How do you guys manage working on multiple projects? I'm one of those people that can only focus on one thing at a time!
This is normal. Everyone is the same.
Jeff Bezos ran Amazon.
He then resigned and put his focus on Blue Origin.
Musk does not run multiple companies. He's a showman.
He never ran multiple. No one does.
He built Zip2, then sold it in 1999. In 1999 he started X.com(PayPal)
He sold his stake in 2002.
Then he started SpaceX..
He bought into Tesla in 2004, but remember, SpaceX wasn't profitable until 2023. It took 21 years to become profitable..
He does seem like he does a few things now, but he has massive teams around him. He doesn't need to do that much at Tesla anymore. It has momentum.
I go all in on one thing, by this I mean if I start a business or a project, I'm 100% abandoning everything else, but recently, I just get bored of my main daily work. Like after 6 hours or more, I can no longer have the urge to complete more tasks even though there is more to do.
This is normal.
6 hours is the general capacity for most humans. No one "works" 12 hours a day. People dick around for 12 hours, between meetings, lunch, breaks and other tasks.
Highly efficient entrepreneurs get their day's important work done in 3-6 hours and the rest of the day can be balanced.
TLDR; Recently thinking of starting some side projects, but just don't know how to do it and not affect my main work.
Don't do that. This is the wrong approach. You're trying to fill your time thinking this will make you more money. It won't.
If you get 6 hours of work done per day on your main business, that is enough.
I allocate 5 hours per day for work. 3 hours for study and 3 hours for leisure(gaming, tv/movies)
Extra hours I sometimes study more, sometimes work more, sometimes relax more.
Fill your time with things that AUGMENT your main business.
Add in 3 hours of study every day. Why would you work 3 more hours when you could study for 3 hours?
Compare.. 1 year of studying 3 hours a day is 1000 hours of study. Over 5 years that's over 5000 hours. You're nearing mastery here. Do you think that will benefit you more or shoud you have grinded a bit more for 3 hours a day to make a few more bucks that will have no benefit to you after those 5 years.
How is it that some men can build $10 billion market cap companies while sleeping 8 hours a day and using their day, and others struggle to have the time to build a $10k/mo company?
It's not about the hours. It's about your skills and how effective you are with those hours. It's mostly skills. Hence the 3 hours study per day. If I was younger and wanted to fast track, I'd do 6 hours study and 6 hours work per day. I'm older and benefit more from balance. I have enough momentum, but you don't need to fast track. The consistency of 5-6 hours of work and 3 hours of study daily will propel you at least to a $1mil/year company.
Most people have no idea how important study is. Hard work does not make money. Focused work with intention that's backed by skill makes money.
So rather than look for side projects which will just dilute your energy and give you a lovely 1 + 1 = 1.5 effect, divert those wasted unplanned hours into focused study so that you 1+1=3, then 1+1=5, then 1+1=1000000(Like billionaires do).
This is the magic to scale. You only have 1 + 1. You cannot change it. What you choose for each 1 is what determines your output. 1 + 1 = 0.1 is what most people get. 1 + 1 = 1.2 is what most self employed people get. 1 + 1 = 3 is what the guy doing $1mil/year will working 20 hours a week get. 1 + 1 = 5 is what the guy making $1mil/year, while working 2 hours a week gets. You need to hit $1mil/year while being able to put in 2 hours a week, otherwise you can't scale.
You grow to $1mil/year doing around 40 hours of real work a week(your 6 hours daily), then rather than grow it, you refine it until you're down to 1-2 hours a week. Then you scale it to $5mil/year at 40 hours a week. Then you refine it down to $5mil/year at 5 hours a week and so on.
And, that is also how you can handle multiple projects if you want to. When your first business at $1mil/year is down to 2 hours a week from you, then you have time to either scale that same business(taking advantage of leverage, which is why usually staying in the 1 business is good, but not always.), or you can work on a related business and scale that. No one is actually working 2 businesses that require them to put 40 hours a week into each.
