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by mattmaroon
6380 days ago
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That's so wrong in every way. A proper work-life balance makes you more effective at both. Hours worked is shown very strongly in studies to follow the law of diminishing returns, to the point of even turning negative. If you're sacrificing friendships and family, you're not doing it right. And not only that, even if you succeed you'll end up wishing you didn't. I've seen this happen. For every Mark Cuban there are 1,000 entrepreneurs who succeed without working 90 hours a week. |
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FWIW, none of the startup founders I know have much in the way of work/life balance, at least for the first 5 years or so of the company's life. It was not uncommon for them to work 12 hour days, 7 days a week, and take their first vacation when the company was about 4 years old. This doesn't mean it was a daily grind - just that their life became the company, and that's what they wanted to be working on even when they weren't officially at work.
Edit: I should make a distinction here between startups (organizations that are intended to grow really fast) and small businesses. I know several small business owners with good work/life balance: you kinda need it, since a small business is a long haul that'll consume you if you don't have some other sort of life. I don't know any startup founders with a life, during the startup phase.
Know what sort of business you want and be honest up-front with family, friends, investors, employees, and yourself. You aren't going to get rich in 4 years with a small business. But you can make a good living for yourself, sacrificing less of your personal life, with significantly less risk. If you're going to shoot for the moon, figure out what it would take to prove that you're aiming right, and bail out before you sacrifice too much if you're not.