Consistency. Consider for a moment the following:
- Consistently working 40 hours a week (for someone else) = fixed paycheck twice a month
- Consistently working 40 hours a week (for yourself) = no guaranteed bi-monthly paycheck, but potentially limitless earnings over a lifetime
Those who work a traditional 40 hour week for someone else trade their time for a guarantee. In return for those 40 hours of work they receive a guaranteed source of income. They may also receive a pension and health benefits. If they live within their means and save they may have the opportunity to one day purchase a home. Perhaps they get to take vacations. It’s an entirely honorable life. My parents did this and they seem to be happy.
The thing about working for someone else is that you have to show up. You have to go in when you’re tired. You have to go to work when you don’t particularly feel like it. That’s the trade off for the regular paycheck. The payoff to this approach is that the consistency involved reaps exponential rewards. If you show up and work for someone else for 40 years, live within your means and invest 10 percent of your check twice a month, and you’ll probably be able to afford that retirement place in Boca Raton with the annual trip to Cancun.
It’s the law of exponentiality: If you do something (anything) consistently, the payoff is exponential.
I want that exponential payoff. What I want to do is apply this “40 hour week” type of thinking to my own self-employed life.
To that end, I’m proposing a tiny 2 day challenge:
For the next 2 days I will clock in and clock out for an 8 hour work day. I will approach my day as though I was working for someone else.
We’ll call this “someone else” that I’m working for “CEO Me”, and “CEO Me” wants to make it clear what he expects of his employee:
What my work is:
- The book
- Sending out headshots/resumes
- Working on my voice/speech
- Reading a play
- Working on a monologue
- Practicing
- Songwriting
- Contact development
- Brainstorming / Developing new income streams
- Anything else I can think of as I go along
What my work isn’t:
- Working on my personal website/blog
- Working on my photo gallery
- Reading bloglines
- Watching TV
- Watching movies
- Doing laundry
- Doing housework
- Doing home repairs
- Grocery shopping
- Running errands
- Anything else that I can think of as I go along
For today and tomorrow, I’ll clock in at 9 a.m. and clock out at 5:30 p.m. (Tomorrow, I may clock in at 8 or 8:30 to accomodate my schedule, but we’ll see…). I’ll put in 8 hours on the work listed above. I’ll take a 30 minute break for lunch. I don’t expect this to go perfectly. I’ll check in with an update to assess how it went.
–Update: Thursday 7/6/06–
My 8 hour day is officially over. I was in at 9, took a 30 minute lunch break at 1:30 or so, and finished at 5:30. Alot of the day was spent working on an organizational chart for “Me: The Company”… Figuring out all of the things that I do as a self employed person and figuring out how to best delegate responsiblities to my multiple employee personalities. It was helpful, and I think will clarify my work for tomorrow. I did have a time in the morning, and once in the afternoon where I got really sleepy, and took a couple of 30ish minute catnaps. I know that if I was officially in an office, I’d be fired by now for that, but I did say that I knew this wasn’t going to go perfectly, so I’m going to cut myself some slack. We’ll see what tomorrow holds.
–Update: Friday 7/7/07–
In at 8, out at 4:20 today. I moved my schedule earlier because of an afternoon appointment which I’m racing to now. I think I was somewhat more productive today. I ate an apple in the mid morning, which headed off the big sleepy moment. Must be a low blood sugar thing. Ate lunch at my desk today, because I need to head out early, though at this point it looks like it’s not as early as I’d hoped. Managed to get alot of my home tidying done in the morning, which is good. This has been a positive couple of days. I feel like even if I’ve not been completely productive yet, at least I’m trying. I can walk away from the desk knowing I’ve not pissed the day away completely. I plan to work more with this schedule in the future.
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2 Day Challenge: 9 to 5 Day
Start date: Thursday, 7/6/06
Check-in date: Friday, 7/7/06