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In this video Evan answers this question: How to MANAGE Multiple BUSINESSES?

Here's the Automated Transcript:
00:00
uh ashish i want to invest or own
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multiple businesses someday i present
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we've just opened a new store which will
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need a lot of my time to find its foot
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okay
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cool let me let me just find a spot to
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dig down as we read this
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um i feel this makes it very hard to be
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involved in multiple things at once it's
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going to risk the investment
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in the store
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what do you think about having your time
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dividing multiple businesses i see
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people running multiple business once
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how do people do it
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uh
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well i mean the way to do it is you have
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different things on different days
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i think at the beginning it's really
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hard if it's you doing everything
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you have to start thinking team
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and interest
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you'll you'll be a lot more productive
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if you do one
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right if you focus on one make it
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amazing you'll be a lot more productive
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you'll probably be a lot more effective
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too
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the reason to do multiple is that you
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just can't do one it's like it drives
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you nuts to just do one so you're gonna
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do something else
01:01
uh but to make those work it's easier
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than when you have teams somebody to
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help you do different things
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right like why why can i have a
01:09
minecraft stream and also make my videos
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and do an nft project and
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you know invest in people like drew well
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because i have a team right
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like if if it was still just me doing
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everything i would
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i wouldn't have i wouldn't have the time
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to invest in drew
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like we wouldn't have this business
01:29
together
01:30
i would just be
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solo trying to keep up with doing all my
01:34
videos
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and i would definitely be doing this
01:37
stream
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so team
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and when i'm starting a project i like
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doing as much as i can myself just to
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learn and see what is needed
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and understand the industry a bit
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and then quickly figure out okay what
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needs to be done what doesn't need to be
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done
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and how much of that do i want to do
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like of what has to be done what do i
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actually want to do and it's usually a
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very little piece that i want to do
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so i need somebody to help me do the
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rest of it
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and either you built it up to the point
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where it's profitable and you can hire
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people to do it or you partner with
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somebody to help you do it or you drop
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it there's been lots of things that
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i couldn't get to the point uh fast
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enough to
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to monetize it
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and then i didn't want to i like lost
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interest in doing it and so i just i
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just stopped it i've abandoned tons of
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projects

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