Working 9 – 5 while having a business on the side

It’s an elusive balancing act that takes some time to master. You want / have to give 100% to your 9 to 5 employer, and you want to build something on your own on the side. I’m living proof that it’s very much possible, however it takes a serious amount of commitment. It’s a game of give-and-take. Do you watch Netflix or do you buckle down and do some bookkeeping? These are just a few of the questions you’ll ask yourself.

Here are some tips on how you can find time to build your business on the side while continuing to commit yourself to a 9 to 5:

 1) Build something online

It’s going to be extremely difficult to build something on the side that you have to attend to like a 9 to 5. That’s why e-commerce is so amazing. You can work on your site whenever you want – and the income rolls in 24-hours a day with little to no work on your behalf. Yes, there is a HUGE amount you have to put in before hand, but when it’s built – it’s a recurring income generator. If you don’t have an idea of what you can do on the side – here’s a quick guide to finding a product to sell online.

 2) Evenings and Weekends

This is your bread and butter. When your 9 to 5 stops – you put on your entrepreneur hat. This can be exhausting, so if you’ve had a tough day at your 9 to 5 – you may need to take an evening off. You don’t want your side biz to interfere and hurt your ability to work your day job. However, it can be done. You’ll have to work for it, and maybe miss out on things in your social life, but if you’re devoted to building something, and providing value to your future customers – you’ll succeed.

My wife and I both have 9 to 5 commitments, which we excel at. Then we come home, and get to our online fashion store – Ever Rose. I usually take 30 minutes to an hour in the morning to work through our social media channels – then I put my 9 to 5 hat on. In the evenings, my wife and I will fulfill orders, take product shots, edit photos, and do website maintenance. We also do our own bookkeeping using Wave.

It’s not easy knowing you won’t have a ‘day off’, but I’ve never done something that is so rewarding. Getting glowing customer reviews and having random strangers purchasing items is pretty cool.

Seth Godin, Seth Godin quote

 3) Have a Calendar

This is uber important. You need to keep track of what you’re going to do. The best way to do this is to have your 9 to 5 calendar as well as your side business calendar. I literally put everything into calendars. My wife makes fun of me because I always say, “If it’s not in my calendar, it doesn’t exist.” This helps me use my 9 to 5 brain power for what needs to be done, and helps automate the side biz for when I come home. It’s nearly impossible for me to forget what I need to do when I come home because an alert pops up every 30 minutes.

This also helps you focus on what needs to be done. You will be worn down, you will be tired, but those little alerts will go a long way in helping building your side biz. They’ll keep you on track, and keep your focus on what needs to be done.

4) Don’t worry about perfection

When it comes to your side business – just do it. Don’t worry about it being perfect or you’re never going to sleep. My wife is big on perfection – I’m big on getting things done and off my plate. What you see as perfect, may not be perfect in your customers eyes. Never waste time on being perfect. You never will be. Just get it done to the best of your abilities and move on.

At the same time, if one of your skills isn’t solid – than you may have to outsource. For example – if your English sucks and your trying to write product descriptions – get someone to proof your work. Whether it be a family member or friend – play to your strengths. You can also look at outsourcing work by using UpWork.

Finally, I know the struggle. I live it everyday, but I also know it can be done. You can be a 9 to 5 superstar and crack the whip on yourself everyday to ensure your side business is a success. Even a few hundred bucks on the side can make a HUGE difference. Whether you’re selling a product or service – you can be a 9 to 5er and an entrepreneur.

Love you,

Jordan ‘The Guy with the Bow Tie’ Rycroft

It’s Time To Get Real

Remember the CEO from Seattle who decided everyone at his company was going to get paid $70,000? Well, he won Entrepreneur of the Year in 2014, and received global accolades. The story was just about everywhere. Unfortunately – it hasn’t worked out so well for him, but of course the negative story hasn’t appeared nearly as much as the positive one. To find out more – click here. Don’t get too jaded by all the success stories you see online. You never know how it is, until you’re in it.

This is where reality has to kick in. It’s extremely tough in the business world. Competition is everywhere, and if you’ve been following my blog for awhile you know I like to get real. And this entry is no different.

get real, it's time to get real

Let’s get real

The biggest challenge I’ve seen / heard from startups – aside from cash – is how to get more of it. I’m astounded at how many people think they can build something, and just let it sit there, and hope 1,000,000 people buy from them. That’s not how it works. Even though you might not know it – you probably have hundreds of competitors doing what you’re doing in the online space.

My wife and I’s business – Ever Rose – is no different. Although we’re playing to a smaller market – there’s still competition from all over the world. Having said that – I’ve recently seen / heard from a few businesses, who started up around the same time my wife and I did, about their struggles. These businesses are in the fashion category, they launched around the same time my wife and I’s online shop did, but they’ve only had 1 or 2 sales. Their sites look great, and professional, and they’re on all of the social media channels you can think of. Sounds like a slam dunk – unfortunately you can have a website, have social media accounts, pump your SEO, but no one will know you exist. If people don’t know you exist – you’ll never have sales no matter how fancy your site looks. And money is what all businesses need to survive.

The marketing

Here’s how my wife and I have achieved close to 40 sales in 4-months (it’s not a huge number, but it’s on a path to becoming profitable):

  • market our site using Facebook, Google AdWords and Bing Ads (typically $10 – $20 a day)
  • Post and share a product from our page once a day on Facebook, Twitter, Google+ and Instagram
  • Work with influential bloggers (aka those with lots of activity on their accounts – not just followers, but actual people commenting and interacting) in the fashion sphere. We sometimes give bloggers a clothing item in lieu of a post on their account
  • Pay to be showcased on Instagram accounts (Instagram is HUGE for fashion or any other product in the ‘visual’ realm)
  • Promoted our email list on our website through a contest where we gave away free items (more than doubled the amount of people on our mailing list)
  • Give those on our email list exclusive deals on our products (we typically get one sale per e-blast)

We spend quite a bit of money on marketing, whether it be cash or in the form of clothing to bloggers. And guess what – it works. If you don’t have money set aside to market your product – you’re most likely going to die a quick death. Before you jump in to any business – you should have marketing dollars allocated or at least have a plan of how you’re going to get the word out.

The numbers

Typically – my wife and I spend about 10 – 15% of our sales budget (total revenue) on marketing. Depending on how much our product costs, we understand we’re going to have to dump more money into it, because we need to market it. So, if a dress costs us $20, we add a markup of 2.2 (20 x 2.2), and then ensure we have at least 10% more to spend on marketing. It looks small to begin with, but when you’re spending $20,000 on product and you’re expecting to generate at least $30,000 in revenue (sales budget), then your marketing budget should be at least $3000 (10% of 30,000).

Don’t expect to make a profit right away. You won’t be sipping champagne for awhile – if ever. My wife and I have accumulated some debt due to the purchase of the resale product we carry. However, our assets drastically outweigh our debt, so we’re not too worried. We know if we ever need to get out – we can easily sell off our product, and pay back our debt. I’m not saying its easy, but it helps us rest easier at night. Besides, what’s business without debt?

If you’re burning through cash, not marketing your product, and have limited sales – you should probably stop what you’re doing, and adjust. Either you’re in the wrong line of work or you need some outside help. Don’t be afraid to ask. Feel free to connect with me, and we can discuss, and improve what you’re doing. Or continue to do what you’re doing. Your choice.

Love you,

Jordan ‘The Guy with the Bow Tie’ Rycroft

95% of what you do is BS

I lost a family member this weekend. It was my first loss of someone who was really close to me, and when most of these ‘big’ things in life occur, it gives you a chance to reflect.

What’s important in your life? Does your job come to mind as the first thing? Or is it family? Is it a friend? Where do your priorities lie? Are you comfortable with that?

You need to prioritize what matters

In business, in life, in leadership, etc… 95% of what you or I do is BS. The other 5% matters. Out of the hundreds (or thousands) of emails, texts, or DM’s you get every day – a small portion matters. You’re gut knows what’s important and what’s not. Follow your instinct. Your human, and 9 times out of 10 your instincts will lead you in the right direction. Corporations will weigh you down in useless paperwork, emails, messages, small talk, and a whole bunch more. I always think of the movie Office Space and the mind-numbing reports the characters have to fill out. They’re pointless.

office space, tps reports

In small business and startups – the only thing that really matters is money. YOU NEED MONEY coming in. If you don’t have it – you’re dead. Everything else is BS. It doesn’t matter if you used the proper Instagram technique to gain followers. What matters is making sales. If you are making sales – how do you get more of it? If you aren’t – why not? If you need answers to these questions, and you can’t think of any – search for them online or get in touch with me as I may be able to help out.

So many of us get caught up, and drive ourselves nuts over pointless things. Things that stray from our priorities. When I first started my career, I was hungry for climbing the ladder, and money. I was very rarely present at home. I didn’t see my friends or my family much. Recently this has changed. I value family so much more, especially after losing a family member.

Your goals, and what’s important in your life and work can change

If you’re not happy with your life – it’s probably because your job is crushing you. If you’re not happy with your job, it’s probably because it doesn’t match up with what you want to get out of life. The biggest thing to remember is you have a choice. You can change your scenarios. You can align your life and business priorities. The transition may suck, but in the end it will be worth it. How do I know – I live it, and I continue to live it. I’ve seen numerous friends and family members on both sides of the coin. Those that love their life, and their work, and those that are miserable with either work or life or both.

Constantly ask yourself what’s important. It’s okay if what’s important changes, and it’s okay if you’re not 100% satisfied with where you are. You’ll get there (maybe not 100% of the way, but close). I put the questions at the top of this post in my calendar regularly, so I know to always check in with what’s important.

Appreciate what you have. Appreciate that you’re able to change and better yourself. Most of all, appreciate that you get the opportunity to do exactly what you want in life. You can do it, and enjoy it. You may not be the richest or smartest person in the world, but you can be comfortable and confident in who you are and who you can become.

What’s important?

Love you,

Jordan ‘The Guy with the Bow Tie’ Rycroft