If you ask most online entrepreneurs what they want to get out of their business, they’ll instinctively mention something financial: “I want to make $1 million by my 30th birthday.” Fair enough. Most of us grew up hearing stories about self-made millionaires, so money often pops into our mind when asked about the definition of success. but here So too much for life.
When a business owner talks about money as a goal, they rarely consider the toll it can take on their lives. If reaching a financial end would cost the relationships of the people you love because you didn’t have enough time to spend with them, was it really worth it?
The truth is that there is more to life than money. A lot of business owners get carried away with the fact that there are four other areas of need that define success in life, not just business. Once you understand these four areas, you can set goals that go beyond the short-sighted goal of net financial gain. After all, it’s your life we’re talking about. Money is a part of that.
When is enough… that’s it?
We can get this out of the way first: Yes, earning money matters. Your business needs to generate enough revenue so that money doesn’t dictate your choices in life. Ask yourself what is possible once your business is successful to the point where money doesn’t limit your life choices as much as it can today.
Here’s the trick for striking the right balance between financial independence and having a healthy relationship with other aspects of your life. Find a way to make this yin and yang work for you, so you know when working hard enough is enough. Earning $1 million may be great, but if you feel good mentally, physically, spiritually and emotionally, it’s $100,000.
Non-Financial Factor #1: Mental Health
You are nothing without your mental health; pure and simple. Sure, in today’s moving society, stress, anxiety, and depression run rampant from sea to sea, especially in the minds of business owners. The decisions we make on a daily basis have a heavy weight. Only the livelihood of our families can be at stake.
If your business succeeds or is already successful, think about how it can satisfy your mental health. Are you able to relax after a long, hard day? Can you let the stress of your business work around the family dinner table at night?
If you become so successful that you no longer need to be present in your business, deeper questions may arise. For example, how do you continue to acquire knowledge? What kinds of daily rituals and behaviors do you participate in?
Maintain mental health now, give your business an optimal chance to succeed, and later, allow yourself the freedom of mental space from achieving your goals.
Non-financial factor #2: physical health
If you don’t make it to the couch all day, covered in cookie crumbs, surviving on ramen noodles for the fifth night in a row, what becomes possible for your physical health? Another surprising factor in life to enjoy when your business is successful is the fact that cookie crumbs can become creme brlée and ramen noodles can become pasta primevera in a five-star restaurant instead of in your cramped and messy living room. Huh.
Running a successful business must also mean that you have the time to eat right, exercise, and sleep well. This may not seem possible in the early days of business when you are still figuring out how to balance your time while growing the customer base, but it is important to get there as early as possible. After all, running a business from your home is hard enough, try running it from a hospital bed.
“Success is not just money in the bank but a satisfied heart and peace of mind.” – sara brethnacho
Non-Financial Factor #3: Spirituality
Many online entrepreneurs are abstract thinkers, which means we tend to think in terms of the bigger picture, which easily translates into a spiritual nature. Most of us feel the need or at least a desire to connect with something greater than ourselves.
Once your online business becomes successful, how does it affect your spirituality? Do you have more time to look within yourself and think deeply about your purpose in life? Are you able to meditate and/or pray as often as you want? Can you temporarily shut off the outside world and take advantage of your creativity?
A healthy spiritual side can be a wonderful byproduct of a successful business. Once it’s operational and you have an established customer base, be sure to dedicate just fifteen minutes per day to meeting your spiritual needs, and you’ll find a deeper level of fulfillment in life that no matter what financial situation cannot satisfy.
Non-Financial Factor #4: Emotional Needs
A big part of running a successful online business is emotional resilience and being able to roll with the punches. What becomes emotionally possible for you when your business is creating the life you want?
If finding a significant other to share your life with is important to you, make sure you dedicate a fair amount of time to finding and nurturing that relationship. Put the hours necessary for your business to meet your financial needs, but always keep enough energy in the tank to enjoy life with that special someone. This becomes even more important if you have children.
more than money
The next time someone asks you what you hope to achieve with your online business, think a little deeper. You can have a dollar number set aside as a target. That’s fine, but move on from it. There are other factors to consider. Think about how you want to feel mentally and physically, how satisfying your soul can be, and if you want enough energy for your family or an emotionally satisfying aspect of your life.
Instead of just saying, “I want to make $1 million by age 30,” perhaps say something like “I want to make enough money not to be financially stressed. I live a life of constant learning four days a week.” I want enough time to work out. Someday, I want a family to share my success with, and I hope to find lots of answers to my connection to others and the world around me .
Sure, that answer is a little longer and more thorough, but once you’ve got it, write it down, keep it in a safe place, and refer to it whenever you need guidance in your online business.