to see some improvement. However, since I am no longer working my butt off to escape a job I don’t like, I need some more motivation.
My new motivation is saving up to buy an investment property. I desperately want to try and flip a house again. I keep seeing all of these amazing foreclosure deals in my area but at this point it’d be too risky for me. It may take some time but I will put everything toward the purchase of an investment home. Motivation!
In a nutshell working for yourself is nice but it comes with its fair share of struggles. Going forward on I’ll be working for myself just like I would for an employer.
Here’s my to-do list from here on out:
- Work on this blog and Defeat Our Debt
- Find more writing jobs. Need a writer? Hire me
- Save for an investment property
- Utilize my time well by working on high value tasks
Wish me luck!
Have you discovered any great ways to use your time more efficiently? What motivates you to build your own side business?