4 Tips for Being a Balanced Entrepreneur -- At Work and at Home
A Note From The Editor
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One of the differences between being an entrepreneur and a venture capitalist is that I meet with many more business owners now than I did then. As such, it has become more apparent that many of my struggles as an entrepreneur are surprisingly common. One observation that stands out, probably because it is rarely discussed, is how many founders have relationship struggles with their significant others and families. For me, the brightest years at IronPort were without a doubt the darkest years at home.
While I was focused, motivating, articulate and decisive at work, I was inconsiderate, preoccupied, self-centered, and lazy at home.
Now, having worked through that time with my family, I'm in a much better place to reflect on what happened, how I could have handled things differently, and offer some advice to other founders who may be caught up in a similar dynamic.
Part of the magic of a startup is the fear of death. You have only so much money in the bank, and if you don't get to the right milestone before you run out, then the company goes under, it's over. There's a way to cheat death when you are not going to make it: you sound the alarm and force everyone to code through the night and weekend. This is stereotypically the life one signs up for at an early stage tech startup. Get in early, kill yourself with a team making something great and get a meaningful product out before you run out of money.
I didn't code, but as the leader, I felt it necessary to be there physically with the engineering team. I would sit through architecture discussions, product reviews and wireframe layouts. Lead by example, lead from the front, was the approach I convinced myself was necessary.
Now contrast this with my home life...
One of the stated values at IronPort was "work/life balance," but I wasn't living it. I was rarely home. And when I was home, well, let's just say I wasn't particularly helpful or cheery. My perspective at the time was: I'm killing myself at work, so when I get home, I just want to kick back with a cocktail and watch some TV. All I do is talk to people all day long and so at home, I'd really prefer not to talk much, just relax.
This posture was, of course, completely opposite to how my wife felt. After having left her VP role in a successful startup, she was now home speaking in monosyllabic words to kids all day and was starving for adult conversation when I got in the door. And that part about sitting on my ass in front of the TV with a cocktail? This ran counter to all of her efforts to teach the kids about pitching in as a family. The message of everyone helping to cook, clean and be responsible for the household fell completely flat when daddy wouldn't so much as take out the trash or change a light bulb. Nope, I was far too important for that and suggested she should hire someone to keep the house clean or even cook, if that was "stressing her out."
I was completely missing the point and talking past her. I was setting such a great example at work, but such a terrible one at home where I often acted like a self-important asshole.
Great entrepreneurs shouldn't be assholes when they go home. Looking back on my own experiences, here are four critical tips for how other entrepreneurs can find the right balance between excelling at work and at home:
1. Disconnect to connect.
Although it's easy for me to see it now, at the time I thought what I was doing at work was far more important and urgent than what was going on at home. It sounds weird now, but this required a real mindset change for me. My wife dropped a bunch of hints (e.g. "How did I suddenly land in a 1950's relationship?!"), but I was undeterred in the thick of it. The shock of almost losing the relationship made me pay more attention, but I was only going through the motions with my mind still firmly attached to the business.
I believe the change in attitude came from truly connecting and tuning in at home. This required disconnecting from work (e.g. turning off the computer and phone), and completely focusing all of my attention on the details of the home. Cooking a great meal. Helping with a science project. Discussing the future with my partner.
I was often rightly accused of being physically present without being mentally present. If you find yourself sneaking into the bathroom to complete emails, then you're not in the moment.
2. Be more than present. Participate.
It's just not possible to be a real partner if you aren't materially participating. I believe even the busiest business owners must drive a carpool, pack a lunch, help with homework, make a breakfast or dinner, and consistently attend school events. Being involved every week is the only way to stay connected at home, and it cannot be outsourced.
No matter how exhausted I am from traveling, I push myself to "not be lazy" at home -- it's just too important. When you are involved, there is a natural cadence to planning the week together and communication improves dramatically.
3. Be an active communicator.
When I was traveling at IronPort, I would sometimes go for days without communicating with my family at all. Now that I am completely tuned in to the weekly family schedule, we plan and calendar family meals (perhaps the single most important thing we do), pickups and drop-offs, and make adjustments on the fly. Did some time suddenly free up so I can complete an errand? Can I pick something up on the way home?
My norm is to check in between meetings, but if I'm the "parent on duty" -- if my wife is out of town, for example -- then I will start a meeting with, "You'll have to excuse me, but I'm the parent in town so I need to keep my phone handy in case of an issue." Communication was by far my biggest area for improvement.
4. Know your priorities -- and stick to them.
My wife and I have a weekly date night. My son and I are on a fantasy football league together. I cook with my daughters. Most times these have become immovable appointments on my calendar. There is a phrase, "truth in calendaring." If something is important, then you must carve out time in your life to do it.
When my calendar reflects that I can't do a meeting on Wednesday and Friday mornings before 9 a.m. because I cook breakfast and drive a carpool, then it's amazing how meetings just don't get scheduled. If at all possible, living physically close to the office is also a huge help to juggling the priorities. It means that I can cut out for a family dinner and then go back to the office or have a late meeting afterwards.
In retrospect, I believe that I could convince the hardest working entrepreneurs that having some real life balance by investing in your important relationships will make you a better business leader. When you are out of balance, it affects your stress, judgment and ultimately becomes another destabilizer just when you need to be the most put together.
I also believe this change is actually a much better example of leadership than the one I was exuding. When a leader shows the way toward getting things done and balancing their life, it sets a much better example for everyone else in the company who struggle with it, too.