How to Build a Thriving Business Without Sacrificing Your Spirit, Soul or Sanity

I’m sure you’ve heard that you can’t have it all. If you excel in business, your personal life will suffer, and if you focus on your personal life, your business success will stall.

Well, I don’t subscribe to that idea.

Instead, I believe you have to be strategic in how you grow your business to minimize its impact on your personal life. This isn't to say that you won't see an effect on your day-to-day life, because honestly, you will. However, you shouldn't have to sacrifice your spirit, soul, or sanity to succeed in business and have a personal life you love.

Here are the 4 steps you can take to start balancing the scale:

1.) Scale Strategically

Have you heard of the Oprah effect? The Oprah Winfrey Show was a major success during its 25-year run, and if Oprah loved you, so did the world. Many companies and personal brands grew rapidly after being featured on the show.

I know you want to scale your business, but what would happen if you woke up tomorrow with 1,000, 500 or even 50 people wanting to work with you? Could your company meet the demand?

While you eventually want to scale your business to increase your income, it's essential that you don't grow too quickly. Instead, grow with intention. If you scale too fast, you can experience cash flow issues, customer service problems, and a breakdown in your systems that can tank your reputation and your business.

2.) Master Your Calendar

Time is money, so be sure that only the right events, activities, meetings, and experiences end up on your calendar. Whatever system you prefer, be sure you aren't filling your time with things that won't lead to the growth and sustainability of your business.

If you have an assistant helping to manage your calendar, be sure he or she is aware of your calendar preferences, so you're on the same page.

3.) Track Your KPIs

Your KPIs, or key performance indicators, measure the success of your business related to the target you're trying to reach. Your business can have numerous KPIs. However, like most things in business, it's better to narrow your focus to reduce overwhelm.

Instead of tracking all of your KPIs, pick a few operational and financial ones to focus on per month, quarter, or year depending on your business goals.

If you visit my Instagram page, I have a "tips" category in my story highlights. There you can find a list of the KPIs service-based and product-based business owners should keep in mind.

4.) Outsource As You Scale

Do you think Beyonce built her business empire alone?

No one is born with all of the skills needed to do everything in their business. And even if you are multi-talented, why would you want to spread yourself thin? While you might need to wear all of the hats in the beginning, as your business grows, outsourcing is non-negotiable.

If you strive to be the Jill of all trades, your business is more likely to be laid to rest in the solopreneur graveyard. There's a reason why thriving companies have teams. Even if your team is small, you should have one.

If you want to build a business that allows you to achieve your desired level of success while still having time to rest, relax, rejuvenate and revel in your life outside of work, you have to be strategic.

One of the services we offer at The Finance Femme is a Private Intensive. You can schedule a Private Intensive Session at thefinancefemme.as.me/intensive