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5 Useful Motivation Tips for Solopreneurs
Episode 2222nd June 2024 • I Hate Numbers: Business Improvement and Performance • I Hate Numbers
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5 Useful Motivation Tips for Solopreneurs that are essential to keep you going when working for yourself. Initially, being your own boss sounds great. However, many solopreneurs discover that giving up their day job is not as glamorous as it seems. Loneliness and a lack of motivation will eventually creep in, and you may even miss your 9-to-5 job more than you thought possible. Nevertheless, remember that you went into business for yourself for a reason. Although motivation can be lost, it can also be regained.

Make Your Business Adapt to Your Lifestyle

Firstly, align your business with your lifestyle to boost your overall satisfaction and motivation. Freedom is often the top reason solopreneurs leave the corporate world. For example, adjust your working schedule to accommodate personal activities, like socializing with friends or going to the gym. Therefore, integrating your business with your lifestyle will help you stay motivated.

Find a Co-working Space

Secondly, consider finding a co-working space. Working from home sounds fantastic, but being alone can be very lonely. Consequently, co-working spaces offer a social interaction that is often missing when working from home. Additionally, they provide networking opportunities and access to valuable events and workshops. Thus, a co-working space can significantly enhance your motivation.

Find a Support Network

Furthermore, having a support network is crucial. Co-working spaces are great for meeting fellow entrepreneurs who can empathize with your journey. Moreover, mastermind groups offer peer-to-peer mentoring, helping you stay accountable and motivated. Equally important, these networks provide insights and advice that can be invaluable.

Balance Your Workload

Balancing your workload is vital. Studies show that small business owners often work longer hours than the average worker. Therefore, set reasonable work hours and think of yourself as an employee of your own business. Consequently, avoiding burnout will keep your motivation high. Remember, your journey is a marathon, not a sprint.

Reward Yourself

Finally, rewarding yourself is an effective motivation strategy. Set small, achievable goals and attach rewards to them. For instance, take a break, enjoy a snack, or go for a walk once you accomplish a task. Hence, these small rewards can keep you motivated during long-term projects.

Conclusion

In conclusion, staying motivated as a solopreneur involves enjoying the journey and remembering why you started your business. Balance work and life to sustain your motivation. We hope these 5 useful motivation tips for solopreneurs help you on your journey. Additionally, don't forget to check out the upcoming launch of the Numbers Know How business community, supported by I Hate Numbers. This community will offer valuable resources and support for your business. Listen to the I Hate Numbers podcast for more tips and insights to help you stay motivated and succeed in your business.

 

 



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Transcripts

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Working for yourself, being your own boss sounds great in the beginning, but like many solopreneurs, many sole traders, you soon discover that giving up the day job is not as glamorous as it seems. Loneliness and a lack of motivation will eventually creep in, and you may even find yourself thinking how you miss your nine-to-five job more than you thought would be possible.

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However, if you think on that, you know that you went into business by yourself for a reason or a bunch of reasons, but somewhere along the way, motivation is lost, but that motivation can soon be found again. It's really important to mentally prepare yourself for those bumps in the road, of which there will be many, and understand how to motivate yourself to keep going even when it seems bleak, even when the going gets tough.

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In this week's I Hate Numbers podcast I'm going to share five tips on how you can stay motivated as a solopreneur, let's crack off.

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You are listening to the I Hate Numbers Podcast with Mahmood Reza. The I Hate Numbers podcast mission is to help your business survive and thrive by you better understanding and connecting with your numbers. Number love and care is what it's about. Tune in every week. Now, here's your host, Mahmood Reza.

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Number one: Make your business adapt and fit to your lifestyle. Now, freedom is often quoted as one of the top reasons solopreneurs leave the corporate world and go into the business by themselves. I remember that one of the primary reasons that I wanted to work for myself over 30 years ago was to be more in control, more in charge of my own destiny.

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Now, being in business by yourself, entrepreneurship offers you that chance to fit work around your lifestyle, not the other way around. Therefore, the key to staying motivated is actually putting this into practice. What we think and how we behave are two separate things. Now, more particularly during the start-up phase of your business, you may feel as though you need to dedicate every single waking hour to your budding enterprise.

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But is that really the reason that you started out on your own? Aligning your business with your lifestyle will boost your overall satisfaction and give you that motivation that you need to carry on and keep on working and make the schedule work for you. For example, if you like having those time spent with your friends, that happy hour,

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adjust your working schedule so your days start and finish early, and there's going to be time left over for socialising afterwards. If you're a keen fitness fan, then take advantage of your flexible hours and go to the gym at a time that suits you - perhaps midday, early morning, late afternoon. Go when it's more likely to be quiet.

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It doesn't mean you should abandon those things that you enjoy, make them flexible and adapt your life and business together. Now, these are just a couple of examples. So take some time out, think about the ways that you can balance your business to map and join up with your interests. Tip number two: find a co-working space.

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Now, being able to work from your home, the comfort of your home has its upsides, and it sounds fantastic, but being on your own, not seeing anybody all day, perhaps daytime TV to keep you company, can be very lonely. I remember those days when I started my own business for my back bedroom. Those days can be quite isolating.

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You know, you don't have that social interaction that you're used to in a workplace. You also run the risk of going stir-crazy. And also, if you've got family members at home, you know, that peace and quiet that you might strive for is not going to be present. It's going to be difficult to focus, difficult to concentrate.

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Check out your locality. Is there a co-working space near you? Can you hot desk somewhere? You may be able to find a space where you can meet like-minded individuals and work in a relaxed but focused environment. Co-working spaces, also, will run lots of useful events like workshops and seminars, which can help you learn new skills and develop your ideas.

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What's tip number three? Well, tip number three is about finding a support network. One of the biggest advantages of co-working spaces is the opportunity and chance to meet and learn from your fellow business people. They can empathise with you, understand what you're going through, that most of your friends and family probably can't.

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They also can give you that well-meaning boost when you need it. Plus, they'd be able to offer valuable insights and advice to help you through your problems. Now, folks, while we're talking about support networks, please do check out the show notes at the end and Numbers Knowhow, our sister company, is launching with the support of I Hate Numbers, a fantastic business community packed with resources to help you and your business - handy resources,

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training opportunities, and the like. Enough of that. Let's crack on with a podcast. Now, obviously, co-working isn't the only way you're going to meet other entrepreneurs, other business people. There are mastermind groups, they're very popular. Please do exercise your due diligence before you embrace one. A mastermind, if it's well structured, is a peer-to-peer mentoring group where you can find inspiration, bounce those ideas around, and enjoy the support and advice of fellow entrepreneurs.

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Now, participating in this type of group activity also helps keep you accountable, which is essential when that motivation dial is going into red. Tip number four: balance your workload. Now, balancing your workload is easier said than done, but it's a vital part of staying motivated. Now, studies have been carried out showing that small business owners tend to work longer hours than the average worker.

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In the United Kingdom, companies can't force their employees to work any longer than the contracted 47.5, 48 hours per week, but there are no such constraints on us being in business on our own account. However, I always advise clients of mine, think of yourself as an employee of your own business and, therefore, make sure you have a relationship that would be that of a good employer.

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Set yourself a time limit to make sure you don't stay beyond those hours that you're working. You're certainly going to put in more than other employees, but you want to stay productive and you want to keep your sanity. Now, it may take time to get it right at first, but make those small modifications, those adjustments, and find out what's going to work for you.

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If you put too many hours in, if you work too hard, you'll burn out, you'll lose that motivation and you won't progress, and you'll probably end up getting bored and resentful of your business. Now don't lose sight of those long-term goals you have set yourself. Remember, your journey is a marathon, not a sprint.

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And what's the last tip I'm going to share with you? Well, that last tip is rewarding yourself. Instant gratification is undoubtedly more motivating than slogging towards a long-term goal. The problem is that entrepreneurship, being in business, is all about the bigger picture. And it may be some time before you reap the financial rewards and others of all the hard work you're investing and you're putting into your business now.

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Now, one of the easiest ways around this is: set yourself smaller goals. Set yourself those achievable things in a shorter time frame and attach rewards to each one. That reward-effort relationship is a powerful way to power forward. For example, if you're finding it difficult to work that eight-hour day, motivate yourself, break it down into smaller steps, that if you accomplish certain things by a certain time, then you're going to reward yourself with a walk, a favorite snack, perhaps the gym is something that takes your fancy, scrolling through videos, social media, looking at lots of lovely videos of cats might be the treat you give yourself for putting in the effort.

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Obviously, you can set yourself bigger bonuses, more extravagant things when you achieve larger milestones. Now, what can we say in conclusion, folks? Well, in summary, the key to staying motivated as somebody on their own account, as a solopreneur, a self-employed individual, is to enjoy the journey. And remember, you've got to have fun along the way and remind yourself the reasons you went into business in the first place. Self-discipline is crucial, but you can't sustain a punishing schedule for too long before you start

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to suffer from that. That may sound a cliche, but finding that work-life balance is truly the secret sauce for success. Folks, I hope you found this podcast useful. If you got some tips to share, I'd love to know what your tips are for staying motivated. Remember to check out the link for the waiting list for the Numbers

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Knowhow community. The launch is coming, and it is going to prove to be a wonderful resource to have in your business. Until next week, folks, keep that motivation going. We hope you enjoyed this episode and appreciate you taking the time to listen to the show. We hope you got some value. If you did, then we'd love it if you shared the episode.

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We look forward to you joining us next week for another I Hate Numbers episode.

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