For most small and medium-sized enterprises (SMEs), governance is something far away. In other words, measures of good governance are not yet part of daily practice. Particularly explosive growth and/or external demands, for example from an external financier, have changed this to date. Especially to make the likelihood and impact of risks manageable. Oddly enough, because fundamentally every entrepreneur wants to be successful and certainly not fail. Thus, corporate governance aimed at SMEs is actually relevant for every entrepreneur: it is about having control over realizing entrepreneurial ambition. And there's quite a lot involved. Therefore, we will be paying ample attention to this unexplored area in the world of the entrepreneur in the coming period.
Today, Route ICR shares the twelfth article from the series 'How to practically implement SME governance'.
Finding the Right Balance Between Work and Personal Life Requires Entrepreneurial Professionalism
Amsterdam, December 15, 2021 - Entrepreneurship is simple. But the hardest part is to make entrepreneurship simple. But why is that? Let's discuss this in the coming period. And also explore how this problem can be solved. Today, Route ICR shares the twelfth article in the series 'How to practically implement SME governance'.
Research shows that many entrepreneurs worry about finding the right balance between work and personal life. This is not surprising. As an entrepreneur, if you're not careful, you're always busy with your business. And that might not be such a problem, as long as you stay relaxed about it. However, when you experience stress, and even lose sleep over it, it becomes a problem. And this happens quite often. It is often overlooked that professionalism is necessary to find the right balance between work and personal life.
Ambitious Entrepreneur Masters the Craft
Just like other professionals, the professional behind the entrepreneur also determines how work can be best executed. However, many ambitious entrepreneurs do not fully realize that entrepreneurship is a real profession. This means they are not only professionals in the specialty they master and for which they have started their business. But also in terms of organizational aspects. Managing and controlling to achieve your goals.
Professionalism Requires Discipline
Of course, if you want to be a good professional on the organizational level, you need to have the right knowledge. And you will need to acquire specific skills that are required of you. Professionalism also demands discipline. The discipline to deeply and persistently master something, even in times when it's difficult or you don't feel like it. You focus on practicing the craft of entrepreneurship as well as possible. In doing so, you also recognize the limits of your own capabilities. For everything beyond that, you bring in the right help. “May your choices reflect your hopes, not your fears." [Nelson Mandela]
Delegating is Part of Professional Conduct
Therefore, you must learn to delegate. Even if there's fear that others will not perform at the right level. Perfectionism should never be a reason for not delegating. Because it is especially true for ambitious entrepreneurs that they cannot achieve their goals without the involvement of a team of employees. Make sure you have the right knowledge and skills to guide your team in the right direction. Use your professionalism to develop a highly intuitive team. This helps you find the right balance between work and personal life. Again, an important advantage of 'implementing SME governance in practice'.
