Podcasts Business 48 Days to the Work You Love Internet Radio Show Grow your business with only 15 hours a week

Grow your business with only 15 hours a week

Published: Feb. 3, 2017, 6 p.m.

Can I really grow a business with only 15 hours a week?\xa0 It seems every week I\u2019m asked about that question \u2013 and the answer is a resounding Yes!\xa0 But you have to devote time to each of four critical areas.\xa0 Otherwise you may just learn more but never really develop a \u201cbusiness.\u201d \xa0Or you may create a \u201cjob\u201d for yourself without ever getting closer to having a business.\xa0 In this episode I explain the four areas that need attention and give you a formula for how many hours to spend in each area with those 15 hours.

  1. I have a 7&8 year-old that also need resets from time to time and I\u2019ve been struggling to find positive audio that\u2019s understandable for them at this age.
  2. In working with my wife I have learned that she is the dreamer and I am the \u201crealist.\u201d
  3. I made out a list of 30-40 business ideas, what\u2019s the process for narrowing those down and ultimately landing on one to pursue?
  4. Can I really grow a business with only 15 hours a week?

\u201cListen to your wife\u2019s dreams \u2013 because if you don\u2019t, someone else will.\u201d\xa0 Rob Lowe \u2013 host of the Giving Back Podcast [Tweet This]

\xa0 Show Notes: Episode \u2013 02-03-17

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Summary:

In this episode, Dan Miller explains how you can Grow Your Business with only 15 hours a week as he shares the top 4 things you have to do to make that happen. He also reminds us of the difference between working IN your business as opposed to ON your business when it comes to growing a business that makes money even when you\u2019re not around. Listen to success stories and questions about pursuing the one idea you truly believe in.

Sponsored By:

Go to audible.com/48Days and get a free audio of The Millionaire Real Estate Agent: It\u2019s Not About the Money\u2026It\u2019s About Being the Best You Can Be!

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FreshBooks is offering a 30 day, unrestricted free trial to my listeners. To claim it, just go to https://www.freshbooks.com/48days\xa0\xa0\xa0

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Time Stamped Show Notes:

  • 01:27 \u2013 Preview of Today\u2019s Show on Grow your business with only 15 hours a week
    • I have a 7&8 year-old that also need resets from time to time and I\u2019ve been struggling to find positive audio that\u2019s understandable for them at this age.
    • In working with my wife I have learned that she is the dreamer and I am the \u201crealist.\u201d
    • I made out a list of 30-40 business ideas, what\u2019s the process for narrowing those down and ultimately landing on one to pursue?
    • Can I really grow a business with only 15 hours a week?
    • \u201cListen to your wife\u2019s dreams \u2013 because if you don\u2019t, someone else will.\u201d Rob Lowe \u2013 host of the Giving Back Podcast
  • 03:15 \u2013 Dan mentions how Super Bowl Fox is charging $5M per 30-second commercial slot
    • 03:51 \u2013 10 years ago, the price was $2.5M
    • 04:00 \u2013 Craft Heinz will not have ads in the Super Bowl this year, but will give their salaried employees a day off after Sunday Super Bowl
  • 05:23 \u2013 FreshBooks is offering a 30 day, unrestricted free trial to my listeners. To claim it, just go to https://www.freshbooks.com/48days
  • 06:38 \u2013 Dan talks about goals for the year
    • 06:56 \u2013 Did you achieve 1/12 of your goals for the year?
    • 07:08 \u2013 It came back to Dan that he didn\u2019t meet his 1/12 goal
    • 07:13 \u2013 They talked this over in his mastermind
    • 07:16 \u2013 Michael McGreevy shared a \u201cweekly wrap up\u201d that worked for himself
    • 07:28 \u2013 4 Questions: obstacles faced, successes and main cause, I\u2019m thankful for, and what I learned
    • 07:44 \u2013 This was posted in the new 48 Days Eagles site
  • 08:14 \u2013 Josh asks, Do you know someone who excels in communication skills and offers a podcast centering on effective communications as a topic of discussion?
  • 08:48 \u2013 Brent says, I have a 7&8 year-old that also need resets from time to time and I\u2019ve been struggling to find positive audio that\u2019s understandable for them at this age
    • 09:07 \u2013 Dan recommends listening to Zig Ziglar because his materials are timeless
    • 09:33 \u2013 Go to com/48Days and get a free audio of Zig Ziglar\u2019s See You at the Top!
    • 10:28 \u2013 Dan plays a clip from Zig Ziglar\u2019s Flea Training
    • 12:20 \u2013 \u201cYou are susceptible to the negative influence of other people\u201d
    • 12:50 \u2013 Dan mentions Zig\u2019s story about the pump
    • 14:15 \u2013 Dan tells the story of The Balloon Salesman
  • 16:01 \u2013 Jonathan says, In working with my wife I have learned that she is the dreamer and I am the \u201crealist\u201d
    • 16:18 \u2013 They\u2019re selling cards to give to others with a positive, encouraging, word of love
    • 16:27 \u2013 They want to promote the simplicity of spreading love and some of the proceeds will support Water for Africa
    • 16:44 \u2013 Jonathan seeks for feedback
    • 16:53 \u2013 Their website is Loves Proclamation \u2013 Dan asks you, the listeners, to share your ideas on the website
    • 17:34 \u2013 As much as Dan loves the idea, he would amazed if they could make the business a money-making venture
    • 18:12 \u2013 Dan thinks it would be a hard to turn the business around
    • 18:32 \u2013 Dan recalls last week\u2019s episode with John Lee Dumas\u2019 The Mastery Journal and his pledge to Pencils of Promise
    • 19:18 \u2013 \u201cYou have to have something that stands alone as a business before you decide whatever it is that you want to do with the profits\u201d
  • 19:37 \u2013 Craig says, I made out a list of 30-40 business ideas, what\u2019s the process for narrowing those down and ultimately landing on one to pursue?
    • 19:55 \u2013 It\u2019s a lot easier starting with a ton of ideas and narrowing it down than having just one idea you can\u2019t let go of
    • 20:08 \u2013 Use a filter based on what you know about yourself
    • 20:14 \u2013 85% of choosing which idea to pursue comes from knowing your skills, your personality, and values, dreams and passions
    • 20:50 \u2013 Does the idea fit you?
    • 21:00 \u2013 Dan gives examples of businesses you can do
  • 22:12 \u2013 Donna says, \u201cOnce I saw here 3 particular resources that I can\u2019t locate again (jobs for kids, buying & selling books, and list of work created by the community)\u201d
  • 25:40 \u2013 Andrew says, \u201cI\u2019m wanting to start a business where I\u2019m selling unique backyard playhouses\u201d
    • 26:02 \u2013 Andrew is asking for a game plan to get this started
    • 27:25 \u2013 Have one playhouse on display
    • 28:08 \u2013 Have one permanently displayed on a heavily trafficked road
    • 28:56 \u2013 It\u2019s the same as sports cars
    • 29:07 \u2013 Talk to people to have your playhouse displayed \u2013 you need visibility
    • 29:40 \u2013 Dan talks about his distant cousin who sells arbors
    • 30:14 \u2013 Andrew also has the option to sell plans rather than doing the construction himself
  • 32:04 \u2013 Susan asks, \u201cDo you have any advice or encouragement for stay-at-home-moms like me?\u201d
    • 32:41 \u2013 Susan wants to keep her family #1
    • 32:58 \u2013 \u201cYou have to have some margin in your life\u201d
    • 33:24 \u2013 You have to find 10-15 hours per week
    • 35:00 \u2013 You can make massive progress in 3-6 months with 15 hours per week IF you invest those hours in 4 areas: 3 hours reading/studying, 5 hours creating content, 4 hours working with clients, 3 hours marketing effort
    • 36:19 \u2013 \u201cPeople get trapped into thinking that learning new knowledge is building a business\u201d
    • 37:00 \u2013 Another trap is just working with clients or customers
    • 39:06 \u2013 If you spend too much time with your customers, you might find yourself starting over again
    • 39:28 \u2013 Having a business implies money comes in even if you\u2019re not there
    • 39:39 \u2013 Dan tells us about Rich Dad, Poor Dad by Robert Kiyosaki that talks about 4 quadrants
    • 42:04 \u2013 Working in the business vs. working on the business
    • 42:36 \u2013 It\u2019s important to understand how to do business
    • 43:43 \u2013 Have something on the side
  • 44:03 \u2013 To ask Dan a question for the podcast \u2013\xa0AskDan
  • 45:05 \u2013 Innovate \u2013 May 11-12, 2017
  • 45:43 \u2013 Coaching with Excellence \u2013 May 25-26, August 31-Sept 1, 2017
  • 45:47 \u2013 The new 48 Days Eagles site \u2013 This is the best place for moving your career forward
  • 46:30 \u2013 Dan closes today\u2019s podcast

3 Key Points:

  1. Check into your goals from time-to-time and measure your own progress.
  2. Have a solid business, first, before you think about what you want to do with the profits.
  3. Understand the difference between working IN a business and working ON a business and move towards the latter.

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Resources Mentioned:

Credits:

  • Show Notes provided by Mallard Creatives

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