AskPat 885 Episode Transcript
Pat Flynn: Hey, what’s up everybody? Pat Flynn here and welcome to Episode 885 of AskPat. Thank you so much for joining me today.
We have a great question coming in from Jeremy, but before we get to that I do want to thank today’s sponsor, which is FreshBooks, one of my favorite companies because they help me and millions of other small businesses manage our business finances, from keeping track of our income, of course, to automatically keeping track of our expenses, but in addition to that, also the invoicing. The invoicing features are quite amazing because you can create a professional looking one in less than thirty seconds, you can send it out, see who has paid you, see who has yet to even open those invoices. It makes it really easy to follow up if you need to. So, go ahead and check them out. FreshBooks.com/askpat. You can try it out for thirty days for free if you use the—actually just go there and then make sure you let them know that you heard about me or heard about them on AskPat. So, just type in “Ask Pat” in the “How did you hear about us?” section.
So, thank you so much and here is today’s question from Jeremy.
Jeremy: Hey Pat. My name is Jeremy Crawford. I’ve been following your Smart Passive Income Podcast for quite a bit now and I recently just started listening to AskPat. I find it very inspirational, and I enjoy my drive to work every morning, about an hour, getting to listen to AskPat and SPI podcasts. However, you send out an email maybe a few weeks ago talking about how you enjoy your nine to five work hours because you get to spend time with the family and the kids at night. My question for you is, for those of us who can’t leave our day job yet, and we have to work a nine to five or an eight to four or whatever hours you work, how can we still motivate ourselves and take steps at night or on the weekends to maximize our potential of making a successful business? I would really enjoy getting your take on this and kind of get some advice on some things that I can do that maybe won’t necessarily take up all my time away from my two little ones and my wife, but will also help me get set on the right track to be an entrepreneur, and maybe one day work for myself so I can work that nine to five and have those nights and weekends off. Thanks Pat.
Pat Flynn: Hey, Jeremy, thank you so much for the question. I appreciate it and I completely understand where you and most other people who are probably listening to this right now, are coming from. You work so hard providing for your family and going to a job, helping someone else with their own entrepreneurial dream, that it’s just very hard to find the motivation to work on the dreams that you have as well and wanting to become an entrepreneur; I completely understand because we only have so many hours in the day and part of entrepreneurship is going through a number of trials and errors, which takes a lot of time and motivation and can just often seem like there’s no hope and I completely understand. However, there is hope because what’s really cool about entrepreneurship is that it doesn’t take a lot of time to get started. It takes time to get to see results, but the time it takes to get started is not very much at all. And so, here’s a few things that I would recommend, for the people who are listening who are like, “Pat, you like your nine to five? I thought you didn’t have a nine to five.”
I think what Jeremy was talking about was that one of the benefits of having a nine to five job is that you know that that’s the time that you’re supposed to work, and you can go home after five or four and be there with your family 100 percent. When you are an entrepreneur you actually can work anytime and sometimes a lot of people, and this was me in the beginning, we have a lot of hard times kind of delineating between the two and you can often mix those things together and it’s just not productive when you’re trying to work or you’re thinking about work when you’re with your family, and that’s not good either. I like having those boundaries, which was the key there, and I still think it’s important to have that, Jeremy. I don’t think that if the night time’s the only time you have with your family, don’t take that away from them. It’s really important to be with your family, especially on kids. You don’t want them to feel like this entrepreneurship thing is something that’s talking them away from you. Right? I like to approach it as, “Hey, this is something that can actually bring us together.” I used to work late at night after they went to bed. I tried to never work while they were awake, so that I could spend most of my time with them at all times. I would still recommend to do that, but it’s going to take some sacrifice for you to get some hours during the day where you can work and what I would recommend is actually not expending that energy at night when the kids are asleep, because that is usually when we’re at the most tired. We’ve already used up a lot of our energy for the rest of the day, and for somebody else’s dream, but what about your own?
So, here’s what I would recommend. This comes—and a lot of you who have heard this show before have heard me talk about this idea of paying yourself first, and this is something that comes from the financial industry, right. You get a paycheck every two weeks and before you pay any bills, before you pay the mortgage, before you buy groceries, you just put a little bit aside. You know, $25, $100, however much you can afford. I would say maybe 5 percent away. Just have it automatically be deducted. Pay yourself first, which then over time build this amazing nest egg, and if you don’t see that money, you won’t treat it like it’s there. Meaning you won’t spend it and over time, it’ll just continue to grow. So the same thing can be done with your time. So, instead of waking up in the morning like we normally do, with an alarm that tells us, “Hey, we have to go take our kids to school, we have to go get ready for work,” why not wake up in the morning and say, “All right, it’s time for me to work on my own stuff until it’s then time for me to go and bring the kids to school or go to work. So, I would wake up earlier, and that’s when I’ve been getting my work done now. Instead of staying late at night after the kids are asleep, I actually am a morning person now, and I never thought I would be that. I’m saying this and I know a lot of people are like, “I don’t know Pat, I’m not a morning person. I’m a night owl.” Well, I thought the same thing, but I’m so much more productive and focused in the morning and knowing that I eventually have to take my kids to school or I have other things to do, it just motivates me because I know I only have so much time, but that’s my time. That’s the personal development, business development time. And like I said earlier, it doesn’t take much time to get started. So, sometimes all it would require would be a little bit of planning so maybe, at a later time in the day, I can make that phone call I need to make to do a little bit of research. You know a lot of it actually starts with not building out the website and all these other things that you might see that a business person has, creating the business cards, creating the logos. Yeah, that stuff takes time, but that’s not the first thing you should do.
Jeremy, what I would really align yourself with, is what do you want to do? How do you want to live in a few years? What would that look like? And the best way to do that would be to go through the exercises that I share in my book, Will It Fly? Now, if you feel like I’m doing this because I’m trying to sell you the book, don’t. If you want a free copy of the book Jeremy, just let me know, I’ll send it to you. I’ll sign it, whatever. I just want to get it in your hands and have you work through these exercises because they will help you find the right direction. It’ll also help you discover some of the ideas that you might have and where you might start in terms of the market research and all those kinds of things. And it’s not going to take too much time at first. Now, those hours, maybe even if it’s just a half hour day, they definitely do add up and that way you can keep your nights, and you can keep your weekends. And I feel like just adding an additional two to three hours a week on the front end of your day, with the most energy, with the stuff that’s important to you for your future, can make all the difference in the world. So, that’s where I would start Jeremy. Obviously, it’s not going to be easy to do, but when you consider your goals and why you’re doing what you’re doing, I mean, you will make it happen and I know you can do that Jeremy.
So, Jeremy, thank you so much. I appreciate you for calling in and I want to send you an AskPat teeshirt for having your question featured here on the show and for those of you listening, if you have a question you’d like potentially featured here on the show, all you have to do is head on over to AskPat.com and you can ask right there on that page. You know, when you only have so many hours to get stuff done, you really start to analyze, “Okay, what do I really need to work on?” Right? And that’s what I think is key here. So, Jeremy, I also want to thank not just you, but also FreshBooks for sponsoring the show. You can go to FreshBooks.com/askpat and make sure you enter “Ask Pat” in the “How did you hear about us?” section to get that thirty-day free trial.
And then finally, here is a quote from Bushrod H. Campbell; what a name. “If I’ve learned anything in my seventy years it’s that nothing is as good or bad as it appears.” All right, thanks guys, take care, and I’ll see you in the next episode of AskPat. Bye.
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