Staying Motivated As a Business Owner

Tuesday, May 22, 2018

Being a business owner can be overwhelming. Between trying to find your work/life balance, keeping your business afloat, and encouraging your employees to achieve more goals, you end up with little to no energy to maintain motivation. But, don't despair. These practices will give you the push you need.

Find a Business Hero

Do you have a business hero? Think about that one person that you look up to, business-wise. It doesn’t have to be someone within the franchise industry, it could be anyone. Think about three or five entrepreneurs you admire.

Once you find those entrepreneurs, follow their work and read their biographies. When you read inspiring stories you are instantly motivated to reach your goals.

A business hero can be a source of great motivation. When you start reading about how others got where they are, you get to understand success doesn't happen overnight. Perhaps, reading through their stories will motivate you to keep going.

Set New Goals

Even though you’ve conquered your biggest goal to date -- opening your own business -- that doesn’t mean you can't set new goals. Write down short- and long-term goals to keep you motivated. Working towards a common goal, will motivate you to achieve those goals.

You already have that entrepreneurial spirit in you; setting bigger goals for yourself will push you to work harder and smarter to achieve these new goals.

Take a Break

Your lack of motivation might be because you’re tired. Running your own business can take a toll on your motivation levels. If you feel being a small business owner is getting the best of you, and you’re starting to feel burned out, it might be time to take a break.

A break doesn’t mean you have to quit your job.

A break can be a weekend off, a day for yourself, or even attending a business conference. Choose an activity you truly enjoy and take a break from the everyday hustle. Taking some time off will give you an opportunity to rest, get new ideas, and spark up your creative juices. Vacations are said to help boost creativity and production, so use them to continue to grow as a franchise business owner.

Give Yourself Some Credit

Of course, within your franchise business you have the support of your staff, but you’re still the leader. Give yourself some credit for your hard work. Congratulate yourself as you would your employees. Believe it or not, a conscious pat on the back can help you stay motivated as a leader.

You work hard, and your business success is proof of that. Give yourself credit for what you have accomplished. Treat yourself to a fancy dinner, send yourself a congratulations letter, or you could just get that new computer you've been wanting for a while. You deserve it.

To stay motivated as a franchise business owner you need to have strategic goals, constant business inspiration, and the spirit to keep growing as a leader.