Entrepreneurs need to balance building their business with taking care of their health and family. Many young founders work non-stop, fueled by their dreams of success. It can be challenging to trust others with your business, especially when unexpected health issues or family emergencies arise.
Planning for the unexpected is crucial. Having a clear succession plan in place and defining roles within your team ensures a smooth transition in your absence. As real estate entrepreneur Gary Keller said, work is important but family, health, friends, and integrity are fragile and need to be prioritized.
It’s inspiring to see more leaders, like Bumble’s Whitney Wolfe Hurd, taking maternity and paternity leave, showing the importance of self-care. To take care of your business while taking care of yourself, prepare ahead of time by sharing business plans with your team, be clear on roles and responsibilities, and avoid constantly checking in when you’re away.
Remember, taking care of yourself should be a priority. Whether it’s a planned break or an unexpected situation, setting yourself and your company up for success is key. It may feel strange to plan for the worst, but it’s essential for the longevity of your business.
Vocabulary List:
- Entrepreneurs /ˌɒntrəprəˈnɜːrz/ (noun): Individuals who start and run their own businesses.
- Succession /səkˈsɛʃən/ (noun): The process of inheriting a title office property etc.
- Prioritized /praɪˈɔːrɪtaɪzd/ (verb): Regarded or treated as more important than others.
- Maternity /məˈtɜrnɪti/ (noun): The state of being a mother; also refers to related leave for mothers.
- Integrity /ɪnˈtɛɡrɪti/ (noun): The quality of being honest and having strong moral principles.
- Longevity /lɒnˈdʒɛvɪti/ (noun): Long duration of life or existence.
How much do you know?
What is a challenge entrepreneurs face in balancing business and personal life?
According to Gary Keller, what needs to be prioritized along with work?
What is suggested to prepare ahead of time for taking care of the business while being away?
What did Bumble's Whitney Wolfe Hurd demonstrate the importance of?
What is essential for the longevity of a business according to the text?
To whom should entrepreneurs prioritize besides work?
Entrepreneurs should prioritize their health and family along with business.
Bumble's Whitney Wolfe Hurd did not take maternity or paternity leave.
Being clear on roles and responsibilities within a team is unnecessary for a smooth transition in case of absence.
Planning for the worst is not important for the longevity of a business.
Entrepreneurs should avoid constantly checking in with the team when they are away.
Gary Keller emphasizes that work should take precedence over family and health.
What do entrepreneurs need to balance building their business with taking care of their and ?
According to the text, having a clear plan in place ensures a smooth transition in your absence.
It is important for entrepreneurs to prepare ahead of time by sharing plans with their team.
Bumble's Whitney Wolfe Hurd emphasized the importance of taking leave.
Setting yourself and your company up for success is key for the of your business.
