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What to Do When You Want to “Burn Down” (aka Quit) Your Business (Part 2)

What to Do When You Want to “Burn Down” (aka Quit) Your Business (Part 2)

If you’re an entrepreneur for long enough, you’ll likely feel like you want to quit every now and then. Or even consider burning down your business a time or two.

That’s normal. Pretty much every successful entrepreneur I know has fantasized about leaving his or her business, and running off to live in a grass hut on a beach somewhere.

But, that doesn’t mean you should actually do it.

In fact, I would argue that most of the time when you get that “I QUIT” feeling, there’s really something else going on.

And, if you can get to the heart of what “I quit” is REALLY telling you, you can turn around more than your business.

You can turn around your life.

So, let’s dive into a few possible reasons behind that “burn it down” feeling. (Note—this isn’t meant to be a complete list. You may have something going on I don’t list here, and that’s perfect. This is just meant to help you shift your perspective a bit.)

• Are you exhausted and/or overwhelmed? I know when I get overwhelmed, I just want to run away. But, the more effective response is to take a look at why you’re feeling exhausted and/or overwhelmed, and fix that.

Maybe you need to get more help? And, yes, that may mean hiring a team member or two in your business, but it may also mean hiring a housekeeper or a personal assistant or a nanny. Or it could mean having a heart-to-heart with your spouse, partner, and/or older children, and enlisting their help around the house.

Or maybe you just need to let some things go. Maybe you cut back on volunteer or community service hours, or maybe you let go of the idea that you absolutely must have a super-clean house. Or maybe there’s a business project or a task on your to-do list that hasn’t gotten done for a while now, and just needs to be deleted.

Basically, if this is you, I would encourage you to take a good, long look at your business and your life and see what you can do to restructure or delegate or delete the tasks that are overwhelming you.

• Are you bored? A lot of creative entrepreneurs confuse boredom with the desire to burn things down. They’re bored, so therefore “It’s not working anymore,” and they need to go do something else.

But, before you start burning things down, see if there’s a way you can restructure your business so you’re not stuck doing the things that are boring you, and that will give you the space and energy to pursue new challenges that excite you.

• Are you feeling entitled? No, this doesn’t only apply to Millennials. If you find yourself thinking things like “This really should be easier,” or “I should be further along by now,” or “Why do I have to do this?” or “Why is so-and-so more famous and successful than me?” you may be suffering from a case of entitlement.

If this is you, you may want to consider volunteering or spending time with people who have bigger challenges than you have. That’s typically a good way to reset your mind, and realize how blessed you actually are.

• Do you have the wrong business model? If you are a one-on-one business coach and you’re built for group programs, you’re likely going to eventually resent your business.

If you find yourself in this place, a smarter move may be to restructure your business model into one that better suits you. A great place to start is with my free book: How to Start a Business You Love AND That Loves You Back.

Another variation of this concept has to do with what Gay Hendricks calls your “Zone of Excellence” versus your “Zone of Genius.” Around which have you built your business? If you’re in your Zone of Excellence, yes, you’re doing work you like and are good at. But you also may know deep down that there’s something not quite right. And, after a while, that may start to suck the life out of you.

• Did you think the money would make everything else worth it? I’ve known a number of successful entrepreneurs who have built businesses they didn’t love (or even much like), but who are making really good money.

They did it because they assumed the money would make everything else worth it.

So, imagine their dismay when they realize that isn’t the case.

If you’re building something simply for the money, there’s a chance you may wake up one morning and flat out decide you’re done, because the money isn’t worth it. If this is you, you may want to start evaluating now, to see how you can tweak what you’re doing so it’s more in line with your purpose and/or passion.

• Are you in a wormhole? My friend, Juicy Marketing Expert Lisa Cherney, used to talk about being in the wormhole, which basically represents the “breakdown” before the “breakthrough.” It’s really common for entrepreneurs to get derailed, or fall down into a pit, while on their entrepreneurial journey. But sometimes, your darkest times occur right before your biggest breakthroughs.

If you find yourself here, self-development tools such as meditation or journaling or coaching may help. You can also check out my “Love-Based Money and Mindset” book for more tools and exercises that can help you manage your mindset, and guide your breakthrough.

• Have you been neglecting your self-care? If so, then it’s no wonder you’re feeling worn down and ready to quit. Even if you feel like you can’t take the time, you may have no choice but to take a few days (or even longer) off, and make some time for yourself.

• Do you have a pattern of walking away? If this is a common pattern of yours—to walk away or quit—this may be a golden opportunity to stay in the game … to NOT let yourself quit. In fact, it could be the beginning of the breakthrough you’ve been looking for.

Now, this is not to say you should never quit. There are absolutely times when quitting is the smartest option. But, before you do quit, it may be smart to make sure that truly is the best option for you.

If you want to dig into this topic more deeply, you may want to check out my “Love-Based Money and Mindset” book.

 

[Video] Flip It! How Do You Know If You Should Quit?

[Video] Flip It! How Do You Know If You Should Quit?

“I quit.” Every entrepreneur I’ve ever known has fantasied at one time or another about quitting. (Yes, even the super successful ones.)

But, fantasy is one thing. What happens when you’re in the middle of the mess — working your fingers to the bone every day with no guarantee the work you’re slaving over will actually turn into the success you’re hoping and dreaming and sweating and bleeding for.

How do you know when you’re just wasting your time and you should quit — or you should keep going? (After all, how many of us have heard about those “overnight” success stories that took ten years?)

How do you do it? How do you keep working on your business, not knowing if the actions you’re taking today are going to be the ones to finally break through for you. Or if it’s going to take another six months or even a year before you start seeing momentum in your business.

Or do you?

I think part of the problem is how do you know if what you’re going through is simply part of the process or if you’re completely on the wrong path and really should quit?

And, the answer is — you don’t.

Not completely.

Most of the time you’re battling your self doubt and your demons alone, in the slog, day after day.

BUT, I do think there are a few signs you can look for:

• Do you see any glimpses of success? Scott Adams in his book “How to Fail At Almost Everything and Still Win Big” wrote you will see a few signs if you’re on the right path. They may be small, they may be spread apart, but they’ll be there.

• Is the Universe helping you course correct? Course corrections can appear in all sorts of ways. Maybe it’s a person who shows up with the perfect, offhand remark, or a blog post pops up with precisely the information you’ve been looking for. The point is to stay open to what’s being put in front of you.

• Or is the Universe trying to send you in a different direction? One of my entrepreneurial friends was laid off three times over a period of two years. As she drove home after the third time, her stuff in a box next to her, she finally realized the Universe had been trying to steer her away from a job and toward having her own business.

Basically, being open to the gentle suggestions, nudges or cheering-you-on signs is the best thing you can do for yourself during this time.

I’ve got more (a lot more) to say on this topic — watch below:

 

(And if you’re wondering exactly how you can get everything you want simply by flipping your perspective? Check out the first episode here.)

If you liked this episode, you may also like my “Love-Based Money and Mindset” book — you can check it out here.