Are you a multi-passionate entrepreneur? If so, you're in good company. Many successful entrepreneurs have multiple passions that they pursue simultaneously. And yes, you can actually make it work. Here are FOUR tips to help you balance your multiple passions and still achieve success in your business.
What is a Multi-Passionate Entrepreneur
Multi-passionate entrepreneurs are those with multiple income streams and businesses with a never-ending flow of ideas for more. They are highly creative with a variety of interests, which can make them feel torn between different business or project options. Many are risk takers, or would like to be once they've found their natural flow, and feel the need to try new things.
Usually, they've been told by others to focus on just one thing, but they can't seem to make that work for them. As a result, they either end up working on all of their projects simultaneously until they find a balance that feels right and sustainable for them or they tend to procrastinate as they are pulled in too many different directions.
1. Plan of Action
When you are a woman entrepreneur with multiple businesses and projects going at one time, it is important to have a plan of action for each one. Having a plan will help you stay organized and on track with each project and see where your resources are overstretched.
To write a plan of action, first identify the goal of the project and then break it down into smaller steps that you can take to achieve that goal.
Once you have your plan, implement it and monitor the success of each task and adjust as you go along.
The more you do this, you can use previous plans of action as templates for future projects.
It's not necessarily fun and exciting to create templates, SOP's (Standard Operating Procedures), Playbooks etc but if you want to grow, this is imperative.
2. Know and Set Priorities
With multiple businesses and projects, it is also important to set priorities. Not every project can be a top priority, so you need to prioritize which ones are the most important to you. This will help you focus your time and energy on the projects that are most important to you and your business.
This is where a lot of multi-passionate entrepreneurs fall down, myself included.
Priorities is some-what like a swear word. Like a petulant child stamping their foot at the injustice of it all.
It's something we learn how to overcome and use to our advantage, playing to our strengths in Empire Cultivation Ninjas.
You can do it!
3. Stay Organized
Any entrepreneur and business owner knows that staying organized is key to success. This is especially true if you're managing multiple businesses or projects at once.
Trying to keep track of everything in your head is a recipe for disaster.
That's why it's so important to have a central location for all your deadlines, tasks, goals and priorities. If your ultimate goal is for global domination then start as you mean to go on and use an online project management platform. We use and highly recommend ClickUp, but there are plenty of other options out there such as Asana, Notion, Monday.com and Trello. Find what works for you and stick to it. This will help you stay on top of everything, pre-empt any upcoming scheduling issues and avoid missing any important details.
4. Don't Be Afraid to Delegate and Automate
As women entrepreneurs, we often wear many hats and try to do everything ourselves. However, as our businesses grow, it becomes impossible to do everything ourselves. That's where delegation comes in. Delegating tasks to others can help us focus our time and energy on the most important tasks.
There are a number of ways to delegate business tasks depending on your budget.
- Hire someone for one-off tasks from places like Fiverr or Upwork.
- Hire a service specific business such as a virtual assistant (VA), social media manager etc on a retainer. They have their own business and you pay them for the number of hours they work for you on a regular basis.
- Hire a team using an agency to cover a whole department, such as web development, marketing, sales etc. You hire the agency and they manage the team and tasks for you.
- Hire a part-time or full-time team member as an employee. Hiring as an employee means they are fully focused on YOUR business and often they require training to do the tasks the way you want them done. Many will come with experience that you can draw upon in updating your current procedures.
Now, for some reason, as women we forget that we can also delegate household tasks. Depending on where you live, you can delegate ever aspect of running a household from cleaning, cooking, pool maintenance, gardener, personal shopper etc.
Think how much free time those hires could create for you!
Another way to reduce the amount of work we need to do is by automating tasks. Automating as many tasks as possible can free up our time so that we can focus on more productive tasks. For example, we can use automation tools to handle our social media, customer service, or even sales and marketing.
I totally geek out over automations! If you've ever booked a free consultation with me you'll see that from a button on my website, you are taken to book a date/time with me, then it will set up a Zoom meeting for us and send out a confirmation and reminder email about our meeting. It's ALL automated.
There are thousands of automations out there that can make your business life easier and by delegating and automating, we can focus our time and energy on the most important tasks and grow our businesses more effectively.
In Conclusion
If you’re like me, and you have many interests and passions, it can be tough to focus on just one thing. But being a multi-passionate entrepreneur doesn’t mean having to give up anything.
With careful planning, knowing your priorities, staying organized, and delegating and automating tasks, you can have it all.
Are you ready to achieve global domination now?