Pursuing entrepreneurship is definitely not for the faint of heart. As a business owner, you need to work hard to reach your target market and achieve success in your niche.
However, you also have to be smart about it. Striking a healthy work-life balance can be challenging when you’re spending a lot of time building your business.
According to the US Chamber of Commerce, “small business owners work twice as much as everyday employees”. On top of that, around “25% of owners work more than 60 hours a week to make sure their companies stay afloat.”
So, how do you know when you don’t have a proper work-life balance? Consider the following questions:
- Do you usually work long hours without breaks every day?
- Do you often feel stressed?
- Do you suffer from sleep deprivation?
- Do you have poor eating habits and lack exercise?
- Are you missing out on important events and occasions with your family and friends?
If you answered “yes” to even some of these, then you’ll surely benefit from applying the tips below.
1. Create an objective-driven schedule
Sure, flexibility is one of the major perks of owning a business. However, it can also be a serious drawback if not handled well.
This is the reason savvy entrepreneurs find it helpful to create their own daily schedules. Establishing a regular routine makes it possible for you to manage time more effectively. Plus, it makes it easier to achieve your goals, as you enjoy greater control over how you spend each day. In short, you are more focused on being productive – not merely being busy.
As best-selling business author Stephen Covey once said:
“The key is not to prioritize what’s on your schedule, but to schedule your priorities.”
2. Delegate and outsource
Hands-on business owners often fall into the temptation of doing everything themselves. This, of course, can result in added work and stress. Moreover, multitasking may even lead to avoidable errors.
“Any successful businessperson knows that people are not superheroes,” reminds Entrepreneur. “They can falter at times and commit mistakes when taking accountability for multiple tasks.”
As such, you’ll definitely want to invest time in training your team members. Another option is to try outsourcing specific projects. That way, you can entrust certain duties to them with minimal or no supervision. You, on the other hand, can devote more time and attention to growing your business.
3. When necessary, say “no”
In addition to effective scheduling and delegation, you also need the courage to say “no”, to avoid taking on too much work.
While it’s important to work hard and chase attractive opportunities, maintaining a healthy work-life balance means knowing your limitations.
Forbes contributor Colbey Pfund puts it this way:
“You know how much work is already on your plate, so only take on more if you can make it happen without getting stressed. When someone asks you to do more work and it immediately invokes anxiety, that’s a good sign that you should probably pass.”
4. Learn a new hobby
Remember the old proverb that says “all work and no play makes Jack a dull boy”? Well, there’s definitely more to life than work. That’s why unwinding is a must if you want to avoid burnout.
Hobbies such as cycling, dancing, gardening, hiking, painting, or playing video games can help you relax, have fun, and combat stress. They also encourage creativity and physical activity during your downtime.
5. Prioritize your health
We cannot emphasize this enough. Your overall mental, physical, and emotional well-being should always be your top priority.
Besides, chasing your dreams and fulfilling your responsibilities as a business owner will be much more difficult if you’re unwell.
Stick to the basics such as maintaining a healthy diet, setting aside time for regular exercise, and getting adequate sleep.
According to Dr. Ann Wigmore:
“Your health is what you make of it. Everything you do and think either adds to the vitality, energy and spirit you possess or takes away from it.”
It’s important to routinely take a step back from the stresses of work. While running your business is important, you also want to make sure that you have ample personal and family time. Your health and wellbeing depends on it.
Best of luck on improving your work-life balance!
Mark Rosario is a content specialist who regularly writes for Registate, a Delaware-based registered agent service provider. He has a passion for thorough research and converting business concepts into compelling, informative content.