Here’s a classic description of the good being the enemy of the best.
Dan, I have subscribed to your weekly emailed newsletter and I read the emails but just don’t seem to act. I have many things going on in my life to make my financial ends meet; I own a duplex and have a small vending business as well as work a 40 hr a week job. They all make just enough to keep me from wanting to make a change. I feel if I try to start another venture however something else is going to get neglected to the point of failure. What can I do?
This is a very common situation – I’m getting by but know there’s something better out there. My advice is – don’t wait for failure to be your motivator. ACT from a position of strength. Yes, it may be a challenge to add something to an already busy schedule. Don’t expect the extra work to continue forever – just commit to maybe a 90-day transition.
I think your duplex and your vending business are moves in the right direction. Both of those require a set-up process, but then continue to generate income through periodic maintenance — thus ‘residual’ income. Look for another idea that leverages your time even more. Our hottest selling product at 48Days.com is our Personality Report. It’s totally automated and is essentially an electronic vending business. People buy 24 hours a day – 7 days a week. I lost my shirt on some cashew vending machines years ago – but I learned from that and looked for a better application of the same business principles.
Create a clear picture of what the “best” would be. Then take action to make that come into view.