Fiona, author of a book called Company of One, discusses the importance of aligning your business with your lifestyle, goals, and values. She highlights the significance of work-life balance, personal time, and self-reflection in building a successful business.
Question the conventional notion of always needing to scale up and prioritize building a business that aligns with your values and lifestyle.
Determine your 'thrive number' and create a business that supports your personal goals and well-being, instead of solely focusing on external pressures for growth and financial success.
Deep dives
Focus on Creating a Business That Aligns with Your Values
In this podcast episode, the host emphasizes the importance of building a business that aligns with your values and beliefs. Rather than constantly striving for growth and expansion, the episode encourages listeners to question whether bigger is always better. The book 'Company of One' by Paul Jarvis is recommended as a valuable resource that challenges the conventional notion of always needing to scale up. The podcast highlights the significance of defining your own measure of success and creating a business that allows you to have the lifestyle you desire.
Define Your 'Thrive Number' and Prioritize Your Goals
The episode stresses the importance of understanding your financial needs and determining your 'thrive number' - the amount of income required to feel comfortable and successful. It suggests exploring your personal goals and aspirations to guide your business decisions, rather than simply following external pressures for growth and financial success. The host shares her own experience of finding balance in her business, working reduced hours during the year and taking time off when desired. The episode affirms that business growth should align with your individual goals, allowing you to prioritize your well-being and quality of life.
Embrace Agency and Challenge Conventional Notions of Success
The podcast highlights the significance of embracing agency and questioning societal expectations of business growth. It emphasizes that as small business owners, individuals have the power to shape their own lives and businesses based on their unique aspirations. The episode encourages listeners to define their own version of success, whether it be financial abundance, more leisure time, or other personal achievements. By reframing the traditional narrative of constant expansion, individuals can create businesses that align with their values and support the lives they want to lead.
In this episode, Fiona shares a book called Company of One. She also discusses its importance in business growth, personal lifestyle, and financial goals. Tune in!
You'll Learn How To:
The recurring theme of continuous growth in the business world.
The importance of defining one's financial goals
Balancing business growth with personal preferences and lifestyle choices
Reflecting on the motivations behind business decisions
Get started on a more successful and sustainable small business with our range of free tools atmydailybusiness.com/freestuff
Get started on a more successful and sustainable small business with our range of free tools atmydailybusiness.com/freestuff
Want to know more about AI and how to harness it for your small businesS? Join our new monthly AI chat for small business owners. You can join anytime at www.mydailybusiness.com/AIchat Try out my fave AI tool, Poppy AI here and use discount code FIONA.
Ever wanted to write your own book and build your brand authority or start your own podcast to connect with and grow your audience? Check out our How to Start a Podcast Course or How to Get Your Book Published Course at our courses page.