Remain Focussed

I've mentioned having multiple income streams to achieve the £10k per month target. When it comes to managing my activities on the different streams, it can be tricky. I find it more of an art than a science, usually aided by some structure or planning.

I like the advice in the article over at InspiredMoneyMaker about how to juggle multiple streams. The main piece of advice that everyone should take note of is a typical personal development concept: Finish what you start.

The corollary of that is to know when to quit. Quitting is finishing. That's an important point to realise.

What I want to add to that we should all consistently evaluate the progress of our activities. It's ok not to finish if you know when the finish point will be. Performing a task indefinitely often leads to a lot of wasted time, unfocussed effort and generally a lack of tangible results. You may end up with lots of progress, but until it's tangible in a way you intend to measure it (e.g. number of widgets moved, income, etc), then does it count?

Another side to this is that a lot of activities will require a sustained effort over a period of time, e.g. months. To try something for a week or two may not be enough and you could end up giving up too early. Fortunately, if you look around on specialist forums, there's a lot of useful advice about the critical mass required for any activity to return results.