Reib Law - July 2021

...CONTIUNED FROM COVER

4. DEVELOP A SCHEDULE AND STICK TO IT.

5. DON’T NEGLECT YOUR FOUNDATION.

Of course, if you’re already running a business or working a 9-to-5 job, you’re likely going to have limited time to work on your side hustle. That’s why it’s called a “hustle” — you have to hustle to make the venture pay off. This is where time management is critical.

One key way to maximize the time and productivity spent working your side hustle is to streamline the tedious — yet critical — business-management tasks involved with running any operation. From keeping financials and creating solid agreements to

First, you’ll need to determine how many hours you think you can spend each day on your side gig and block out those times using Google Calendar or another time blocking app. You’ll also need to find the times when you’ll have the most focus and energy. Whether it’s setting aside extra time in the morning, evenings, or weekends, tailor your side job schedule around when you’ll be the most productive. From there, you must make those work times as non-negotiable as your day job or primary business venture. If you simply work whenever you feel like it, you’re unlikely to make progress, you’ll get discouraged, and your venture will fall flat.

managing taxes and insurance, these things may not be very glamorous, but ignoring them can seriously stunt your budding business and even lead to financial ruin if you’re sued or audited.

If you would like a little extra help to get

organized, you can download my audio

course, “The First 90 Days,” by clicking REIBLAW.com/ shatterproof-audit.

GET THE DROP ON FRAGMENTED SYSTEMS WITH DROPBOX BUSINESS

Any entrepreneur who spends a good chunk of their day sitting in front of a computer is going to be a fan of tools that integrate the essential functions of their business. That’s why, if you’re a business owner, you should consider using Dropbox Business to consolidate all your files, programs, and processes into one place. Now, you might be thinking: Dropbox, the program for sending and storing files? How can that help me with all the programs and files I need to maintain to keep my business running? Well, Dropbox Business does a whole lot more than that. For starters, Dropbox Business is your one-stop drop destination for files of all kinds, whether they be PowerPoints, spreadsheets, documents, or anything else. If you previously kept it in the cloud or on a hard drive, you can make those files right at home in Dropbox Business. Additionally, Dropbox Business integrates seamlessly with other important workplace programs, such as Slack and Zoom. Now, you won’t have to have separate windows open

for all those different programs — you can access them all in one convenient place. Ultimately, these features all make Dropbox Business an ideal, integrated tool for small- and mid-size businesses. There are currently three different Dropbox Business plans that entrepreneurs and businesses can buy into: the Professional, Standard, and Advanced plans. If your business is a party of one, the Professional plan should work for you, and it only costs $19.99 per month ($16.58 if you pay for the whole year). The Standard and Advanced Plans are offered for teams and cost $15 and $25 per month ($12.50 and $20 annually), respectively. Each plan comes with a certain amount of storage space (the Advanced plan is unlimited) as well as other distinct features. So, if Dropbox Business sounds like the kind of tool your business could benefit from implementing, don’t hesitate to visit Dropbox.com/Business/plans-comparison to see which plan would be right for your business with a 30‑day trial!

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