Thread: 2 projects at the same time?

If you are good at managing your time and people, you can do 50 things at once..

Sadly most people fail when they have to do more than one thing at a time.

So if you can do it, why not..

100% of the time I have more than 1 project/revenue stream in motion, preferably in non-identical but synergistic industries. I want to use a shared infrastructure, but not have all of my eggs in a single basket.

The risk is that by taking away your focus from #1, it goes to hell, and since you never gave your full attention to #2, it never takes off.

It's possible to juggle many small tasks, but the larger the task, the more difficult it is to juggle. And it sounds like you've got some very large tasks (don't forget on #2 - it's always more work than you think it will be).

I personally don't believe anyone can give 100% on multiple large projects. Either one requires all the energy and the other suffers, or neither one receives enough energy and they both fail.

You're the only one who can be the judge of if can handle two huge projects at once.
Personally I think its a risk as before you know it both ideas can go down the pan if they do not have 100% of your focus and commitment. Also worth noting that your mobile idea will not be as easy as you think. Dealing with outsourcers can be a nightmare you often have to keep a close eye on their work.

Thanks everyone. I probably should not have even made this post. I know what I have to do. I will just sit on this one or just let it go, so I don't lose focus.

Originally Posted by johnp

Thanks everyone. I probably should not have even made this post. I know what I have to do. I will just sit on this one or just let it go, so I don't lose focus.

Think that's the right decision

I'm sure you don't want to share you mobile idea but I'm intrigued into what could produce 3k per year for the end user. Is it some kind of productivity app?

Good luck with the network.

Thanks! I am not going to share the exact details of it because I might want to develop it in the future. It is not a productivity app, although it can make people more productive in a way. The app is based around supply and demand of a certain product, combined with gps. My plan was actually to develop this app with the intent to make an early exit sale so I could focus on my main company.

Just a thought, but you may consider licensing your second pet project after some initial development. That way the licensee does all the marketing and you get paid royalties. Would cut your work load down a bit and reduce your costs. Of course profits not as much, but heck if you got 50% of what you projected for half the work that seems okay to me.

"My profit projections for a stable year appear to be well over 50 million. It will cost me around 12k to develop the web interface, API, and application. This idea should be fairly easy to implement and I would imagine that it will sort of take off on its own. In addition, I would be outsourcing the work, so all I need to do is tell the developers what to do, aside from some administrative leg work."

If you're just going to sit on your idea or let it go, something tells me you don't really believe the above.

Entrepreneurial A.D.D or EADD for short. Pronounced EEEE - ADD (from the word addition)

Execution is everything... Oh I just thought of a trillion dollar idea I have to cut this short

If you're just going to sit on your idea or let it go, something tells me you don't really believe the above.

Depends on how you look at it. I am already worked 40 hours per week at my full time job, I'm working close to another 40 hours per week with starting my business, and planning a wedding. It's really a matter of not having the time. So if I have something that could possibly be so good, then why move on it too early?

And a projection is worthless unless it actually happens.

Entrepreneurial A.D.D or EADD for short. Pronounced EEEE - ADD (from the word addition)

I have actually read a little about something like this. I get a new idea every day. I think this is good and bad. It keeps the creative thought going, but it can be distracting.

Execution is everything...

Got that right...and a great idea can easily fall if the execution sucks

Just a thought, but you may consider licensing your second pet project after some initial development. That way the licensee does all the marketing and you get paid royalties. Would cut your work load down a bit and reduce your costs. Of course profits not as much, but heck if you got 50% of what you projected for half the work that seems okay to me.

Interesting idea..thanks for the post