5 STEPS TO BUILDING YOUR BUSINESS ACCORDING TO THE LIFESTYLE YOU WANT

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5 Steps to Building Your Business According to
the Lifestyle You Want
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• We are all familiar with the notion that to
  become a successful entrepreneur, and get your
  business startup off the ground, you have to be
  dedicated, driven and willing to work long hours.

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• All of this is true, but many people believe that
  the only way to demonstrate that you are
  committed is to work 12 hours a day, 7 days a
  week. The truth is that, longer hours do not
  equal higher productivity.

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• More often than not, entrepreneurs put so much
  emphasis on business success that they miss out
  on the other aspects of life. In an attempt to
  prioritize their work, they often lose track of
  the other important aspects of life.

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• Forget the idea that as an entrepreneur Theres
  no such thing as work-life balance, because
  there is. Of course, this isnt achieved
  overnight, but you can make it happen.

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• Not sure how to go about it? Take a look at the
  following steps that will help you design your
  business around your life, and not the other way
  around.

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Establish your vision

• Life without vision is almost like going on a
  road trip without a map. Without this map, you
  may just end up going around in circles, and
  ultimately reach nowhere. Realizing what you want
  out of life and work, and knowing how to obtain
  them is crucial. In order to reach your goals,
  you first need to know what those goals are.

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• What kind of life do you want? Do you want to
  live luxuriously? Or are you aiming more towards
  a humble life with peace and harmony? You may
  think that there is no way for you to guess what
  you may want 10 years down the line.

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• But remember that your vision is a part of you,
  and it will change as you change. No matter what
  your vision is, as long as you let it guide you,
  you are on the right track.

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Think long-term

• If you are an entrepreneur who wants to create a
  work-life balance, you cannot live by the one
  day at a time mentality. If you want to achieve
  success in life and business, just taking life as
  it comes wont help you get to your destination.

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• You will have to work hard to reach your goals,
  and you cannot do that unless you think
  long-term. Even when you are planning your
  day-to-day activities, you need to set your
  priorities in a way that eventually lead to that
  ultimate goal. To achieve this you must put the
  systems and processes in place that enable you to
  achieve that goal.

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• Stephan Aarstols article in Inc, Design Your
  Business Around Your LifeNot the Other Way
  Around talks about Learning the art of management
  by absence, which is a concept popularised by Tim
  Ferriss in his superb book, The 4-Hour Workweek.

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• The key is having great employees who allow you
  to step away from the day-to-day without things
  falling apart. When you learn how to outsource
  and give your team autonomy, it frees you up to
  create balance in your life.

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• This approach can be priceless for those striving
  to achieve that work-life balance. With less
  operational tasks, more outsourcing and
  delegation, you can spend more time on core work
  activities, or take some time out to increase
  your social activities.

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Put efforts in building a network

• Your networking abilities are critical not only
  to the success of your business, but also to the
  overall quality of your life. If you want to make
  your small business grow and keep ticking without
  constant intervention from yourself, you need to
  build relationships and create a diverse network
  that will help with your business management and
  daily operations.

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• Maintaining these relationships and taking action
  when necessary is crucial. It takes a significant
  amount of time and drive to build an extensive
  network of friends and associates. But the
  benefits of business networking is priceless

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• Once you are confident in the network you have
  built, you should consider outsourcing as much as
  you realistically can. With fewer employees the
  less people you have to manage, hire, and fire.
  You can also use websites such as Freelancer to
  find high-quality talent that you can outsource
  work to anywhere in the world.

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Leverage Technology

• With all the technology entrepreneurs have at
  their disposal in todays digital age, businesses
  can operate from almost anywhere in the world.
  The three essentials you need to work from
  anywhere are email, phone and Internet. With
  these three essentials you can cut out the hassle
  of big city congestion, and the general hustle
  and bustle. With reduced stress you are likely to
  be more energized, productive, and focused on the
  task at hand.

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• New technology is changing attitudes regarding
  where you can work, and what time you work. The
  choices are now wide open. Whether you want to
  stay at home, travel, live remotely or run a
  virtual operation with staff working around the
  world, it is achievable. Ive even heard stories
  of entrepreneurs closing million dollar deals
  whilst relaxing on a beach and sipping a cocktail.

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Maintain a work/life balance that benefits you,
and your business

• You must be familiar with the saying all work
  and no play, makes jack a dull boy. This is
  especially applicable to entrepreneurs. Of course
  in the initial phases of setting up a business,
  you have to work hard to create a smooth
  operation.

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• And then additional work is required to engineer
  your business around your life. It takes a lot of
  work to achieve this balance but the benefits are
  invaluable. Your business should revolve around
  your life, and it shouldnt be the other way
  around.

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• Poor work-life balance can lead to stress and low
  output. Achieving work-life balance is integral
  to your general health and well being, and it
  increases your satisfaction and motivation. You
  are likely to be more committed, more flexible
  and more responsive to your business and
  customers needs.

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