{"id":60587,"date":"2016-11-10T21:20:05","date_gmt":"2016-11-11T03:20:05","guid":{"rendered":"http:\/\/www.artofmanliness.com\/?p=60587"},"modified":"2025-11-19T18:46:40","modified_gmt":"2025-11-20T00:46:40","slug":"podcast-251-live-dream-without-quitting-day-job","status":"publish","type":"post","link":"https:\/\/beta.artofmanliness.com\/money-wealth\/career\/podcast-251-live-dream-without-quitting-day-job\/","title":{"rendered":"Podcast #251: Be an Entrepreneur Without Quitting Your Day Job"},"content":{"rendered":"<div class=\"art19-web-player awp-medium awp-theme-dark-blue\" data-episode-id=\"92a36139-4474-44ec-974e-8cba67a207c8\">&nbsp;<\/div>\n<p class=\"p1\"><span class=\"s1\">The popular idea of the entrepreneur is that he\u2019s a renegade risk-taker who&nbsp;goes all in with following his passion so that he can get out of the 9-5 rat race.&nbsp;<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">But what if you enjoy your day job at the office? Or have other reasons for wanting to work for someone else? Heck, maybe you&#8217;re a doctor, or firefighter, or teacher and working for someone else is just part of the gig. If you fall into one of these categories, does that mean you&#8217;re completely&nbsp;barred from entrepreneurship?<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">My guest today&nbsp;says \u201cno.\u201d<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">His name is Patrick McGinnis and he\u2019s the author of the book <a href=\"https:\/\/www.amazon.com\/gp\/product\/1591848091\/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=1591848091&amp;linkCode=as2&amp;tag=stucosuccess&amp;linkId=FSXA3GZUT5SFDAZ4\"><em>The 10% Entrepreneur: Live Your Dream Without Quitting Your Day Job<\/em><\/a>. Today&nbsp;on the show, Patrick and I discuss the myths of becoming an entrepreneur &#8212; including the one that you have to go all in to be one &#8212; and discuss practical ways you can invest just 10% of your time and money into entrepreneurial endeavors. We also talk about the benefits of becoming a 10% entrepreneur, like boosting and diversifying your income streams, as well as becoming more competitive in the traditional job market.<\/span><\/p>\n<h3>Show Highlights<\/h3>\n<ul>\n<li>The Mark Cuban perspective of entrepreneurship<\/li>\n<li>How Patrick became a 10% entrepreneur<\/li>\n<li>Where the myth of all-or-nothing entrepreneurship came from<\/li>\n<li>The perils of &#8220;Entrepreneurship, Inc.&#8221;<\/li>\n<li>Why successful entrepreneur ventures are usually boring<\/li>\n<li>How becoming an entrepreneur on the side can make you a better employee<\/li>\n<li>The five types of 10% entrepreneurs<\/li>\n<li>How to figure out which kind of 10% entrepreneur you&#8217;d like to be<\/li>\n<li>How to become an angel investor (you don&#8217;t need that much money to do so)<\/li>\n<li>How to figure out which companies to invest in as an angel investor<\/li>\n<li>The tax and regulatory issues to think about when becoming an angel investor<\/li>\n<li>How to become an advisor in a start-up<\/li>\n<li>How to know when to go full-time with your side hustle<\/li>\n<\/ul>\n<h3>Resources\/Studies\/People Mentioned in Podcast<\/h3>\n<ul>\n<li><a href=\"https:\/\/www.artofmanliness.com\/character\/behavior\/skin-in-the-game\/\">Skin in the Game<\/a><\/li>\n<li><a href=\"https:\/\/www.artofmanliness.com\/articles\/the-company-mans-guide-to-starting-a-side-hustle-part-i-confronting-your-objections\/\">The Company Man&#8217;s Guide to Starting a Side Hustle<\/a><\/li>\n<li><a href=\"https:\/\/www.artofmanliness.com\/articles\/be-your-own-boss-37-side-hustle-ideas\/\">37 Side Hustle Ideas<\/a><\/li>\n<li><a href=\"https:\/\/en.wikipedia.org\/wiki\/The_Last_King_of_Scotland_(film)\"><em>The Last King of Scotland<\/em><\/a><\/li>\n<li><a href=\"https:\/\/www.artofmanliness.com\/articles\/art-of-manliness-podcast-78-the-myth-of-following-your-passion\/\">My podcast with Cal Newport on why passion is overrated&nbsp;<\/a><\/li>\n<li><a href=\"https:\/\/www.silvercar.com\/\">Silvercar<\/a><\/li>\n<li><a href=\"https:\/\/www.artofmanliness.com\/articles\/two-is-one-and-one-is-none-how-redundancies-increase-your-antifragility\/\">Two is One and One is None: How Redundancies Increase Anti-Fragility<\/a><\/li>\n<li><a href=\"https:\/\/www.artofmanliness.com\/articles\/podcast-191-how-to-find-the-work-you-were-meant-to-do\/\">My podcast with Chris&nbsp;Guillebeau on finding a career you love<\/a><\/li>\n<li><a href=\"https:\/\/oysterbaybrewing.com\/\">Oyster Bay Brewing<\/a><\/li>\n<li><a href=\"https:\/\/angel.co\/\">AngelList<\/a><\/li>\n<li><a href=\"https:\/\/www.amazon.com\/dp\/B00J6YBOFQ\/ref=as_li_ss_tl?_encoding=UTF8&amp;btkr=1&amp;linkCode=sl1&amp;tag=artofmanliness03-20&amp;linkId=94c181f4dcdffef1461c8ef8fe97c11c\">Peter Thiel<\/a><\/li>\n<li><a href=\"https:\/\/en.wikipedia.org\/wiki\/Dick_Costolo\">Dick Costolo<\/a><\/li>\n<li><a href=\"https:\/\/www.angelcapitalassociation.org\/directory\/\">Find an angel group<\/a><\/li>\n<li><a href=\"https:\/\/en.wikipedia.org\/wiki\/Accredited_investor\">Accredited Investors<\/a><\/li>\n<li><a href=\"https:\/\/www.sec.gov\/spotlight\/jobs-act.shtml\">The JOBS Act<\/a><\/li>\n<li><a href=\"https:\/\/abcnews.go.com\/Business\/facebooks-graffiti-artist-david-choes-life-unchanged-200\/story?id=15543816\">David Choy<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-60589 size-full\" src=\"https:\/\/content.artofmanliness.com\/uploads\/2016\/11\/10-percent-e1478553671785.png\" alt=\"The 10% Entrepreneur by Patrick J. McGinnis, book cover.\" width=\"327\" height=\"500\"\/><\/p>\n<p><em><a href=\"https:\/\/www.amazon.com\/gp\/product\/1591848091\/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=1591848091&amp;linkCode=as2&amp;tag=stucosuccess&amp;linkId=FSXA3GZUT5SFDAZ4\">The 10% Entrepreneur<\/a>&nbsp;<\/em>is crammed with useful information to help individuals become an entrepreneur on the side. What I love most about the book is how detailed Patrick gets into how to do due diligence on a company you&#8217;re thinking about investing in or how to set up advisor partnerships with a start-up. Pick up a copy on Amazon and be sure to check out <a href=\"https:\/\/patrickmcginnis.com\/\">Patrick&#8217;s website<\/a> to download a free chapter of his book as well as take a survey to determine what kind of 10% entrepreneur you are.<\/p>\n<h3>Connect with Patrick<\/h3>\n<p><a href=\"https:\/\/patrickmcginnis.com\/\">Patrick&#8217;s Website<\/a><\/p>\n<p><a href=\"https:\/\/mobile.twitter.com\/pjmcginnis\">Patrick on Twitter<\/a><\/p>\n<p><a href=\"https:\/\/ctt.ec\/ofCJe\">Tell Patrick &#8220;Thanks&#8221; for being on the podcast via Twitter<\/a><\/p>\n<h3>Listen to the Podcast! (And don\u2019t forget to leave us a review!)<\/h3>\n<p><a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/the-art-of-manliness\/id332516054?mt=2\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-49206 size-full\" src=\"https:\/\/content.artofmanliness.com\/uploads\/2015\/07\/available-on-itunes.png\" alt=\"Available on itunes.\" width=\"250\" height=\"92\" data-pin-nopin=\"true\"\/><\/a><\/p>\n<p><a href=\"https:\/\/www.stitcher.com\/show\/the-art-of-manliness\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-49207 size-full\" src=\"https:\/\/content.artofmanliness.com\/uploads\/2015\/07\/available-on-stitcher.png\" alt=\"Available on stitcher.\" width=\"250\" height=\"92\" data-pin-nopin=\"true\"\/><\/a><\/p>\n<p><a href=\"https:\/\/soundcloud.com\/artofmanliness\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-49208 size-full\" src=\"https:\/\/content.artofmanliness.com\/uploads\/2015\/07\/soundcloud-logo.png\" alt=\"Soundcloud logo.\" width=\"250\" height=\"127\"\/><\/a><\/p>\n<p><a href=\"https:\/\/pcasts.in:443\/NwCI\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-49655\" src=\"https:\/\/content.artofmanliness.com\/uploads\/\/2015\/08\/pocketcasts.png\" sizes=\"auto, (max-width: 225px) 100vw, 225px\" srcset=\"\" alt=\"Pocketcasts.\" width=\"225\" height=\"225\"\/><\/a><\/p>\n<p><a href=\"https:\/\/play.google.com\/music\/managemusic?t=The_Art_of_Manliness\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-56926 size-full\" src=\"https:\/\/content.artofmanliness.com\/uploads\/2016\/05\/google-play-podcast-e1464287132541.png\" alt=\"Google play podcast.\" width=\"250\" height=\"190\"\/><\/a><\/p>\n<p><a href=\"https:\/\/art19.com\/shows\/the-art-of-manliness\/episodes\/92a36139-4474-44ec-974e-8cba67a207c8\">Listen to the episode on a separate page.<\/a><\/p>\n<p><a href=\"https:\/\/rss.art19.com\/episodes\/92a36139-4474-44ec-974e-8cba67a207c8.mp3\">Download this episode.<\/a><\/p>\n<p><a class=\"hs-rss-link\" href=\"https:\/\/www.omnycontent.com\/d\/playlist\/aaea4e69-af51-495e-afc9-a9760146922b\/6081eee7-c459-4e12-a1ab-aadc000fc4a7\/413a6904-4d72-4be8-9421-aadc000fc4ba\/podcast.rss\">Subscribe to the podcast in the media player of your choice.<\/a><\/p>\n<h3>Podcast Sponsors<\/h3>\n<p><strong><a href=\"https:\/\/mackweldon.com\/pages\/18-hour-jersey?utm_medium=direct&amp;utm_source=podcast\" target=\"_blank\" rel=\"external noopener noreferrer\">Mack Weldon.<\/a>&nbsp;<\/strong>Get great-looking underwear and undershirts that eliminate odor. Use discount code \u201cAOM\u201d for 20% off your first purchase from Mack Weldon.<\/p>\n<p><strong><a href=\"https:\/\/huckberry.com\/store\/shop\/art-of-manliness-shop?utm_source=artofmanliness&amp;utm_medium=affiliate\" target=\"_blank\" rel=\"external noopener noreferrer\">Huckberry<\/a>.&nbsp;<\/strong>Huckberry has everything a guy could want. Get 20% off your first order by using code HELLOAOM at checkout.<\/p>\n<p><strong><a href=\"https:\/\/store.artofmanliness.com\/\" target=\"_blank\" rel=\"external noopener noreferrer\">Art of Manliness Store<\/a>.&nbsp;<\/strong>Get 10% off on your purchase from the Art of Manliness store by using code AOMPODCAST at checkout. Your purchases in the AoM Store help support what we do here at Art of Manliness.<\/p>\n<p>And thanks to <strong><a href=\"https:\/\/creativeaudiolab.com\/\" target=\"_blank\" rel=\"external noopener noreferrer\">Creative Audio Lab<\/a><\/strong> in Tulsa, OK for editing our podcast!<\/p>\n<h3>Read the Transcript<\/h3>\n<p>Coming soon!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The popular idea of the entrepreneur is that he\u2019s a renegade risk-taker who&nbsp;goes all in with following his passion so that he can get out of the 9-5 rat race.&nbsp; But what if you enjoy your day job at the office? Or have other reasons for wanting to work for someone else? Heck, maybe [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":60588,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[424,42279,156],"tags":[],"yst_prominent_words":[],"class_list":["post-60587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-career","category-money-wealth","category-podcast"],"featured_image_urls":{"reactor-320":"https:\/\/content.artofmanliness.com\/uploads\/2016\/11\/Screen-Shot-2016-11-07-at-2.19.28-PM-320x167.png","aesop-tiny-cover":"https:\/\/content.artofmanliness.com\/uploads\/2016\/11\/Screen-Shot-2016-11-07-at-2.19.28-PM-400x208.png","aesop-character":"https:\/\/content.artofmanliness.com\/uploads\/2016\/11\/Screen-Shot-2016-11-07-at-2.19.28-PM-200x200.png","aesop-collection":"https:\/\/content.artofmanliness.com\/uploads\/2016\/11\/Screen-Shot-2016-11-07-at-2.19.28-PM-300x280.png","aesop-grid-image":"https:\/\/content.artofmanliness.com\/uploads\/2016\/11\/Screen-Shot-2016-11-07-at-2.19.28-PM-400x208.png"},"_links":{"self":[{"href":"https:\/\/beta.artofmanliness.com\/app-json\/wp\/v2\/posts\/60587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/beta.artofmanliness.com\/app-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/beta.artofmanliness.com\/app-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/beta.artofmanliness.com\/app-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/beta.artofmanliness.com\/app-json\/wp\/v2\/comments?post=60587"}],"version-history":[{"count":51,"href":"https:\/\/beta.artofmanliness.com\/app-json\/wp\/v2\/posts\/60587\/revisions"}],"predecessor-version":[{"id":142407,"href":"https:\/\/beta.artofmanliness.com\/app-json\/wp\/v2\/posts\/60587\/revisions\/142407"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/beta.artofmanliness.com\/app-json\/wp\/v2\/media\/60588"}],"wp:attachment":[{"href":"https:\/\/beta.artofmanliness.com\/app-json\/wp\/v2\/media?parent=60587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/beta.artofmanliness.com\/app-json\/wp\/v2\/categories?post=60587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/beta.artofmanliness.com\/app-json\/wp\/v2\/tags?post=60587"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/beta.artofmanliness.com\/app-json\/wp\/v2\/yst_prominent_words?post=60587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}