Beware Of The Trap Of Entrepreneurial Success

Image Credit: Unsplash

Building a successful company is what every entrepreneur dreams of and works towards relentlessly. Running a 6 or even 7 figure business is the ultimate goal of countless founders and entrepreneurs; it seems to be the answer to all problems. Yet, during my time working with business owners who’ve “made it,” I observed that entrepreneurial success is extremely glorified. Having clients/customers rolling in and high sales are (surprisingly) not the magic bullet to a fulfilling life, and as effortless as most people picture it.

In fact, it’s probably one of the most stressful and exhausting responsibilities one can ever take on and most entrepreneurs are not prepared for it. Getting a business up and running is one thing, but keeping it up in a sustainable way is a completely different thing. “Starting a business could make you rich. But that doesn’t mean you’ll be satisfied.” Charlie Wells wrote in an article for The Wall Street Journal.

When striving to achieve entrepreneurial success one should keep in mind that every opportunity comes at an opportunity cost. Problems don’t magically disappear, and as your business grows, it’ll come with a whole new set of challenges. Having no one telling you how to manage your time and where to focus means every decision is on you; Decisions that may have major impact on your company, life, and even your employees’ lives.

All of a sudden you have to learn how to lead a high-performing team and implement new systems while trying to keep a cool head to stay productive and balanced. The success of your company is still directly related to your performance as an owner and leader. No wonder burnout, chronic stress, and anxiety are some of the biggest problems accomplished entrepreneurs struggle with.

By building a company, you have to change the way you operate in it to increase the bottom line as well as your personal well being. In business, there is just as much stress with success as there is with failure. Unfortunately, many type-A entrepreneurs don’t want to get or have help.

Here are 6 Steps to getting your life back and finding joy in your work again:

1. Why did you start?

The first and most important question to ask yourself is “Why did I even start?” Oftentimes, when we set out to achieve a goal we lose ourselves in the process. What once felt like fun is now a drag.

Burnout is really the misalignment between your purpose, values,…

read more…