I recently acquired a second job in addition to my regular 8-5 corporate job. It was meant to accomplish two things: 1. Give me practical experience in the field in which I aim to start a business one day, and 2. Give me a little extra income to put toward
savings for a house and
investments.
I thought long and hard before deciding to take on a second job. Would I be able to handle the hours out of my social life and other entrepreneurial ventures? What toll would it take on my primary job/career? Were my reasons solid enough to keep me interested and motivated when I got tired and missed the beach?
It’s important to understand that my second job was not driven by the second reason – additional income. In "
Rich Woman," Kim Kiyosaki talks about finding your Why, the thing that is going to keep you going when you want to give up, when you want to be a ‘normal’ person instead of spending all of your free time like some kind of freak who has two jobs and two companies to run.
Ahem…
My Why in this case is establishing my own coffee bar. I never imagined I could ever do anything so bold as owning my own café, but
one fateful encounter brought me to the realization that given the right Why, I am capable of almost anything. And while I feel that my Why is a very strong one, I found myself burnt out and near tears at the end of my second weekend of my new job, screaming in my head that today will be the last day I work here.
Luckily for me, one of the other cafés I had applied to at the same time as Job A called me for an interview. I rushed from the end of my shift to the interview. This new place was
heaven. It was exactly what I had wanted in the other job but wasn’t getting. The owner sat in on the interview and got excited as I answered the “What is your defining characteristic or passion?” question promptly and firmly: “Entrepreneurship.”
This was the ideal situation. The owners were starting this shop from scratch after they dreamed about it for a year or two. They were excited to take me under their wings and show me what they did and were doing. The shop also hadn’t opened yet, so I got to see everything from the ground up. I have been trained on all elements of the business, whereas the other job had me working only in one area, and it had nothing to do with coffee. Bonus: They were completely understanding and sensitive to me having a full-time job and the need to have a weekend day off (I could only work 7-hour shifts every weekend day at the other café).
Establish your WhyIt is crucial that you have a rock-solid Why before you go into a second job. Ask yourself what you want to accomplish with your new job. Are you trying to gain experience to add to your resume or for a future endeavor? Are you working for additional income? If so, establish a really great Why for how you intend to use the money you make from it. Your free time is worth a lot, and most part-time jobs aren’t going to pay a lot.
There has to be a bigger pay-off besides money. If you are saving for a new home or for an investment, then establish this as your Why.
Use your Why when the going gets toughEven with the new, totally amazing job that I
love, love, love, I still get tired. When it’s Saturday midnight and I’m finishing my shift for the second night in a row, I think about my girlfriends and how they are probably out dancing after a day at the beach. As I start down that slippery slope I close my eyes and conjure up images of my own future café. I picture my employees, my couches, me chatting up the regulars. I throw in the added bonus of imagining leaving my café and going home to that house I’m saving up for from the additional income. Once I’m home and in bed, I know I wouldn’t be happy doing it any other way.
Define what you want from your second jobWhat days and hours do you want to work? Exactly what functions would you like to be serving and what role would you like to be in? Define the ideal situation before you go into it so that you can gauge whether or not the position is going to benefit you. The problem I had with Job A wasn’t that my Why wasn’t strong enough; the problem was that the hours didn’t work for me and I wasn’t learning anything beneficial for my end goal. When I saw Job B, I knew right away it was what I wanted. I didn’t need the first one; I would’ve quit it whether or not the other place I offered me a position.
Don’t over-commit yourselfIf I were being realistic when I accepted Job A, I would’ve realized that working Saturdays and Sundays 8-4 on top of my Monday-Friday 8-5 wasn’t going to work out well. By the end of the second week I was exhausted and a crazed mess. All I did for those two weeks was come home from whichever job and try to get up the energy to do laundry, dishes, etc. I wasn’t eating properly, I was skipping workouts, and I was skimping on my personal life big time. I was so unhappy, and everyone could see it. Job B allows me to work shifts on weekday evenings and will schedule me for only one weekend day because they agreed with me when I said if I didn’t have one day off I would “go nuts.”
Don’t waste your precious time, but don’t give upIf you simply are not getting what you want out of your second job, leave it. Your free time is too precious to waste. Just be honest with yourself – don’t leave a second job if it’s benefiting you just because you want to hit the bar more often. Most people go through life sleeping; the ones who are awake live in a constant state of amazement. Don't be content with the status quo - that's sleeping. You’ll know deep down whether or not it’s worth it. I knew Job A was without a doubt a major waste of my spare time. I had such a strong feeling about Job B, however, that it almost felt kismet that it appeared when it did. I think you’ll know, but if you aren't sure, give it a shot and quit if it’s not what you wanted.
If money is your Why…If your Why is the additional income a second job will generate, I have a few suggestions for making it work. Put
all of it toward your goal. It can be tempting to splurge on all those little things you’ve been denied based on your regular salary. Don’t give in. A few weeks into it you’ll lose your drive because you can’t see it adding up.
Set up a separate account for this new income. If possible set up a direct deposit for that paycheck into a savings account instead of your checking account. I use
ING for my savings instead of my regular bank because it has a higher interest rate and it’s not as convenient to withdrawal from (I am often tempted when I get low on cash to dip into my savings, so ING’s 2-3 day withdrawal time is key for me).
Finally, put some kind of visual reminder of where that money is going somewhere where you’ll see it everyday. This will not only keeping you motivated, but it will keep you from spending it on a new set of plates you don’t need from Pier 1.
Labels: career, entrepreneurship, goal-setting, investing, life, personal finance, productivity, stress, work, work-life balance