3. Decide what kind of lifestyle you want: The point of business success is to live life on your own terms. So decide up front what those terms are for you. I co-own a restaurant, and although Iâ€™m there almost every day and then spend afternoons and evenings writing and working on other business projects, I am very clear about the fact that I am willing to work this way for a defined period of time.Â So, I know my businesses have to run on systems and produce a certain amount of profits so that within my prescribed time frame I can transition into other opportunities or work fewer hours and focus more on family.Â I am building my businesses around my life, by design.Â You must do the same.Â I have a friend who is an international tax attorney and she enjoys working so much that besides exercising she spends most of her time working.Â We have different visions for what our lives should look like in the next two years.
Whether single, in a relationship or part of a family unit, you should talk through, visualize and write down the lifestyle you want to create and build your business to facilitate that.
Felicia Joy is a nationally recognized entrepreneur who created $50 million in value for the various organizations and companies she served in corporate America before launching her business enterprise. She is the author of Hybrid Entrepreneurship:
How the Middle Class Can Beat the Slow Economy, Earn Extra Income and Reclaim
the American Dream and is often called on to discuss the ins and outs of entrepreneurial success. She is a regular contributor on CNN and has also appeared on FOX, CBS, ABC and NBC affiliates and in other national press. Felicia operates Ms. CEO Inc., creator of the popular Ms. CEO t-shirtâ€”her company inspires women entrepreneurs to be savvy,
profitable and bold.Â She also operates Joy Group International, a publishing, consulting and business development firm. Follow her at www.twitter.com/feliciajoy.