Written by Karyn Winrich of financial-literacy.info
As an entrepreneur, you’ve got a lot on your plate. Not only are you concerned with your own career development, but you want to help equip each of your team members to take their careers as far as possible while benefiting the overall success of your organization.
If you’re like many other entrepreneurs, you have family, friends, and other passions and interests outside of work that you don’t want to lose sight of. Juggling all of your commitments can quickly become overwhelming without a strategy. But fortunately, if you’re intentional about finding harmony in your responsibilities, you can flourish in all areas of your life. Here is some practical advice for doing just that!
You might feel like many other entrepreneurs and be well acquainted with failure. Your desire is to be a superb leader, wife, mother, and friend. You might sometimes feel like you fail miserably at any or all of these roles.
But here’s the thing: you must practice anything if you hope to do it well. Every time you make a mistake, you have the opportunity to analyze where you messed up and take things in a different direction. Failing means the chance to grow.
You’re going to make mistakes. As long as you learn from them, they can improve your work and personal life in the long run. However, if you wait for too long and neglect to make changes toward growth, it can negatively impact your personal relationships, health, and productivity. Try not to get discouraged every time you make a mistake; just be intentional about using them to your advantage!
Keep Tabs on Your Finances
Healthy finances are critical to succeeding in business and at home. If you struggle to manage money, whether it’s for your team or your household, look for ways to improve. Creating a basic budget is an excellent place to start because it will show you where your money is coming from and where it’s going.
One area of your personal finances that you should always be mindful of is your credit history. Reading your annual free credit report, which is available from one of the big three credit bureaus, can help you stay apprised of your personal credit standing. Your credit score can affect your ability to take on loans like a mortgage, so it’s important to stay on top of it.
While taking out a business loan can give your business an injection of capital, you can also give your company a jumpstart by accessing grants. Fortunately, there are many grants available to women entrepreneurs. These include grants at the state and local level and national grants such as the Eileen Fisher Women-Owned Business Grant and Open Meadows Foundation Grant.
Take Time Off
Don’t be afraid to take vacations. As a leader, you may be tempted to always remain available to help your team and keep your organization running smoothly. But you will eventually burn out if you don’t skip town now and then. Prioritize time off to spend with your family and do other things you love.
Establish Firm Work Hours
While working in a leadership position, it might be impractical to say that you should never work overtime. Now and then, working on the weekend or coming home a bit later may not significantly harm your relationships. But you can rest assured that doing it too often will.
Set work hours and make sure your team, bosses, and family understand your boundaries. Remember your ultimate goal is to find harmony, not workaholism!
Opt for Harmony Over Balance
Finally, know that work-life balance is a myth. You cannot divide your energy evenly for the long term. Many entrepreneurs discover that pursuing harmony in life delivers better results. Instead of compartmentalizing your life, see all the parts as essential pieces of one puzzle. This means that you might talk about your kids a lot at work and share your office challenges and victories with the family when you get home.
This doesn’t mean you shouldn’t have priorities. But when each piece of your life is aware of the others, it tends to create a more supportive environment.
Being an entrepreneur can be rewarding, but it makes for a challenging career. If you want to foster your well-being and maintain a high quality of life, you must take steps to develop harmony. Consider the tips above as you start to make productive changes, and keep learning how you can reduce stress and add fulfillment in all areas of your life!
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