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The Side Hustle Show

312: 6 Rules to Scale any Side Hustle

The Side Hustle Show

Nick Loper

How To, Entrepreneurship, Business, Education

4.71.6K Ratings

🗓️ 6 December 2018

⏱️ 44 minutes

🧾️ Download transcript

Summary

If you're still doing all the work in your side hustle or business yourself, you're limiting your growth. This is an episode about getting out of your own way--about the transformation from technician to business owner. To help me work through the 6 Rules of Scale, I invited Sean Marshall from FamilyRocketship.com back to the program. We last heard from Sean way back in episode 92 in early 2015. I think he’s someone worth paying attention to because he’s set up his business (an online marketing agency) in such a way that the day-to-day operations don’t require much of his direct involvement at all. On the surface, his is a freelancing business, but Sean has avoided the common freelancing trap (or ceiling) of trading his own time for money. In doing so, that affords him and his family a pretty cool lifestyle. Last time we caught up they were living in Cozumel Mexico, and today, he and his wife and 3 daughters are spending several months in Scotland. Before we dive into the 6 Rules with Sean, he proposed two questions to ponder as pre-requisites: Why did you start your business in the first place? What do you want out of it? How big do you want it to be? What’s the highest and best use of your time? To achieve that ultimate why from question #1, what things do you need to do to get there, and equally important, what are the things you need to stop doing. So those are 2 questions to keep in mind as we go through this episode. Full Show Notes: 6 Rules to Scale any Side Hustle

Transcript

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0:00.0

Side Hustle Show, 3.12. Six rules to scale any side hustle. Or how to get out of your own way.

0:08.0

What's up, what's up, Nick Loper here, welcome to the Side Hustle Show because you want to build something that works when you're not.

0:18.0

This is an episode about getting out of your own way, about the transition from technician to business owner.

0:24.8

When we start out, we are everything in our business.

0:28.0

I mean, sales, customer support, design, marketing, bookkeeping, operations, you name it.

0:33.4

And what happens if we're not careful or

0:36.2

if we're not intentional about it

0:37.5

is we end up building ourselves another job.

0:40.1

Does that sound familiar?

0:41.3

Today, I want to challenge you and really challenge myself

0:44.3

because this is something I'm still working on,

0:45.8

to think like a CEO, to take a higher level view

0:49.7

of everything you have going on in your business

0:52.0

and a look at the bottlenecks and the opportunities.

0:55.4

To help me work through what we're going to call the six rules of scale, I invited Sean Marshall

1:00.8

from Family Rocketchip.com back to the program. We last heard from

1:05.6

Sean way back in episode 92 that was early 2015 and I think he's someone worth

1:11.2

paying attention to because he set up his business, which is an online marketing agency,

1:16.6

he set it up in such a way that the day-to-day operations don't require much of his direct involvement at all. On the surface it's a

1:25.1

freelancing business right I'll deliver XYZ result for this client but Sean

1:29.8

has navigated himself away from the common freelancing trap or ceiling of trading his own time for money.

1:36.4

And in doing so, that affords him in his family a pretty cool lifestyle.

...

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