#685: The #1 Thing You Can Do As An Entrepreneur To Avoid Burnout
Digest
Amy Porterfield, a successful entrepreneur, discusses the importance of setting goals and saying no to opportunities that don't align with them to avoid overextension and burnout. She shares her personal experience of saying yes to speaking engagements that didn't align with her ideal customer avatar, leading to resentment and a feeling of being overextended. She encourages listeners to prioritize their values, goals, and time, and to be honest with themselves about what they are willing to sacrifice to pursue opportunities. Porterfield emphasizes that saying no to opportunities that don't align with your goals is not a sign of failure, but rather a strategic decision to move closer to your goals. She encourages listeners to reflect on their priorities and to catch themselves when they say yes to something they later regret.
Outlines
The Importance of Goals in Business
This Chapter discusses the importance of setting goals in business, not only for growth but also for staying focused on what matters most. Amy Porterfield, a successful entrepreneur, shares her experience of using yearly and quarterly goals to stay on track and say no to opportunities that don't align with her goals.
Overextension and the Power of Saying No
This Chapter explores the concept of overextension in entrepreneurship and the importance of saying no to opportunities that don't align with your long-term goals. Amy Porterfield shares her personal experience with FOMO (fear of missing out) and how she has learned to embrace JOMO (joy of missing out) by prioritizing her goals and saying no to things that don't serve her.
LinkedIn Ads: Reaching Your Ideal Audience
This Chapter highlights the benefits of using LinkedIn ads for online marketers. Amy Porterfield emphasizes the effectiveness of LinkedIn ads in reaching the right audience and driving results. She encourages listeners to take advantage of a $100 credit offered by LinkedIn.
Shopify: A User-Friendly Commerce Platform
This Chapter introduces Shopify, a user-friendly commerce platform designed to help online entrepreneurs build online stores and increase sales. Amy Porterfield highlights Shopify's features, including its high conversion rate and award-winning help desk, and encourages listeners to try Shopify for a $1 per month trial.
Keywords
FOMO
FOMO stands for "Fear Of Missing Out." It's a feeling of anxiety and inadequacy that arises from the perception that others are having more fun or experiencing more exciting things than you are. It can lead to impulsive decisions and a sense of dissatisfaction with your own life. FOMO is often fueled by social media, where people tend to present idealized versions of themselves and their experiences.
JOMO
JOMO stands for "Joy Of Missing Out." It's the opposite of FOMO, and it involves finding contentment and satisfaction in choosing not to participate in certain activities or experiences. JOMO encourages a focus on your own well-being and priorities, rather than comparing yourself to others. It can lead to a more fulfilling and less stressful life.
Overextension
Overextension refers to the state of being overwhelmed or stretched too thin, often due to taking on too many commitments or responsibilities. In entrepreneurship, overextension can lead to burnout, resentment, and a decline in productivity. It's important to recognize the signs of overextension and to take steps to manage your workload and prioritize your well-being.
LinkedIn Ads
LinkedIn Ads are a form of paid advertising on the professional networking platform LinkedIn. They allow businesses to target specific audiences based on factors such as industry, job title, and company size. LinkedIn Ads can be used to generate leads, promote content, and drive website traffic. They are particularly effective for businesses targeting professionals and decision-makers.
Shopify
Shopify is a leading e-commerce platform that allows businesses to create online stores and sell products online. It offers a wide range of features, including a user-friendly interface, secure payment processing, and marketing tools. Shopify is popular among small and medium-sized businesses, as well as larger enterprises.
Q&A
What is the biggest secret to successful entrepreneurship and avoiding burnout?
Amy Porterfield believes that one of the biggest secrets to successful entrepreneurship and avoiding burnout is the ability to say no to things that don't align with your long-term goals.
How can setting goals help you avoid overextension?
Setting goals, both yearly and quarterly, can help you stay on track and say no to opportunities that don't align with your big goals. This can help you avoid overextending yourself and feeling resentful.
What is the difference between FOMO and JOMO?
FOMO (Fear Of Missing Out) is the feeling of anxiety and inadequacy that arises from the perception that others are having more fun or experiencing more exciting things than you are. JOMO (Joy Of Missing Out) is the opposite, and it involves finding contentment and satisfaction in choosing not to participate in certain activities or experiences.
Why is it important to be honest with yourself about what you are willing to sacrifice to pursue opportunities?
Being honest with yourself about what you are willing to sacrifice to pursue opportunities can help you make more informed decisions and avoid overextending yourself. It's important to consider what you will have to give up or delay in order to take on a new opportunity.
How can you avoid overextending yourself as an entrepreneur?
To avoid overextending yourself, Amy Porterfield recommends checking every opportunity against your goals, both short-term and long-term. She also encourages entrepreneurs to prioritize their values and to be honest with themselves about what they are willing to sacrifice.
What are some of the benefits of using LinkedIn Ads?
LinkedIn Ads can help you reach your ideal audience, build relationships, and drive results. They are particularly effective for businesses targeting professionals and decision-makers.
What are some of the key features of Shopify?
Shopify is a user-friendly commerce platform that offers a high conversion rate, secure payment processing, and marketing tools. It also provides award-winning help desk support to help entrepreneurs succeed.
What is the biggest piece of advice Amy Porterfield gives for avoiding burnout as an entrepreneur?
Amy Porterfield's biggest piece of advice for avoiding burnout is to check every opportunity against your quarterly and yearly goals, and to consider whether the opportunity aligns with your long-term vision.
Show Notes
Turning your FOMO (Fear Of Missing Out) into JOMO (Joy Of Missing Out) so you never feel burnt out again.
Ever feel like you’re just stretched way too thin? Oh, I know I have! As entrepreneurs, it's so incredibly easy to become overextended. We all want to grab every opportunity that comes our way, take on every task, and say yes to every chance we can for more exposure. Trust me my sweet friend, saying yes to everything might seem like the right thing to do at first, but it's a super slippery slope.
Early in my entrepreneurial journey, I used to take every single opportunity I was given because of the fear that I might miss out on something. That's right – I was feeling the dreaded FOMO (Fear Of Missing Out). But, I would get SO burnt out SO quickly! That is, until I eventually realized that most of the things I was doing weren't actually in service of my long-term goals as a business owner.
So, in this episode, I’m here to share my biggest pieces of advice for avoiding burnout, open up about my experiences with it (so you can learn from them, of course!), and share my tips and tricks for prioritizing what's truly most important to you and your business.
Today, you’ll hear about:
- 2:27 : The importance of setting goals for your business and how I set my quarterly and yearly goals
- 4:06 : Advice for knowing when to say “no” to opportunities
- 9:36 : Why you need to get super clear on the season you're in, your values, and your priorities
- 11:13 : Questions to ask yourself that will help define exactly what you want
Listen and get ready to turn that FOMO into JOMO (Joy Of Missing Out)!
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