Career Advice Corporate Tips

The Importance of Establishing Boundaries as an Entrepreneur

10/26/2021

The ability to work flexibly and remotely is cherished in today’s society, and entrepreneurs are some of the lucky few who get to take advantage of these conditions. Being your own boss has a lot of perks but it also comes with its drawbacks — when your work-life balance isn’t equal and your priorities aren’t set straight, you may risk falling into a trap.

Even if you perform most of your work from home, there are ways to take advantage of the flexibility of your job while prioritizing your mental health, family, and personal goals. It all comes down to avoiding hustle culture, creating boundaries between your work and home life, and ensuring your mental health doesn’t get left on the back burner.

Establishing Mental Boundaries: Adjust Your Mindset

One of the most trying aspects of running your own business is holding yourself responsible for any criticism, errors, or mishaps that may occur within your company. To keep your sanity as an entrepreneur, remember to take all criticism with a grain of salt.

Oftentimes, your mistakes will show you where you need to improve, allowing you to take preventive measures and, above all, learn from your mistakes. When you see criticism as an opportunity to improve rather than a failure, you might notice that your mindset around business changes entirely. It all starts with establishing boundaries between yourself and your business.

Finding the silver lining where others might collapse in defeat —  that’s what makes you the resilient entrepreneur you are and why adjusting your mindset in the face of setbacks is crucial to your long-term business, financial, and personal success.

Build Strong Interpersonal Boundaries

Maintaining a strong healthy work-life balance is a challenge for many entrepreneurs. As a result, many fall into the trap of the so-called “hustle culture,” a movement that encourages young workers to essentially work until they drop in the name of dedication and perseverance.

Needless to say, this mindset results in burnout for thousands of young bright minds, in fields as diverse as business, the arts, and medicine. Burnout is a very real diagnosis, one that is easier to manage when a healthy work-life balance is in place. In 2022, when the International Classification of Diseases is updated by the World Health Organization, burnout will be officially diagnosable by physicians. However, burnout isn’t a medical condition. It’s a stress response that can manifest itself through insomnia, weight fluctuations, and a variety of mental health conditions.

Unfortunately, a burnout diagnosis is limited in what it can and can’t do, and no diagnosis will alter society’s preconceptions about labor boundaries and employee well-being. As an entrepreneur, you have the power to change working conditions for yourself and your employees, which will result in enhanced overall well-being and greater business returns.

Among the top three tools for success that professionals use every day are empathy, networking, and communication. It’ll be easier for you to hone these soft skills once you’ve already established a firm line between your work life and your personal life.

For instance, one way to develop empathy at work is to give your full, undivided attention when listening to a colleague. If your mind is elsewhere, perhaps wondering what’s for dinner or side-eyeing your telephone from across the room, you’ll be unable to build solid trust, understanding, and communication within your team. Setting boundaries within your business will allow you to build success bit by bit.

Prioritize the Things that Make you Happy

Part of the beauty of your profession as an entrepreneur is that you have greater flexibility to pursue your hobbies, interests, and business goals. If you don’t allow yourself to indulge in life’s simple pleasures every once in a while, you may end up bitter and exhausted.

Some business owners are worried about leaving their operations for an extended period, while others worry they’ll lose business momentum while they’re away from the helm. One of the top 10 clues to unlocking entrepreneurial success is that at some point, you’ll need to let go of having total control. Once you’re able to delegate, build long-term momentum, and learn from your mistakes, you’ll realize that letting go can have more benefits than drawbacks.

Studies have shown time and time again that vacations increase employee productivity, rather than decrease it. A reduced stress level will also leave you happier and more creative, ready to solve the challenges that come with owning your own business.

Conclusion

Being an entrepreneur doesn’t mean you have to work 24/7. Little things can make a big difference, whether that’s blocking off an hour each night for a family dinner or learning to say no to projects that don’t advance your career. In the end, you’ll find yourself surrounded by healthy, happy employees, clients who share your values and goals, and a thriving business to boot.

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