Business Ownership Skills and How They Apply to All of Life

There are few professions that take as wide a variety of skills and abilities as running your own business. Entrepreneurs are constantly transitioning between marketing, sales, financial analysis, strategizing, quality testing — all while dreaming up their company’s next big move. These skills empower you to make the most of your business, but they also apply to nearly every aspect of your life.

Here at Lindsey Out Loud, we’re dedicated to helping business owners reach their goals. Often, your professional and personal goals are so closely intertwined that it’s worthwhile to address both. Here’s a look at some of the most valuable skills you’ve built as a business owner and how you can apply them to other aspects of your life:

Delegation and Outsourcing

As mentioned, business owners wear many hats, but one of the most important skills you can learn in your business journey is when you really ought to pass a hat on to someone else. Sometimes this comes down to recognizing that you don’t have the skillset you’ll need to complete a project or reach a goal. Other times, this has more to do with conserving your energy for the more important or complicated tasks you need to accomplish. Either way, this ability gives you serious power across your personal and professional lives.

Just like you might hire a pro to knock out QA services for your company, you may need to outsource some work at home. That might mean hiring a nanny to help manage childcare, asking a partner or roommate to take on more of the housework, getting a friend to help with a reorganization project — any act where you see that you need help and ask for it is a valuable application of your delegation skills.

Setting and Reaching Goals

Most entrepreneurs are familiar with the idea of “SMART” goals — goals that are specific, measurable, achievable, relevant, and time-based — and how that goal-setting method can drive success. Even if you don’t use this specific framework, you likely have a ton of experience figuring out what you want, planning how to get there, and making it happen.

Of course, we spend much of our personal lives setting and working towards goals as well. Running a business helps you to see how much of the work of actually reaching goals ultimately comes down to committing to working toward them each and every day. A philosophy of disciplined dedication can launch personal goals such as improved health, stronger relationships, financial milestones, and more into a far more achievable orbit.

Out-of-the-Box Thinking

Finally, a business skill that will serve you extremely well in your personal life is out-of-the-box thinking. Running a successful company is all about figuring out how to look at a problem and come up with a solution that puts you ahead of your competitors. It requires a strong sense of creativity and the nerve to try things no one has before.

Creativity and bravery come in handy no matter what you’re trying to achieve. For example, if you want to revamp your home’s aesthetic, odds are you’re not going to be satisfied by just imitating the looks you find on Pinterest. Turning your home into a space designed for you means using those ideas as a jumping-off point and taking them in fun and interesting directions. Approaching your whole life with out-of-the-box thinking empowers you to take on the projects and passions that make sense for you and leave the things that don’t inspire you behind.

Running a business doesn’t just help you build skills: It empowers you to apply those skills to every aspect of your life. This journey gives you a chance to prove to yourself that you’re capable of so much more than you may have imagined. Bring that energy to your personal life, as well, and who knows what you might achieve.

Are you looking for an ally who can help you reach your professional branding goals by building and designing a beautiful website that converts? Contact Lindsey Out Loud today!

Thank you to Amy Collett at bizwell.org for helping with this article!

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