How I Started a Six Figure Business with a Full Time Job
🔥Discover the secrets to juggling a full-time job and building a six-figure business from scratch!🔥 In this video, I share my journey of launching and growing a successful six-figure business while working a demanding full-time job. If you want to create a lucrative side hustle and eventually achieve financial freedom, this is the video for you! I'll break down my strategies, tips, and lessons learned, so you can follow in my footsteps and turn your dreams into reality. In this video, we'll cover the following: - The importance of passion and drive in pursuing your side hustle - How to identify a profitable business idea that aligns with your skills and interests - Tips for effectively managing your time to juggle your full-time job and - growing business - The power of networking and mentorship in achieving business success - Strategies for scaling your business and knowing when to go all-in 0:00 Intro 0:29 Identify the problem 0:49 Allocating time 2:58 Creating an MVP 3:32 Implementing micro goals 5:02 Creating theme days 6:09 Prioritize getting customers 6:40 Have a source of funds 7:32 Separate your business from your day job 7:57 Take care of your mental health WHO AM I: I'm Jose, a computer science graduate with an MBA, founder, and YouTuber in Waterloo, Ontario. I make videos about business, entrepreneurial life, technology, and productivity to help take your life and business to the next level. If you want to stay in touch: 💌 My Newsletter - http://www.joseacta.com/newsletter 📸 My Instagram - https://www.instagram.com/joseacta 💻 My Website - https://www.joseacta.com 🐥 My Twitter - https://twitter.com/joseacta If you’d like to talk, I’d love to hear from you. Tweeting @joseacta directly will be the quickest way to get a response, but if your question is very long, feel free to email me at hello@joseacta.com. Or leave a comment, I (try to) answer 100% of comments :)
How I Started a Six Figure Business with a Full Time Job
Launching a Business While Working Full-Time
In this video, the speaker shares tips on how to launch a business while working full-time. The first step is to identify a gap in the market that you can solve with your product or service. The second step is to allocate time for your project, and the third step is to create an MVP (minimum viable product) and test it in the market.
Identifying a Gap in the Market
- Look for a specific problem that you can solve with your product or service.
- Be hyper-focused on identifying a gap in the market.
Allocating Time for Your Project
- Consider working after hours, such as from 9 pm until 11 pm.
- Use weekends to work on your project.
- Take one day off per week to rest your mind.
Creating an MVP and Testing It in the Market
- Create small milestones that are achievable within a short period of time.
- Test and validate your MVP by getting feedback from customers.
Finding Time to Work on Your Side Hustle
In this section, the speaker shares tips on finding time to work on your side hustle while still working full-time.
Working After Hours
- Consider working after hours, such as from 9 pm until 11 pm.
- Give up some leisure activities like watching Netflix or playing games.
Working Early Mornings
- Wake up early, around 5 am or 6 am, and work on your project before going to work.
Sticking to Your Schedule
- Once you find a specific schedule that works for you, stick to it.
- This will create a routine that will help you achieve your goals.
Creating an MVP
In this section, the speaker explains what an MVP is and why it's important to create one when launching a business while working full-time.
What is an MVP?
- An MVP is a minimum viable product that you can sell or a small service that you can offer.
- It's important to create something small that you can quickly test in the market.
Why Create an MVP?
- Creating an MVP allows you to test and validate your idea without investing too much time or money.
- It helps you get feedback from customers and make improvements before launching a full product.
Micro Goals and Time Management
In this section, the speaker discusses the importance of setting micro goals and dedicating specific days to different tasks in order to manage time effectively.
Setting Micro Goals
- Setting micro goals helps achieve specific tasks within a given timeframe.
- Revenue goals can be set as micro goals, such as reaching $1000 in three months.
- Prioritize getting customers as the number one goal for validating business ideas.
Dedicating Specific Days to Tasks
- Assign specific days to different tasks in the business, such as marketing on Mondays, customer service on Tuesdays, selling on Wednesdays, finance on Fridays, and inventory on Thursdays.
- Prioritize getting customers over other tasks.
- Separate your 9-to-5 job from your side hustle and dedicate separate time for each.
Funding Your Business
In this section, the speaker discusses funding options for starting a business.
Starting with Some Money Input
- No business can start with zero money input.
- Allocate a specific amount of money for funding your business.
- Use some money for small ads like Facebook or Google advertising to test things out.
Separating Personal Finances from Business Finances
- Keep personal finances separate from business finances.
- Set aside money specifically for website maintenance costs or other expenses related to running the business.
Self-Care and Personal Growth
In this section, the speaker emphasizes self-care and personal growth while starting a new business.
Importance of Mental Health
- Starting a new business can be stressful; prioritize mental health by taking breaks when needed.
- Enjoy creating your dream by working on yourself and growing yourself.
- Reading is a great way to grow your business knowledge.
Conclusion
Starting a new business requires setting micro goals, dedicating specific days to tasks, funding the business, and prioritizing self-care. By following these tips, entrepreneurs can manage their time effectively and achieve success in their ventures.