Business Time or Family Time?

A common struggle is balancing spending time on your business to make more money and a focus on your family. Should you sacrifice your family time to make more money?

There will be times in your life when you need to spend more time on your business due to reasons such as seasonality of the business, growing the business, starting up a new business, and fixing problems. This is normal and probably will not create long-term problems unless taken to the extreme. Extreme examples include: working 7 days a week/12 hours a day, working away from home for long stretches of time, and always coming home with no energy left over for your family. The threshold will be different for every family depending upon dynamics and the length of time away, but a general rule is the more time away from your family, the easier it will be to invite problems into your home.

A good approach is a balanced approach. By taking this approach you set limits and boundaries on time spent on your business. While you can still grow your business, you may end up with slower growth due to less time being spent on it. However, if you work smarter, then you may actually do better by spending your time even more productively and only pursuing opportunities that provide the highest return per time spent. Maybe you can have your cake and eat it to!

Figure out what you are trying to accomplish with your business growth and make sure this is in line with what matters most to you.

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