Description
How to Balance Business and Family Life
Having a growing business is thrilling. It brings you to great heights that you could never imagine. From moving to a larger facility, hiring new staff members, and increasing production capacity — you are gradually witnessing the fruit of your labour come to life. Indeed, it's tempting to preoccupy yourself with a business once you've poured your heart and soul into it. However, what should you do if your family grows just as fast as your company?
In this episode, Simon Ratcliffe shares how he and his wife balance their family life while being business partners. He also talks about manifestation and how we, as entrepreneurs, can work towards our business goals. Finally, he discusses the importance of learning the growth mindset.
If you're a budding entrepreneur looking for ways to balance work and personal life, this episode is for you!
Here are three reasons why you should listen to the full episode:
Discover how to balance business and family life
Unravel the power of manifestation
Learn Simon’s secret to success
Resources
Coaching with Angela Cox
Listen to The Mindset Mentor
Read Black Box Thinking by Matthew Syed
Visit the Kelperland Vet Centre
Episode Highlights
[03:14] Who Is Simon?
Simon belongs to a family of dairy farmers.
He runs a veterinary business with his wife, Camilla.
[04:27] Simon’s First Proudest Moment
Simon considers his wedding day as his first proudest moment.
It’s a constant challenge to juggle the roles of being a husband, a father, and an entrepreneur.
His wife advises him to look after his health and family relationships because he gets engrossed with his business.
[07:12] Running the Business with His Wife
Camilla was a successful Biology teacher before joining Simon’s veterinary practice.
Running a business means experiencing many frustrating moments. But the couple learned to grow along the way.
Currently, they are thinking of changing their business’ managing structure.
[08:25] Simon, The Veterinarian
Since he was young, Simon wanted to be a veterinarian.
His love for animals stemmed from growing up on a dairy farm surrounded by animals.
It took a while for Simon to realise that he wanted to set up his own business.
[09:35] Simon, The Entrepreneur
Practising a profession and running a business requires different sets of skills.
In 2021, his business grew by 20% despite the pandemic.
There were winners and losers in the veterinary profession when COVID-19 struck.
Hiring staff members and facility renovations were positive challenges for Simon and Camilla during the pandemic.
[10:43] Separating Business and Family
Simon's family often had their spouses as business partners.
His family is still trying to compartmentalise both business and family matters.
There’s no magic formula to balancing your role as a spouse and business partner. Couples can learn along the way.
[12:42] Simon’s Second Proudest Moment
His second proudest moment is buying his own Land Rover Defender.
In retrospect, Simon believes asking his sister to include the Defender in his business’ logo manifested his dream of buying the car.
Ever since he became environmentally conscious, Simon felt bad about buying the car. However, he couldn’t let it go.
[17:20] On Growing the Business
There are limiting factors in expanding a business.
Simon wants to maintain a profitable practice while keeping his staff happy.
There should be an endpoint to how many clients a company can take.
Assessing your core values and business goals is essential to understanding your limits as a growing entrepreneur.
[21:44] Simon’s Third Proudest Moment
Simon’s third proudest moment is finding the growth mindset.
Listen to the whole episode to hear Simon’s stories of working as an untrained farmer!
Having a growth mindset shows that you ca
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