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Side Hustle School

#2741 - Q&A: “What does ‘working on your business’ mean?”

Side Hustle School

Chris Guillebeau

Small Business, Entrepreneurship,, Entrepreneurship, Careers, Side Hustle, Business

4.73.3K Ratings

🗓️ 3 July 2024

⏱️ 4 minutes

🧾️ Download transcript

Summary

In this episode, we dive into the distinction between working on your business and working in your business, as popularized by Michael Gerber in "The E-Myth Revisited."

Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.

Show notes: SideHustleSchool.com

Email: team@sidehustleschool.com

Be on the show: SideHustleSchool.com/questions

Connect on Instagram: @193countries

Visit Chris's main site: ChrisGuillebeau.com

Read A Year of Mental Health: yearofmentalhealth.substack.com

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Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.


Show notes: SideHustleSchool.com

Email: team@sidehustleschool.com

Be on the show: SideHustleSchool.com/questions

Connect on Instagram: @193countries

Visit Chris's main site: ChrisGuillebeau.com

Read A Year of Mental Health: yearofmentalhealth.com


If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼 


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

So there's a classic business book called The Emyth Revisited. It was written by Michael Gerber many years ago.

0:14.7

I remember reading it, I don't know, 15, 20 years ago.

0:18.0

I forget the exact publication date.

0:20.0

But he really highlighted this concept

0:22.3

of working on your business versus working in your business.

0:25.4

And I've talked about it or referred to it a couple times throughout the years of the podcast here.

0:30.0

And so today a listener is like what does that actually mean?

0:32.9

And sometimes I really appreciate you, our listeners, you know, to call me to account.

0:37.3

If I mention a concept without defining it or make some assumptions, I would love to correct that

0:42.3

to make sure everybody knows what we're talking about.

0:44.0

So working on your business, it actually is a super important distinction.

0:48.0

So let's talk about it with some examples.

0:50.0

Examples of working on your business versus working in your business.

0:53.2

And especially for those who are really busy and have limited time to work on their side vessels,

0:57.3

this is why it's so important to understand that distinction.

0:59.8

So Roman's got the question, my detailed answer will follow. it's all coming up in just 30 seconds. Hey Chris, this is Roman. I've been listening for a while and have heard you talk about the difference between working on your business and working in your business, but I'm not entirely clear on what that means.

1:26.1

Could you break down the distinction between these two concepts and why it matters for side hustlers

1:31.0

or small business owners?

1:33.0

What are some of the examples of activities that fall under each category?

1:37.0

And how can I make sure I'm striking the right balance between the two in my own side hustle. E-Meth revisited, as I said at least 15 years ago, I was living in West Africa, working as an aid worker,

1:56.8

and then also kind of running a freelance side hustle on the side, like back in the states,

2:02.1

doing online business, and I read this book and it made a big difference

...

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