Grow your business with only 15 hours a week

Can I really grow a business with only 15 hours a week?  It seems every week I’m asked about that question – and the answer is a resounding Yes!  But you have to devote time to each of four critical areas.  Otherwise you may just learn more but never really develop a “business.”  Or you may create a “job” for yourself without ever getting closer to having a business.  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. I have a 7&8 year-old that also need resets from time to time and I’ve been struggling to find positive audio that’s understandable for them at this age. In working with my wife I have learned that she is the dreamer and I am the “realist.” I made out a list of 30-40 business ideas, what’s 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? “Listen to your wife’s dreams – because if you don’t, someone else will.”  Rob Lowe – host of the Giving Back Podcast [Tweet This]   Show Notes: Episode – 02-03-17 Title: N/A Subtitle: N/A 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’re 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’s Not About the Money…It’s About Being the Best You Can Be!   FreshBooks is offering a 30 day, unrestricted free trial to my listeners. To claim it, just go to https://www.freshbooks.com/48days      Time Stamped Show Notes: 01:27 – Preview of Today’s 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’ve been struggling to find positive audio that’s understandable for them at this age. In working with my wife I have learned that she is the dreamer and I am the “realist.” I made out a list of 30-40 business ideas, what’s 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? “Listen to your wife’s dreams – because if you don’t, someone else will.” Rob Lowe – host of the Giving Back Podcast 03:15 – Dan mentions how Super Bowl Fox is charging $5M per 30-second commercial slot 03:51 – 10 years ago, the price was $2.5M 04:00 – 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 – 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 – Dan talks about goals for the year 06:56 – Did you achieve 1/12 of your goals for the year? 07:08 – It came back to Dan that he didn’t meet his 1/12 goal 07:13 – They talked this over in his mastermind 07:16 – Michael McGreevy shared a “weekly wrap up” that worked for himself 07:28 – 4 Questions: obstacles faced, successes and main cause, I’m thankful for, and what I learned 07:44 – This was posted in the new 48 Days Eagles site 08:14 – Josh asks, Do you know someone who excels in communication skills and offers a podcast centering on effective communications as a topic of discussion? 08:25 – Dan suggests Ken Davis’ podcast, Dynamic Communicators 08:48 – Brent says, I have a 7&8 year-old that also need resets from time to time and I’ve been struggling to find positive audio that’s understandable for them at this age 09:07 – Dan recommends listening to Zig Ziglar because his materials are timeless 09:33 – Go to com/48Days and get a free audio of Zig Ziglar’s See You at the Top! 10:28 – Dan plays a clip from Zig Ziglar’s Flea Training 12:20 – “You are susceptible to the negative influence of other people” 12:50 – Dan mentions Zig’s story about the pump 14:15 – Dan tells the story of The Balloon Salesman 16:01 – Jonathan says, In working with my wife I have learned that she is the dreamer and I am the “realist” 16:18 – They’re selling cards to give to others with a positive, encouraging, word of love 16:27 – They want to promote the simplicity of spreading love and some of the proceeds will support Water for Africa 16:44 – Jonathan seeks for feedback 16:53 – Their website is Loves Proclamation – Dan asks you, the listeners, to share your ideas on the website 17:34 – As much as Dan loves the idea, he would amazed if they could make the business a money-making venture 18:12 – Dan thinks it would be a hard to turn the business around 18:32 – Dan recalls last week’s episode with John Lee Dumas’ The Mastery Journal and his pledge to Pencils of Promise 19:18 – “You have to have something that stands alone as a business before you decide whatever it is that you want to do with the profits” 19:37 – Craig says, I made out a list of 30-40 business ideas, what’s the process for narrowing those down and ultimately landing on one to pursue? 19:55 – It’s a lot easier starting with a ton of ideas and narrowing it down than having just one idea you can’t let go of 20:08 – Use a filter based on what you know about yourself 20:14 – 85% of choosing which idea to pursue comes from knowing your skills, your personality, and values, dreams and passions 20:50 – Does the idea fit you? 21:00 – Dan gives examples of businesses you can do 22:12 – Donna says, “Once I saw here 3 particular resources that I can’t locate again (jobs for kids, buying & selling books, and list of work created by the community)” 22:55 – Dan does not have a system in place for keeping track of resources 23:12 – Jobs for kids: Raising Creative and Entrepreneurial Kids – podcast 23:54 – Buying & selling books: Greg Murphy – https://sevenfigurebooksales.com/home/ 24:36 – From the community: Stories from the 48 Days community 25:12 – Dan’s 48 Low or NO-Cost Business Ideas 25:40 – Andrew says, “I’m wanting to start a business where I’m selling unique backyard playhouses” 26:02 – Andrew is asking for a game plan to get this started 27:25 – Have one playhouse on display 28:08 – Have one permanently displayed on a heavily trafficked road 28:56 – It’s the same as sports cars 29:07 – Talk to people to have your playhouse displayed – you need visibility 29:40 – Dan talks about his distant cousin who sells arbors 30:14 – Andrew also has the option to sell plans rather than doing the construction himself 32:04 – Susan asks, “Do you have any advice or encouragement for stay-at-home-moms like me?” 32:41 – Susan wants to keep her family #1 32:58 – “You have to have some margin in your life” 33:24 – You have to find 10-15 hours per week 35:00 – 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 – “People get trapped into thinking that learning new knowledge is building a business” 37:00 – Another trap is just working with clients or customers 39:06 – If you spend too much time with your customers, you might find yourself starting over again 39:28 – Having a business implies money comes in even if you’re not there 39:39 – Dan tells us about Rich Dad, Poor Dad by Robert Kiyosaki that talks about 4 quadrants 42:04 – Working in the business vs. working on the business 42:36 – It’s important to understand how to do business 43:43 – Have something on the side 44:03 – To ask Dan a question for the podcast – AskDan 45:05 – Innovate – May 11-12, 2017 45:43 – Coaching with Excellence – May 25-26, August 31-Sept 1, 2017 45:47 – The new 48 Days Eagles site – This is the best place for moving your career forward 46:30 – Dan closes today’s podcast 3 Key Points: Check into your goals from time-to-time and measure your own progress. Have a solid business, first, before you think about what you want to do with the profits. Understand the difference between working IN a business and working ON a business and move towards the latter.   Resources Mentioned: Raising Creative and Entrepreneurial Kids – podcast Greg Murphy – https://sevenfigurebooksales.com/home/ Stories from the 48 Days community Dan’s 48 Low or N0-Cost Business Ideas To ask Dan a question for the podcast – AskDan The new 48 Days Eagles site – This is the best place for moving your career forward Make money and serve as a 48 Days Seminar Presenter Go to com/48Days and get a free audio of Zig Ziglar’s See You at the Top! FreshBooks is offering a 30 day, unrestricted free trial to my listeners. To claim it, just go to https://www.freshbooks.com/48days Coaching with Excellence – May 25-26, August 31-Sept 1, 2017 Innovate – May 11-12, 2017 Social Media Marketing World – March 22-24th in San Diego Credits: Show Notes provided by Mallard Creatives