Entrepreneurship: What to Prioritize

This is part one of a five-part series looking at the biggest mistakes entrepreneurs make.

family
Image courtesy of imagerymajestic at FreeDigitalPhotos.net

It’s a given that everyone is busy these days, but to what degree? The phrase “I’m too busy” usually means you’re not making the right priorities.

Limit Your Daily Distractions
I know this seems obvious, but let me give you an example. I have a friend that routinely worked 12 hours/day, and it wasn’t because he had 12 hours’ worth of work, it was because he wasn’t good at prioritizing and would get distracted by less important tasks.

Yes, it’s super easy to get distracted during the day by emails, texts, Facebook, whatever. Obviously, do what you can to eliminate those distractions. For example, check your email only at designated times during the day, and keep personal Facebook usage to your lunch hour.

Here’s another tip that I’ve heard numerous entrepreneurs say. Create three priorities each day, get those accomplished, and everything else you can do on top of that is gravy.

Focus on What’s Truly Important
What are some reasons entrepreneurs work so hard, aka, so many hours, late nights and weekends? One reason you commonly hear is to provide a better life for their family. I hate to admit how many entrepreneurs I know who are now divorced because they ignored their spouse. Also, the time you miss watching your kids grow up is time you’ll never get back. Remember what really matters.

One more thing: it’s not just your family that should be a priority. Don’t forget to take care of you. Is fame or fortune worth the ulcers, heart attacks, extreme weight gain/loss or overall poor health? Take care of your body and mind. Exercise. Eat right. Get enough sleep.