June 30, 2018
Prior to this year I had spent a lot of time building products for independent freelancers, but very little time actually making independent income myself. The acquisition of Sail in January provided the opportunity to change that. I decided to challenge myself to build a web app and generate $1000 in revenue. Here’s my retrospective on the last 6 months.
In the first half of 2018 I completed 5 independent projects (hitting my goal for the year) but have been directly trading my time for money. Since May I’ve been working full-time at an exciting new tech company and love it but I still have an entrepreneurial itch to scratch. I’m realizing that to be truly independent long-term I need to productize my services or build small products that provide greater decoupling between my time investment and financial return.
As I mentioned I started working on a product back in January but working full-time and taking on the occasional consulting project leaves very little time for actually building anything. Consequently I’ve made far less progress toward launching my product, PaymentLink as I should have. Instead of being laser focused on shipping a usable product to customers I spent time exploring alternative product ideas and working on other projects.
Focus. I need to be very intentional about the time I spend on independent projects and need to better time-box my available hours each week. To achieve my goal of shipping a revenue generating product in 2018 I need to commit at least 80% of my independent time (about 15 hours a week) to building PaymentLink.
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