With Some Extra Time, What Business Would You Start?

AskPat 2.0: A Weekly Coaching Call on Online Business, Blogging, Marketing, and Lifestyle Design

Pat Flynn

Business Advice, Marketing, Podcasting, Getting Started, Business Strategy, Business, Small Business, Passive Income, Online Entrepreneurship

4.9 • 638 Ratings

🗓️ 23 December 2015

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's question comes from Stacy, who has an existing small business. With 72 free hours, what new business should she start? Learn how to productize your service business on Smart Passive Income Podcast Episode 158 (http://smartpassiveincome.com/session158). For learning how to speak to small businesses about building custom solutions, listen to Episode 46 (http://smartpassiveincome.com/session46). Check out my new book on validating your idea for a business, Will It Fly?, at http://willitflybook.com. Do you have a question about starting a new business? Record it at http://www.askpat.com/.

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Transcript

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0:00.0	AskPath.
0:04.0	AskPath.com.com.
0:07.0	What's up, everybody?
0:11.9	Pat Flynn here and welcome to episode 502 of Ask Pat.
0:15.2	Thank you so much for joining me today.
0:16.7	As always, I'm here to help you by answering your online business questions five days a week.
0:20.4	All right.
0:22.5	Here's today's question from Stacey.
0:25.2	Hey, Pat, my name's Stacey. Thank you so much for what you offer to the online community.
0:28.8	And I just appreciate all the wisdom and resources that you have offered us as we've started a business in the last year.
0:34.7	And it really has been a source of growth and development for us. So thank you. My question today is, so we have spent the last year really focusing on
0:43.9	our physical products business and growing that online, and that is finally, finally established
0:51.1	and moving on its own. So now, if you had 72 hours uninterrupted to start working on
1:00.0	or start initiating another stream of passive income, where would you focus your attention?
1:06.3	That's my question. Thanks so much, Pat. We look forward to hearing your answer.
1:10.2	Hey, Stacey, thank you so much for the question. And first of all, congrats on what you've
1:14.5	done so far with your business. I think it's really smart that you focused on one area and
1:18.0	you've gotten that down. And now you're moving on and focusing on to another one. Not necessarily
1:22.2	moving on and forgetting about it, of course. But try to see what you can do today for us toify. And I think thinking of ways you can
1:27.8	make your income a little bit more passive is always good. Now, I will say that if I had 72 hours to
1:32.8	start a new passive income stream, that in general is just very difficult to happen because
1:38.5	passive income takes a lot of hard work in the beginning so that you can earn that passive
	...

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