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Hurry, before it’s too late! Entrepreneurial endeavors don’t come cheap. They cost time, money, sleep, even relationships. They can take a toll on your friendships, marriage, and/or family. Some may think this is the inevitable costs of the entrepreneur’s grind, but we disagree. Balance and communication are key in maintaining your life, business, and sanity.
Read on to find out what you can do to avoid becoming a Monsterpreneur!
1. Humble yourself.
Get back down here! To earth, I mean. Take yourself back to where you were when you began this journey. Or even further, to where you were before this was even an idea in your mind. What would past you have thought of present you? If past you wouldn’t befriend you today, ask yourself why. Have you let your entrepreneurial success get to your head? You should be proud of what you’ve built & accomplished. But this does not have to be at the expense of your relationships. (More on this in #4)
Realize that not everybody wants to be their own boss. Sometimes entrepreneurs can let it get to their heads. While it’s a fabulous thing to be your own boss, and running your business is incredibly empowering, it’s not for everybody. Many people are happy being a part of a team; after all, your dream wouldn’t have become reality and you wouldn’t be where you are today if it wasn’t for the team you have in place. Some entrepreneurs have an heir of self-importance, omnipotence, even. This will be your downfall. Before you allow this shortcoming to destroy your relationships, business, and life, take control of it & step back for a moment. Ask yourself, ‘what’s changed?’. If you notice that you’ve grown smug, or worse, if someone close has pointed it out to you, then come back down to earth! Humble yourself, my friend.
2. Self-awareness & Self-care
Perhaps you need this reminder: You’re only human. You’re not invincible. You’re getting older (uhhh…). Yes, it’s all true and it applies to each and every one of us. Self-care is important in that you are in the best position to determine how you’re feeling and what you need. Be sure to carve out time (even if it’s just 3 times a week) to be physically active. Go to the gym, join a local running group, attend a yoga class. Spend some time every week with people you love and make you feel all warm and fuzzy inside. And be sure to get some sleep! There’s an idea out there that sleep is low on the list of priorities for business builders. While this may be true, you should strive to keep it high on your list in order to function at your best. Try for 6-8 hours a night. Nobody likes a cranky, sleep-deprived boss/spouse/parent/friend/partner.
Throughout the month, make the most out of your downtime. Go to a comedy show. Get a pedicure (feet need loving too). Treat yourself to something sweet. See a movie in theaters. Get a massage. The possibilities are endless, just make sure that you take the time to recharge and care for your body! You’ve only got one.
3. Take your team’s temperature.
You’re the boss. You know where your business stands at all times. But what about your team? You wouldn’t be here without them. Be sure to check on them regularly through your weekly meetings, or even by arranging short meetings with each individual throughout the month. I know you’re short on time. At this point, you’re probably feeling as though there are simply not enough hours in the day. But checking in with the individuals that make up your company will pay off in the long run, trust me.
Think back to when you started this crazy journey. You had a culture in mind that you wanted to create for your company. As time has gone by, things have had to change, you’ve had to readjust, to adapt. Are you still operating in line with your company culture? If not, find out why and if it’s a positive or negative change. Then act accordingly.
Check out our post on 4 Things You Can Do to Increase Your Team’s Morale.
4. Communicate, communicate, communicate
Open communication with your family, friends, and loved ones is necessary, especially at the beginning stages of your startup. Again, not enough hours in the day. I know. Instead of neglecting every other area of your life as you work towards building your dream business, be sure to communicate your availability and let your loved ones know if this week or month is going to be a particularly busy one. Take time every week to reconnect with those that matter and share with them your progress! I’m sure they’d love to hear about your successes and will likely be a source of support when times are rough.
Your loved ones understand that you’re in a special place right now. Time is limited and you’re working to create a better future ahead. Remind yourself of those hard times (they may not have been that long ago); who supported you? Who did you lean on? Who pushed your forward when all you wanted to do was give up? Sure, you may be making the big bucks now, but would it be worth it if that was all you had? Life is too short to be consumed by money making. Strive for balance in your life & be sure to spend time with those that make life worth living.
The entrepreneurial life ain’t an easy one. If it was, you probably wouldn’t be reading this right now. While it poses many challenges, it can also provide you with many benefits. Don’t allow yourself to become one of those people that disappear for years, neglecting the important individuals around you, only to emerge with a business and nobody to share it with. That is not a happy life. Life is too short for that. Take care of yourself, of your relationships, your business, and your life through consistent time-management and ongoing self-awareness.
A business development attorney can help you regain control of the many moving parts involved in your business, which can allow you to have the time you need to do the things you want. Reach out to us by clicking here.
To the success of your business,
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