Being an entrepreneur, running an SME – these are demanding undertakings. Balancing them with your home life is difficult, but vital. Here are five top tips for getting it right.

  1. Be prepared to miss outPersonal sacrifice is, unfortunately, essential to running your own business. Sometimes the business simply has to take priority over friends and family – even, on occasion, when you’ve already made plans with them.Unless they really understand what you’re going through, they’re unlikely to be sympathetic. Always try to explain to them how important it is to not let your business down when you’ve already made so many sacrifices to get it to where it is. Similarly, regularly give them a topline business progress update. This will help them understand your current state of mind, making it easier for them to know what you’re going through and when you might need their support.
  2. Use ‘your time’ wisely
    As your own boss, you’ll have the freedom and flexibility to work in a way that best suits you – in theory anyway! Of course, you’ll inevitably work longer hours in the evenings and at weekends, but that also means you are the one in charge of your time. No longer is there a rigid block of time when you have to be in the office, working for someone else. See this fresh flexibility as an opportunity to, for example, attend your children’s school plays, sports days and parents’ evenings. It’s now much easier to take a couple of hours out of your day and make the time up later.

 

  1. Combat exhaustion and burn-out
    At times, the hours you need to put in can feel overwhelming. Likewise, success can feel a million miles away despite your best efforts. When feelings like these start to weigh heavily on you, your SME will inevitably suffer.As a first step, learn to back off and take regular breaks. You will return reinvigorated and much more productive.
    Secondly, don’t underestimate the value of a good diet with regular, strenuous exercise.

    Thirdly, don’t work so hard you neglect your friends. Stay in regular contact – even daily social media interactions will keep your spirits up, and help you avoid feeling isolated.

  2. Find a mentor
    It’s important to discuss ideas and strategies with someone not involved directly with the business. This will give you a fresh perspective, and a sounding board outside your other networks.

 

  1. Switch off
    The line between business and home life is even more blurred for the SME owner than the average working person. It’s essential you find a division. Make rules to limit email use to particular times in the day. Switch your mobile phone to ‘silent’ when you’re busy. Find a day a week when you finish early and do something social or recreational.

 

 

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“The opinions expressed within this article are generic. Mashreq is not responsible for the accuracy, completeness, suitability or validity of any information on this article. The information, facts or opinions appearing in this article do not reflect the views of Mashreq. Mashreq does not assume any responsibility or liability for the same.”

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