How do you balance work and life as an entrepreneur?
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Being an entrepreneur can be rewarding, exciting, and fulfilling, but it can also be stressful, demanding, and exhausting. How do you balance work and life as an entrepreneur without burning out, losing focus, or neglecting your personal needs? Here are some tips to help you find a healthy and sustainable equilibrium between your professional and personal life.
Set boundaries
One of the biggest challenges for entrepreneurs is setting and maintaining boundaries between work and life. You may feel tempted or pressured to work around the clock, respond to every email, or take on every opportunity, but this can lead to overwork, fatigue, and resentment. Instead, try to establish clear and realistic boundaries for yourself and others, such as when you start and end your workday, when you check and reply to messages, and what kind of tasks you delegate or outsource. Communicate your boundaries to your team, clients, and family, and respect theirs as well.
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Here's your superhero secret weapons when setting boundaries: 1️⃣ Have a dedicated "Batcave." Your home office should be your fortress of solitude, free from distractions. 2️⃣ Set your "Operating Hours." Like a superhero, be ready to save the day, but remember Clark Kent needs to catch a break too. 3️⃣ Power down. Even Iron Man had time to tango with Pepper Potts. Disconnect and enjoy your life outside of work. So entrepreneurs, it's time to unmask your "non-work" selves. Life's not all about fighting corporate crimes. Sometimes, it's about enjoying that ice cream on a sunny day. 🍦🌞 Remember, you can't save the world (or your business) if you can't save yourself. Be a balanced superhero!"
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I don't think this bot has ever been an entrepreneur :) Entrepreneurs wake up thinking about their business and go to sleep thinking about their business. Bringing new ideas to life is difficult and requires a lot of time and effort, much more so than most other professions. Aspiring entrepreneurs should be passionate about the underlying problem they are solving. When you have a deeper connection to your work beyond financial gain, you are more willing to let the line between your work and personal life blur.
Prioritize quality
Another common trap for entrepreneurs is trying to do everything at once, or chasing quantity over quality. You may think that by multitasking, working faster, or taking on more projects, you will achieve more success, but this can compromise the quality of your work, your relationships, and your well-being. Instead, try to prioritize quality over quantity, by focusing on one thing at a time, doing it well, and measuring your progress by the value you create, not the hours you spend. Quality also applies to your life outside work, so make sure you invest in meaningful activities, hobbies, and relationships that enrich your life.
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Focus on 20% of things that solve 80% of the problems is a great tip, but I suggest you organize yourself well. Determine which activities bring in revenue and can be done only by you. Keep them. Every activity that costs you less per hour to outsource than do it yourself, outsource. You need leisure time to create. Don't get yourself to the breaking point with no need. I have done it, and that is why I learned how to do better. Good luck!
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There's a reason why the phrase "Quality over Quantity" has stood the test of time. I've made the mistake of taking on too many clients at the same time because I thought I could handle it (and I wanted the extra cash!), but all I ended up doing was spreading myself too thin and doing a mediocre job across the board. As soon as I started being more selective, I produced better quality work, got more referrals and actually felt a lot less stressed. I apply this to every aspect of my life now. I don't try to do too many social commitments either and instead pick a few that I can attend and be fully present. Quality time with loved ones is much better than trying to hang out while having one eye on your phone.
Manage stress
Stress is inevitable for entrepreneurs, but it can also be harmful if it is not managed properly. Stress can affect your mood, your health, your performance, and your creativity, so you need to find ways to cope with it and prevent it from overwhelming you. Some effective strategies to manage stress include: practicing mindfulness, meditation, or breathing exercises; exercising regularly and eating well; getting enough sleep and rest; seeking support from others, such as mentors, peers, or therapists; and finding outlets for your emotions, such as journaling, music, or art.
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Recognize the signs of burnout, before you get there and rest accordingly. Hustle culture (i.e. working 24/7) is not a badge of honor, and once you recognize this it will shift your perception. Work will ALWAYS be there. You will never run out of to-do's. Manage your stress by continuing to pour into yourself before any task.
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Stress may be inevitable for entrepreneurs, but there are ways of minimising it. I think that entrepreneurs expect stress, so they allow stressful situations to occur so regularly that they experience burnout regularly. It doesn't have to be like this... and it shouldn't! I actually created myself a "stress diary". Every time I felt a bit of stress, I noted down what caused the stress. I then went back and evaluated all of those circumstances and found solutions to stop them happening again. It's all well and good looking up solutions for dealing with stress, but I think it's better to go to the source and eliminate the underlying cause.
Learn to say no
As an entrepreneur, you may have many opportunities, ideas, and requests coming your way, but you cannot say yes to everything. Saying yes to everything can lead to overcommitment, distraction, and dissatisfaction, as you spread yourself too thin and lose sight of your goals and values. Instead, learn to say no to things that are not aligned with your vision, mission, and priorities, or that do not bring you joy or fulfillment. Saying no can be hard, but it can also be empowering, as it allows you to focus on what matters most to you and your business.
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Learning to say no is probably the most powerful thing I've ever done. I always want to help everyone, so I agree to do so many things, including a lot of voluntary work. I also get FOMO and so I used to say yes to every social activity. As a result, my time would be completely depleted and I would be spread so thin. Now, I turn down more opportunities than I accept and I feel so much better for it. It goes back to the quality statement - I now do fewer things, but I do them even better, because I can concentrate more and put more effort into them. I'd write out your main goals for the year and anything that doesn't align with these, just say no to!
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You should say more "No" than "Yes" as an entrepreneur. This adds to the focus you need to make the venture successful. You time is something that will never come back so be protective of it and use it wisely on things that matter. As an example, remember, when Steve Jobs returned to Apple, they had over 40 products and through strict focus, they picked and killed 90% of the products and see how the company was able to refocus and ultimately become the first Trillion dollar valued company in the world!
Be flexible
While having boundaries, priorities, and routines can help you balance work and life as an entrepreneur, you also need to be flexible and adaptable to changing circumstances. You may face unexpected challenges, opportunities, or events that require you to adjust your plans, goals, or strategies. Instead of resisting or stressing over change, try to embrace it and learn from it. Be flexible enough to experiment, pivot, or improvise when needed, but also stay true to your core values and purpose.
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Build buffer space into your schedules or timelines, because life is gonna life. Things will happen (or not happen), and you must be prepared to pivot as necessary.
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The biggest challenge with entrepreneurship is the bouts of self doubt that will come from time to time..especially when the going gets tough and you are not making desired progress with building the product or the business. Flexibility, adaptability and "pivoting" quickly is the key to remaining in the race. Remember, entrepreneurship is not a sprint..its a marathon!
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Have fun
Finally, don't forget to have fun as an entrepreneur. Being an entrepreneur can be hard, but it can also be fun, if you enjoy what you do, celebrate your achievements, and appreciate your journey. Having fun can help you balance work and life by reducing stress, boosting your morale, and enhancing your creativity. Find ways to have fun in your work, such as adding humor, playfulness, or passion to your tasks, projects, or interactions. Also, have fun in your life outside work, by doing things that make you happy, relaxed, or inspired.
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If you don't love what you do, then you won't produce the results you want to. I believe that passion is the fuel to success. Plus, entrepreneurship is so hard! If you're putting all that effort into everything, you need to really enjoy what you do. Of course, there will be days when it doesn't seem that fun, but those are just the troughs in the entrepreneurial rollercoaster. You need to ride these out and you will get to the peaks. When work is tough, just ensure you do surround yourself with fun things outside of work to help boost your morale and keep your mindset positive for when you do come back to tackle those problems.
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Key to having fun in entrepreneurship is Celebrate every milestone ..little or big. Employees need to be celebrated as much as the client wins...their performance as well as their life milestones need to be celebrated. Above all keep the environment light by staying happy and making coworkers happy!
Here’s what else to consider
This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?
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My experience—as someone who has founded multiple companies—a couple on the Inc 500/5000 list—and as a divorced father with five daughters from 12-35–is that the most important thing is deciding what you won’t do. Every time I get rid of a job or get out of a business or stop serving on a board that I don’t enjoy, five new opportunities come my way to do things I do enjoy. I always try to keep my weekends and evenings as free from work. I never miss a holiday or birthday. I keep a once a week date night date with my wife—always. There are just certain times you have to keep available for non-work, family activities. A lot of what people consider “necessary” for work isn’t.
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There is so much advice available on the importance of attaining a work/life balance that the whole concept is actually creating stress as individuals worry if their life is or is not in "balance". Please remember finding a balance in your life is not a competition. What works for me, likely won't work for you. What is important is to be living the life that's right for you and your family. One that brings enjoyment, and love but also a certain stress which is not necessarily a bad thing. The way to find your balance in my experience is to carve out time every day, sit quietly and ask the question, am I happy? If the answer is yes then I reckon your balance is fine. Even if like me you are writing Linkedin comments at 11pm :)