128 Hours For Projects
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A framework for maximizing your time outside of work to build side projects and businesses while maintaining your full-time job.
Core Time Breakdown
- 168 total hours in a week
- 40 hours needed for employer
- At least 40-50 additional hours available for side projects
- Remaining time for sleep, eating, and other activities
Strategy for Side Business Launch
- Run both job and business simultaneously
- 6-9am: Work on business
- 9-5pm: Regular job
- 6pm-midnight: Back to business
- Weekends: Additional business time
Risk Minimization Approach
- Keep regular job until side business is proven
- Maintain steady paycheck for living expenses
- Wait for sufficient revenue/clients/profit before quitting
- Performance strategy at day job:
- Aim to be "just above firing level"
- Don't try to be employee of the year
- Give enough effort to maintain position
Key Success Factors
- Live close to work or work remote to minimize commute
- Focus on efficiency with regular job
- Have clear revenue/profit targets before transition
- Build pipeline and cash flow before leaving job
- Use the security of employment to derisk entrepreneurship
Real Example (Mohnish's Story)
- Started with $30,000 from 401k
- Secured $70,000 in credit card limits
- Built business to cash flow positive before quitting
- Took 9 months of dual operation before transition
- Maintained good standing at job while building business
Mindset
- Entrepreneurs don't take risks - they minimize them
- Use existing income to create safety net
- Focus on building proof of concept while employed
- Plan for worst-case scenarios (ability to return to workforce)
31:43 - 32:05
Full video: 02:01:16MP
Mohnish Pabrai
Founder and Managing Partner of Pabrai Investment Funds, modeled after Warren Buffett's investment partnerships. Sold IT business for $6 million in 2000, launching fund that now manages over $798 million in assets.
Achieved 75% annualized returns from 1994 to 1999 applying Buffett's approach to investing. Estimated net worth of $2 billion in 2023.