Do you own your business, or does your business own you?
Description
In today's episode, we look at the intricate dance of owning your business versus being owned by it. I speak into the essential nature of strategic planning for the health of your family daycare business. The lack of planned holidays, financial foresight, and daily structure are tell-tale signs of a business running you, rather than the other way around. I touch upon the beneficial impact of disciplined planning, sharing personal anecdotes of how a coach significantly shifted my approach to business. I reflect on the perils of burnout and the refreshing clarity that comes from sound financial planning, including budgeting for taxes and superannuation. I discuss the concept of being the CEO of your own life and how adopting a business mogul's mindset, even in a small-scale operation, can lead to exceptional outcomes. The session delves into the practical steps needed to move from chaotic multitasking to efficient, batched work processes, thereby enabling a more profound professional and personal satisfaction. Moreover, we explore the importance of tracking and measuring your activities to not only improve your business operations but also to enhance your professional development. This discipline allows you to be present and curious in your role, deepening your understanding of child development and enriching the learning experiences you provide. I challenge you to view your business from a higher vantage point, recognising areas lacking discipline and seeking to understand the unknowns. I share that the power of accountability in owning your business and ensuring it doesn't own you.