Is this what business ownership ends up being?

The Hidden Struggles of Business Ownership: My Journey to Contentment

When people think about owning a business, they often envision freedom, success, and the fruits of their labor. However, my personal journey reveals a reality that doesn’t always align with that rosy picture.

I embarked on my business journey in 2008, fueled by passion and determination. However, just a year later, the economic downturn took a toll on my life—I lost my home. Yet, I persevered, refusing to let adversity break my spirit. By 2014, I finally began to see the fruits of my labor. With several key hires, a talented team emerged, many of whom are still with me today. After years of hard work, we reached impressive annual revenues of about $9 to $10 million. Yet, since 2018, the growth of the business plateaued. I chose to focus on maintaining healthy profit margins rather than pursuing aggressive expansion, as the demands of the business were already weighing heavily on me.

Owning a sales-driven business requires a unique blend of skill and resilience. For the first 15 years, I managed not only the sales aspect but also ran our facility and wore many other hats. Fortunately, I now have a dedicated head of sales who is excelling in her role. However, numerous clients still prefer to communicate with me directly, which often leads to exhausting 3-hour daily phone marathons that leave me mentally drained.

While our margins hover between 15-20%, the business is financially healthy—providing me with a comfortable income and ensuring my employees enjoy lucrative compensation packages. So, one might wonder why I still struggle with feelings of discontent.

The Honest Reality of My Business Life

Despite the outward success, I find myself grappling with profound dissatisfaction. I often go to great lengths to avoid the barrage of phone calls that daily flood my schedule. Sometimes, I even switch on my out-of-office replies while physically being present in the office, searching for escape from those 15-minute conversations that seem to circle back to nowhere. Ironically, I once thrived amid the chaos and pressure of nearly teetering on bankruptcy, putting in 60-70 hour workweeks to secure business deals. Back then, my role was primarily technical, a focus that brought me joy and fulfillment.

Now, I’ve come to realize that I may have misjudged my social inclinations. Though I never regarded myself as introverted, the challenge of building relationships was once driven by necessity. However, with business growth plateauing, the motivation to invest my social energy has diminished. Adding to my frustration, I hear complaints from inexperienced employees—those who came on board during my toughest times—about their compensation, despite earning over $150,000 annually, enjoying company cars and fully funded healthcare.

This disconnect leaves me questioning my path. I’ve eliminated my debts, built a solid savings account, and possess assets that could easily provide the financial freedom to leave it all behind. I find myself at a crossroads—pondering whether I’ll chase after the next big deal or simply sail off into the sunset, leaving the business world behind.

Conclusion: A Call for Reflection

In sharing this story, I hope to shed light on the complexities of entrepreneurship. It’s essential to recognize that success is not solely measured by financial gains or impressive revenue figures. For many business owners, the increasingly heavy burdens of responsibility, coupled with the struggle for personal fulfillment, can often overshadow material success. If you’re walking a similar path, know that you’re not alone, and there’s value in pausing to reflect on what truly matters.

1 Comment

  1. First, I want to commend you for your honesty and for sharing what many entrepreneurs feel but rarely express. It’s clear that you’ve been through a transformative journey, navigating both the highs and lows of business ownership, and now you find yourself at a crossroads where you’re questioning the meaning of it all. This is not uncommon among successful entrepreneurs.

    Understanding the Emotional Toll of Business Ownership

    Business ownership can become an emotional rollercoaster. Initially, there’s a thrill associated with building something from the ground up—a sense of purpose, autonomy, and accomplishment. However, as your business matures, the nature of your responsibilities can shift dramatically. The joy derived from creation can become overshadowed by pressures of management, customer demands, and the weight of expectation, both from yourself and others.

    You’ve hit a plateau where the original excitement is now clouded by fatigue and frustration. This is not just a personal sentiment; it’s a phenomenon often described by entrepreneurs as “founder fatigue” or “business burnout.” You are not alone in feeling overwhelmed by the demands of your role, especially when it comes to maintaining personal connections in a sales-driven environment.

    Reassessing Value and Satisfaction

    It’s important to periodically reassess what brings you joy and fulfillment. The tendency to focus solely on metrics like gross revenue or employee compensation can obscure the emotional landscape of business ownership. Ask yourself:

    • What aspects of your work still bring you joy? Is it still the engineering side of things, or has that changed?

    • What do you envision for the next chapter of your career? What will happiness look like in your work life going forward?

    • Are your personal values still aligned with the ethos of your business? Sometimes, stepping back and reevaluating both personal and business values can lead to a refreshing perspective.

    Practical Advice for Navigating Your Business Landscape

    1. Delegate and Automate: While you already have a head of sales, consider further delegation of responsibilities. Is there a way to automate some aspects of client communication? Tools like CRM systems can help streamline communication and lessen your load.

    2. Implement Boundaries: It’s crucial to set personal boundaries to avoid burnout. Limit the hours spent on calls or schedule “no meeting” days to focus on high-value tasks or even personal development.

    3. Engage Your Team: Create a culture of open feedback where employees can voice their concerns in a structured way. This could alleviate some of the burdens you feel when they bring issues to you individually.

    4. Seek Professional Guidance: Sometimes an external perspective can provide clarity. Whether it’s a business coach or a mentor, having someone to help you sort through your feelings and strategize next steps can be incredibly valuable.

    5. Consider an Exit Strategy or Transition Plan: If you’re thinking about sailing off into the sunset, outline what this looks like. Whether it’s selling the business, transitioning into a different role where you can focus on engineering, or winding down, having a clear exit strategy can alleviate some stress and provide you with a long-term goal.

    6. Focus on Wellbeing: Incorporate practices that enhance your mental health—exercise, hobbies, and even mindfulness practices can significantly improve overall outlook and reduce feelings of stagnation.

    The Bigger Picture

    Recognize that the feelings you’re experiencing are valid and reflect a desire for a better work-life alignment. Your business journey, complete with its ups and downs, doesn’t have to define your current happiness. You’ve built something substantial, and it can continue to thrive, but it’s essential you put your well-being first.

    Don’t hesitate to explore new paths or approaches in your business journey. While the success you’ve achieved is commendable, the ultimate goal should center around personal fulfillment, health, and a sustainable work-life balance. Remember, sometimes the best route to happiness is not scaling higher, but rather redefining what success means to you.

Leave a Comment