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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.

 

Feel Like “Burning Down” Your Business? Read This. (Part 1)

Feel Like “Burning Down” Your Business? Read This. (Part 1)

Recently, a famous entrepreneur in the transformation industry apparently advised a room full of beginning and “wanna-be” entrepreneurs that one of the secrets to business success is to “burn it all down.”

I wasn’t personally in the room, but even if it didn’t happen precisely the way it was described to me, there are a few good teaching points I think are worth talking about.

1. There is a time and place to share your most vulnerable story—and that time is NOT when the walls are crashing down on you.

Look, being an entrepreneur is really, really tough. It’s going to trigger you. It’s going to push your buttons. You’re going to fail. You’re going to fall down.

Some of those falls are going to be harder and more painful than others.

And, sometimes, the pit you find yourself in is so deep and so dark, the only possible way out you can see is to burn everything down.

I get it. Every single successful entrepreneur I know has contemplated burning it all down at some point, and a good many of them actually have (or did a pretty significant pivot).

As you can imagine, being in this place can wreak havoc on your emotions, which is why if you talk about it when you’re in the middle of it, you run the risk of sounding massively-entitled, ego-driven, and self-serving.

(And, let’s be honest—you likely sound massively-entitled, ego-driven, and self-serving because in that moment, you ARE. And it’s okay. It’s normal. You’re in a tremendously difficult time. Be gentle with yourself.)

The time to share is AFTER. After you’ve done the work, felt the feelings, and actually have some sort of positive resolution to share.

If you don’t have a positive resolution yet, that likely means it’s not time to share.

2. There’s more than one way to “burn it down.”

Some entrepreneurs are able to use their current business as fuel for a new one. Some simply burn it down and walk away. Some even take others down with them.

In the heat of the moment, you may decide you don’t care what happens to anyone else–you just want out. I get it. But, again, before you destroy what you worked so hard to build, I’d encourage you to take a moment and consider how it will affect others, such as:

• Your team. They’re depending on you financially. Are you still paying them like you promised? Are you able to bring them with you, if you begin traveling a new path? And, if not, are you giving them enough of a heads up, so they can find other arrangements?

• Your clients. They’re depending on you, too. Are you leaving them in a lurch, or are you honoring your commitment to them?

• Your past clients, customers, and buyers (and really anyone who believed in your message, teaching, and training). Are you now telling them everything you taught was a sham? Or are you still standing behind the essence of your message (as it may just be changing form)?

• Your commitments. Are you honoring your commitments and doing what you can to gracefully transition, or are you simply walking away, promises be damned? (Note—this includes promises you’ve made to yourself, as well as to others.)

It may be you’re at a point where you simply don’t care anymore. But if you do, I highly encourage you to take a moment to pause and breathe and think about what you’re doing.

Like I said earlier, there are lots of ways to burn down your business, and how you do it says a lot about your character.

3. If you find yourself trapped in a pit, there is likely a deeper reason.

You typically don’t get stuck in pits unless something else is going on.

For instance, you may have heard the saying “breakdown to breakthrough”—in many cases, the deeper and darker the pit, the bigger the breakthrough. Or maybe the pit is supposed to be showing you something else … something that’s not even related to your business.

In fact, a lot of times, even if you feel like burning down your business, that actually isn’t the right solution.

In Part 2, I dug into some other deeper issues that may be lurking underneath your desire to burn it all down.

And, if you’d like to dig into more mindset issues that may be holding you back from the business success you’re dreaming about, check out my “Love-Based Money and Mindset” book. You can grab your copy here.

Fall in Love with Your Business – and Make More Money!

Fall in Love with Your Business – and Make More Money!

Here’s an important question for all of you entrepreneurs who are busy building a business: How do you feel – how do you really feel – about your business?

Actually, this question is so important, I’m going to ask you to look at it this way, too:

If you were in a relationship with your business, what would that relationship look like?

Is it a relationship you take for granted? Do you wake up next to your business every morning with no real sense of excitement? Do you expect it to be sitting at its rightful spot at the dinner table every evening? Are you spending all of this time and energy building a business while secretly wishing you could be doing something else instead?

Or is it a relationship filled with passion and excitement? Can you not wait to say good-morning to it? Do you sneak away during the day to check your business email, and think about it all. The. Time? Do you prioritize it, spending quality time with it?

Take a minute to really think about it, right now.

Here’s why:

About a year ago, I read Elizabeth Gilbert’s book, “Big Magic: Creative Living Beyond Fear.” It’s all about how to live our most creative lives, balancing soulful spirituality and cheerful pragmatism. In it, she talks about how she decided to have a “wild love affair” with her writing.

As a creative person—and especially as someone who has recently rediscovered my passion for writing fiction—I can get on board with the idea of having a wild love affair with your art!

But what about having a wild love affair with your business?

Imagine with me now …

Every morning, you’d practically jump out of bed because you couldn’t wait to see your business. You would spend every spare moment with your business, and maybe you’d even sneak away to check on it when you’re “supposed” to be doing something else, like dishes. At night, you’d go to bed thinking about it, and it may even show up in your dreams.

How would that feel?

Now, I’m not saying that in reality, you should spend 24/7 on or with your business. But what if you could capture that feeling, that energy, excitement, and passion?

Imagine everything that would flow back to you in terms of clients, opportunities, and money. After all, money follows passion, right?

It sounds pretty amazing, doesn’t it?

If you don’t feel this way about your business right now, know first and foremost that that’s okay! There is a way to build a business you love, and that loves you back. (More on that in a moment.)

Second, take a few moments to think about WHY you don’t love your business – and I mean love it passionately. In fact, I invite you to take this process even deeper, by having an actual conversation with your business.

Action Step: Imagine your business is a person, sitting across from you, and talk to him or her. Ask her what happened! What has gone wrong, and why? You may be surprised at the answers that pop up.

Look, if you’re going to spend all of that time and energy building a business, wouldn’t you want to feel like you’re having a passionate affair with it?

If this post resonated with you, you may want to check out my book, “How to Start a Business You Love AND That Loves You Back.” It’s designed to give you all the tools you need to start a business you love – one with which you can have that ‘wild love affair’! Click here to learn more.

Position Yourself for the WIN: A New Way to Set Goals

Position Yourself for the WIN: A New Way to Set Goals

How important is goal setting to making your dreams come true?

You may have seen the numbers — the most successful people in the world, the top 1% — are the ones who not only regularly set goals, but who also write them down and review them regularly.

However, most people spend zero time figuring out their goals (much less writing them down and reviewing them) beyond the immediate: what’s for dinner and what will be their next Netflix show to binge watch.

So, if setting goals really is the secret to success, and the vast majority of folks say they want to be successful, why isn’t everyone doing it? I mean, it seems like a relatively painless habit to develop, right? So what’s stopping us?

I think it’s because …

For years, I would set goals using what I would consider a very traditional process. I’d sit down and brainstorm a bunch of things I wanted to accomplish the following year, and then write them down. It was pretty simple, straight-forward, and very much a mental exercise.

Now, there’s nothing really wrong with this approach, and if this is something you do and if it’s working for you, great. It also sort of worked for me — I did see success from at least making the effort.

However, this is only one of many ways to set goals.

For instance, in his book, “How to Fail at Almost Everything and Still Win Big,” Scott Adams, the creator of Dilbert, talks about how “Setting goals is for losers,” and what you really ought to be doing is creating systems.

His argument is that when you set goals, you constantly feel like a failure because you haven’t reached the goal. And, because you’re constantly feeling bad about your goal, you stop working toward it.

But, if you have a system, all you need to do is follow it, and you’ll feel good about yourself regardless of results.

For example, let’s say you have a goal to lose 10 pounds. Every day you haven’t lost 10 pounds is another day you feel like a failure. But, if you set up a system that revolves around exercise and eating better, and you follow that system, you’ll not only eventually lose the 10 pounds, but you’ll also feel like a winner as you follow your system and start seeing results.

While I find a lot of this intriguing — especially how it actually feels (I know the old way I set goals made me feel constantly impatient as I waited — and tried — to reach them) — it also seems like you need an initial goal to start the process of following your system. Otherwise how will you know your system is designed to actually help you reach your ultimate goal? (I know, that seems obvious, but stick with me.)

Let’s say your system is set up to support you in eating better and exercising. That’s great, and it can certainly end up making you healthier … but because there are so many ways to eat better and exercise, the system you set up may not actually help you lose weight. And if that’s the case, you won’t reach your ultimate goal, and I suspect your system will end up leaving you feeling frustrated with that constant sense of failure.

For me, what works best for me when it comes to goal setting is to use a mixture of techniques.

First off, it can’t just be a mental exercise like how I used to do it — I want to give myself the space to feel into where I want to go. I also want to make sure my inner wisdom, intuition, and God (or Spirit or Source) has a chance to weigh in.

And, once I know where I want to go, then it’s time to structure my day, including my daily habits, so I’m fully supported along the way to get there. (I suspect this is what Adams would likely call my system, and I work the system rather than fixate on the end result and feel unhappy waiting for it to come to fruition.)

Ready to give it a try? Go for it! Create a system, and reach your ultimate goals.

And if one of your goals for the New Year is to make more money, you may like my new book “Love-Based Money and Mindset,” as it includes a blueprint to help you actually create a system to make more money. You can learn more and grab your copy here.