Are you addicted to your business?
Vanessa (Ness) Medling GAICD
?? Business & Leadership Coach ?? Helping business owners and their leadership teams achieve smart business growth and peak performance ?? GAICD – Board Member ??Good finance, structure, risk management, & governance
You dream of having a smoothly running business, a high-performing team, and the freedom to step back without the constant need for you to be in the business.?
After all, it’s why you went into business in the first place.
But what about when you achieve this ideal scenario??
Have you stopped to consider the often-overlooked downside?
When your business no longer hinges on your every move, you may find yourself grappling with a surprising challenge: the lack of significance and validation that comes from being the go-to problem solver.
Because you’ve built your business from the ground up, it's really hard to let go.?
The need to swoop in and save the day, to validate your importance through solving daily issues, can become addictive.?
Even when your team is performing well, it’s tempting to fall into the thought pattern of "I would’ve done it this way," despite the fact your team is achieving the same results.?
This urge can make it difficult for you to step back and fully trust your team.
But the idea of having nothing to do can be simply daunting.?
Your fantasy of endless beach days can quickly turn into boredom.?
Because you’re wired for growth, always seeking the next challenge.?
This drive is part of your DNA as a successful business owner, but it can also be a double-edged sword, leading to what some experts call “entrepreneurial addiction”.
Amy Morin, a psychotherapist and mental health author, describes addiction as compulsive engagement in rewarding stimuli despite adverse consequences.?
This definition is particularly relevant for business owners who find themselves compulsively working longer hours, neglecting personal relationships, and sacrificing health and well-being for the sake of their business.
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Amy identifies 6 warning signs of entrepreneurial addiction:
Do you see any of these warning signs in you?
If yes, then you need to break the cycle.
You can start this by setting clear boundaries - allocate specific times for work and personal activities, and stick to them.?
Celebrate your achievements and acknowledge your progress to maintain a healthy sense of self-worth.?
Most importantly, remember why you started your business in the first place.?
Reconnect with your initial goals and ensure they’re being met without compromising your well-being.
Taking these steps can help you regain control and create a sustainable work-life balance.?
If you find yourself struggling, consider booking a clarity call with me to discuss strategies to get yourself out of this mess.?
It's time to move from being indispensable to leading a thriving, self-sufficient business so that you can enjoy the freedom and fulfilment you deserve.
Ness is a Business and Leadership Coach. Her approach is grounded in practicality and empathy because she believes in the power of careful, thoughtful decision-making that respects your needs. Having run successful coaching businesses since 2015, Ness is obsessed with helping business owners and leaders thrive. She helps her clients install smart business growth strategies and leverage leadership for peak performance.
Marketing Integrator for High Ticket Coaches
6 个月Such an eye-opener, Ness! It's so easy to get caught up in the hustle and miss those warning signs. Thanks for shining a light on this important topic! ??
Melbourne based mortgage broker, serving all of Australia. Consultative, financial literacy focus. Tailor made strategies, with unique home loan programs to set you up for success.
7 个月Interesting read - with addiction often perhaps being justified as passion?
Co - Founder @ First-Flight | Connecting People, Ideas & Opportunities
7 个月sounds like an eye-opener ??
Learning & Development Wizard ???? | Creative ? | Imagine8??| Redefining How People Learn, Connect, and Do Business. Let’s Chat!
7 个月Great insights, Vanessa! ?? It's so important to recognize the hidden challenges of letting go and stepping back. Your perspective on "entrepreneurial addiction" is eye-opening and a must-read for business owners. ??
Business Mentor for Women | Helping Build Wildly Successful Businesses | Podcast Host – Wild Hearts in Business
7 个月Great article, this is very common in a lot of businesses.