I am taking steps to build a 7-Figure business working part time. There. I said it. Many people think this is unattainable. Which is okay. The ability to work part time (less than 40 hours a week) and build a 7-figure business is not going to be something everybody aspires to do. And, as I mentioned, it is something that many people may believe is not possible. One thing I have learned about business is that if you really want to succeed you are going to be called to develop a thick skin and to stop worrying about (or believing) what other people think. In the words of Wayne Dyer, “What other people think of me is none of my business.” So if you are one of the unbelievers, or if this topic is not of interest you, I send you great joy, and now would be a good time to click away.
For those of you who do find this idea attractive, and believe that it is possible, read on! Because I am about to reveal a few of the the details of my own part time 7-figure business model creation process in hopes of inspiring you to see that it is, in fact, possible, and that in turn, you will understand that it is possible for you too.
Step one to creating your part time 7-figure business model is getting clear on when you are available and when you want to work. This is contrary to the corporate mindset. The corporate mindset says they own you and you figure out a way to do all of the things you want to do in the few hours that remain after you fulfill your corporate duties. Fortunately as entrepreneurs we can turn that mindset upside down. For example, I work Monday through Friday from 9:00 – 2:30, plus one weekend per month hosting VIP clients. I spend mornings and evenings with my boys, driving them to school and picking them up, and attending their activities. Because while I could outsource this to a driver and caregiver, that is not my desire. I reserve Mondays for money, homekeeping, and passive income creation and Fridays for self-care. I also exercise first each day before starting desk time around 11:00. It is key to know your priorities and schedule time for them first. This is why it is called a lifestyle business. So my work week (time at the desk, on the phone, marketing, and with clients) ends up being about 12-hours per week + one weekend a month. Of course, sometimes I work additional evenings and weekends on special projects as I am in the development stages, but this is my ideal schedule and is when I have cleared time in my schedule for designated business activities. I build in more flexibility during summer and winter to focus on business development, content creation, creative endeavors, and time with my family, and I work with private clients and run programs during spring and fall when the boys are in school. Figure out what is ideal for you seasonally, monthly, and daily and write it down. Remember to put the things you value most first.
Step two to creating your part time 7-figure business model is deciding how you want to serve and earn income. Within my own business model I offer private and group coaching and consulting, private VIP retreats, and am in the process of creating a few products, including books, an affirmation deck, and information products. They all have a common theme and purpose of helping entrepreneurs heal and grow rich so they can work less, earn more, and be free to play more or spend more time with their families. Most of my clients are professional women. My passion is here as I was a mom first and I am navigating the journey of business ownership and development while raising four boys. I’ve learned a lot along the way, and it is my joy to help women create a legacy of success in business, happiness at home, and a lifestyle of freedom. I can still do this best interacting directly with people. Take a few minutes to write down who your ideal client is and how you work with them. Include your favorite ways and release anything you do not enjoy. Also write down what transformation your clients experience as a result of working with you.
Step three to creating your part time 7-figure business model is to monetize, implement, and outsource. Monetize your plan by writing down everything you offer, how many clients you are able to serve for each program or service, and what it costs. Now do the math. This will tell you your current maximum gross income. If you are lower than where you want to be with your numbers decide if you want to increase prices, increase clients, or introduce something new. Then write down what it takes to implement each product or service and areas where you need support. When it comes to outsourcing you want to be sure to outsource anything with a low financial return compared to the time investment. Unless it is something you love to do. It is also wise to outsource anything that you do not enjoy doing. Start by outsourcing what you least enjoy first. [Tweet “You will want to outsource things for business and family to free you to focus on what you do best and enjoy most. “]
A few key areas to consider outsourcing first in business include marketing, social media, administrative duties, management of your website, bookkeeping, and appointment scheduling. Systems are also be a way to outsource. For example, a good online appointment scheduler (I use Timetrade) can automate the appointment-scheduling process and the cost is minimal. A few key areas to consider outsourcing first at home are housekeeping, errands, cooking, laundry, handyman work, car washing, lawn service, clothes shopping, and pet care.
Most likely, you are not going to start out with a 12-hour work week or 7-figure income. But it is certainly something you can believe in and start working diligently and faithfully toward. And you can have fun and experience great pleasure while doing so! Remember, the journey is what it’s all about. I hope this article has given you some ideas for where to begin with your part time 7-figure business model, and has inspired you to believe that it is possible. I’d love to hear which steps you are going to implement first! This week my favorite things that I outsourced was the typing of my book manuscript and the ironing of clothes for our family. Comment below and let me know your favorite business and family outsourceables, as well as where you will begin with your 7-figure business plan.
If you’d like to schedule 7-figure business model strategy session to work out your plan with my support, CLICK HERE.