#1 Mistake Entrepreneurs Make That Costs Them Money, Freedom, And Joy!
In this video, you’ll learn:
✔️ THE #1 MISTAKE THAT ENTREPRENEURS MAKE THAT PREVENTS THEM FROM CREATING FREEDOM
✔️ THREE VITAL COMPONENTS THAT MUST BE IN PLACE TO RUN A BUSINESS THAT BRINGS YOU JOY!
Many business owners start as solo entrepreneurs wearing all the hats in their business. Over time they’ll become the jack of all trades, which can lead to some unproductive work habits that leave them feeling exhausted (and their team frustrated.)
They have very little free time (if any,) and they’re resenting the very thing they started to bring them freedom and joy. (This, by the way, is where many clients find themselves right before they hire me.)
The above frustrations happen for various (and typical) reasons:
Humans are creatures of habit, and so it can be challenging to identify and change the rituals that are preventing business owners from freeing up time
Society has an obsession with productivity, and narratives of hustling harder/success takes blood, sweat, and tears are preached everywhere you go.
Past experiences trigger business owners and make them not trust their businesses, putting them on edge and waiting for the other shoe to drop.
The biggest mistake all entrepreneurs make that makes them hate their business:
It’s from this frame of mind that entrepreneurs make their biggest mistake:
I call it the “One day when then I will..” syndrome– this is where a business owner continually puts off giving themselves anything they need to succeed. But that day never comes, no matter their progress/success.
This leads to more dissatisfaction – making the entrepreneur want to burn it all down or they’ll start to entertain thoughts of selling their asset.
So how do you get from this stuck and frustrating place to joy and freedom (without selling your business?)
When I work with my client to help them create more freedom without giving up higher profits, we usually start with the end in mind.
I take them right to that “One day, then I will” fantasy, and I ask:
What would the ideal situation look like if you were running a profitable business that allowed you to take time off?
Reverse engineering the objective:
Once the client identifies this, we reverse engineer the goal.
We identify:
What systems would need to be in place to support the goal
What delegation strategies would need to be deployed
And address any weaknesses that may be lingering in their team structure
I also help my clients identify their unique resiliency routines and ways of working in their business that rejuvenates and conserves energy.
An incremental approach
Once all these pieces are in place, we develop an incremental upgrade plan that allows the client to implement and test parts of the puzzle gradually. By doing this, my client gets to experiment and trust their support structures and make changes in real-time.
That’s part of the strategy we helped Sarah Noel Block implement, so she could spend quality time with her family. Read her story here.
How can we work together?
If you liked what you read here, and you’re curious to learn more about business coaching, you might also like this other article I wrote: How can a business coach help me?
And here are a few more ways you can get more support from me to become the best entrepreneur you can be:
Accelerate your growth with this free handy download.
Read my bestselling book, The Up Level Project
Join my group accountability program: Business Growth Achievers
Work with me: Book a 1:1 consultation with me here