How to Stop Your Business From Turning into a Full-time Job w/Mark Dolfini
One of the biggest issues in real estate entrepreneurship is, despite getting into the business for passive income and freedom, most of us end up turning it into a full-time job. How do we stop this from happening? Why is it so necessary to have a plan in place?
On this episode, author of The Time-Wealthy Investor, Mark Dolfini, shares how he learnt that time is the most precious resource we have.
There’s no amount of money that will make time irrelevant, so make sure you’re focusing on the right target. -Mark Dolfini
Watch the Full Episode Here:
3 Things We Learned From Mark Dolfini
Having a good work ethic doesn’t mean you need to do all the work
Don’t fall into the trap of thinking you need to be constantly working. Putting in more hours than you’re able to does more than waste your time: it can have a devastating effect on your physical health. Make sure you’re taking time for yourself to recover. It’s not a luxury, it’s a necessity.
Find a coach
Coaching is key in business. Think of your business as you would a family member- you know you love them, but may not be able to express why. You need an outside perspective; someone who can help you find out why you feel a certain way about your business. Doing this will strengthen your commitment.
Vision is vital
Having a vision for your business and your future is crucial. Without a roadmap, you’re not going to get anywhere. Make sure you know where you’re going, and have a plan for how to get there. By having a vision, you’ll also find it easier to manage your time.
When you care deeply about your business, it’s normal to want to put a lot of work into it. However, remember that your life revolves around more than your source of income. Make sure you’re setting aside time for yourself to focus on what truly matters to you. Understand why you love your business, but also be conscious of the fact that time is finite. It’s not enough to be financially wealthy: you need to be time-wealthy to be truly free.
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