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7 Tips for Growing Company Leaders
Striking the perfect work-life balance is a challenge for business owners, especially when their company is on the rise. We've gathered seven actionable tips from owners and founders, ranging from setting clear “no work” times to learning the art of delegation for personal fulfillment. Explore these insights to master the balancing act between personal well-being and entrepreneurial success.
Set Clear “No Work” Times
Schedule Personal Time Like Business Meetings
Empower Team Through Delegation
Establish Firm Work Hour Boundaries
Choose a Business That Excites You
Accept Imperfect Balance in Early Stages
Delegate for Work and Personal Fulfillment
Setting clear boundaries is essential for maintaining a work-life balance while managing a growing company. Designating specific “no work” times in my schedule has been crucial. For instance, every evening from 6 PM to 8 PM is dedicated to family and personal activities, with no exceptions. This approach helps me recharge and improves my focus when I return to work.
One evening, I even turned my phone off, much to my team's dismay, to fully enjoy a family game night—it was surprisingly liberating! Prioritizing personal time helps avoid burnout and stay motivated, ultimately benefiting both you and your business.
Mike Fallat, Owner, DreamStarters Publishing
As a business owner of a growing company, one of the biggest challenges is achieving a healthy work-life balance. My advice is to schedule personal time the same way you would a business meeting. Just as you block out time for important client calls or strategy sessions, designate specific slots in your calendar for personal activities, family time, hobbies, or simply relaxation.
When those time slots arrive, treat them with the same level of commitment as you would a professional obligation. By proactively scheduling personal time, you're not only prioritizing your well-being but also setting boundaries that can help prevent burnout and maintain your overall productivity.
Brandon Leibowitz, Owner, SEO Optimizers
Delegate, don't drown! Running a growing company can eat up your life. My secret weapon? Delegation. Find talented people you trust, delegate tasks, and give them the freedom to own their work. This frees up your time for strategic decisions and growth initiatives. Delegation isn't about dumping work; it's about empowering your team and maximizing everyone's strengths. It allows you to focus on the big picture and make a high-level impact on the company's success.
By mastering delegation, you can reclaim your time, reduce stress, and create a more sustainable work-life balance while steering your company toward continued growth.
Beth Worthy, Cofounder and President, GMR Transcription Services, Inc.
My tip for maintaining work-life balance while managing a growing company is to set clear boundaries around your work hours. Treat them like important appointments and try to stick to them. For instance, when your workday ends, turn off email notifications and resist the urge to check in on tasks. This way, you can truly enjoy your personal time, whether it's hanging out with family, diving into a hobby, or just unwinding.
Ryan Farook, Owner, Ryans Mobile Car Detailing
Work-life balance starts with choosing a business idea that excites you. You won't necessarily be interested in every aspect of your business, and that's okay—you can outsource what you don't like. But if nothing about your business excites you, you should choose something else. Here's why: growing a business involves a lot of time and effort. But if you're doing something you're interested in, it won't feel like work. And that will significantly increase the likelihood that you'll succeed.
Ryan Chaw, Founder and Real Estate Investor, Newbie Real Estate Investing
I think the real answer to this question is that you cannot realistically achieve a work-life balance during the initial phase of running and growing a new company.
During the early growth stage, there are simply not enough hours in the day, so something suffers—you just need to do your best and figure out the best way to spend the finite, precious resource called “your time.” You will not actually achieve “balance,” but it is still a worthwhile pursuit, and you will at least be more balanced for trying.
As you get to a later stage in your business, you may be able to have enough high-level people that you trust, and then you can delegate more. Once you have time, a great way to make sure you exercise is to schedule it into your day—make it like any other appointment so that you are not giving yourself a choice. You’ll just do it. And remind yourself every day that your kids are only young once (and it flies by). You need to be present and find time to balance everything the best you can, but it will never EVER be perfect.
Dr. Todd Minars, Owner & Dermatologist, Minars Dermatology
One specific tip for business owners, drawing from my role at Winder Law Firm and as a father of twins with another set on the way, is to delegate effectively. Just as I trust my team to handle aspects of our cases at the firm, delegating responsibilities in your business can be crucial. It allows you to focus on strategic decisions and personal priorities without feeling overwhelmed.
By empowering capable team members, you not only lighten your workload but also foster a more collaborative and supportive work environment. This balance helps maintain productivity and ensures you have the time and energy for both professional growth and personal fulfillment.
Aaron Winder, Esq., Founder & Personal Injury Attorney, Winder Law Firm