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6 Reasons Why Working More Isn’t Optimal for Your Business

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To be successful in the new age of small business, you need to think about things in new ways, you need to do things in new ways, as well as say goodbye to habits and dogmas that no longer serve you.

One of the biggest concepts that needs to change is how you view work. No longer are you confined by corporate policies or expectations around the hours you work.  Most business owners are paid for the end product, the services they provide, their expertise and their knowledge.

In order to continue to innovate and evolve in business, you need to understand why working more does not work for small business. Read the 5 reasons below:

1. It is not about working more or harder, it is about working smarter

The great American work ethic is defined by ‘hard work’, and in true American fashion, if a little is good, then more must be better! That’s not so in business.

Dedication, determination and consistency are important to being successful in small business – but working smarter means you get to your goals quicker with more resources, energy and brainpower to take things to the next level.

One of the biggest reasons businesses fail is because they physically reach a point where the business owner and their staff just can not work more. There are no more hours to work because the resource of time has been exhausted.

Working smarter is a key habit that creates scalability in your small business, which benefits your employees, your clients and your family. Scalability is the gateway to building a legacy that contributes and impacts everyone who touches your business. Scalability brings profits and freedom.

2. It is not about doing the work, it is about ensuring the work gets done

Most business owners start their business because they find that they were really good at their corporate careers, but want the freedom that entrepreneurship can bring.

You are used to doing the work, so it is really hard to let it go. It’s not surprising that you may find value in doing a ‘good job’ or by doing the work that ‘no one can do like me’. This is a trap that will forever limit your ability to grow and scale. Gone are the days where you can be successful in a silo.

While you are working on building the stability of predictable cash and clients in the business, you most likely will be doing the work of servicing those clients, while still carrying out the responsibilities of being the owner. This is what you do in this stage of business growth. When you reach cash stability, it is time to define how the work gets done so that you can work ‘on’ the business, not just ‘in’ the business.

In order to scale richly in your business, you’ll need to transition out of the ‘worker’ role in order to transition into the ‘manager’ role, and eventually transition into the true role as an entrepreneur leading an organization into profits.

“Focus on being productive instead of busy.” – Tim Ferriss

3. Busyness does not make a good business

You can get a little lost in business to the point where you aren’t sure what to do next. Or sometimes, you know what to do – you just don’t want to. So you avoid it by getting caught up in the busyness of the business. Busyness is energy and time wasted on unimportant and non-urgent tasks that do not move the needle in your business.

As an employee, you are often rewarded when you ‘look busy’ – so you get really good at it. The average productivity of a working day is a mere 3 hours. What you are doing with the rest of your time matters. Your time is precious, spend it on revenue or result-oriented action. Scaling your business is knowing the difference between what there is to do and what needs to be done.

4. Hustle and Grind leads to Broke & Tired

“Hustle and Grind” makes for a great motivational poster and shareable quote, but hustling without clear goals and results, often leads to burnout. Women business owners have a special gift to take ‘Hustle and Grind’ to a whole other level, and not in a good way. When you spend every single moment working, you often lose your health, your joy and get lost in a circular loop that leads nowhere.

There’s also this ‘unspoken’ belief that you have to earn your way and pay your dues which drives many owners to ‘Hustle and Grind’. That creates a negative space that does not create success. ‘Inspired Action’ and the KISS method tend to produce more gains than ‘Hustle and Grind’. When in doubt, see #1.

Scaling your small business successfully means that there are time periods of intensity, launching and pushing – but they are periods. They are not meant to be the status quo. You are not a machine, you are a human.

“Balance isn’t something you achieve “someday.” – Nick Vujicic

5. All work and no play makes Jane a cranky girl

The most unhappy small business owners are the ones working the hardest. Their faces say it all – bags under their eyes, dull skin and cranky attitudes. Overworking and not enjoying life leads to resentment. The saying that, “Entrepreneurs give up working 40 hour jobs, so they can work 80 hours in their business”, is an unfortunate story for many business owners.

If you really want the freedom that can come along with owning your business, you need to live it from day one. You need to design your business to deliver that freedom. Waiting for ‘someday’ winds up becoming ‘never’ for many entrepreneurs because they can’t break the habit.

Positivity in a business owner is contagious. People want to be around it in whatever way they can. When you lead a more balanced life, you encourage others to do so as well. Think of it as an attractive form of marketing.

6. Even Formula 1 racers take pit stops

Learn to value the “in-between.” Ever wonder why you have your best ideas in the shower, or in the middle of the night? Chances are, that’s because you are not working. The biggest value you can have in the success of your small business is to solve problems. It is the inspired ideas, the simple solutions that come to you in these moments that drive you forward.

This also speaks to the fact that to be successful in business you need to take care of your physical and spiritual health, so when you do reach your finish line, there is enough of you left over to enjoy the success. Just like the racers, learn to take pit stops. Sometimes, in order to speed up, you need to slow down.

The more successful you are in your business, the more demands you have on your time. The greatest asset in your business becomes you. You need moments of rest, recovery and ‘in-between’ to allow your greatness to flourish.

You do not earn a gold star for ‘working more’ in business, yet so many business owners let busyness become their distraction of choice and wonder why they are not able to grow and scale their businesses.

The best businesses are often simple. The most successful businesses are singularly focused. The wealthiest people say no the most. These are the skills you need to be able to scale your business richly.

What is one thing you learned from this article? Share your thoughts below!

Leslie Hassler is a dynamic author, speaker, and business strategist guiding women owned, service-based businesses into more profits, cash flow, and success. Business owners come to Leslie tired, frustrated, and overwhelmed from constantly putting out fires instead of thinking strategically to scale. Using her more than 12 years of experience in business, finance, mindset, and more, Leslie takes multiple 6 and 7 figure businesses from cash-strapped and struggling to profitable and thriving with her unique Scaling Rich Method. Her genius has also been featured on stages around the United States such as the National Association of Women Business Owners, the Women’s Business Enterprise National Council, and more. If you are interested in exploring the next steps you need to take to grow your service based business to the next level, check out Leslie’s quiz here to get on the path so you can finally Scale Rich.

Success Advice

10 Tips to Deal With Negativity While Starting a Business

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There are ups and downs in business but fearing failures can stop you from taking your first step towards excellence. With pandemic on tow, aspiring entrepreneurs feel a little stuck when ideating a business prospect. Here, we give you some actionable tips to deal with negativity while starting a business, even during situations like a pandemic. We also took the liberty to throw in some amazing book recommendations that’ll help you enjoy the process of being positive and achieving your business goals.

10 Tips to deal with negativity while starting a business in a pandemic

1. Get a mentor

The first thing to do as a new business owner is to find the right kind of mentor. That person could be someone in your industry or in general who you look up to. The guidance must be apt for your business, and it should be a mutual responsibility of sharing knowledge. 

2. Two big R’s – Routine and Refresh

Made a mess of something? Try to reboot the situation and make it work. Take a break once in a while and refresh yourself if you feel stuck or your ideas feel mundane. Plan a routine and stick to them – both personal and professional. Having a routine can increase productivity and engage in more activities apart from your pre-planned schedule. 

3. Inculcate problem-solving mentality

Do not panic once you are thrown a problem. Arrange a meeting with the respective party, listen to both sides of the stories, and make a decision that is more realistic and feasible. 

4. Hire half and half

Whenever you hire someone for your business. Make sure that half of the people contradict your ideas, and the other half have the same mindset as yours. The people who contradict can bring in more valuable points and their perspective might take the discussion to a whole new level.  Don’t take too much time finding the perfect one. Hire an apt person who can have the right attitude. 

5. Network, Network, and Network

Find like-minded people and mingle with them. Be more sportive in the learning process. Listen more and talk less – if you are a beginner. You can only be a constructive person who gives input to someone if you have listened to everyone’s point of view. If you feel down, your network might have something to uplift your mood and change your perspective on something. 

“Negativity, in general, is one of the things that holds people back, and you have to see what’s holding you back to get away from it.” – Lucy Dacus

6. Tech-savvy personnel

Learn a thing or two about the latest technology that you implement in your organization. Since the world revolves around technology, make sure your administrative authority knows as well.  

7. Don’t schedule a meeting, that could have been an email

Yes! I said it. Having unnecessary meetings will weaken the purpose of having a constructive discussion. Having back-to-back meetings drains the team members and yourself too. Always have a 10 to 15 minutes break between each meeting to feel refreshed and give your 100%. 

8. Have a pros and cons list

Always, I mean always have a pros and cons list. Let’s say one of your team members pitch an idea to improve the marketing strategies starting next month. Jot down the pros and cons before approving or rejecting it point-blank. It’s a systematic way of making a decision. 

9. Track your finances

Even if you have a team of accountants and auditors, make sure that you are present (both mentally and physically) – learn if you are not aware of it. Trusting your employees is a must, but not overseeing the records is a mistake that should be avoided. 

10. Remember your “why?”

At some point in your hectic schedule or not having ME time can get to you. During those tough times – ask yourself – “Why am I doing this?”. If you can answer this question with a valid explanation, you’ll feel energized. Because “A purpose drives you”. 

5 Best books to read to be more positive as an entrepreneur

Reading always puts me into perspective. Therefore, I took some liberty to give a sample of positivity and determination through words. 

These are the 5 books that’ll guide you to be a more positive and successful entrepreneur. 

  1. Attitude is everything by Jeff Keller – The decisions you make, the routine you set for yourself, and the affirmations you say to yourself every day are going to make a huge difference. If you feel tired, hopeless, and quitting – then this book is for you to boost you up!
  2. Mindset: The new psychology of success by Carol Dweck – You do what you think. In this book, the author talks about two mindsets: The growth mindset and the fixed mindset and what they’ll do to you respectively. She helps you recognize your mindset and change it for the better. 
  3. Innovator’s Dilemma by Clayton Christensen – This book is about technology uprisings all over the world and businesses that adopted and implemented technology in their firm. The author teaches you that just because your competitors and others are adopting something into their businesses doesn’t mean that you have to as well. Make an informed decision. 
  4. As A Man Thinketh by James Allen – This book specifically is about the power of thought and how it shapes your life into a more meaningful and fulfilling one.
  5. The Power of Now by Eckhart Tolle – The author talks about how people always keep thinking about what the future holds but then forget to live and enjoy the present. And also helps us understand how to make decisions more efficiently based on the present. 

Working towards inner balance requires consistency and perseverance. So does hard and smart work. Being negative is a part of our lives. It’s important to channel it appropriately and make things happen despite the roller coaster ride that is our lives. Hope you overcome your fears and negativity to shine bigger and brighter. Cheers! 

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Defining Your Own Success: A Step by Step Guide

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Everyone wants success in their lives, but success can be defined in so many different ways that it can sometimes seem daunting. In this blog post, you will learn how to make success easier for yourself by defining what success means to you. (more…)

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5 Characteristics of Athletes You Need for Business Success

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Michigan State basketball coach, Tom Izzo, wrote “Players play. Tough players win.” I would add to that, “It’s tough to win.”I think if you, as a leader, are looking to build an organization that is successful – that wins – you first have to accept that it will be tough. There are no shortcuts to success. In my 44 years of coaching, I was fortunate to coach a lot of tough players. I believe the toughness I have seen in athletes corresponds well to any organization or business. (more…)

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Success Advice

5 Changes in Your Habits That Will Help You Thrive

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We’ve all found ourselves at the bottom at least once in our lives. We thought that everything’s ruined and there’s no going back. The truth is – there’s always going back. Moreover, it takes one to fall many times and feel like everything’s ruined to succeed in life. (more…)

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