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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...

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30 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
10

6 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

Cambodia's Famous Battambang Circus
KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan Raky ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

6 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

Collingwood Magpies Training Session
KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was broken int ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
8

6 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

Federal Aviation Administration Bans All US Flights To Israel
KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rejected by the Dewan ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

6 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister, Datuk Seri Hishammud ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

6 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

INDIA-CHINA-DIPLOMACY-TRADE
PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

6 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

Government Weekly Cabinet Meeting
KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2.78 million in compensat ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

6 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry Minister Datuk Seri Mustapa Mohamed ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

6 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

Iskandar Johor Open - Previews
JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an allocat ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

6 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

EurAsia Cup presented by DRB-HICOM - Day One
PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramada ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

7 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kinrara Damansara Skyway (K ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

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