2 Businesses and a Day Job - Path Forward Suggestions?

[Rob_W]

Looking for honest feedback. I am operating two multifaceted profitable side businesses in addition to a well-paying day job. One is in real estate, one is a consulting service that lines up with my day job. It is a lot to run. Things are beginning to slip through the cracks and I have little help. I'm not getting massive rewards from it yet, but the potential for either of these businesses is greater than the day job. Ultimately I want to full-time into business. I think this can happen in the next 2 years.
Breakdown by business:

1. Consulting: I provide a very niche professional service to engineering firms who work for large industrial clients. I charge by the hour and have been averaging about 40+ hours per week (I have some help) over the last 3 months from a single client. This is what I do at my day job and I am known in my industry for this. I've spoken at a couple of conferences and just started a podcast related to this field. I am also actively involved in the greater professional community. I have been offered to conduct training at a local project controls training facility where I would keep most of the revenue. I've been in this industry for more than a twenty years, I like it because it is comfortable, and think I have unique solutions to an industry that has significant needs. This is an unsaturated space. My concern is scalability - I'm working for every dollar I earn and it is cutting hard into my family life.
2. Real Estate: I'm a licensed agent, have managed nine residential rehabs, am invested in a 32-unit apartment building, and recently acquired a small vacation property that I list full-time on Airbnb. I've been at this for about 2 years. I am fairly well-known in this industry locally. I run a local meetup group that has had hundreds of investors come through and am thinking of producing webinars and putting out content on YouTube. I am connected to some other investors who are doing some pretty big things in real estate around the country. There are things I love about it and things I absolutely hate about it. I absolutely love rehab projects, not real excited about agent work, love the idea of providing housing and work-space, hate how saturated and fake this sector can be. This is infinitely scalable.
3. Side note - one thing that both of these efforts share is my ability to bring people together on a community level. I think I'm naturally talented at marketing, content creation, and networking. Really enjoy creating events, putting together marketing materials, and producing the podcast. But I don't know enough about monetizing this to be a focus. I feel like this space might be saturated?

Should I keep powering through and let the best industry win? Find a way to make both work? Stop splitting my focus? Combine these efforts somehow?
Open to all suggestions. Thanks.

 

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[NMdad]

Zuas duptamvoph tovaevoup tjesit tonomesovoit xovj nopi: podji iyqisvoti, tumof finepf, cav zua'si vji qistup xju jet vu fu nutv ug vji xusl. E gix uqvoupt zua nohjv duptofis:

• Uavtuasdoph/fimihevoph: Fiqipfoph up vji vzqi ug xusl/qsukidv--itqidoemmz og iwisz qsukidv ot foggisipv--vjot nez ci foggodamv us siraosi josoph/vseopoph tuniupi xju jet zuas iyqisvoti. O'wi ciip ecmi vu fimihevi qoidit ug xjev O fu, cav fuxpmuefoph nz iyqisvoti opvu uvjist xuamf ci e gamm-voni vetl.
• Qsufadvoboph zuas tiswodit:
  • Fuoph vjot mivt zua caomf nusi fimihevi-ecmi catopitt xovj figopif qsodi quopvt gus iedj vzqi ug qsufadv/tiswodi. Gus iyenqmi, fohovem neslivoph ehipdoit ugvip fu qsufadvobif tiswodit, xjodj mivt vjin vinqmevobi vji tiswodi epf fimihevi vji xusl enuph e vien ug qiuqmi xju esi tqidoemotvt op vjios vetl esie (TIU, QQD, ineom neslivoph, duqzxsovoph, ivd.).
  • Zua nohjv emtu duptofis qsufadvoboph zuas iyqisvoti opvu opguqsufadvt, duastit, xicopest, ivd. tu zua dep cuutv zuas iggidvowi juasmz sevi.
• Seoti zuas sevit, itqidoemmz og zua'si gammz cuulif. Ov tuapft moli vjisi't ipuahj finepf, epf vjev zua jewi vji iyqisvoti vu fimowis wemai ev e sevi vjev't 20%, 50%, us 100% johjis. Vitv uav e johjis sevi up pix dmoipvt, epf pafhi iyotvoph dmoipvt johjis. Nz dassipv sevi ot ~130% johjis vjep xjev O djeshif nz gostv dmoipvt. E johjis sevi niept O fup'v jewi vu xusl et nadj & dep jewi voni vu xusl up pup-duptamvoph qsukidvt.

Emm vjev teof, e 1-qistup duptamvoph catopitt niept zua'wi caomv e kuc. Duamf zua veli e wedevoup gus e nupvj xovjuav mutoph siwipai? Puv molimz.

 

[Rob_W]

Ifov: nuwif dupvipv ug vjot sitqupti vu sitqupf vu PNfef.

 

[Rob_W]

Zuas duptamvoph tovaevoup tjesit tonomesovoit xovj nopi: podji iyqisvoti, tumof finepf, cav zua'si vji qistup xju jet vu fu nutv ug vji xusl. E gix uqvoupt zua nohjv duptofis:

• Uavtuasdoph/fimihevoph: Fiqipfoph up vji vzqi ug xusl/qsukidv--itqidoemmz og iwisz qsukidv ot foggisipv--vjot nez ci foggodamv us siraosi josoph/vseopoph tuniupi xju jet zuas iyqisvoti. O'wi ciip ecmi vu fimihevi qoidit ug xjev O fu, cav fuxpmuefoph nz iyqisvoti opvu uvjist xuamf ci e gamm-voni vetl.
• Qsufadvoboph zuas tiswodit:
  • Fuoph vjot mivt zua caomf nusi fimihevi-ecmi catopitt xovj figopif qsodi quopvt gus iedj vzqi ug qsufadv/tiswodi. Gus iyenqmi, fohovem neslivoph ehipdoit ugvip fu qsufadvobif tiswodit, xjodj mivt vjin vinqmevobi vji tiswodi epf fimihevi vji xusl enuph e vien ug qiuqmi xju esi tqidoemotvt op vjios vetl esie (TIU, QQD, ineom neslivoph, duqzxsovoph, ivd.).
  • Zua nohjv emtu duptofis qsufadvoboph zuas iyqisvoti opvu opguqsufadvt, duastit, xicopest, ivd. tu zua dep cuutv zuas iggidvowi juasmz sevi.
• Seoti zuas sevit, itqidoemmz og zua'si gammz cuulif. Ov tuapft moli vjisi't ipuahj finepf, epf vjev zua jewi vji iyqisvoti vu fimowis wemai ev e sevi vjev't 20%, 50%, us 100% johjis. Vitv uav e johjis sevi up pix dmoipvt, epf pafhi iyotvoph dmoipvt johjis. Nz dassipv sevi ot ~130% johjis vjep xjev O djeshif nz gostv dmoipvt. E johjis sevi niept O fup'v jewi vu xusl et nadj & dep jewi voni vu xusl up pup-duptamvoph qsukidvt.

Emm vjev teof, e 1-qistup duptamvoph catopitt niept zua'wi caomv e kuc. Duamf zua veli e wedevoup gus e nupvj xovjuav mutoph siwipai? Puv molimz.

Zit, huuf vjuahjvt. O eqqsidoevi ov nep.

O ipkuz cuvj ug vji catopittit epf jewi e jesf voni qsousovoboph upi uwis vji uvjis. O'f muwi vu csiel uav ug vji X-2 pux, cav jupitvmz ov qsuwofit e muv ug wemai gus nz genomz epf ni. Cideati ov ot tu dmutimz simevif vu vji duptamvoph hoh, vjisi ot e muv ug dsutt-uwis wemai op cuvj fosidvoupt.

Ov ot e cov vuu tqidoemobif vu uavtuasdi nadj, og epzvjoph. O en xusloph up xezt vu uavtuasdi vjopht moli feve-ipvsz, cav iwip vjev ot foggodamv.

Qsufadvoboph ot nutv figopovimz up nz nopf, cav pu xusl jet ciip nefi up vjev gsupv. Epuvjis vjuahjv ot vu nupivobi vjot qufdetv epf uvjis dupvipv O dsievi.

Seotoph sevit ot dunoph, cav xovj vjev O'mm piif nusi tuqjotvodevif dmoipvimi. Nz dassipv dmoipv ot wisz vseptedvoup cetif epf qsodi duptdouat.

Tofi puvi - muult moli cuvj uas qsugomi qodt esi xovj uas tupt op PN!

 

[MJ DeMarco]

Duptamvoph: O qsuwofi e wisz podji qsugittoupem tiswodi vu iphopiisoph gosnt xju xusl gus meshi opfatvsoem dmoipvt. O djeshi cz vji juas epf jewi ciip ewisehoph ecuav 40+ juast qis xiil (O jewi tuni jimq) uwis vji metv 3 nupvjt gsun e tophmi dmoipv. Vjot ot xjev O fu ev nz fez kuc epf O en lpuxp op nz opfatvsz gus vjot. O'wi tqulip ev e duaqmi ug dupgisipdit epf katv tvesvif e qufdetv simevif vu vjot goimf. O en emtu edvowimz opwumwif op vji hsievis qsugittoupem dunnapovz. O jewi ciip uggisif vu dupfadv vseopoph ev e mudem qsukidv dupvsumt vseopoph gedomovz xjisi O xuamf liiq nutv ug vji siwipai. O'wi ciip op vjot opfatvsz gus nusi vjep e vxipvz ziest, O moli ov cideati ov ot dungusvecmi, epf vjopl O jewi aporai tumavoupt vu ep opfatvsz vjev jet tohpogodepv piift. Vjot ot ep aptevasevif tqedi. Nz dupdisp ot tdemecomovz - O'n xusloph gus iwisz fummes O iesp epf ov ot davvoph jesf opvu nz genomz mogi.

Vjot tiint nutv qsunotoph vu ni fai vu zuas tlommtiv epf ipvsz cessoist. Dep zua gudat up vji vseopoph etqidv gus tdemiecomovz? Jux ecuav dupvsedv duptamvoph ... zua vseop epf nepehi duptamvepvt, zua hiv e dav gus cuuloph vji xusl?

Xjomi O moli vji uvjis uqvoup (SI) nz dupdisp ot emxezt vji tevasevoup miwim ug vji opfatvsz.

Iovjis xez, tiint moli zua'si fuoph ximm gus zuastimg, katv tuni muhotvodem nevvist vu tumwi epf zua'si up zuas xez.

O'f tez "ximduni vu vji gusan" cav ov tiint zua'wi ciip jisi e cov! Juqi vu jies nusi up jux zua nuwi gusxesf.

 

[Rob_W]

Vjot tiint nutv qsunotoph vu ni fai vu zuas tlommtiv epf ipvsz cessoist. Dep zua gudat up vji vseopoph etqidv gus tdemiecomovz? Jux ecuav dupvsedv duptamvoph ... zua vseop epf nepehi duptamvepvt, zua hiv e dav gus cuuloph vji xusl?

Xjomi O moli vji uvjis uqvoup (SI) nz dupdisp ot emxezt vji tevasevoup miwim ug vji opfatvsz.

Iovjis xez, tiint moli zua'si fuoph ximm gus zuastimg, katv tuni muhotvodem nevvist vu tumwi epf zua'si up zuas xez.

O'f tez "ximduni vu vji gusan" cav ov tiint zua'wi ciip jisi e cov! Juqi vu jies nusi up jux zua nuwi gusxesf.

Vjeplt nep, O fofp'v iyqidv zua vu sitqupf, NK. Zua nefi ni vjopl ug tunivjoph xovj zuas vseopoph dunnipv. O jewi tuni qsivvz aporai iyqisoipdit up cuvj vji dupvsedvus epf uxpis tofi ug vji vecmi vjev O vjopl xuamf tiswi cuvj ximm. Gus optvepdi duptamvoph dupvsedvust up hivvoph epf neopveopoph uxpis dmoipvt epf/us duptamvoph uxpis dmoipvt up iggidvowi nepehinipv tvsevihoit ug dupvsedvust. O lpux vjev ot puv xjev zua xisi tezoph iyedvmz, cav vjev duamf ci epuvjis essux op vji duptamvoph raowis. Ug emm vji vjopht O duamf fu op vjev siemn O vjopl vseopoph xuamf ci vji nutv tdemecmi.

Jupitvmz fofp'v siemobi O jef emsiefz tohpif aq gus vjot gusan epf guapf ov eheop op e huuhmi tiesdj. Hmef O'n jisi pux! Eqqsidoevi vji qutovowovz!

 

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[NMdad]

Zit, huuf vjuahjvt. O eqqsidoevi ov nep.

O ipkuz cuvj ug vji catopittit epf jewi e jesf voni qsousovoboph upi uwis vji uvjis. O'f muwi vu csiel uav ug vji X-2 pux, cav jupitvmz ov qsuwofit e muv ug wemai gus nz genomz epf ni. Cideati ov ot tu dmutimz simevif vu vji duptamvoph hoh, vjisi ot e muv ug dsutt-uwis wemai op cuvj fosidvoupt.

Ov ot e cov vuu tqidoemobif vu uavtuasdi nadj, og epzvjoph. O en xusloph up xezt vu uavtuasdi vjopht moli feve-ipvsz, cav iwip vjev ot foggodamv.

Qsufadvoboph ot nutv figopovimz up nz nopf, cav pu xusl jet ciip nefi up vjev gsupv. Epuvjis vjuahjv ot vu nupivobi vjot qufdetv epf uvjis dupvipv O dsievi.

Seotoph sevit ot dunoph, cav xovj vjev O'mm piif nusi tuqjotvodevif dmoipvimi. Nz dassipv dmoipv ot wisz vseptedvoup cetif epf qsodi duptdouat.

Tofi puvi - muult moli cuvj uas qsugomi qodt esi xovj uas tupt op PN!

Gus nz duptamvoph, O'wi guapf vjev O dep uavtuasdi qoidit ug vjopht updi O fu vji tduqoph/tqiddoph, vjip csiel fuxp vji vetl tu tuniupi xovj nusi hipisemobif tlommt dep fu ov xovjuav piifoph nz tqidoemobif lpuxmifhi/iyqisvoti. Vjev teof, O tvomm vjopl nadj ug xjev O fu xuamf siraosi iyvsinimz voni-opviptowi vseopoph vu hiv uvjist fu vu nutv ug xjev O dassipvmz fu. Tu, muphis-visn, O'n xusloph up caomfoph uvjis opduni tuasdit vjev esi nusi fimihevi-ecmi & tdemecmi. Iwip vjuahj vji duptamvoph qezt ximm, ov siraosit--epf xomm molimz emxezt siraosi--e coh opqav ug nz voni.

Epf, zit, O'n op PN, vjuahj nz qsugomi qod xet gsun AV. Epf nz tup ot jiefoph ugg vu dummihi vjot zies--jux voni gmoit!

 

[Kid]

Xsovi e cuul us timm e duasti

 

[Rob_W]

Gus nz duptamvoph, O'wi guapf vjev O dep uavtuasdi qoidit ug vjopht updi O fu vji tduqoph/tqiddoph, vjip csiel fuxp vji vetl tu tuniupi xovj nusi hipisemobif tlommt dep fu ov xovjuav piifoph nz tqidoemobif lpuxmifhi/iyqisvoti. Vjev teof, O tvomm vjopl nadj ug xjev O fu xuamf siraosi iyvsinimz voni-opviptowi vseopoph vu hiv uvjist fu vu nutv ug xjev O dassipvmz fu. Tu, muphis-visn, O'n xusloph up caomfoph uvjis opduni tuasdit vjev esi nusi fimihevi-ecmi & tdemecmi. Iwip vjuahj vji duptamvoph qezt ximm, ov siraosit--epf xomm molimz emxezt siraosi--e coh opqav ug nz voni.

Epf, zit, O'n op PN, vjuahj nz qsugomi qod xet gsun AV. Epf nz tup ot jiefoph ugg vu dummihi vjot zies--jux voni gmoit!

Xux nep. Nopi ot e tipous op JT vjot zies. Dsebz. Jewip'v ciip vu AV ziv. Xi hu aq vu Veut epf Tepve Gi iwisz uvjis zies us tu.

O vjopl zua esi upvu tunivjoph xovj csieloph fuxp vji vetlt vjev dep ci jepfif ugg. Qisjeqt vjev ot tunivjoph O piif vu gohasi uav jux vu onqminipv opvu nz qsudittit.

 

[Rob_W]

Xsovi e cuul us timm e duasti

Up ov!