Everyone wants to pursue a side hustle because of its promises of long-term passive income.
But things don’t just start there – no one launches a side hustle and immediately gets extra money right away.
It takes time to develop a side hustle. And then it requires strategic and calculated time to manage a side hustle.
So how does one learn how to do it effectively? Here are tested time management tips for staritng and sustaining your side hustle.
Step 1: Understand How Much Time You Really Have in a Single Day
Short answer: You have 24 hours in a single day.
Long answer: Not really.
6 to 8 of those hours are devoted to sleeping. Let’s say an average of 7 hours.
That leaves you with 17 available hours.
If you live in the city, you probably need to commute to your full-time job. So that’s about an hour each way.
That leaves you with 15 hours.
And then, of course, is the time you spend during your full-time job. That’s about 8 to 10 hours of your day depending on the constraints of the job. Let’s give it an average of 9 hours.
That leaves you with 6 hours.
Then there’s 1 hour for the gym and 1 hour for dinner (ideally with your family and/or significant other). Maybe add another half an hour for lead time just in case.
That leaves you with 3.5 hours.
If you want to not lose your significant other (after all, we want you to be rich but even more so we want you to happy), then you have to put in at least 1 hour per day towards your loved one.
That leaves you with 2.5 hours.
2.5 hours to do all the things you want to do in your day solely about you and your aspirations. Obviously it’s not a good amount of time. You can probably do just a few things in that time frame.
This is why guys like Gary Vaynerchuk chastise “wannabe entrepreneurs” who claim they don’t have enough time to work on their businesses, and they yet watch Netflix and binge watch Game of Thrones during their free time.
Do you realize that one Game of Thrones episode is literally one hour long? That means out of the 2.5 free hours you have in your day, 1 hour goes to watching TV? Now look, there’s nothing wrong with escapism. But there is something wrong with it if you swear to the idea of starting a business that requires your full 2.5 hours.
You have no time to mess around. You have to be ruthless. You have to focus and concentrate.
And you need time in order to do that.
So let’s say you’re in. Let’s say you’ve blocked out 2.5 hours each day to your making some money on the side. Now what? What do you choose? What do you do with that time to make sure that whatever you commit to will lead to the most amount of ROI? This leads us into our second step.
Step 2: Organize Your Time With Objective Thinking
Who would’ve thought that the hardest part about time management in 2019 would be that we have too many options.
Want to see a movie tonight? There’s an app for that.
Want to go to the city and book a cheap hotel? There’s an app for that.
Now there’s an app for everything, and in many justifiable ways there’s plenty of things we could do during any night or weekend (i.e., free time, away from our full-time jobs).
If we’re not careful, we’ll never pursue that side hustle idea we’ve been pondering for months or even years.
In order to do this we must create a force field around our side hustles from external distractions (e.g., friends, social media telling us everyone’s happy with better lives than ours) as well as internal blockers (e.g., doubt, laziness, stress, exhaustion from our full-time jobs).
The best way to accomplish this goal is by being objective with your decisions.
It’s kind of like the concept that if you don’t decide your career, someone will do it for you. The same applies to time management. If you don’t control your time, someone will control it for you.
But the tricky part is this: that “someone” is really your worst self.
It’s the version of you that gives into external distractions, like being influenced by less ambitious friends; it’s the version of you that allows internal blockers to slow you down, like
Objective Thinking Towards External Distractions
|Distraction||Subjective Thinking||Objective Thinking|
|FOMO from not hanging out with friends||“I don’t want to feel left out.”||“I’m okay with feeling left out because there will always be time to hang out with friends; there won’t always be time to start a business, so I’ll stick with my side hustle this weekend.”|
|Social media making you feel relatively deprived||“People on social media who are succeeding are better than me and have something I don’t.”||“Look, I’m aware all of social media is a game. People are just trying to win it. I’m going to limit my social media activity to 20 minutes to a) save me time, and b) make sure I don’t get caught up in the social media self-loathing rabbit hole.”|
|People with similar ideas doing better than you||“There’s no point in starting this side hustle; too many people beat me to it.”||“I don’t care if there are people who are ahead of me. I don’t care if their idea is similar to mine. If I take my time, and strategize long and smart enough, I’ll find a path to success – and that’s all that matters.”|
Objective Thinking Towards Internal Blocker
|FOMO from not hanging out with friends||Understanding that there will always be time to hang out with friends; there won’t always be time to start a business|
Step 3: Use Time Management Apps to Your Benefit
Be Focused Timer
Loop – Habit Tracker
Remember The Milk