February Check-in

Wew, another month flew by and let me tell you, I’m making some progress at building a sustainable part-time social media support business that would provide sufficient supplimentary income for my family (that’s my goal for this year).

Financially, January was very slow for me. Even though I was working on a couple of projects, they started fairly late into the month and weren’t going to be finished (and paid for) until mid-February. There was also a whole big time-crunch issue. Between all my other obligations, I started to doubt the possibility of building a part-time business.

Ok, so, fast-forward to the end of February. Some time at the beginning of the month I made a major improvement to my goal-setting process, thanks to Leo Babauta’s terrific The Power of Less book. The change was as simple as it was profound – I divided my big goal (the one in bold above, only with a $ attached) into 12 intermediate goals, each with its own $ amount.

This meant, that in February I had to make X dollars; in March – a bit more than in February; in April – a bit more than in March, etc. I specifically chose a very realistic, very achievable number for my February goal. Not only was I able to make that X amount, but, based on my Quickbooks report, I made triple the target amount! That makes me feel very positive and a lot less stressed-out. Lesson learned: small incremental goals work better than one big goal.

Now, let’s review some of my other goals for February:

1. Subscribing to 5 more interesting and relevant blogs – I ended up doing just the opposite – unsubscribing from a couple of the blogs I used to follow. I needed to declutter my Google Reader to get it ready for my new project (yes, another Elance project). I still follow quite a few blogs, but do it through one RSS feed from Alltop.

2. Commenting on blogs – here’s something I don’t understand about some blogs – if you don’t want comments, then why don’t you turn them off? It might sound astonishing, but some blogs take over a week to approve a comment. Which is still not bad compared to others who don’t approve at all because you express slight doubt about or disagree with the original post. Weird, isn’t it? Moving on…

3. Write 1 guest post – done; I guest blogged in a Lifestyle section on a local blog, North Hills Buzz.  

4. Develop a solution for my terrible time crunch – hmm, still working on it, but making some progress. Right now I’m trying a new approach and tweaking it as I move along. Don’t want to write about it until I get some more evidence that it works (or doesn’t). For now, I’d like to share this Lesson Learned: choosing projects that are basically the extension of my hobbies or interests was a great way of making the most out of the limited amount of time I have for both business and pleasure.

Feel free to brag about all the good stuff or share your concerns and problems right in the comments or by e-mailing me.

Related posts:

1. January Check-in
2. Best for Last – October 9, 2009
3. Thinking About Getting Into Social Media? Think Again!