Even the most successful business owner sometimes suffers individually when managing the competing needs and priorities of their business, clients, staff, family, relationships, personal goals and interests.
These competing elements can take a significant toll on individuals, with stress and pressure affecting health and wellbeing, and also often impacting their ability to make sound business and life decisions.
To be successful in managing this balance you need to be supremely organised, disciplined, and able to evaluate trade-offs and priorities, depending on various competing factors and the expectations of those around you.
Actions/remedies/tips:
As part of being a business owner you owe it your business, your staff and your family to invest in yourself and your team.
This may take a couple of forms:
- Make a deliberate decision to invest in your nutrition, your physical and mental health, and wellbeing.
This may seem like a cost to the business to begin with, but it will be rewarded with a leader capable of more robust decision-making. - Develop trust in others in your business and learn how to delegate.
See your team as an orchestra with you as the conductor – rather than you just being a piano player on your own!
Sure a conductor can slip into the piano seat occasionally, because they’re really good at it, but there needs to be a horn section, a woodwind section, a strings section and so on, all working together and taking responsibility for their own parts in the performance!
Related resources
How to have a healthy business and a healthy life
Succession planning for small to mid-sized businesses
Training and professional development advice
This blog comes from our ebook: How to overcome 6 business pain points. If you need support dealing with pain points in your business, we’re keen to help you. Feel free to get in touch by calling 02 6360 0360 or 02 9893 1803 for a confidential, obligation-free discussion.
