Manage multiple businesses without going crazy

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Like many small town business people, I have more than one business: liquor store, cattle ranch, speaking and writing about small town business, and Tourism Currents. So how do I do it all? It‘s one of the most common questions that I get asked, so I’m sharing my answers.

Cory Miller of Entrepreneurship Lab set up a webinar with me, “Managing Multiple Businesses without Going Crazy.”

I shared not just the big picture business strategy, but also the day-to-day level productivity skills that keep it all from falling apart.

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Manage multiple businesses without going crazy

  1. 1. Manage Multiple Businesses … Without Going Crazy Becky McCray • smallbizsurvival.com Cory Miller • entrepreneurshiplab.net Photo (CC) By Clearly Ambiguous Scott Robinson
  2. 2. Poll: How many lines of income do you have right now? •None. I haven’t started any business yet. •One. I’m thinking of adding more. •Two or three. Maybe four. •Five? Six? A Dozen? I lost count.
  3. 3. What if they close the sidewalk?Photo (CC) by kohtzy
  4. 4. What if you get sick? Photo (CC) by YODCOX!
  5. 5. What if you can’t get online? Photo (CC) By kirk lau
  6. 6. What if the market shifts? Photo (CC) by Chris D 2006
  7. 7. Spread out the risk Photo (CC) by By kyz Stuart Ca
  8. 8. Poll: What risk are you most worried about? • Losing that one big client. • Getting left behind by the market or customers, or never finding a market in the first place! • Outside forces, like the economy, disasters, or government regulations. • Getting sick or being unable to work for some reason.
  9. 9. 1. Build a portfolio Photo (CC) By trbpix
  10. 10. One-to-One Photo (CC) by Shira Golding
  11. 11. One-to-Many
  12. 12. On-Their-Own Photo (CC) by By thinkpublic
  13. 13. Check your balance Photo (CC) By Calypso Orchid
  14. 14. Example: Alva’s Sewing Center
  15. 15. Check all that apply: Which models are you thinking of adding to your portfolio? • More one-to-one: consulting, coaching, etc. • More one-to-many: training, speaking, groups • More on-their-own: print, online, audio, video • None: turns out I’m pretty balanced.
  16. 16. 2. First Establish, then Extend Photo (CC) by citriodora1
  17. 17. The Farmer’s Rule
  18. 18. Famous Farmer: Richard Branson
  19. 19. You’re a Farmer
  20. 20. Not really a poll: •What one new line of income are you going to establish next?
  21. 21. 3. Manage Your Time Photo (CC) by justinbaeder
  22. 22. What do I work on next??
  23. 23. Know your goals Photo (CC) By lululemon athletica
  24. 24. Plan by the week
  25. 25. The 6 Most Important Things
  26. 26. Focus on one at a time Photo (CC) by ilya_ktsn
  27. 27. Is it any worse than an office job? Photo by University of Michigan MSIS
  28. 28. Having a mission helps Photo by Alan Weinkrantz
  29. 29. Dress for productivity success
  30. 30. Poll: What’s your biggest time management challenge? • Knowing my goals. I know I have lots to do, but I’m not sure what I should be working on. • Focusing on one at a time. So many things are begging for attention right now! • I get interrupted: customers, twitter notifications, emails, kids! I just want to be alone!
  31. 31. Questions? Manage Multiple Businesses … Without Going Crazy Becky McCray • smallbizsurvival.com Cory Miller • entrepreneurshiplab.net

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