Take Control of Your Retirement (Without Quitting Your Job)
Today, I want to talk to you about a common misconception that people have about life and work:
They think that just because they have a full-time job, they can’t be a business owner.
Based on my first-hand experience building Retirement Rehab while working full-time as a senior executive, I can assure you that this couldn’t be further from the truth.
You CAN be an outstanding employee and still have time to build an online business on the side. In fact, that’s one of the most popular strategies we teach for extending your career runway and financing the retirement lifestyle you’ve always dreamed of.
In this episode, we’ll dive deeper into the “why” and “how” of simultaneously being a high-performing employee and a successful business owner.
Here’s what we covered during our discussion:
The Commitments and Choices You’ll Have to Make
We’re all given the same 24-hours each day – it’s how we spend them that makes the difference. If you’re going to honor your promise to your employer, that only leaves about 8 hours per day where you aren’t sleeping or working.
So, you’re going to have to sacrifice some recreational activities and stay disciplined to your long-term goal of being a business owner. We talk about some of the ways to do that without burning out.
Overcoming Common Objections
There are a handful of objections that are almost universally cited by people who want to start a side business, but are on the fence:
Time and Energy
Lack of Technical Skills
Lack of Business Acumen
In this episode, we systematically debunk the myths around each of these objections and equip you with strategies for going around, over, or through the roadblocks that might be holding you back from getting started.
Strategies for Balancing Your Time and Energy
We’ll also dive deeper into my personal strategies for managing time and energy in a way that lets you simultaneously make progress at the office and at home.
You’ll walk away with strategies to get more value out of each day by doing things like segmenting roles and responsibilities, bucketing similar tasks, outsourcing low-value activities, and scaling your efforts up or down as needed.
You Don’t Have to Be Perfect, You Just Have to Get Started
There are a lot of things that can hold you back from starting your side business, but one of the most commonly cited (and least justified) excuses is “I don’t know anything about starting or running a business.”
There is a common misconception that you have to have all of the answers on Day 1. The truth is, most people are just figuring things out as they go, and the primary difference between successful business owners and wantrepreneurs is simply that – taking action.
When you’re just starting out, you will probably make a mistake every day – and that’s okay! You’ll learn from the experience and be a better business owner because of it.
You can go as slow or as fast as you’d like. But, if you want to accelerate your growth, you should join a community of like-minded individuals like the one we have at Retirement Rehab so that you can learn from peers who have “been there, done that.”
References and Resources:
Professional Website Investors