360° Coverage : Sharpening The Saw - End Of Year Reflections And Reinvigoration...

2 Updates
Sharpening The Saw - End Of Year Reflections And Reinvigoration For The Entrepreneur
Photo Credit: Forbes Business

Sharpening The Saw - End Of Year Reflections And Reinvigoration For The Entrepreneur

Dec 23 2013, 4:48pm CST | by

Most anyone that has been in business for more than a couple years is familiar with Stephen Covey’s “Seven Habits Of Highly Effective People” and specifically the habit called...

Filed under: news

 
 
 

42 weeks ago

Sharpening The Saw - End Of Year Reflections And Reinvigoration For The Entrepreneur

Dec 23 2013, 4:48pm CST | by

Most anyone that has been in business for more than a couple years is familiar with Stephen Covey’s “Seven Habits Of Highly Effective People” and specifically the habit called “Sharpening the Saw”.  This basically refers to taking care of oneself on a regular basis to be able to be more effective in your relations with others and in your business.

For the entrepreneur, this is probably one of the most important and highly neglected habits.  Entrepreneurs are notorious for working themselves into exhaustion on a regular basis, blurring the lines between work and home to the point where they are working seven days a week, 10-16 hours a day.  There are times, no doubt, when this level of effort is required to get an entrepreneurial venture off the ground or to keep it going during tough times.  Much of the time though, this level of work just becomes a bad habit (not one of the “Seven Habits”) that can have negative consequences on the entrepreneur’s health and relationships.

I went in for a haircut the other day and my stylist Diana (my hair is short enough that there’s not much styling done, but it doesn’t feel right to call her a barber) was clearly in a funk.  She and her friend are starting their own salon, and after a few questions it was clear that she was feeling completely overwhelmed by the amount of work that was required to get her business up and running.  She asked me for advice, and my answer was simple:  Owning your own business is like this sometimes, but not all the time.  The work ends up worth it in the long run.  And take care of yourself.  This seemed to help, although I think that having an understanding and listening ear was as big a part as anything that I had to say.  I’ve discussed this in previous blogs about what entrepreneurs should do to cultivate mentors.

When it comes to taking time for oneself, I’m as guilty, or guiltier than most entrepreneurs.  Although I do keep a regular exercise schedule, that’s the first thing to drop off during busy times and it take a while to get back into a routine.  Travel wreaks havoc on my exercise schedule, since even though I usually stay in hotels with a gym, the jet lag, busy schedules, and change in routine, along with the work that piles up and requires catch up when I return, usually mean that I fall out of my exercise routine for 2-3 weeks.

Happily, however, I’m writing this blog from a poolside beach chair in Hawaii, where I’m spending my Christmas with my family.  This year was busier than most for me between work and personal issues and I was not able to take a vacation all year.  I decided a few months ago (when my stress level was at a peak) that I was going to schedule a vacation, however and use all those hotel and airline miles that I’ve been accumulating for some “me” time.  I didn’t realize until I got here and had a chance to relax, workout hard for a few days, and enjoy a massage how much tension I had been carrying over the last year.  The stress was probably unsustainable at those levels, and likely would have resulted in emerging health issues, relationship issues, or inefficiency at work if I had just “sucked it up” and continued at the pace I was working at.

For entrepreneurs more than most others, the need to release stress is huge.  The workload as you build and maintain your business is never ending.  Even when you have a solid management team in place, as I do, as long as you are running the show the weight of the world will always be on your shoulder’s over anyone else’s.  Take some time in 2014 to “Sharpen your Saw”, take care of yourself, get some “me” time, and whatever else you need to do in order to be at your best.  Your family, friends, and employees will all thank you for it, trust me.

Source: Forbes Business

 
Update
2

7 weeks ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

7 weeks ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the doub ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Turkey on high alert against Ebola at border crossing
Ankara, Oct 19 (IANS) Turkey has taken necessary measures against the deadly Ebola virus at Kapikule crossing of its border with Bulgaria, a high-ranking Turkish official said Sunday.
 
 
China, France to join hands to combat Ebola
Beijing, Oct 19 (IANS) China and France Sunday agreed to join hands to combat the "unprecedented" spread of Ebola in western Africa.
 
 
Ebola-infected Spanish nurse continues 'favourable progress'
Madrid, Oct 19 (IANS) Teresa Romero, the 44-year-old Spanish nursing auxiliary who was the first person to be infected by the Ebola virus in Spain, continues to show favourable progress three weeks after first developing symptoms of the illness and a fortnight after being admitted into the Carlos III Hospital in Madrid.
 
 
Japanese firm eyes algae-based shampoo
Tokyo, Oct 19 (IANS) Japanese household goods maker Kao Corp. may soon be using algae to produce cleansing agents for its products, specifically shampoo, media reported Sunday.
 
 
 

Latest from the Network

Bush shoe-tossing painting hits record at Doha auction
Doha, Oct 15 (IANS/EFE) A controversial painting by Iranian artist Mahmud Obaidi, depicting an Iraqi journalist throwing shoe in 2008 at then US president George W. Bush, was sold for $62,500 at a Sotheby's auction in...
Read more on Celebrity Balla
 
US offers $45 mn bounty for eight terror leaders
Washington, Oct 15 (IANS) The US said Tuesday it is offering rewards totalling up to 45 million dollars for information on eight key leaders of the Al Qaeda in the Arabian Peninsula (AQAP) terrorist organisation. The...
Read more on Politics Balla
 
UNSC extends peacekeeping mission's term in Abyei
United Nations, Oct 15 (IANS) The UN Security Council (UNSC) has renewed the mandate of the UN peacekeeping mission in the Abyei border region between Sudan and South Sudan. In an unanimously adopted resolution, the...
Read more on Politics Balla
 
Ebola cases in West Africa could reach 10,000 per week: WHO
Geneva, Oct 15 (IANS) The World Health Organisation (WHO) has warned that the Ebola epidemic in West Africa could reach 5,000 to 10,000 cases per week by the first week of December. "Quite frankly, ladies and...
Read more on Business Balla
 
Turkey, Singapore sign strategic partnership agreement
Ankara, Oct 15 (IANS) Turkey and Singapore have signed a strategic partnership agreement to boost economic, political and cultural cooperation, as well as security collaboration, during the official visit of...
Read more on Politics Balla
 
Christina Aguilera is returning to 'The Voice' USA
Christina Aguilera will return to 'The Voice' USA next year. The 'Your Body' hitmaker, who previously shared a rotating spot on the judging panel with Shakira, has been replaced by Gwen Stefani this season as she is...
Read more on Celebrity Balla
 
Kesha's music producer hits back
Kesha is being countersued by her record company boss, Dr. Luke. The 41-year-old music producer, who runs Kemosabe Records, claims the 27-year-old 'Tik Tok' singer is a liar and is trying to extort him after she accused...
Read more on Celebrity Balla
 
Jason Derulo won't get back together with Jordin Sparks
Jason Derulo insists his split from Jordin Sparks is permanent. The 'Talk Dirty' hitmaker, who recently ended his relationship with the 'No Air' singer after three years of dating, has ruled out getting back together...
Read more on Celebrity Balla
 
Josh Groban feels 'very lucky' to be dating Kat Dennings
Josh Groban feels ''very lucky'' to be dating Kat Dennings. The 'Brave' hitmaker was very nervous before singing in front of the '2 Broke Girls' actress for the first time at the Carousel of Hope Ball in Beverly Hills,...
Read more on Celebrity Balla
 
Australian Richard Flanagan wins 2014 Man Booker prize
London, Oct 15 (IANS) The first Man Booker prize to allow American nominees was Tuesday night won by an Australian, with Richard Flanagan triumphing for a novel of love and war that tells the harrowing stories of...
Read more on Celebrity Balla