How To Run A Successful Start-Up Without Sacrificing Your Soul
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This is our first post in our series Tell Us Your Story – by Christine Livingston from A Different Kind Of Work. Christine is a coach and writer, who helps professional people wanting to work and live on their own terms.
Over to you Christine:
Living life more on your terms is a key inspiration for starting your own business.
Your techie product idea; your professional moms networking concept; your Le Marche retreat centre; your organic café dream; your online marketing ambition – whatever the picture, your soul is right there in the hot seat, driving you to achieve more fully what you want.
But too often fledgling entrepreneurs get so lost in the whole start-up game that they rob themselves of the very experiences they imagined they’d set out to create.
Here, instead, is how to stay alive and thrive through the process.
Protect your dreams
Creative ideas are one thing. Manifesting them quite another. Dreams often die on the vine because they aren’t given the right kind of support and attention.
At a basic level this means having a rock solid financial plan in place. Make provision for key expenditure: your salary for the next two years; other staffing costs; research and development investment; start-up loan repayments; accountancy and legal fees. These kind of things all need to be in there and thought through, at the same time as you consider your go-to-market strategy and pricing approach.
Realistic timescales, milestones, and key performance indicators are part of this picture too.
They may feel right now to be unnecessary admin and bureaucracy, but these practical things will save you many sleepless nights and encourage both your confidence and productivity down the track.
Think whole life
So you’re getting your business plans polished and you’re feeling great about how they’re coming along. But don’t forget to give the same dedicated time and focus to the other things you want from life.
What else needs to be zinging for you, in order that your soul feels alive?
The family whose support you no longer wish just to take for granted? The fitness goals you want to achieve beyond the end of January? The special relationship whose joy you want to cherish?
What does “good” look like for each of them?
And how, in your great new entrepreneurial world, are you going to go about making sure you achieve it?
Figure what’s fundamental
In our western world, work tends to dominate as the thing around which life is organised.
Is that the mindset you’re going to take as you approach your start-up?
You may choose, of course, to see things that way. But what if, as an entrepreneur, you decided to see something else as the foundation stone upon which to build the rest of your life, including work?
What would that something else be?
Your partner? Your children? Your spiritual practice? Your health and wellbeing?
It’s important that you realize you have choice in this, and that you’ve made this choice at a heart-felt level, if your soul is to feel alive and free in your start-up venture.
Negotiate your boundaries
The last three things together give you a big, whole life, picture not just of where you’re heading but also of what’s important.
Now it’s time to weave this clarity into your life day-by-day, decision-by-decision, action-by-action.
To what will you say yes? And to what will you say no? What will you push and what will you drop? What will you try to control and what will you concede? Which battles will you choose to win? Which battles do you need to lose?
What needs to be done today? What can wait till tomorrow?
Trust that your soul knows the answer to these questions and put it in the driving seat. Value yourself and stay firm, even when you want to bow under to external pressure.
And, while negotiating these boundaries, consider also the following two mindset principles:
Think good enough
Often the creative force that leads you into running your own show in the first place, gets distorted into needing everything to be just right.
The problem with this is that perfection in one thing leads to failure in another.
Waiting for your product to be perfect means you can fail at getting it out there when the market is ripe.
Achieving the perfect business can mean that your relationship falls flat on its face.
You need to think about the trade offs between one thing and another, and keep moving if you want to keep feeling good about what you’re doing.
Delegate
Entrepreneurs are often guilty of thinking that they’re indispensable and that they must do everything themselves.
Instead, there are rafts of specialists out there waiting and willing to provide expertise for your business in all kind of areas. It may seem like a lot of money, and it may appear to be a waste of time to have to brief others. But when you consider the opportunity cost of your designing your own website, or doing your own financial accounts, you’ll see that hiring an expert is money well spent.
And frees your soul for the stuff it loves to do.
Running a successful start up without giving your soul away is all about owning the choices you have, understanding and sitting in your own power, seeing work in the context of your whole life, and paying attention to the right things for you. It’s a challenging path, for sure, and one that many people abdicate.
But don’t cop out. Lead the way. Be one of the incredible few that gives their soul a chance at coming alive in the process of having their own fabulous business.
What speaks to you in all of this? What things can you change immediately to give yourself a more fulfilling start-up experience?
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My name is Matthew Needham and I'm a full time interim manager and consultant. I work with businesses large and small to help them grow their businesses, save money or improve their business processes.
I'm an entrepreneur, accountant and blogger. You can read more about me, or The Big Red Tomato Company on the
Hi Matthew & Christine
This is a very comprehensive explanation of how to run a successful startup.
I went on a small business management course when I was planning to set up my home business, which was so valuable. It is sponsored by our govt and the business consultants who took the course were all successful business people.
Speaking from experience rather than just theory was a big plus for all of the students. We now have a mentor for a year who watches our progress and is available for consultation as and when needed.
My business is only a few months old and yes it is long hours, hard work and I am loving it. There have been hiccups along the way but I have a passion for my chosen niche, know I need to persevere and have patience as I watch my dream unfold.
Would have been great to have more finances in my account; but circumstances didn’t allow for that. Makes me think twice before I buy a product or a service as I get my business set up and moving forward.
As soon as finances allow; I will outsource techie stuff as that is one area that is a bit of a mystery to me. Love writing posts and networking so would like to continue doing those things myself for the moment.
Will be joining a business support group in January. The mentor for this group is a successful biz owner and marketer, so I know I will benefit from this. Lots of different talents and expertise within the group and it is FREE to join this month, so that is definitely an added bonus with my limited finances
Thanks for sharing such insighful information Christine. Much appreciated.
Patricia Perth Australia
Patricia@lavenderuses´s last [type] ..Are You a Tweetheart-Commenter…or both!
Matthew Needham Reply:
December 19th, 2010 at 10:03 pm
Hi Patricia, thanks for commenting. I think a business support group is an excellent idea and will really help you take your business forward. One of the things I would suggest is to form your own http://bigredtomatocompany.co.uk/business-advice/why-you-need-a-mastermind-group/ with people familiar with the issues you’re facing, which will really accelerate your performance.
Keep up the good work Patricia, I’m sure you’ll achieve your business success in 2011.
Christine Livingston Reply:
December 20th, 2010 at 2:29 pm
Great comment, Patricia!
I can only endorse Matthew’s mastermind group idea. I’ve belonged to one around my blog development this year, and it has been really valuable.
Hope your business goes from strength to strength.