Most people who dream of becoming self-employed desire the freedom and flexibility that comes with not having to work for someone else. While they most likely love what they do and may start out with some solid boundaries for work-life balance, the responsibilities that come with running a growing business can erode that freedom and flexibility. When people put their hearts and souls into building their businesses, it can be a very difficult transition to trust employees to be left alone to do what they have been hired to do. 83% of small business owners needed help from friends, family and community last year to keep their doors open. 38% required loans to continue operating and 53% relied on the goodwill of family to help them run the business. In the balance hangs the ability of these same businesses of which 52% anticipate revenue growth and 55% who plan to expand their business, while only 25% plan to hire more support to maintain these ambitious goals.
We are concerned to know that 90% of CEOs continue to miss out on major opportunities for profit and growth because they are unaware of or unprepared for them. In my experience, I have witnessed far too many very smart business owners choose to gain their lessons through hard, costly personal trials. Our hope is that we can save you some of the time and frustration that we have witnessed, so that you have the focus, the energy and the capacity to grab hold of the best that is in front of you, for yourself, your family, your employees, and your business, so that you are even better prepared to advance business success.
There are three major obstacles that hold businesses back:
1. Failure to anticipate the road ahead:
Despite 79% of today’s top executives identifying adaptability as the only way to overcome business challenges, less than 1/3 of entrepreneurs have the resources to see either threats or prospects on the horizon.
2. Lack of follow-through:
The state of overwhelm catching so many business people off guard leaves more than half of business owners concerned that they are making poor decisions, either making the wrong decision or making the right decision too late.
Business is a scary place to be right now. 55% of entrepreneurs say they are so concerned about losing their business completely, they adopt an overly cautious approach that makes them indecisive.
Despite so many challenges, determined executives and business owners battle on. They do not give up in the face of economic devastation and their own declining health.
The Japanese have studied this occurrence for many years. Karoshi, Japanese term for death by overwork, is a result of cortisol overload, which has the potential to increase cardiovascular disease by 50%. characterized by overproduction of cortisol, a hormone that can result in a 50% increase in the likelihood of cardiovascular disease. The good news is there are proven formulas that can empower you to take back control of your energy and find both the performance and the sanctuary needed for you to find both success and happiness.