How is Your Personal Life Holding Back your Business?
The new year is fast approaching and has many business owners wondering how they can continue to grow your business into the new year. Your personal life may be holding back your business. By balancing your work and your personal life, you may be able to reach new heights for your business that you never thought imaginable. But how can you know if the balance you currently have is the right fit for your business’s growth? Here are some identifiers that could make reevaluating the balance you have easier to modify.
You are allocating your time effectively.
Limit distraction from your personal life to your work life
Be sure you have a knowledgeable team.
You are allocating your time more effectively.
Like everything else in your life, it takes time. For anything to grow, you need to spend the time helping it grow. Many business owners believe that once the business is off the ground, they can dial back their time spent with the company. This is not the case. Yes, it takes more time, in the beginning, to get the business off the ground, but as it is learning to fly, you, as the business owner, should steady your time into a routine. Like a child, to grow and create their inner balance, they need practice. This routine may change over time, but none the less they have a consistent schedule.
The same idea should be implemented in your business. As your business grows, your routine amount of time with the business may change but stays consistent for long periods. Many business owners mistake being in the office a lot for a short period and then gone for another period. This can cause a mass spike in growth and decrease as your hours change because your time is effort. Create a routine for yourself and then reevaluate to be sure you are maintaining this routine. If you need to change your time with the business, be sure to stay consistent in that new routine not to continue fluctuation.
Limit distractions from your personal life to your work life.
Business owners often take up the notion that they need to be everything for everyone all the time. We are here to tell you how a person can be all that at once. As a business owner, you need to schedule your time wisely and be focused on one task at a time. Accepting distractions can break your focus and may even make you forget entirely what you were working on. The dropped reading may have been essential to your business or customer and can have significant damaging effects on your business’ reputation.
You can limit distractions by communicating with your employees through a calendar of your schedule and when you need quiet time to focus. You can also be silencing your phone not to be distracted by your personal life. The same goes for your home life, be sure that if you are strict with your distractions at work, you are as severe with your business when at home. If you set a precedent that this is how you manage your lifestyle, your employees and family members will become more accustomed to this schedule and be more respectful. This can allow you better work and home environment.
Be sure you have a knowledgeable team.
You are the expert on your business and how you want it to be. But you may not have all the skillsets or time to build your vision. This is what sparks a business owner to begin hiring employees. Your employees have the skills needed to run your business effectively. Now, what often happens is that a business owner will assume that themselves and their team are on the same page with the same motivations. For many employees, this is not the case. As your team, they need to be lead by you for your business to grow. While they may possess the skills you need, they cannot read your mind to see your business’s ultimate vision.
There needs to be excellent and effective communication throughout your business as well as your home life. Be letting those close to you know where your head is at and what you need, as well as your work team. Life is about to give and take. Everyone has a need that needs to be met. When communication is effective, those needs can be completed on both sides, and you can all reach your goals. Finding a balance between home and work starts and ends with a successful amount of communication. Organize weekly check-ins with your family and then with your work team. Make sure everyone is getting the assistance and care they need to run their life successfully. If they feel their need are being met, then they can continue. If they are not, this could result in employee turnover and fights between family.
It is essential to find your perfect balance between your work life and your family. This can make for a more significant amount of success and happiness in both areas of your life. As your business fluctuates, these policies and processes may need to be evaluated. That is ok as long as you continue to nurture and monitor your balance of work and personal life.
Now, ask yourself, is your personal life holding back your business?