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Is it hard to juggle your personal life while owning multiple businesses ?

My name is John I'm from Carol City where everything is not sweet . But I can't let where I come from define me . I want to further my career in entrepreneurship I own a business called "Overnight Preservation LLC" . I started my business from when I was 12 . my goals coming out of high school are to have multiple streams of income , to build my crypto portfolio up more and to get into real estate . #entrepreneurship #business #marketing

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Subject: Career question for you

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Jenn’s Answer

Hi John,

You have quite a few goals in mind and it seems already underway! Congratulations on what you've accomplished so far! While everyone has the ability to be as driven as you seem to be, not everyone follows through to do the hard work.

And it is hard work owning your own business, let alone several at the same time. I worked as a Consultant, have a full-time career and do some volunteer advisory so managing these at the same time can be very difficult.

You need to have focus and determination. You need to be able to keep your schedules in place so that you can see how to best manage your time. You need to be disciplined because there will be times that it will be difficult to get something done with work and it may conflict with your personal life. You need to understand what works best for you because everyone works in their own way. If you need to take a break to keep your focus, take a few minutes to breathe or call family or a friend.

To be successful with all your goals and plans, be honest with yourself in what you want to achieve and why. It's always the WHY the helps shape and determine your level of success, especially if it's more personal. You have a sense of pride in recognizing what you can, and are, accomplishing.

I hope that this helps you in some way. Take care out there and Good luck!

Jenn Cadiz
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Riley’s Answer

Hi John - Your drive, thoughtful approach to your future goals, and all that you have already accomplished, is inspiring and something to proud of! You are asking good questions.

When it comes to building a business and finding financial independence here is some of the best advice I've ever received... the path to success is not linear. I don't know about you, but I can be pretty hard on myself when trying to launch something. I want it to be "perfect" and I often feel "not good enough" - if you aren't familiar, take a look at "imposter syndrome" it's pretty revolutionary when you can put words to something. As I spend time around more business owners - and listen to the stories of others - I've learned that I wasn't alone and that "success" is closer than I think. Wishing you all the best on your journey!

I've listed two of my personal favorite podcasts that have helped me on my career and personal finance journey... hope you find them helpful, too.

Riley recommends the following next steps:

Listen to Podcast "How I Built This with Guy Raz – NPR"
Listen to Podcast "ChooseFI"
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Sara’s Answer

I believe that everyone has their own limit. Some people might find two streams of income overwhelming, while another person might be okay with five. It is all about management skills and being able to organize yourself. If you can set up a way where you can balance out your personal life along with all the streams of income, then it is more than okay. As a result, there is no one answer to your question. Handling multiple businesses will never be fully easy as it takes up a lot of energy and responsibility. Nonetheless, what might be easier for one person will be hard for another. Personally, I juggle personal life with three other major things and I find myself being able to comfortably do it. Some weeks are rougher than others as I might have more things to do, but I balance it out by prioritizing my personal life and making myself a promise that I always keep at least one day out of the week free for myself. This helps me ensure I always have somewhat free time no matter how busy I might be.

Sara recommends the following next steps:

Figure out what your limit is. How much you can handle without being overwhelmed.
Make a plan. How will you ensure you still have a personal life?
Lastly, go for it.
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Yumi’s Answer

Hi John - I neve owned my own business, but still have to juggle between corporate business life and personal life. I imagine that when you have your own business, it will be very difficult to completely separate your personal life from business life. Having multiple businesses would make it even harder to find your personal time. However, if you have sense of ownership and passion for the businesses, I believe you'll find way to balance and enjoy your personal time over time. You'll need to find trusted partner(s) that you can delegate critical tasks (day to day operation, HR matters, etc.) so that you are not juggling your life to do everything yourself. It would take time at the beginning, I'm sure, but if you are truly passionate about your own business(s), you have to try. Good luck!
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