Whether you’re currently running your own business or are still dreaming up your business plans, one aspect of business ownership that gets overlooked is mastering the business-owner mindset. In this article, I’ll break down the importance of honing the mindset of a business owner and share strategies on how to prepare for the demands and responsibilities of business ownership.
What Is a Business-Owner Mindset?
When you think about what a business-owner mindset is, you’re probably thinking about how to stay on top of your day-to-day operations, keeping all your records for taxes straight, and how to make a strong profit. What you might be missing is ensuring that you have the mental capacity to take on such a feat! Essentially, a business-owner mindset is a state of being that allows you to focus on the most important aspects of running your business, operate through intentional habits, and find peaceful balance between your business and your personal life.
Free Up Your Mental Space!
Reduce Decision Fatigue: Every day, multiple times a day, you have to make decisions—that’s just life! However, there are certain areas that you can limit the amount of brain power needed to make those decisions. This comes from habit formations.
Automate Your Processes: From client billing to onboarding new employees, setting up an automation system for certain areas of your business can greatly reduce the mental load on yourself. Automations ensure that touchpoints are completed with prospects and clients to keep them engaged, employee onboarding can be done seamlessly so they arrive prepared for their first day, invoices can be delivered in a timely manner, and so much more!
Manage Your Time: Time management is critical as a business owner. Your to-do list might feel overwhelming and impossible to complete. Or you may have tasks that you feel you can never quite get crossed off your list. Time blocking your calendar, prioritizing tasks, and breaking down tasks into steps can help reduce stress surrounding your to-do list and give you clarity on what your most important items to get done are.
Find Your Balance: Yes, business ownership is a demanding position to be in. However, your business will not be able to run the way you want it to if you don’t give yourself time to step away and give yourself time to breathe. If you feel like you’re not able to step away from the office without worrying about your business falling off track, read more to learn how to book a call with me to strategize!
Move Your Body: Studies have shown that physical exercise can help improve your memory and cognitive function—along with a plethora of other benefits! Ever notice yourself pacing around a room while you’re talking on the phone? Moving your body daily (or weekly) can help keep your mind free of clutter and give you time to mentally process big ideas. Carve out 10-15 minutes during your work day to take a quick walk to clear up some mental space and bring into focus what needs to get done.
Owning the “I Don’t Know”
When it’s your first time running your own business, you will be faced with things you probably have never done before. Whether it’s registering with the Department of State, filing your business taxes, or drafting your mission statement, there’s nothing wrong with saying “I don’t know how to do this!” In fact, if you’re reading this, you can sigh a breath of relief because—spoiler alert—I do! Using your resources and asking for professional assistance with your business will save you tons of time, money, and stress knowing that an experienced professional can help you.
How I Can Help
As a business owner myself, I understand the importance of maintaining a sound mind and the complexity of balancing being a business owner, an individual in my community, and a mother and wife. If you’re feeling overwhelmed at the thought of starting your own business or are looking for guidance on how to be a stronger leader for your team, click here to book a call with me and learn more.