Recently I was speaking at a conference, and someone came up to me afterwards and asked how she could grow her business and still be a great mother; she said she just didn’t have enough time. Great question, I get it a lot from parents. I’ve tackled this in my own life, because I want a great business but not at the expense of my family who are more important to me than any business ever could be.
So I asked her who does the cleaning, shopping, cooking, gardening etc. at her house. Her answer was like most people’s; she and her husband did it all.
I think it’s important to see the true cost of things in your life; the opportunity cost.
A paucity mentality makes us hold on to anything we can do to save a few pennies here and there, but what’s the true cost of that?
- Failure to grow your business and make real money (you don’t save your way to riches)
- Failure to spend quality time with your family
- Failure to enjoy life
Money can buy happiness, when you use it to pay people to do the things you don’t like doing. (We have just built a house with 10 acres of land, and I didn’t buy a mower! I love it; looking out over vast amounts of grass, feeling the sense of peace that living in the country offers, because I can’t do the lawns. Otherwise I’d likely look at them as my weekend sentence.)
When you are a business owner you directly influence your personal income; do a better job and you make more. I think an abundance mentality is what’s required to do the things where you add the most value, and share the wealth by paying others to do the things that allow you to thrive.
It makes all the difference.
There’s a tendency to gather information, and more information, and more information, indefinitely if a decision is important.
Your next 40 years will be determined by your next ten years.
A mantra I live by in business is, ‘tolerance is the enemy of excellence.’
Functional fixes are not solutions for existential misalignments.
If you’re buying your lunch from someone, what happens if he’s 20cms shorter than you?
It’s almost certain that what’s being agreed isn’t fully understood.
Don’t be a dick.
Five hundred years ago, Michel de Montaigne said: “My life has been filled with terrible misfortune; most of which never happened.”
In tennis, the majority of the game is spent volleying.
I own a wealth management company called MedCapital