25% of business owners log over 60 hours per week: the grind and mindset
Talk to any business owner and you will notice many common threads. Entrepreneurs who prefer to learn by trial and error - and by getting their hands dirty. Entrepreneur Magazine suggests that 25% of all business owners log over 60 hours of work a week.
Yet, in the ever-evolving landscape of business, the wisdom lies in selectively embracing external insights while preserving the hard-won expertise.
Who are you?
>> The Trailblazing Mindset
For these individuals, the learning curve wasn’t scripted within the walls of prestigious institutions. Instead, it was etched through trial and error, a hands-on approach that sculpted their expertise. This mindset of rolling up sleeves embodies the essence of entrepreneurial spirit—a relentless pursuit of mastering their domain through practical application.
>> Mastery and Skepticism
Their commitment to becoming masters of their trade naturally breeds skepticism
towards external advice. Years of hard work and dedication have forged an expertise that they guard. It’s a protective shield against well-meaning suggestions that may threaten the integrity of their passion. Their reluctance isn’t rooted in arrogance but in the reverence for the knowledge they’ve painstakingly acquired.
>> The Perpetual Grind
Entrepreneurship isn’t a nine-to-five endeavour—it’s a lifestyle. Entrepreneur magazine suggests that a staggering 25% of business owners invest over 60 hours per week into
their ventures. Amidst the hustle, finding moments to pause and consider external perspectives becomes a rare luxury.
>> The Need for Strategic Collaboration
Amidst the busyness of the business owner journey lies the importance of strategic
collaboration. While skepticism towards outside advice is understandable, fostering a balance between autonomy and strategic partnerships is crucial. Seeking advice from experts, networks and consultants doesn’t undermine expertise but complement hard earned knowledge with fresh insights and perspectives.
>> Navigating Growth while Preserving Expertise
So how can business owners navigate the delicate balance? It starts with selective
openness. Identifying areas where external advice can enhance, rather than challenge expertise is key. Networking within targeted circles, seeking mentorship or exploring specialised expertise can infuse any business owner’s journey with external perspectives without compromising the vision!
Michael Denehey, Business Coach
Freedom = Giving Gold
Michael loves the company of family, friends, work mates and clients. Weekends are spent with family — watching his boys play sport and enjoying life. He’s played table tennis and cricket at the top level locally, and these days spends plenty of time on a bike and at the gym.
Michael works as a business coach for our clients, as well as growing our business in the SME advisor sector.
Bachelor of Commerce, CA, LinkedIn
