Episode #128 | Lessons We’ve Learned from Running Multiple Businesses

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Episode 128 | Lessons We've Learned from Running Multiple Businesses

In today’s episode, we’re talking all about the lessons we’ve learned from running multiple businesses.

Lesson #1: It is A LOT of work!

It is a lot of worth whether or not you are doing it alone or have help, especially when you are throwing a second business into the mix.

It is easy to underestimate the amount of work it is.

Lesson #2: Don’t start another business until you feel confident in your current business.

You don’t want to divide your focus and you want to make sure you have your systems down first before you start another one.

It doesn’t mean you have to be at a certain income level before you start another business, but you need to be confident in your income and processes before you do.

Lesson #3: You have to be really strategic.

You have to be able to split your time between you two businesses and you need to make sure you still have personal time and time for family.

You don’t want to end up working #ALLTHETHINGS.

You need to be strategic with your time, marketing, money, etc.

Lesson #4: Planning is crucial.

You need to plan out launches for all businesses and try to not overlap, otherwise you will burn yourself out.

Think about what you want to get done this year and where it fits into your calendar.

Using a good project management tool, like ClickUp, is a livesaver.

Planning makes sure you don’t just work on one business and neglect the other.

Lesson #5: Outsource the tasks you don’t need to be doing.

With limited time, it is important to focus on the tasks that only you can do!

Anything else, you should outsource if you are able to afford it.

If you try to do it all, you will just burn out.

Lesson #6: You need to prioritize down time.

Downtime is more important than ever.

It is easy to get burnt out with one business, but with two business it exponentially grows!

Don’t feel bad for taking time to rest.

So tell us, what is your biggest takeaway from this episode.

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