One of the best-loved
books for entrepreneurs is The E-Myth
by Michael E. Gerber. In the book, he tells the story of a woman who always
dreamed of owning a pie shop. She wanted nothing more than to spend her days
doing what she loved and seeing her customers enjoy her pies. But once she
opened her shop, she hated it. You see, instead of getting to enjoy the process
of creating beautiful baked pies, she found herself exhausted, working 12 hours
a day in a hot kitchen. Her feet were sore from standing all day, and she could
never enjoy the look on her customer’s faces because she was too tired to even
notice.
This is the story that a lot of small business
owners find themselves in shortly after starting a business. In Gerber’s book,
the baker set out to build a business that would allow her to provide for
herself by doing what she loved most. Instead found herself enslaved by her
business and unable to enjoy it.
Owning a business is always a labor of love,
and you may naturally be more emotionally invested in your business and work
longer days than you would if you worked for someone else. But there’s a
difference between owning a business and working in one.
If you feel like you’re spending all of your
time working in your business instead
of your business working for you,
it’s time to assess whether your business is aligned with your desired
lifestyle. If it isn’t, I can help you get back on track to loving your
business again.
Visualize Your Ideal Workday
The first and most important step to making
your ideal lifestyle a reality is to know what you want. Get even more detailed
and specific about your ideal work-life balance. If your goals are broad or vague, then your plan to reach them will be
equally broad and vague because your desired outcome isn’t narrowly defined.
For example, “I want to be a successful
accountant” is a very broad goal. What does it actually mean to you to be a
successful account? A more specific goal would be, “I want to pass my CPA exam
and bring in 10 new clients this month.”
To help narrow down your goals, start by
imagining what your ideal day would look like. Would you sleep in a little?
Catch a morning yoga class or take a long walk with your dog? Would you drive
your kids to school or meet a friend for breakfast?
Would you be hands-on in your business, or
would you prefer to check in with a trusted manager to make sure that things
are running smoothly while you take a step back?
Don’t worry about how practical these goals
may seem to you right now. The first step toward getting what you want is
letting yourself dream it.
Start Small and Start Delegating
Now that you know what you want your ideal
work day to look like, you can start taking small steps toward making your
vision a reality.
If you’re like most business owners (and most
people in general), you probably find that you aren’t able to live your day the
way you truly want because you simply have more to do than you can easily
accomplish in one day. In order to make time and space for the life you want,
start by making small changes to your routine and delegating small tasks.
For example, let’s imagine that your ideal
work day starts with you enjoying a slow cup of coffee but instead, your
mornings are spent guzzling down a travel mug while racing the kids to school.
To change this, you could get a programmable
coffee maker to start brewing your coffee before you wake up, or you could hire
someone to drive your kids to school and gain back 40 minutes to your morning.
Similarly in your business, if you feel like
you always work late because you can never catch up on bookkeeping or inventory,
it’s time to start delegating. If you have staff, train an employee you trust
on how to inventory your supplies and then offload that task to them.
If you don’t have staff, start small by hiring
remote help such as a virtual assistant who can work on an as-needed basis
within your budget, and hire a bookkeeper to keep your finances straight (and
who can tell you how much money you can use each month to invest in more
help!).
Once you become comfortable delegating one or
two tasks in your day, slowly work your way up to delegating more tasks to
employees or outside service providers. By doing so, you’ll still be able to
manage your business the way you want while having more time to generate
revenue and enjoy the things you
love.
Get Away From Your Business For a
Little While
It's easy to fall into the trap of believing
that you need to be working all the time to be successful. But taking a break
from your business can be one of the best things you can do to love it again.
Stepping away from your business for a little while can give you a fresh
perspective and help you see things in a new light. It can also help you
recharge your batteries and come back to your business with renewed energy and
enthusiasm.
There are many ways you can get away from your
business. You could take a day off to go on a hike or visit a museum. You could
take a weekend trip to a nearby city or beach. You could even take a longer
vacation to a place you've always wanted to visit.
Just taking a mental break from your business
can also be incredibly beneficial. Set aside an hour a day to learn a new hobby
or skill, or join a club or class that meets once or twice a week. If there is
a topic that always interested you, now is the perfect time to explore it. It
may even trigger exciting new ideas and innovations in your business.
Taking a break from your business can be a
scary prospect, but it's important to remember that your business will survive
without you, whether for a few hours or a few days. And when you come back,
you'll be better equipped to handle whatever challenges come your way.
Create a Plan with Help From a
Trusted Business Advisor
Making small changes to your routine and
delegating tasks can seem simple enough, but you might think that some tasks
you simply have to do yourself, or maybe you don’t have the funds or resources
to hire help or outsource.
That’s where I come in. As an entrepreneurial
business owner myself, I understand firsthand how hard it can be to juggle work
and your personal life, and it often feels like you have to (and need to) do it
all yourself.
If you feel like you’re not loving your
business anymore or aren’t getting the life you wanted from owning your own
business, give me a call. I’ll look at your resources, time, cash flow, and
desires to create a strategic business plan that grows your business while
letting you get back to loving your business and your life. And of course, I’ll
make sure that your business’s Legal, Insurance, Financial, and Tax needs are
taken care of too.
To get started, schedule a free 15-minute discovery call to learnmore.
This article is a service of Ganvir Law,
Personal Family Lawyer™. We offer a complete spectrum of legal services for
businesses and can help you make the wisest choices on how to deal with your
business throughout life and in the event of your death. We also offer a
Business Strategy Session for an ongoing business, which includes a review of
all the legal, financial, and tax systems you need for your business. Call us
today to schedule.
The content is sourced
from Personal Family Lawyer® for use by Personal Family Lawyer® firms, a source
believed to be providing accurate information. This material was created for
educational and informational purposes only and is not intended as ERISA, tax,
legal, or investment advice. If you are seeking legal advice specific to your
needs, such advice services must be obtained on your own separate from this
educational material.