According to an infographic released by Visa Business, half of the world’s entrepreneurs fall between the ages of 25–44, and 20% of employers used less than $5000 for startup financing. (Note: you can see the full infographic at the end of this article)
That has certainly been true in my experience – my father started a multimillion dollar business for $2000, and three businesses I’ve been involved in were started when I was in my 30s and financed for less than $5000 (including one that sold for six-figures).
It doesn’t have to take a lot of money to start a business, but it often involves a lot more time than would-be entrepreneurs expect.
Why? Because somewhere along the way we start thinking about our business 24/7, end up with a workload that starts to consume our lives. Our health and personal relationships suffer, and we lament: “If only I had more time!”
To escape this vicious circle, I’m going to share with you a time management system I picked up years ago specifically geared for entrepreneurs, one designed to help you increase productivity and therefore increase both your income and the quality of your time off.
With this system, we do away with the usual “weekdays” and “weekends” and instead classify days into the 3 F’s:
- Focused Days
- Fun Days
- Flexible Days
What are these? Read More→