The Family Business Balance Equation

Summary

• I believe you should find ways to design your business and family life so that they improve each other. It's important to see them as interconnected rather than separate.

• I have a friend who hosts large events requiring him to be away from home for weeks. He found a brilliant solution by having his wife organize an event for the wives and families of his event attendees at the same time.

• By doing this, they not only enhanced their own family's connection to the business but also created value for others by bringing families together during these events.

• The key takeaway here is to think creatively about how your business can enhance your family life and how your family can support your business.

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How To Take Action

I would suggest implementing a strategy where you view your business and family life as interconnected. Start by thinking of creative ways to make each support the other. For example, if you're attending a business event, consider turning it into a family affair by involving your family in some aspect, like organizing a parallel event that caters to other families involved. This approach not only bridges the gap between work and home life but also strengthens those connections.

A good way to begin is by identifying opportunities where family could be included or engaged in aspects of your work life. This might also mean using your business resources to create experiences or events that your family can benefit from. Can you create family-friendly networking or community events?

You should also look for ways your family can support your business. This could be through shared skills or interests that benefit your business goals while spending quality time. It’s about blending roles in a way that enriches both parts of your life.

Lastly, take ample time to brainstorm with your family. Discuss how these changes can mutually support both spheres. By creatively aligning your business with your family life, you're not just adding value to both but also cultivating a more balanced and fulfilling lifestyle.