Maintaining a healthy business-life balance is not only important to your relationships and health but also helps improve your performance and ultimately, your productivity. When you have hobbies outside your work habit, it reinforces the enthusiasm you have at work. Striking a balance between your business and personal life offers numerous benefits, including reducing the risk of burnout, fewer health problems, more engagement, and more. In today’s podcast, Jason Wojciechowski from Lifeonaire and Stephen Halasnik from Financing Solutions discuss ‘the power of using a vision to create a life and business you love.
Summary
The Power of Using a Vision to Create a Life and Business You Love
Running a business means that you are often pulled from many different directions. In other words, you likely have a full plate at every waking moment, and it can be pretty challenging to know how to strike a balance between your personal life and small business.
Entrepreneurs who are highly obsessed with their businesses usually put essential aspects of their personal and social life on the back burner to get their businesses up and running. However, neglecting your personal life could have grave implications in the long run.
If you can’t balance your business and life, you might develop burnout and get overwhelmed by the rollercoaster of running a business. However, smart business owners know how to strike a balance between their businesses and life by putting a system in place so that they can effectively operate their company even if they are not there.
Below are the tips for building a successful business while maintaining a healthy balanced life.
Tips for Creating a Life Business You Love
Most people want to have their own businesses because they want to be their own bosses and have the freedom to set the tone of their lives. However, if you’re not careful enough, you might get caught up with the many activities involved in building a company and lose focus on the true meaning and essence of living.
Here are the tips that will help you improve your work-life balance.
Identify What Is Important to You
To live a happy, productive, and fulfilled life, you should strive to find a balance in life. That’s not to say you should have equal time for everything, but you should understand what are the most things for you and allocate meaningful time for each of these areas in a weekly or monthly cycle.
Critical aspects of our life demand our attention, just like our businesses. For example, you should learn to spend quality time with your family and look after your health. You must exercise regularly and feed well to maintain mental and physical health. Finding time for each area will make you feel happier and more in control of your business.
Build a System
Creating a business-life balance means you must have processes and procedures in your company. In other words, you should have a normal way of doing things in your business, irrespective of who’s doing it.
Having a system makes running your business a lot easier by allowing you to monitor and manage your team members while connecting to the operational strategy of your business. Plus, systems and processes enhance the overall performance of your small business as your employees are empowered to take on roles that are beneficial to your company.
Empower Your Team Members
You should develop your employees to take on more responsibilities and leadership positions so as to free up much time for you to balance your business and personal life.
Instead of micromanaging your team members, empower them to perform specific projects and tasks and give them authority. This gives them a sense of value within your company. However, you need to equip them with the necessary skillset that will allow them to deliver. By delegating projects to your rockstar team members and making them leaders, it will reduce your workload and gives you the time to spend on other important things.
Be Creative and Innovative
Smart business owners use innovative ideas to get things done pretty fast. You should learn how to leverage technology to run your company. For example, investing in cloud-based tools will allow you to work from anywhere with an internet connection.
Doing so can help you work on your business even when you’re not within. Creativity will help you cut down the number of hours you spend on tasks while maximizing productivity.
Create a Personal Time
Most small business owners always have a tight schedule and don’t take things concerning their personal lives seriously. If you don’t want to fall into this category, you should learn how to take some steps back and reflect.
Try to bring out some personal time in your calendar every day or week and spend it all alone. It can be as short as 30 minutes or as long as you think is convenient. It’s the best way to find free time, helping you to balance your business and personal life.
Have a Hobby
Many business owners value time so much that they don’t want to spend time on things unrelated to their business. However, this comes with a great cost. Not having a break to have fun can drain you mentally and physically, and you will easily get overwhelmed with the numerous tasks inherent in running a business.
On the contrary, engaging in hobbies will help you beat burnout and improve your problem-solving ability, memory, and productivity.
Have a Coach
A good business coach is indispensable if you want a balanced business and personal life. A coach will remind you why you got into the business and help walk you through some challenging aspects of your business.
In addition, a business coach will help you establish realistic goals and help you create a step-by-step process to reach your set objectives.
Learn About Our Guest
Jason speaks all over the country sharing and empowering others, and hosts our own Lifeonaire Show podcast which has had guests like Mike Michalowicz (Profit First), Bob Burg (Go-Giver), Frank McKinney, Mindy Jensen, and Scott Trench (BiggerPockets) and many others on.
Learn About Learn Financing Solutions
Financing Solutions provides an easy-to-setup unsecured small business line of credit to small businesses. The small business financing product is a great cash backup plan that costs nothing to set up, nothing until used, and is inexpensive when needed. Financing Solutions is rated A+ by the Better Business Bureau and 5 stars by the BBB/Google Reviews.
Unlike a traditional business bank loan, our business credit line requires no collateral or personal guarantee (except in fraud cases), making it an excellent alternative business financing option. Small businesses often use their line of credit for short-term expenses, working capital, to make payroll, or for business investment, especially when business cash flow is temporarily down.
Get a free, no-obligation business line of credit quote by filling out our simple 2- minute business line of credit application here.
Remember: The time to set up a credit line is when you don’t need it.
