5-9er Interview: Miranda M. Nahmias
What is your “day job” and how many hours do you work in a week?
I work at a publishing company doing administrative, editorial, and design work. I used to work full-time there, but a few months ago was able to transition down to two days per week, so about 20 hours.
What is your business? (What do you sell/who do you serve and why?)
My business is running a virtual assistant team that helps reduce the stress and overwhelm of female online business owners. I absolutely love being able to help these women feel less stressed out about their businesses, and have more time to spend with their family.
For how many years have you run a business alongside your regular job?
Why did you decide to start a business?
Although I enjoy the tasks at my day job, working there is just not very fulfilling. I knew that it would not be my “forever” job, so I went out and searched for something that would allow me to feel a lot more satisfied with my life. The flexible hours are definitely awesome, too!
In your first 6 months of starting your business, please list out the top 3 pain points you struggled with:
1.Never feeling like there were enough hours in the day to complete all of my client work.
2.How to transition from routinely earning $1,000 per month to earning $5k+.
3.Finding balance between running my business and running other people’s businesses.
How did you overcome these pain points?
Actually, all three of these pain points were greatly reduced once I started to introduce team members into the mix. Hiring help allowed me to have more time to work on what I wanted and needed to work on, plus it allowed me to take on more clients, which ultimately led to making more money.
How good are you at delegating tasks to others?
When I first started out, I was terrible. I know that I am a control freak and this would be hard for me, so I had to work really hard to overcome that. Now, I’m very good at delegating and have four team members that I consistently assign tasks to!
Do you feel you have a good balance between your job, business and personal life. If yes, how did you achieve this? If no – why not?
It is better now that it was when I first started my business, but it’s still not great. My day job is my lowest priority by far, so I feel guilty that I am not putting in a lot of effort there. My productivity could be a lot better. But hopefully in the future I will be able to leave that job, which will obviously help the balance a lot! I also don’t feel like I have much of a personal life, but a lot of that has to do with my introverted personality. Luckily, I have an amazing husband and we are able to spend a lot of quality time together regardless of our schedules, so in that area I’m definitely excelling. I think that it is just a work in progress thing for most business owners. I will find more balance as time goes on.
What are your top 3 tips for people starting a business alongside their regular jobs?
- Know how much work it is before you start a business. Are you ready to have two full-time jobs? Running a business takes up a lot of time.
- Prepare your friends and family for the fact that you will be seeing them a lot less, at least for the first 6 months or so. Just stress how important this is to you, and hopefully they will understand and support you.
- Don’t wait too long before hiring help! A lot of my virtual assistant clients are dying from overwhelm before they take me on. Don’t let yourself get to that point — you will be surprised by how much easier your life will be just by hiring someone to help for 5 hours a month.
If you could change one thing about your start up process when you started your business what would that be?
I actually think that my whole start-up process went really well! The only thing that I would change is that I initially started out offering a lot of graphic design services, because I hadn’t yet realized how in love I was with being a virtual assistant. If I could go back, I would have started off branding myself as a virtual assistant right out of the gate.
Do you have plans to transition to full time business owner? Why?
I actually do consider myself a full-time business owner! I am making a full-time income and certainly working full-time hours. But I do hope to eventually ease out of my day job. I love having that guaranteed income, but I’d love to be able to dedicate all of my available time to my own business. Hopefully next year sometime I’ll be able to make the transition!
Link to freebie/promotion: http://www.mirandanahmias.com/7-systems-sign-up/