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Balance: The missing ingredient for young entrepreneurs

Time is the one thing that cannot be purchased or reclaimed. Once it's gone, it's gone for good. Unfortunately, it often takes years - sometimes decades - before people realise this. It's not until people have enough life experience that they're finally able to look back and understand just how valuable time really is.
What is work-life balance?

As a young entrepreneur, it’s imperative that you use your time wisely and make work-life balance a priority from the very start of your career. But what exactly is work-life balance? While it looks different for everyone, it’s essentially a healthy distribution of time and attention to your career and your personal obligations. It involves giving the appropriate amount of “weight” to each responsibility in your life.

Three tips for young entrepreneurs

“A healthy work-life balance is by no means limited to the young,” says Jeremy Biberdorf of AOL News, “but it's easier to lay the foundation for this lifestyle if you have personal freedom and plenty of years to implement your strategy.”

With that being said, let’s briefly review some of the different ways in which you – as a young entrepreneur – can understand the value of time and make work-life balance a priority in your own life.

1. Understand why you work

When relationship coaches and counselors look at the issue of work-life balance – particularly in light of familial or relational obligations – they often paint the “work” part of the equation in a negative light. They make people feel like their careers are necessary evils, not important aspects of living.

Don’t fall for this myth. Take into account all of the reasons behind why you work – to pay the mortgage, to send your children to school, to fund vacations, etc. – and you’ll soon realise that it’s not just about money.

“When you begin to look at the reasons behind why you work, you may find more joy and appreciation in it,” says Green Residential, a property management firm that emphasises work-life balance. “You’ll also feel less guilty about working. It’s not just something you’re doing to build wealth or fill up your time; it’s what you do to give your family freedom and happiness.”

2. Make time for personal obligations

The reason so many entrepreneurs fail to achieve any semblance of balance between their careers and their personal lives is that they fail to consciously make time for personal obligations. Unfortunately, work can be all-consuming and you need to make a habit of spending time with those who are special to you.

This is something renowned entrepreneur Richard Branson does in his own life. “I tend to wake up at 5am so that I can use the early morning hours to get some exercise and spend time with my family,” Branson says. “This routine helps put me in a positive mindset before I get down to business.”

3. Outsource whenever possible

If you’re running your own business, then you probably find it increasingly hard to step away. As a result, you not only work long days at the office, but you likely bring work home with you. This habit can be devastating to your personal life.

One of the best pieces of advice is to outsource or delegate tasks whenever possible. While you’ll have to give up some control and forgo some revenue, it’s well worth it in the long run.

Don’t underestimate the value of balance

Once today slips away, you can never get it back. As soon as you begin to understand this truth, you’ll discover that it revolutionises the way you approach work-life balance. You’ll suddenly invest more effort into everything you do. No longer will half-hearted attempts characterise the ways in which you address your personal life and your career. More effort will be put forth on both fronts, creating a healthier balance than ever before.

16 Aug 2016 14:47

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About Boris Dzhingarov

Boris Dzhingarov graduated UNWE with a major in marketing. He is the CEO of ESBO ltd brand mentioning agency. He writes for several online sites such as Tech.co, Semrush.com, Tweakyourbiz.com, Socialnomics.net. Boris is the founder of MonetaryLibrary.com and cryptoext.com.




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