Business owners would do anything for their company, but the real question is, at what cost?
Is your work-life balance tipped too heavily towards work? As a business owner you understand the importance of making your company a success. The extra hours needed, the motivation required to keep going every day but are these qualities threatening your health and happiness?
Let’s look at the motivation required to run a business.
From Haines Watts statistics more than a third (35%) of UK business owners lose the motivation to run their business at least once a year. This, in turn, will have a serious detrimental impact on physical and mental health. Mental health is the biggest victim of running a business with owners agreeing the job is “emotionally exhausting”.
So why are so many business owners at breaking point?
Lack of time away from the business is a significant factor with one in ten taking no holiday in a year and 52% taking less than ten days in total. While most companies promote a healthy work-life balance only 4% of business owners actually work to this principle.
As a business owner, you work hard to build a successful business to provide and enhance your family’s wellbeing but in many cases your relationship with your children or spouse has been damaged. Working long hours, there is no time to reflect on how running your own business can be one of the most rewarding paths in life – if you accomplish that balance!
What changes do business owners need to make?
- Take a step back to reflect and cast a strategic eye over your business. This is vital to retaining control and commitment as opposed to getting pulled down into the day-to-day working.
- Are there any mundane tasks that take up your time that can be outsourced?
- Look for an effective support networking group to join to help with your motivation and discuss your challenges, or find a support mechanism in a business partner or virtual assistant.
- Make use of annual holidays to recharge and spend this time relaxing with friends and family.
- Look at what motivates you (eg, money, family or passion for success),then use these key tools to push yourself to the next level.
“WORK TO LIVE, DON’T LIVE TO WORK” by Noel Gallagher