Where do you find the time and the money to start a side business? You never have enough of either - right?But do a reality check. Others have. Other people have been more broke and had less time and found a way.And ... they are not any smarter than you.But yet, we struggle. Families. Jobs. Friends. And even just fatigue saps us of time.So today I will unpack several common practices that others have used to find the time and money to start a side business.We will start by dealing with the money issue (wow do I hear this one a lot - no money to start).Then we will get into the time issue, how can you do a time audit and carve out minutes to make it happen.But most important - I will provide you several common mistakes I see others making in the area of time and money. Avoid at all cost.How to Find the Time and Money to Start a Side Business (Outline of the podcast) Reality check Many have started with no money Many started with full-time jobs and made it happen Dealing with the money issue Start small Use what you already have Cell phones Computers Tools Your mind and creativity Focus on serving the customers need - not your expectations Example - Homeschool products example Do not overthink it Supplement with renting or bartering Landscaping example without equipment Bartering for services (Angie) Avoid the traps Do not borrow $ Do not lease (another form of borrowing) Do not over-promise (Promise what you know you can deliver) The reality - most US companies start with almost nothing. $2000-$5000 Startup $ does not determine growth (ADC vs AmericanIP) Dealing with the time issue Many do this - with kids, jobs, and life Flipped Lifestyle - Shane & Jocelyn Sams story Audit your time (like my fitness pal) See where you are wasting time (Daniel Story and link to his page and book) Make decisions about priorities Carve out as much as you can. Think 60-minute windows each day Put on calendar Make an appointment with yourself Focus on what you need to start Day 1 - Define your services (write it down) Day 2 - Where will you find your customers Day 3 - Start advertising Day 4 - Keep advertising Day 5 - Serve, adjust, and advertise Day 6 to 1,000 - repeat day 5 Avoid the traps Focusing on the non-essentials Logos Business cards Office supplies Websites Creating too many systems and overthinking at first LLC Bookkeeping Insurance Failure to create systems and think about growth once you have started. Upcoming Episode 139 next week – Should I use an LLC or S-Corp in my startup idea?Click here to listen now.Subscribe & Review in iTunesAre you subscribed to my Company of One? If you’re not, I encourage you to do that today so you don’t miss an episode. Click here to subscribe in iTunes!If you like what you hear, I would be really grateful if you left me a review over on iTunes, too. Those reviews help other people find my podcast. I also love reading them and connecting with you. Just click here to review, select “Ratings and Reviews” and “Write a Review” and let me know what your favorite part of the podcast is. Thank you!Links mentioned in this episode: Sea of Trees (My son's book - examples of managing time from the podcast) Episode 137: How to find a business idea for a side hustle Episode 119: Developing an Entrepreneurial Mindset Episode 115: Do I Need a BuDale Callahan, Ph.D.Business Coach for Professionals Ready to Take Control Helping you move from stuck to in-demand — or start something of your own. Grab the Idea Engine: 7 prompts to find your next move Book a Next Step Strategy SessionDirector of Engineering Management @ UAB (205) 790-8447 dalecallahan.com LinkedIn

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