Monday, 14 April 2014

The Perfect Work\Life Balance: You Know You Want It - An Expose of a Stressed Out Entrepreneur

As an entrepreneur I’ve realized that the biggest problems we entrepreneurs face, is that we can’t get the work\life balance right. We’re either too involved in our work, working 16 hour days and trying to do it all; or we’re totally lazy, trying to procrastinate every little task. If that’s not the case, then we hardly have time to socialize with our friends, or spend some quality time with our family; heck, we hardly have time for our self either. There just isn’t a balance in our life; either case causes too many problems. And both cases are doomed to fail.
What happens is that there are too many roles and responsibilities we need to fulfill as entrepreneurs. From spending time with family and fulfilling the responsibilities we have to company duties, we just have too many roles that we need to step into. However, when we try to break down these responsibilities, everything gets a little too daunting and can result in great amounts of guilt being carried around because we just can’t seem to meet all the obligations.
Here are two lessons on what I have learned throughout the course of my business life about the best way to achieve a perfect work\life balance.
·         Line up your ducks
Procrastination is a word that entrepreneurs should stay well away off. It basically allows an entrepreneur to replace high priority duties with ones that are of low priority. This act is then followed with an emotional high that drains away every last drop of energy. Therefore, small business owners should not put things off for later; they should focus on a task and get it done. An easier approach to dealing with procrastination would be making a schedule and sticking to it. Start off by dealing with the big, time-consuming and non negotiable tasks, and then follow it with the less important activities.
·         Straighten up your priorities
In order to achieve the perfect balance between work and life is by getting the priorities straight. You need to figure out which activities require your direct involvement, and which tasks can be passed on to others. This way you’ll have enough time for both – work and life.
In order to set your priorities, you’ll need to delegate tasks as well. I know that most entrepreneurs feel the need to micro manage every single thing; however, this causes nothing but trouble. It will not only force you to work 16 to 18 hour days, but will also result in no substantial work being done.
However, with funds being low and tasks being too many, how would you delegate tasks and hire employees? Well, one good way of saving money and getting efficient work done is by hiring services that provide outsourced work. They usually charge peanuts compared to what onshore employees would charge, and it’s a lot less hassle as well. Now I know that it’s really hard to find the right outsourcing company that would provide work of the highest quality, but it’s not impossible. To achieve the perfect balance between your life and work you will need to make a few tough decisions, but in the end they’ll all be worth it. So keep your head high, and try to prioritize your life.

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