Monday 29 September 2014

Is it a full-time job to set up a full-time business?


I've often heard the phrase "finding a full-time job is a full-time job" but is starting a full-time business a full-time job?

I currently work 37.5 hours per week, add in lunch breaks and commutes then I'm out if the house for work just over 9 hours a day. Now regular readers will know that I'm looking at moving location with my employer and this will increase the time out of the house. Given the fact that I have a wife, 2 children and other commitments, do I leave myself enough time to go about setting up my estate agency?

These are all really rhetorical questions and are to get me thinking as much as anyone who reads this, but the point of open g an estate agency is because I believe that I'm very good at it and that I can do it far better than my competitors.

Am I doing myself and my fledgling business a disservice by not allowing enough time to be spent on setting it up properly?

I still don't know whether I think that the remaining 238 days I have set myself are a really short period of time or a really long period of time, in fact I regularly flit between the 2 states of mind.

Simple maths-

238 days /7 = 34 weeks

Every other week I have a day off in the week when the kids are ar school, and these are the best days to get anything done. This applies from 9am to 3pm.

Every week I start late on a Tuesday, so I get approximately 2.5 hours there to spend.

This is 11 hours per fortnight, so an average of 5.5 hours per week, so a rough total of 187 hours. Then take away the weeks where the kids are not at school, so it may be down to 150 hours.

It is clear to me that this isn't enough, even adding in extra for late evenings and  holiday days.

So, what's the answer? I need to pay the bills, feed the kids, etc but the long-term view is that I work for myself, work the hours I want and be happier and better off.

Monthly budgeting tomorrow. I'll show you my workings out.
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