Today's business environment presents a gold-mine of money-making opportunities. Research from the Pew Research Center on the gig economy/sharing economy shows that 72% of Americans have used some sort of sharing or on demand online service.
They've purchased second-hand goods online, they've purchased handmade goods from an online artist, they've used ride-sharing or home-sharing services, and they've hired help for one-time or short-term projects.
All of these products and services are being provided by people that are building lives and incomes around multiple revenue streams... around the clock.
Entrepreneurship is at an all-time high. Research shows that 2/3 of people now see entrepreneurship as a great career choice. Worldwide, 400 million people - or 1 in 18 - are their own bosses, despite the fact that the average founder salary is less than $50,000 a year, and the average entrepreneur works 66 hours per week, compared to employees who work 47 hours per week.
More people are chasing the entrepreneurial dream. What's good for the dream, however, may not be good for the dreamer.
Here are 8 strategies I've compiled through my own experiences in my "struggle with the juggle," my experience in working with hundreds of other CEOs, and through research on how to set limits around your work so that it doesn't compromise your health and happiness.
In the end, health is our greatest wealth.
Prioritize Self-care. Self-sacrifice creates resentment, unhappiness, and in many cases, mental illness. Depression costs the US economy more than $51 billion a year in absenteeism from work and lost productivity and $26 billion in direct treatment costs.
The biggest population risk? Millennials because of increased work stress. One in five young workers has experienced on-the-job depression, compared to only 16 percent of Gen X'ers and Baby Boomers.
Taking time off to restore and recharge enables you to bring your best self to your family, your employees, and your clients. It's difficult to lead, inspire, create, and problem-solve when you are exhausted.
Prioritize Sleep. Our brains require long stretches of uninterrupted sleep to recharge. It's proven that sleep deprivation impedes our brain's ability to form new memories. It requires a shut-off period to recharge and rid itself of toxins that accumulate and mentally impair us.
Prioritize Health. I've dodged 2 cancer bullets, so I have a healthy respect for mortality. Yes, doctor's visits are time-consuming, and sometimes stressful. However, the risks of missing a diagnosis far outweigh the inconvenience of a doctor's appointment.
Just under 2 million new cancers cases are diagnosed yearly. 29.1 million people in the US have diabetes; 8.1 million may be undiagnosed and unaware of their condition.
Heart disease is the number one cause of death in the United States, killing nearly 800,000 a year, and claiming more lives than all cancers combined.
If you don't care for your health now, you'll be forced to care for it later.
Step Away from the Devices. A 2016 Deloitte survey found that Americans collectively check their phones 8 billion times per day. On average, Americans checked their phones 46 times per day, including during leisure time--watching TV, spending time with friends, eating dinner. We're addicted to our devices, despite proof now that our "smartphones" actually compromise our performance and intelligence.
Say No. "No" is a complete sentence. We often have to say "no" to the good to say "yes" to the great. When we know our priorities, it's easier to say "no" to those things that don't align with them.
Schedule Everything. Kevin Kruse, Author of 15 Secrets Successful People Know About Time Management, interviewed 300 leaders, top athletes, and top scholars. He discovered that the most common time management strategy was adhering to a strict schedule for everything - work, family, friends, self.
Hold Short, Goal-Oriented Meetings That Lead to Action. Ineffective meetings are the Achilles heel of productivity. Meetings should be highly efficient, with clearly defined goals and clear expectations, and should yield specific action/outcomes.
Forgive and Move On. Emotional baggage drains us of time, energy, focus, and productivity. Anger keeps us focused on the past, and robs us of our capacity for joy.
"Forgiveness is a bold leadership skill. It's a muscle that we can all strengthen with intentional effort," shares Dr. Shawne Duperon who founded the Project Forgive Foundation to teach leaders about the importance of incorporating forgiveness into organizations and leadership.
Simply stated, let it go. Not because they necessarily deserve forgiveness, but because you deserve peace.
With so many competing priorities and distractions, our time is more limited now than ever. We must be intentional about releasing anything that holds us back from capturing the value of every moment.