The first big obstacle for many to overcome is one of mindset – the need to treat your second income as a business instead of treating it as a hobby. That said, there are aspects of hobbies that make them attractive, and that can be carried forward in to making running a second income more attractive.

When you treat your second income as a hobby instead of a business it means you pick it up and drop it, just like a hobby. It is almost impossible to develop a big enough base of loyal customers on which to have any reasonable sustained income.

I did ‘this’ myself in the very beginning: I said to myself “Martin, this is a second income, you’re going to spend much less time on it than your main job, you’re doing it from home in your spare time. Enjoy it, and don’t think of it as work (that’s your day job!), but more like a hobby…” And I’ve seen stacks of others take the same view as well.

WRONG!! A hobby is a hobby. This means you can pick it up and drop it whenever you like, and the consequences are measured somewhere around the ‘zero’ mark.

You CAN NOT do this with a second income that has any meaning and significance for you. Successful businesses are run like business but this doesn’t mean there is no room for fun and enjoyment. Very successful owner-managed business are usually full of fun and enjoyment – the two seem to go together!

Cheers

Martin

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And this is the first of those blogs.

You might think that the biggest challenge is finding a topic each and every day for 365 days – and actually, it’s not a problem (lucky I’m not doing this in a leap year – that extra day could be the straw that breaks the camel’s back…!)

Actually, the problem is writing something relatively brief yet having something useful in it. This is a particular challenge for me – I can easily write 35,000 words, as I did for my Masters thesis, but struggled with the 10,000 word limit I was set for the thesis…

Until I came across 2 wonderfully simple techniques, courtesy of Patrick Hare, a wonderful mentor, sadly now departed…

The first is the 4-MAT system by Bernice McCarthy (see http://www.aboutlearning.com/) – simply put, and slightly adapted, the 4-MAT system challenges you to consider the WHY, WHAT, HOW and (WHAT) IF of the subject. This approach covers the major learning & thinking styles & preferences of almost everybody. This means that the impact of your writing will be larger for each person, and will affect more people too – better breadth & depth of impact. It doesn’t mean you have to split your article or presentation in to 4 separate sections, 1 for each of the 4 areas, though many do and it works well. If you give it a go you’ll soon get the hang of it and notice results almost immediately. And if you do give it a go you can also begin to adapt it to your own style and strengths…

And the sharp eyed amongst you will have spotted that the previous paragraph covers these 4 areas also… 4-MAT in practice, even for just a paragraph…

The other tip Patrick shared with me is to simply ask myself – or a subject matter expert – what are just 3 things to know about the subject at hand. For example, with 4-MAT, there are just 3 things you need to know in order to put it in to immediate practice:

1. The first is that 4-MAT is a simple, powerful framework to help you quickly structure an article or presentation, no matter how big or small – you can even use it on each section in the article or presentation. This leads to a more effective outcome.
2. The second thing to know about 4-MAT is that it only comprises 4 elements or questions to consider – WHAT, WHY, HOW and (WHAT) If.
3. The third thing you need to know about 4-MAT is that you can consider each element in any depth – deep or shallow, and in any order. You don’t have to explicitly structure your work along the lines of the 4 elements, just so long as you cover all 4 elements – for maximum effect do so within the first 2 minutes of your presentation or the reader’s reading session.

And that’s it!

I came across the subject for my first piece of original content when I was bombarded recently by stack of stories about how everybody else seemed to be successful yet so many of my clients in the past had been frustrated by them.

Right, time I headed off to write the content for day 2 of my year of original content!

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