Life of the Parallel Entrepreneur, Top 3 Challenges!
photo credit: johnfinn64
Judging from the businesses I build and the amount of stuff I like to work on I’d consider myself a parallel entrepreneur. The term suits me will! Maybe it’s because I realize at 19 life is limited, or maybe there’s way too many amazing opportunities to make millions/large sums of money for ridiculously small start-up costs(if you know your stuff, and with the competition you damn well better). If you’re the type of person that only likes to work 5-8 hours a day and spends the rest of your time partying, the parallel entrepreneur’s life probably isn’t for you. The challenges are focus, strict management of your time, the ability to take massive action, discipline and knowing your priorities. Taking on a crazy amount of work will and adopting the parallel entrepreneur lifestyle will challenge you in the following three ways. There are more than three but these are the three that stick out to me:
Failure to Launch trailer Challenge #1.
How much extra can you do in the limited amount of time you have available?
Time and life management is crucial to business in any aspect. The Great Ones, if you may, understand that time is a limited and nonrenewable resource. Once you’ve lost time, there’s no chance you can ever get it back. Sure you can arrange to spend more time and catch up on a certain aspect of your life, but progress never the less is lost. The parallel entrepreneur lifestyle calls for very effective time management. It’s not enough to just spend time on a project, you also have to be acute to the progress or effectiveness of your efforts. And then, you may have a family, or a girl friend or boy friend(if you’re a hot lady entrepreneur:D) that you have commitments to. What about your social life? Are you that guy to has to turn down some fun time to get a little extra work done to meet a deadline? Another issue is you health. Some people need more sleep than others. These are all things to consider and things you have to prioritize around. It’s not enough to schedule time around eating, sleeping and pooping(uh..and pissing). You need to get creative. But I don’t need to tell you, you’re a entrepreneur BTW. 
Challenge #2. How well you focus on any ONE time block makes an large impact on your overall productivity.
Focus is on of the ingredients to the recipes to success. I’d say it’s the yiest because the lack of it could make your life flop. Brian Tracy once said that if you could focus on your watch(or any one item for that matter) for 2 minutes striat, with out any interruptions what so ever, you could accomplish anything you ever wanted in life. We all know this is partly true, WHAT you focus on determines who you become and what you get. You become what you focus on. And this just reinforces the critical need for focus in your life. Being one of those crazy multi-venture entrepreneurs can not only be hectic and unorganized but can lead to a life turned up-side-down from focusing on too much at once. And to add to that, how you arrange your tasks determines the effectiveness of your time. Your tasks must be arranged in a manner that makes them easy to focus on.
Challenge #3. You need to be committed to succeeding and you have to have a full time mentality for each one of your ventures.
If you’re not serious, drop everything and pick one business to run with and to commit yourself entirely to it. Don’t “try” out a business, commit to a business(or businesses). The mentality of “I’ll try and see if it works” is an inevitable FAIL. Business never “works”, at least not in the conventional sense. What the “try out” mentality sees failure as is, “didn’t work” and then they quit and “try” the next “thing”. The “try out” mentality would have never permitted FedEx(which sent under 10 packages on the day of the launch, a few of which they sent to themselves) or Domino’s Pizza(a company with a founder who knew the meaning of being “broke” and who had to face roadblocks on every bend) from even starting never the less getting to where they are today.
Parallel entrepreneurs have always been a rare breed and even more prevalent since the days of the web and Online businesses. Parallel entrepreneurship is not for everyone, basically because not everyone has the unlimited drive, passion, resourcefulness or focus to get that crazy. Some business owners love being in business because of the freedom it gives them, which means more time for things other than business. Then there are the few people who eat, sleep(very little) and breathe business, these rare individuals see their life meaning in their ventures and are often very hard to tare away from their work.
Tags: Parallel Entrepreneur
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