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The Art of Manliness

#251: Be an Entrepreneur Without Quitting Your Day Job

The Art of Manliness

The Art of Manliness

Society & Culture, Education, Philosophy

4.714.8K Ratings

🗓️ 11 November 2016

⏱️ 39 minutes

🧾️ Download transcript

Summary

The popular idea of the entrepreneur is that he’s a renegade risk-taker who goes all in with following his passion so that he can get out of the 9-5 rat race.
But what if you enjoy your day job at the office? Or have other reasons for wanting to work for someone else? Heck, maybe you're a doctor, or firefighter, or teacher and working for someone else is just part of the gig. If you fall into one of these categories, does that mean you're completely barred from entrepreneurship?
My guest today says “no.”
His name is Patrick McGinnis and he’s the author of the book "The 10% Entrepreneur: Live Your Dream Without Quitting Your Day Job." Today on the show, Patrick and I discuss the myths of becoming an entrepreneur -- including the one that you have to go all in to be one -- and discuss practical ways you can invest just 10% of your time and money into entrepreneurial endeavors. We also talk about the benefits of becoming a 10% entrepreneur, like boosting and diversifying your income streams, as well as becoming more competitive in the traditional job market.

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Transcript

Click on a timestamp to play from that location

0:00.0

[♪ INTRO MUSIC PLAYING [♪

0:13.9

Brett McKay here and welcome to another edition of the Art of Manliness podcast.

0:18.1

The popular idea of the entrepreneur is that he's a renegade risk taker that goes all in

0:22.6

with following his passion so that he can quit the 9-5 rat race.

0:26.3

What if you enjoy your day job at the office or have other reasons for wanting to work for

0:29.6

someone else? Heck, maybe you're a doctor, a firefighter, or a teacher, and working for

0:34.1

someone else is just part of the gig.

0:35.7

If you follow into one of these categories, does that mean you're completely barred from

0:38.6

entrepreneurship? Well, I guess today says no. His name is Patrick McGinnis and he's

0:42.4

the author of the book, The 10% Entrepreneur. Live your startup dream without quitting your

0:46.4

day job. Today on the show, Patrick and I discussed the myths of becoming an entrepreneur,

0:50.5

including the one that you have to go all in to be one, and discuss practical ways you can

0:54.3

invest just 10% of your time and money into entrepreneurial endeavors. We also talked about

0:58.4

the benefits of becoming a 10% entrepreneur like boosting and diversifying your income

1:02.0

streams, as well as becoming more competitive in the traditional job market. Really great

1:05.9

show with a lot of practical takeaways. After the show is over, check out the show notes

1:09.0

at a-m.is slash 10% for links to resources reading delft deeper into this topic.

1:14.4

Alright, Patrick McGinnis, welcome to the show. Thank you for having me. It's great to

1:22.7

be here. So you got a book out called The 10% Entrepreneur, which is kind of interesting

1:28.3

name for entrepreneurs. Usually when you think entrepreneur, like you go all in, you're

1:31.6

putting skin to the game, you're putting soul in the game, but you're saying that you

1:34.9

can actually be an entrepreneur and just put 10% of your life or your money into it.

...

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