3% of all business owners make 84% of all private biz income. Why? They’re not covering for unknown weaknesseses.
3% of all business owners make 84% of all private biz income. Why? They’re not covering for unknown weaknesseses.
This article was published on December 09, 2011. So far, 4 people have left their thoughts. Share your own thoughts.
Do what you love and you’ll never work a day in your life? Wrong – do what you love and you’ll be on the treadmill the rest of your life. There’s a better way.
People who passionately love what they do are supposed to be the most successful and the happiest. It makes sense, except I have trouble finding the happy and successful ones.
The are plenty of people who do what they love. I think most business owners start their business with this statement: "Wouldn’t it be great if I could just make money doing…[fill in the blank]. Violin makers, doctors, plumbers, dancers, designers, lawyers – there are people in just about every vocation that are doing it because they couldn’t see themselves doing anything else.
But more often than not, these passionate people are less likely to be successful or happy in their chosen careers than their more utilitarian counterparts in the same vocation. Why?
Endless Love
People who love what they do have the most serious issues with control, lack of vision, and other big picture issues. When we love what we do so much, we’re pretty sure:
- there is no one else who can do it better
- it will be too hard to train someone else to do it
- my customers need ME
- I find my self-worth in being needed (co-dependent)
- I tried employees and they suck
- I don’t have the money to get anyone else involved
- Once I have enough money, I’ll hire someone
- I can’t seem to make enough money to hire someone
- etc., etc., blah, blah, blah.
Excuses, Reasons and Priorities
Mrs. Fields found someone else who could make cookies. Charles Schwab found somebody else who could trade stocks. A dog walking company went from $0.00 to $10 million a year in just two years without the founder ever walking a dog.
People who love what they do tend to be the main producer, if not the sole producer in their business. If you are that necessary to production, you will be on the treadmill the rest of your life. The producer-owner doesn’t really get to go on vacation, even if they physically leave for a week or two – the business follows them.
The producer-owner has the weight of the world on their shoulders. It’s all up to them. And they can’t think of a way to get off this treadmill.
There really aren’t any reasons not to get off the treadmill. There aren’t even excuses. As my mother used to say, “Chuck, there aren’t any excuses, there aren’t even reasons, there are just priorities.”
If you can’t think of a way to get off the treadmill, it’s because it’s not important enough for you to get off. I don’t intend to be mean here, just truthful. The fact is that no matter what profession or vocation you have taken up, I could find you someone who has gotten off the treadmill and is no longer the main producer, doing exactly what you are doing.
A Thousand Ways Not to Leave Your Love
If you think about it, there are 1,000 ways to not get off the treadmill. You won’t even have to look hard to find them. And there may only be a half dozen that will actually get you off the treadmill. You only need one. If you focus on the 1,000, you’ll be buried in ways to not get a life. But if getting off the treadmill is a real priority, you will figure it out.
By the way, you don’t have to fall out of love with what you do. In fact, if you build a business that makes money when you are not around (produces revenue without you), you can do the one thing in that business that you love anytime of the day or night that you want to do it. Ironically, the people who have the most freedom to do what they love are those who were willing to get others to it for them first.
Do you think it’s impossible for you to get off the treadmill? Are you one of the thousands of business owners I’ve met over the years who have a “unique” or “special” circumstance that makes them the one exception who can’t get off the treadmill?
I’m not smart. I’m just relentless.
I take every Friday off and the last week of every month. I get to choose what to do on those days. While building my first five businesses I didn’t get this kind of freedom or anything like it. Then I made it a priority. Gee, what a surprise, I get Fridays and the fourth week off now.
As Henry Ford said, “Whether you think you can, or you think you can’t, you’re right.”
What’s your priority? You don’t have to tell anyone. It will just show up in what you do. If it’s a priority to get off the treadmill, you’ll do that. If it’s not, stop whining and pretending that it is.
“Do. Or do not. There is no try.” Yoda
You’re too busy making money; no business can survive that. Your business should give you both time and money. Not just money.
I started Crankset Group out of a desire to help small businesses in the Denver, Colorado area grow and mature. It continues to mature itself as we bring a lot of the tools and practices that I’ve created working one-on-one with business owners over the years online. Now these tools and resources are available to you.
Twitter is a great way to get ahold of me or interact with me.
I’d love to let you know what I’m up to from time-to-time.
Add Your Own
Thoughts
Ric Reifel
12/13/11
Wouldn’t it just be nice to have the freedom the average teenager has? A new life plan every 2 weeks, no concerns about losing a job, losing a friend, and being able to make your weekend plans an absolute priority…………
Ric Reifel
12/13/11
I think you are VERY fortunate being able to take every Friday off, let alone the fourth week of each month! Good for you. Gives me a new goal…….
Janet Wentum
12/24/11
I love your matter of fact voice. I thought it was nonsense all that talk about “doing what you love best” too. Unfortunately, it is taught in school to those who are in special education especially. They are praised for repeatedly doing something they aren’t good at or that they wouldn’t be able to make a living out of. :). People are permitted to live in a dream world instead of the real world of knocks. If we simply do what we love, most of us won’t clean our houses or shovel snow from the front of our houses. I may love children & teaching, but I don’t love paperwork, grading …
Charles Brass
12/30/11
Hi Chuck, It is so nice to be reading you again after 3 years working at the non-profit. I should have kept following you as I see so much of me in what you have written. Even in my job I could have been more useful (not to mention happier) in the company by replacing myself along the way and working my way out of the job. I look forward to seeing you soon at a lunch or something.
Chuck
01/01/12
Charles,
Great to hear from you and thanks for the feedback. We’re all always better off rubbing up against other people’s ideas and views of the world.
And don’t look back – as the Chinese say, “The best time to plant a tree is 20 years ago. The next best time is today.” Glad to see you planting new trees!
Chuck
01/01/12
Janet,
You’ve got it figured out. No matter what we do, there is always part of it that isn’t our wheelhouse. Successful people do that part with the same commitment and energy as the part they love, because they know doing it gets them to the fun stuff.
We’ve seen too many movies where life happened all at once. As Hemingway’s character in “The Sun Also Rises” said, failure and success happen two ways: Gradually. Then suddenly. We just want the sudden part! That’s called winning the lottery, or a miracle, and I shouldn’t depend on either one to get where I want to go.