Work/Life Balance, A Tightrope for EntrepreneursPosted: March 12, 2012
The Wall Street Journal recently quoted Victor in an article that investigates one of the toughest challenges for entrepreneurs: balancing the needs of their new businesses with health, family and personal time.
Victor W. Hwang, a small-business adviser and venture capitalist in Los Altos, Calif., says making your start-up a top priority is—at least to some extent—necessary for success. “You have to do it. You have to be willing to make huge sacrifices that a person with a normal job wouldn’t have to do,” he says.
Still, he warns that it’s also important for entrepreneurs to avoid going overboard by putting their lives or relationships with loved ones at risk. “The goal in entrepreneurship is to not get so consumed that it eats you up,” says Mr. Hwang, also author of “The Rainforest: The Secret to Building the Next Silicon Valley.”
One tip he has for keeping relationships intact while building a business is to sit down with close family and friends early on and let them know what your schedule is likely to entail.
“Make sure everyone’s expectations are clear about what it’s going to take,” he says. “You need to put everything on the table.”
How do you think entrepreneurs can strike the right balance between work and life? Give your answer in the ‘Comments’ section below and we’ll send the person with the most creative answer a shiny new copy of Victor and Greg’s groundbreaking book, The Rainforest: The Secret to Building the Next Silicon Valley.