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The Entrepreneur’s Biggest Problem

Even if you may not consider yourself an entrepreneur, I’m willing to bet you will relate to what I’m writing about here. After decades of coaching entrepreneurs in a wide variety of industries, I think I’ve learned the single biggest problem that entrepreneurs face. I call it “Gas Pedal Mentality.” Let me explain.

If you wanted to win the Indianapolis 500, here’s what you would NOT want to do: Get in the car, wait for the flag to drop, and then just floor it. You would NOT place both feet firmly on the gas pedal and hope for the best. While this scenario may sound ridiculous, I can assure you that entrepreneurs, along with many others, use this strategy more often than you might think. Obviously, if you use a “Gas Pedal Mentality,” you’ll most certainly end up in a wreck or with a burned out engine, but that’s exactly what many entrepreneurs do. Since most entrepreneurs typically start out with an abundance of enthusiasm, drive, and energy, they just pour it on. Unfortunately, that’s not the best strategy for the long term.

Have you ever met an entrepreneur that did damage to their personal or professional life and relationships with this pedal-to-the-medal approach? Have you ever met an entrepreneur who was once successful and making progress only to completely burn out a short time later? If you’re an entrepreneur, has this happened to you?

Winning a race requires not just knowing when to hit the gas, it’s also critical to learn when to utilize the clutch as well as the brakes. In fact, it’s learning to balance accelerating with shifting and braking throughout the race to avoid both crashes and burnout that wins the race. The same holds true in life and business.

I’ve been surprised to learn that most entrepreneurs actually work too many hours. They often sacrifice other important areas of life outside of work in an effort to get ahead. Not only does this result in burnout, it can also wreck relationships with family and friends not to mention create serious health issues.

If you’re an entrepreneur and you don’t have a fun, stimulating, interesting life outside of work, you’re probably pushing on the gas pedal too hard. What you may need to do is slow down to develop some focus and balance. Undoubtedly, there are things in your business that must be done but are you doing too much? Have you learned to delegate things that you should not be doing, such as activities that are not a part of what I call your Unique Talent™? Do you know what your Unique Talent™ is and how to make the most if it?

My challenge to you is to find a professional coach who works with and understands entrepreneurs. Then focus on finding your Unique Talent™ as the first priority. Next, learn how to delegate all those things that are outside of your Unique Talent™ zone. If you think this isn’t possible, examine the world’s greatest entrepreneurs who also have happy family lives with lots of interesting and engaging friends.

Trust me, the secret is focus and balance. It’s not about going faster. It’s not about working harder. It’s about working smarter. It’s about being more strategic with each action that you take which includes knowing not only what to focus on but also what to delegate and what to stop doing completely.

Remember that success is never enough. What you want is success with fulfillment, and that requires a different strategy.

Get in touch with a coach today if you don’t have one. Here’s a tip: A great coach should ultimately not cost you a dime. A great coach should be helping you to earn more money and gain more free time. Remember, focus and balance are what lead to success with fulfillment. Replace the urge to go faster with the strategy of balancing your life and your work. This is the secret to a life’s journey that’s both more profitable and more fulfilling.