Your So-Called Life
The overachieving entrepreneur's guide to making time for a real life.
URL:
http://www.entrepreneur.com/magazine/entrepreneur/1999/march/17280.html
Many motives jump-start entrepreneurs, but romance is rarely one
of them. For Gary Schaffer, however, love was the major reason he
started On Target Mapping seven years ago in Pittsburgh. Because he
was dating a woman who lived in France at the time, Schaffer
explains, "I needed to get myself in a position that would
give me the flexibility to visit her."
Schaffer, 33, eventually married the woman, who moved to the
United States. But family ties still play a role in the business
plan of the 25-employee firm, which earns several million dollars
each year by providing telecommunications, risk assessment, routing
and scheduling data, and software solutions to telecommunications
service providers, government agencies and other businesses. The
company was recently acquired by MapInfo Corp., a worldwide
provider of business mapping solutions and spatial information
management systems based in Troy, New York. Of his early days,
Schaffer says, "My personal decisions pushed my business
decisions."
A more common scenario, however, involves juggling personal and
business commitments. Although achieving balance is essential for
the survival of both the business and the entrepreneur's
family, business owners find it's often like walking a
tightrope while being buffeted by the inevitable winds of
financial, managerial and personal stress.
"Entrepreneurship is a perspective on life, a way you
approach not only your business but your personal life as
well," observes Dan Pierce, an instructor for the
entrepreneurship program at Northern Illinois University and a
marketing instructor at the school's DeKalb campus. "It
comes down to a judgment of where your priorities are and where you
are in your life."
For example, entrepreneurs with no spouse or young children may
feel little pressure to get home "on time" or spend
weekends with the Scouts or attending ballet recitals. But while
entrepreneurs with family obligations may feel no less driven to
spend 60 hours or more each week at the office, they're often
haunted by guilt over missed vacations, baseball games and other
events. As a business owner, however, you must decide how to make
balance a reality--lest the company swallow all your time and
energy.
In 1978, when Virginia Hilbert founded Professional Technical
Development Inc. in her kitchen as a part-time enterprise, she had
four children living at home. Today, the East Lansing, Michigan,
entrepreneur acknowledges her company would have grown faster had
she not devoted so much time to her children's activities,
which included music lessons and tennis matches. "I went to
all the kids' affairs," Hilbert explains. "My
philosophy is that family comes first."
Although the company's growth was delayed until
Hilbert's family grew up and her obligations decreased, it
wasn't halted. The $5 million-plus company, which provides
computer training to large corporations and state of Michigan
employees, has moved out of Hilbert's home and has 90
employees.
Hilbert's experience is not unusual. A 1997 national survey
by KeyCorp of Cleveland, a bank-based financial services company,
discovered small-business owners were twice as likely as executives
at Fortune 1000 companies to create a business culture that blends
work and family. In fact, 92 percent of the respondents said
"encouraging a healthy balance between work and family"
is part of their corporate culture.
Achieving this goal isn't always easy, however. Only 17
percent of male and 37 percent of female business owners gave
themselves an "A" grade in striking the right
balance.
"Small-business owners realize that promoting a healthy
balance between their work and home lives is good for themselves,
their employees and their businesses," says Sandy Maltby,
vice-chair of KeyBank National Association and head of its
small-business division. The challenge is determining a comfortable
balance and striving to sustain it.
Eric Freedman teaches journalism at Michigan State University
and writes on business, public affairs and legal issues. His latest
book is What to Study: 101 Fields in a Flash (with Edward
Hoffman), published by Kaplan/Simon & Schuster.
Planning is the first step to striking a healthy balance.
It's essential to make time for social and family
events--don't just plug them in when you have a gap in your
business schedule.
Ian Parr, founder of Construction Cost Systems Inc. in Lombard,
Illinois, coached his children's soccer teams two nights each
week for seven years. Although his kids are now older, Parr, 50,
still sets aside time for travel and other personal activities
while running his 45-employee company, which provides time and cost
controls and related services for construction projects, and its
affiliate CCS/Owner Services, which provides project management and
owner's representation services. "[My principles and I]
delegate, we trust each other, and I don't believe the place
will fall apart if I'm gone," says Parr. "It's a
question of balancing priorities and not being awed by [the
challenge]. It's too easy to look away from the quality of
life."
While carrying out your plans isn't always easy, it can be
done. Larry Meyer, CEO of the Michigan Retailers Association, cites
one entrepreneur who co-owned several sporting goods stores:
"When he [and his wife] had a baby, he took a month off--even
though it was during Christmas [the busy season]. He'd planned
it with his business partner."
Want to loosen your business's lock on your time? Start by
making a commitment to one or two regularly scheduled activities,
especially on weekdays. Join a bowling league or take ballroom
dancing classes. Regularly accompany your child to swimming or
gymnastics lessons. Volunteer for a few hours in your child's
day-care center or elementary school once a week.
The second step is to schedule--and keep track of--periodic
events, including parent-teacher conferences, field trips needing
parental escorts, soccer games and music recitals. You may miss a
few, but it's easier to avert business conflicts if these
family events are written into your schedule early on. If you have
school-age children, at least plan to occasionally take time off
during school holidays.
Third, use a pen--not a pencil--to record significant dates,
especially anniversaries and family birthdays. Take your spouse to
lunch. Make sure you're home for your child's birthday
party.
At the same time, flexibility on a daily basis is important.
Keep in mind that crises will arise and your business will
occasionally demand your presence outside regular working hours. As
Parr observes, "Business life may require [that I attend] a
board meeting at night or read at home. I don't try to fight
that anymore."
Flexibility works in both directions, however. "If a friend
calls me at the office, I talk to him," Parr says. "If I
take a five-day business trip, when I come back, my bills have to
be paid, the laundry's got to be done; if I have to take an
hour off to do that, I do it. I don't feel guilty." A
flexible mind-set makes it easier to deal with the inevitable:
children who get sick and must stay home from school, cars that
break down, and baby-sitters who don't show up, all of which
may force you to rearrange your work hours.
Making time for family outside of business hours isn't the
only way to encourage balance. "Some entrepreneurs are
including their families in their businesses more and more,"
notes Dan Pierce at Northern Illinois University. "Schedules
are getting more flexible, and technology is allowing people to
work from home and interact with their families during the
day."
When Hilbert founded her company, she "hired" her
husband as a part-time evening instructor, while her 8-year-old
helped with bulk mailings. Over the years, Hilbert's children
have held a variety of positions in the company. Hilbert's
daughter did secretarial work for her while in college, and her son
handled marketing while in law school. Today, two of her four
children work in the business--one daughter is the human resources
director and one son is the director of marketing. "We're
a very close family," says Hilbert.
Two years after establishing his firm, Parr married, creating a
blended family with three children. When the children were young,
Parr's wife worked at the business from 9 a.m. to 3 p.m., then
went home to be with the kids after school. The children grew up
and the couple later divorced, but Parr's ex-wife remains with
the firm as its marketing director.
Whether your family members work in the business or not,
it's important to keep them informed of what's happening
with the company. Discussions with your family are important in
both good business times and tough ones, according to Dr. Edward
Hoffman, a New York City clinical psychologist who researches and
writes about organizational behavior. One typical good-news
situation that cries out for family discussion comes when the
company faces sudden growth and must hire more staff or move to a
larger, more expensive facility. "Expansion always carries
risks and stress."
Hoffman emphasizes that it's particularly important to
decide how much information to disclose and when to disclose it if
your spouse or significant other isn't involved in the
operation. For example, if your spouse isn't interested in the
details of management and finances, the two of you should still
talk about the general status of the business, but you may not want
to discuss all the nuts and bolts. "Some compartmentalizing
may be necessary," Hoffman says, "but there's a point
when it becomes self-defeating to put the burden on your
family."
Once you experience the benefits of balancing your family and
business lives, chances are, you'll want your employees to
enjoy the same flexibility. On the plus side, the less formal
environment of a small company is the ideal setting for a flexible
employee policy. On the other hand, small businesses are more
likely than large companies to depend on a core of
"indispensable" employees. How do you balance your
company's needs with those of your employees? Options include
flex-time schedules, job-sharing and compressed work weeks. The key
to making all these strategies work is a willingness to understand
the needs of your staff.
Schaffer's company has often worked with employees to
accommodate individual needs. For example, the company's
marketing manager works a 32-hour week, with Fridays off to spend
with her children.
"There's no question that there are short-term pains
for the organization," says Schaffer. "On the other hand,
the thing we [valued] most is loyalty, particularly in this tight
labor market. When we started out, we didn't think too much
about these issues. As we grew, it became clear that the way the
company would be successful was to align itself and its actions
with its employees. It's a two-way street: The company needs to
be loyal to the employees, and the employees need to be loyal to
the company."
In establishing your company's personnel policies, whether
they're set out in a formal employee manual or created on a
case-by-case basis, it's important not to be arbitrary in
accommodating your employees. Doing so will lead to poor morale
over perceived unfairness; worse, it could open your company to
lawsuits.
Don't treat business and family as two separate worlds, for
yourself or your employees. Instead, recognize that your
commitments to these two spheres should enrich one another. After
all, the stakes are high in both, and effective strategies that
balance home and work can give you the best of both worlds.
Contact Sources
Construction Cost Systems Inc., (800) 443-8607,
Iparr@ccsos.com
MapInfo Corp., (800) 700-6277, http://www.otmapping.com
Michigan Retailers Association, (800) 366-3699, Imeyer@retailers.com
Professional Technical Development Inc., (517) 333-9363,
ptd-lci@ptd-lci.com
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