I’ve spent the past 2 hours rewriting and redesigning my Web Enterprises page. For those of you who are not familar with my businesses, myself, along with a couple business partners, are currently developing 5 separate businesses, with a few others in the works. This may seem like a lot for a 22 year-old who is still in school full time, and you are damn right. My time outside of school and business is pretty much nonexistent. However, business development is my true passion, and I would not spend my time in any other manner than creating my future.
Many people are comfortable working for someone else their entire life. I am not. Ever since I have been a little boy, my self-employed and very successful father has encouraged me to break away from the norm by starting my own business and creating my own future. Many good conversations with him over the years has left a strong imprint on what I consider to be “true success.” To me, true success only comes from clearly defining where you want to be, and then taking every step necessary to work towards that goal. My goal is to be financially independent by age 30. This does not imply that I would stop working at that time. Far from that, I love what I do and want to develop businesses for the rest of my life. There is no greater satisfaction that seeing my ideas turn into reality. And then turning that reality into one of ultimate success.
Anyways, I added a logo-banner for each of our current startups and a more detailed description of the business goals and current state of affairs. By the way, we are VERY close to hiring part-time employees for each business, so if you notice a startup that you are particularly interested in, and you’ve got great skills, please contact me ASAP. I would prefer locals, aka the Phoenix-Scottsdale area, but I would be willing to consider long distance relationships depending on what you bring to the table.
Check out My Web Enterprises and let me know what you think.
That’s all for now.
I thought it would be fitting to add a new topic of discussion, as it something I will become quite familiar with over the next year – business development. For those of you who have not read my page about My Web Enterprises, I am currently developing four businesses with two partners. Our goal at the end of the year is to have a least two people employed part-time at each business. By 2008, our goal is to open our own office in the Phoenix area and start hiring managers.
This next year is going to be quite the entrepreneurial journey and a ton of hard work, but I wouldn’t want it any other way right now. I am almost 23, so if I can achieve those goals over the next year, I think it will be quite remarkable. I plan to keep my readers updated of my progress every step of the way. Additionally, I plan to write a book over the next year about business development as an Web Entrepreneur.
At some point in every busy web developer’s life, he or she finds out that there are too many projects and not enough time. Right now, for example, I have four separate projects I need to have nearly finished in the next week. Not to mention, I have school and the blog I need to be updating.
So, the question becomes, how does one prioritize the most important projects and work efficiently? First of all, listing your projects helps as far as prioritizing which ones should come first. Here are the web sites I need to have at least 90% finished by the end of this week:
- Cultural Media Collaborative – This is a site for a non-profit organization in New York City that specializes in filming documentaries. This client paid half up front and I should have it nearly finished this week.
- Treo Express – This is a new blog/news site for the Palm Treo smartphone. This is a joint project by two other business partners and myself.
- Dot Com Moguls – This is my domain investing business. Our web site will provide links and information about the roughly 170+ domains we are looking to sell.
- Another new blog project – this blog is actually for my Mom and her group of friends. I am doing this project for free, because it’s for my Mom! Nonetheless, this blog will require significant design work from start-to-finish.
Here are the qualifications I use to determine project priority, in order of most important to least important.
- Deadlines. Which project has the closest deadline? In my case, the web site for Cultural Media Collaborative should be nearly done by the end of this week. I still have a Flash header to intregrate into the site and this should take at least 10 hours. Projects with deadlines for clients should be taken care of with special attention. If you can meet all requested deadlines with clients, they are much more likely to recommend you to others. Even if you can’t meet a deadline, at least be upfront with your client and let them know you are running behind. Good communication can’t be more important when working with clients.
- Which projects have paid up front? The projects that have paid half upfront deserve priority. Personal projects should always take a backseat to paid client work. If you are doing a free project for someone, you must make it clear that paying clients have prority, because afterall, this is your job.
- Which projects will put the most money in your pocket? Money is especially important for the freelancer, because without it, we don’t get to eat! In the case of Treo Express, this project has the higest potential for financial returns because of the “Hot Deals” page we will be implementing. This project has a higher PPL than Dot Com Moguls, for example, because advertising DCM is less likely to produce many sales.
Oftentimes with how hectic life becomes, one forgets about the need to always be setting priorities. I believe that by setting priorities to each project, we are able to work most efficient and consistently.