#1 entrepreneurial myth
Posted by PointA_PointB on June 5, 2010
I think it is a general misconception that people think when you start your own business, you will have more time and fewer work/life balance issues. Actually, the opposite is true. Your new business will take on a life of its own and will be an integral part of your life. I have watched several people who started their own businesses spend significantly MORE time working than they ever did in corporate and forget to make any separation between their business and their personal life. That said, I think often what people mean (and really want) is FLEXIBILITY. That can be easily achievable. If it is important for you to be able to set your own schedule so that you can get to your dance classes or your kid’s soccer game or school play, scheduling your business appointments around these times is possible and may be what the you, the entrepreneur, actually want.
When you are working at something you love, it becomes less like “work” and more like “play” – so even if you are putting in long hours (and you may have to depending on what type of business you start) it may feel rewarding and fulfilling so you may not mind spending the time on your business. However, I highly recommend that you schedule in downtime and time you are disconnected from your laptop, BlackBerry, iPhone, etc. as well. Be sure to schedule time for friends and family when you are disconnected. Work/life balance issues are even harder to manage when you own your own business, especially if you work out of your home.