Phew, this is a tough topic, in my opinion. Sometimes life as an entrepreneur is amazing. Everything is going your way. You are on top of the world. Everyone wants to snuggle up next to you and your neighbors want to be you.
And then . . .
I always say, if entrepreneurship was for everyone, then everyone would do it. Obviously, that’s not the case. You need a soul of steel somedays to withstand and endure the wild roller coaster of business ownership. I will never forget several years ago sitting at an awards dinner with my husband (which we won btw). We had just come off of a crazy day with about 3 major highs and an equal number of major lows (business wise). We joked at the time about the crazy day we had just endured and how this lifestyle is definitely not for everyone. A friend recently said she and her husband use the phrases, “I’m killing it / it’s killing me” to describe business ownership and sometimes multiple times a day. I loved that!! So, with the constant volatility of entrepreneurship, what are some techniques to pick yourself up from your bootstraps to persist, persevere and continue to pursue your passion?
- According to research via Harp Family Institute, 3 ways entrepreneurs healthfully deal with stress is to, exercise, talk it through, and change your environment. I have taken this to heart and have adopted what I call the “walk and talk”. Just when you’re about to bang your head against your desk or punch your computer, find someone around you and take a walk. Long, short, fast or slow, it doesn’t matter. Choose a topic to discuss. It can be about work if you need to orally process, or it can be about the latest tv show or movie you have seen. By changing your environment, talking and walking, you are essentially accomplishing all 3 of the top stress releasers recommend in one activity.
- Choose an amazing life partner! This may seem obvious, but its really not. In order to regularly feel like you’re not entirely alone in the world, it’s best to have a spouse or life partner who is able to make lemonade out of lemons on a regular basis with you. Don’t leave him/her in the dark. Keep your partner appraised of your ups and downs. That said, find out how much they can actually handle and try to work within those parameters. HFI data shows that spouses can take a great deal more than entrepreneurs believe. Have the conversation and let your spouse know how you want them to respond when you’re sharing about the business. When you share an ‘it’s killing me’ moment, do you just want to vent or actually get their feedback?
- Sleep. I know as entrepreneurs you want to feel like you’re invincible super heroes all of the time, but even most super heroes need sleep. Study after study shows the importance of getting a good night of sleep. Give in and allow yourself 8, 9 maybe even 10 hours!
- Give yourself permission. This may seem odd, but sometimes giving yourself permission to take a few hours or even a day off will free your mind to solve the problem at hand. Day in and day out you give of yourself, your time, your energy, your everything. We are human and we do need to recharge. Allowing time to yourself will often heal the fissure you feel from the constant beat down of business ownership.
- Find a simple task to complete. During your day, you are likely bombarded with a million major fires and problems to solve. I often talk about how packing an overnight bag or deciding what to eat for dinner feels monumental after a long day of decision making. Find something brainless and simple to do, like doing the dishes, making your bed, or a certain repetitive action in a video game. The sense of completion you will feel from even doing a menial task can help heal your bruised psyche.
- Self talk. What we tell ourselves on a daily basis matters. Sometimes when we are surrounded by, what feels like dishonorable people, reminding ourselves that we would rather be an honorable soul can help. Sadly, in the business world, as in life, not everyone operates at the same level of loyalty and honor. And it is frustrating. Sometimes it’s hard to always DO THE RIGHT THING. But know, even if it means you get screwed over sometimes, you probably couldn’t live with yourself if you didn’t live as honorably as you do. For the duplicitous a** holes out there, well, just try to feel sorry for them. For they most likely live a challenged and miserable life behind closed doors. (I think this may end up being a whole blog post for another day)!
- Read. Fiction, non-fiction. Whatever works. It’s great to choose books (or movies) about people who were down and eventually “made it”. Stories like those about Walt Disney and other entrepreneurs who tried, and tried, and tried, and tried and only when they thought it a lost cause, finally made it. Those are my super heroes! Tenacity. Perseverance. Souls of steel!
- Recognize that stuff is just stuff. Houses, cars, jewelry, boats, planes and all of the great things that come with having money are only great if you have someone to share it all with. Sometimes it’s easy come, easy go with this lifestyle. Make sure you try to surround yourself with friends and family who won’t bail on you if times get tough. Ask yourselves, how far are we willing to go and how much are we willing to risk? Set limits and try your darnedest to keep them. What would happen if you had to sell the house and move to an apartment? Still together or not?
- Hug a child or a pet. Sometimes we just need a little unconditional lovin’ in our lives. Although our spouses and partners can offer love and support, its just feels different when its coming from someone who doesn’t really understand just how much pressure you are feeling not to let them down. No kids or pets in tow? Buy a large stuffed animal or a weighted blanket and put in on your chest. There’s a reason they use them for individuals with disabilities. They are amazingly comforting.
- Practice gratitude. When life gets you down, make a list of everything you are grateful for. Come up with as many things as you can think of and share it with your partner. Recognizing how much we have in our lives can put the down moments into perspective and help propel us forward. Sometimes it also helps to make a reverse gratitude list. How much worse could it be? Then be grateful it’s not that bad!
Recently we started watching Little House on the Prairie with our kids. Aside from the tremendous amount of “teachable moments” the show provides, I love watching how Pa literally has bootstraps on his boots. A great deal of the literature review for my Master’s Thesis was on farm families because in many ways, they were the original entrepreneurs. Every time I watch Pa and his bootstraps I am grateful for how far we’ve come!
How do you pull yourself up from your bootstraps?
As the Beatles song clearly states, “money can’t buy me love”. Ok we get that, but can it buy happiness? As an entrepreneur, a significant part of the end goal of any venture is money. Whether the goal is just to make enough to survive and provide for your family, or whether the goal is to exit your company and become independently wealthy, either way, money obviously plays a role in every business owner’s endeavor. But does it buy happiness?
Researchers have been looking at this question for decades and from several different angles. In 2010 researchers at Princeton University’s Woodrow Wilson School published the results of a study that found when someone makes over 75K a year, their happiness index doesn’t change as their income increases.
In my own, Harp Family Institute research, I used a different financial measurement and discovered similar results, but with a 100K income.
So, the question is, how, as entrepreneurs can we reconcile all the hours of hard work, the stress that comes with being the boss, the potential loss of family and friends around you due to the blinders you put on in your quest for an extraordinary life?
One answer is that at an entrepreneur’s core, the quest for happiness (as other’s define it) is not your ultimate end goal in life. There is something deeper in your soul that drives you. Is it respect? Is it power? Is it knowledge? Is it the desire to leave a legacy? The answer is not a simple one and perhaps it’s a combination of a multitude of factors, but one thing is for sure, the quest for happiness is not the number one motivator within an entrepreneur.
When I first met my husband, I made a comment about how content I was was. His response to my comment shocked (and dismayed) me. He said, “That must be nice. I don’t know if I’ve ever been truly content.” We went on to discuss this in detail, but at the end of the day, he generally always feels more can be done, and thus, feels a sense of discontentment at all times.
About a decade later, I was interviewing a man with a net worth of roughly 300M. I asked him the question, “What does it feel like to have ‘made it’?” His response also shocked me. He told me that an entrepreneur has never really made it, regardless of how much money they have, because there is always something more to do. They are always thinking about what else they can do . . .
I add the ellipsis at the end of the sentence because this is how I now view the true entrepreneur, there isn’t an end. Going out and getting a job that pays $75K IS NOT AN OPTION. Not because it’s not enough money to survive, but because the job, as millions of people around the world view it, isn’t even going to begin to scratch the itch of a true entrepreneur.
They need more. They crave more. In their souls, the drive, or as my dad used to call it, the fire in their bellies, isn’t really motivated by money, but by something much deeper. Money is merely the icing on the cake. It’s what people see. What people attribute to business ownership. Don’t get me wrong, having money is great. It’s amazing to be able to do and implement what you conceive of.
But for entrepreneurs, it’s about so much more . . .
If you read my previous blog post, after I published the first book, I thought, why stop with marital relationships. . . let’s bring it to the office! After all, research shows that when a business incorporates a value-based recognition system—a program that specifies ways to show appreciation for its employees’ work and contributions—there is less turnover, higher employee engagement, and an increase in the bottom line. So I made one to try out at your office as well!
Coming soon: Sex and Intimacy
Parents and Children
When we get married, the idea (or hope, or goal) is that we no longer feel alone. Regardless of the ups and downs that time may present, you have a partner, a confidant, a teammate every step of the way. Perhaps you may not always agree on an issue or a decision you have to make, but the concept that you are a team, first and foremost will help guide you through the challenge of your disagreement.
For example, some friends of mine were struggling with a variety of issues, including some parenting decisions. They found themselves constantly fighting, so they decided to go for therapy. One afternoon (several session in) the therapist stopped them mid-fight and said, “STOP!! Just stop! You’re on the same team here. . . the same side.” Just hearing those words sent ‘aha’ shock waves through them. They were able to re-convene their discussion from the perspective of, ‘at the end of the day, we both want what’s best for our child,’ thus we ARE on the same team. It was amazing how well they worked together to come up with possible solutions vs. fighting each other and making the other feel a need for defiance.
As entrepreneurs, at the office, typically, what you say . . . goes. But you didn’t get married to be the boss of your spouse. . . you are equal partners. Sometimes it is difficult to step back from your role as the boss and accept that you are equal partners in your home life.
It can be equally as challenging for a spouse who has become accustomed to deferring to the entrepreneur to find/ hold on to his/her own voice. We will continue this thread throughout other blog entries, but the foundation to all of this is the consistency of acknowledgement that you are on the same team.
I was talking with a couple the other day about division of labor with regard to handing their personal “business”. They are recently married and prior to their nuptials, Sam* (names have been changed) owned a couple of rental properties. They have been working on trying to turn over the properties to his wife Sally*, but it has not gone particularly well.
Initially, they decided to hire a property manager with the hope and expectation that Sally would learn from her and eventually be able to manage them herself. Unfortunately, Sally and the property manager do not get along well at all. Sally spent some time looking for someone to take her place, but was only able to identify companies that charged twice the price. Eventually, Sam got frustrated, so he took back over the task of working with the property manager and Sally hasn’t been helping out with that part of their lives. Over time, this has left both Sam and Sally resentful of each other with regard to this topic. So we got to the bottom of it and came up with a plan.
First, it was important for Sam to acknowledge that Sally really does want to contribute and take more things off of his plate. To put it bluntly, sometimes women just don’t work well with other women. There, I said it!! I felt it was essential for him to recognize that it was a possibility the property manager just responded better to working with a man; and regardless of where things ended up with our “plan” it might still not be a good fit between Sally and the property manager.
Second, we decided that for the next two months, both Sally and Sam would work together with her. That way Sally could watch the way Sam interacted with her and hopefully continue that pattern after Sam was weaned off. Initially, she wouldn’t talk very much, just listen and observe. After the first month, she could start to re-establish her own relationship with the property manager, but Sam would still be involved.
Third, after 2 months, Sam would turn over the project to Sally and she would try to work with and learn from the property manager for an additional 6 months. If it worked out, great. If not, then together they would work to find a replacement.
Two major outcomes came out of this discussion.
1. They will set aside 2-3 hours of time each week to work in tandem with each other. Sam will work on whatever he needs to work on for his business, but because they will be in the same vicinity of each other, whenever Sally “needs” Sam for something, he will drop what he is doing and be fully available to Sally. This way, she isn’t saying randomly throughout the week, “I need you to call xxx”. She can set up the call and he will be there to help. This takes the responsibility off his crazy full entrepreneurial plate, but enables her to accomplish tasks she can’t do without him.
2. I pointed out to Sam, that by “taking back over” the property management account and making Sally feel inadequate because she didn’t work well with the property manager, he, for lack of a better phrase, hurt her feelings. He didn’t have her back. He didn’t show her, “we’re on the same team.” During the discussion, both Sam and Sally had an ‘aha’ moment. I don’t even think Sally realized that her feelings were hurt, but they definitely were. What she heard was, “the property manager is more important than you”. Of course that’s not what Sam was intending to convey, but that’s what was heard. In marriage, and more importantly and entrepreneurial marriage the underlying foundation has to always be, “Team Sam and Sally” or “Us vs Them” or whatever works for you and your relationship.
The plan we outlined above, recognizes that both Sam and Sally are vital to the success of their “personal business” and has them working together as a team!
Good communication . . . it’s a phrase everyone uses to describe a good relationship. Many of us believe we are good enough communicators that we don’t really need to work on this skill any longer. After all, we’ve been talking since we were around 2! So how does good communication differ from just talking about things?
First, good communication skills include mastering not just the art of talking, but the art of listening. A good communicator spends most of their time listening to the other person and trying to get inside their mind. What are they trying to say? Why are they saying it with that tone, those words, that facial expression? If I were trying to say the same thing, how would I say it?
After you have thought through each of these questions, the next step is to mirror their words and ask if you’re interpreting their sentiment correctly. Take the idea, ‘if I were trying to say the same thing, how would I say it?’ Then actually, put what you think they’re trying to say in your own words and say, “So, if I’m hearing you correctly, you’re saying . . . Is that correct?”
If you’re wrong, ask them to say it again, perhaps using different words. Assure them you really want to solve the issue and hear what they’re saying. The more your partner believes you care about what they are thinking and feeling, the more likely you are to better understand each other and communicate effectively.
So, the number one trick to better communicating. . . listening!
I don’t know about you, but over the 14 years I’ve been married, Valentine’s Day has been largely underwhelming. We often refer to a recent evening out or a future trip as our big Valentine’s Day gifts to each other. We hug, we kiss, we go out to dinner, maybe have sex , but chocolates, roses and the occasional piece of jewelry feel like a waste of money at this point. So this year, I am committed to doing something more, something with meaning and thought. Below are 5 ideas of how both you and I can show our spouses just how much they mean to us this year.
- 1. Grab a dry erase marker and describe 5 things your partner does that make you really happy. Write it on the bathroom mirror so he/she sees it every day.
- 2. Set a calendar appointment on your phone to text your partner 1 time a week for the next 12 months to let him/her know something they did to make your life better and a little sweeter that week. Start on Feb 14!
- 3. Write a Haiku or a Roses are Red poem and read it aloud during dinner. Have it printed up and framed for their desk. It can be funny, loving, sweet, sassy or whatever mood you desire. Try to define the nature of your relationship with the poem.
- 4. Single out the one greatest reason why you adore your partner. Does he/she make you laugh on a regular basis; is he/she romantic, does he/she do kind things for you on a regular basis? Take a piece of construction paper and jot down the one great reason with 3 supporting details of things he/she did recently that encouraged you to choose that trait. Give this as your primary Valentine’s Card.
- 5. During your Valentine’s dinner, let your partner know you care about the business (whether you work there or not). Come up with 3 things to share about the business that your partner may not know, or 3 questions you have about the business that you would like to know more about. Talk about where you see the business in the next 3-5 years and what the end goal is with regard to the business.
- 6. ADD ON: This costs money, but I thought it was too cute not to share! https://lovebookonline.com
“I went to a therapist the other day, but I don’t think he really understood my dilemma because he wasn’t an entrepreneur.” These are words my friend shared the other day was she was lamenting the change in her home situation. Her husband has been an entrepreneur for as long as we’ve known each other. Recently, however, he just started a new venture and it’s like they’re starting back at the beginning again. She is a hard working attorney with her own daily challenges. They are an amazing couple and don’t really need “therapy” in my opinion. What they need are new tools to help positively shape their communication moving forward. The “old way” their house, family and relationship worked just isn’t going to cut it any longer. Sometimes it’s hard to establish new patterns, but they are necessary if you want to maintain and build upon your relationship. Here were my initial suggestions to her.
- 1. Every business holds a weekly staff meeting. Establish one at home as well. Each week, get the family together, and create an agenda so each person has an opportunity to share where they are with the items that are most important to them.
- 2. Put a “Shit That Matters” notebook in an accessible place (like the kitchen). Throughout the week, document important thoughts in the book you fear you will forget, but want to recall when the time is right.
- 3. Figure out 1 to 2 times a week to take a “walk and talk”. Set aside a minimum of 30 minutes. Determine ahead of time who can dominate the discussion and what the topic will revolve around. Audiotape the chat if you want to remember certain points made during the walk.
- 4. Embrace new habits. We’ve all heard the line, “when you’re on your deathbed, will you say, ‘I wish I worked more’?” Probably not. Different times in an entrepreneurs life will inevitably call for greater sacrifices from his/her family. Along the way, though, it’s critical to be flexible, talk as much as humanly possible, and embrace new habits that work for everyone impacted by the business.
- 5. Self Plug: Join my monthly call to get support, thoughts and suggestions from myself and other entrepreneurs, business owners, spouses, co-preneurs and individuals in high intensity positions.
I recently started to think about my presentation from a new perspective. What is it missing? How can I improve my message? I started looking up ways to inspire greatness today and these two resonated with me.
“Give the other person a fine reputation to live up to.”
“You don’t lead by pointing and telling people some place to go. You lead by going to that place and making a case.”
My husband is often telling the kids what a wonderful mother they have. He compliments me all the time and points out to them the specifics of what makes me great. It often makes me feel uncomfortable (while at the same time I love it)! The discomfort, I believe, comes from my wondering if he really means what he is saying. Or, is it possible, all this time he has been giving me a “fine reputation to live up to”?!! Perhaps it’s a bit of both. Either way, it certainly motivates me to be a better mother and wife so I suppose it’s a win win regardless of how I look at it.
The second quote resonated because while I do a lot of speeches and include a lot of personal anecdotes, I never fully share my personal story with people. When I was rebuilding my website, a friend encouraged me to share more of my story. I’ve been there, done that, seen that with regard to entrepreneurship from a child’s perspective, a spousal perspective and now a personal perspective. I’ve been up. . . way up and I’ve been down . . . way down. Maybe if I lead by revealing that I’ve gone to “that place” then I will inspire greatness among those who hear my story.