Small Business: 6 Ways To Determine If Your Dream Is Too Costly

Letting Go

“While you never want to give up on a dream, sometimes it’s in a person’s best interest to let go of how they are trying to manifest it,” says Rev. Anthony Farmer, founder of Visions of the Heart, a spiritual life center based in Mount Rainier, Maryland.

In other words, sometimes you must walk away and wait for a different time or develop a better approach. Or, in some instances, not relaunch it at all. But how do you know when that time has come? And though it’s one thing to walk away, it’s another to manage the physical, emotional, spiritual, and financial consequences that often follow.

A price too high?
Once Grannum-Skinner’s franchise fell behind on bills, it wasn’t long before her family’s bills started going unpaid as well. “We were robbing Peter to pay Paul,” the 35-year-old admits. “It was like a snowball effect. We couldn’t seem to come out of it.”

Compromising your basic needs or those of your family may indicate that a dream has become too costly, says Tiffany D. Sanders, a licensed psychologist based in Naperville, Illinois. “If you’re neglecting your or your dependents’ physiological needs because you want this dream to come to fruition, it might not be worth it,” she warns.

Some other ways to determine if a dream is too costly:

  1. “Ask yourself, ‘how long have I been swimming upstream with this,’” says Nicole Cutts, a licensed clinical psychologist and success coach in Washington, D.C. Sure, dreams require hard work, but “if you’re struggling and working hard without making progress but instead experiencing setback after setback over a long time, then you need to consider whether you’re moving in the right direction.”
  2. Assess whether you’re utilizing all your money, time, or energy. Some entrepreneurs may work seven days a week to get a business started. But if they get no satisfaction or are neglecting other things in life with no end in sight, they may want to postpone their dream until they can access a surplus of financial or emotional resources, Sanders suggests. So if you’re constantly depleted (mentally, physically, or otherwise) while trying to accomplish your goal, the timing may not be right.
  3. Think twice if the dream causes you to compromise your morals and values, Sanders advises. “If you’re scheming or manipulating to maintain it, stop.”
  4. Check your motivation. “Fear of loss or hurting your self- image are not good reasons to hold on,” says Cutts. “If the enjoyment is all gone, ask yourself ‘Why?’”(Continued on page 4)