Reclaiming Freedom: The Business Owner's Dilemma

The salient inquiry presented in this bonus episode revolves around the profound struggle faced by numerous small business owners: how to cultivate a profitable enterprise that simultaneously affords them the opportunity to reclaim their personal lives and be present for their loved ones. This question, articulated with raw honesty, resonates deeply with many who find themselves ensnared in the relentless demands of their entrepreneurial endeavors. As I reflect on my own experiences, I acknowledge that the pursuit of success often leads to a compromising of familial relationships and personal well-being. Thus, I delve into the critical distinction between working harder and working smarter, emphasizing the necessity of developing effective systems that facilitate business operations without the toll of personal sacrifice. Ultimately, this episode seeks to illuminate a path toward achieving both professional success and cherished personal connections, underscoring that true freedom does not stem from excessive labor but rather from strategic efficiency in one's business practices. How do we go about reclaiming freedom and find time for the things which really matter in life.
Takeaways:
- The question posed by many small business owners is whether they are truly free or enslaved by their own enterprises.
- Achieving a balance between work and family life is paramount for long-term happiness and fulfillment.
- Implementing systems within a business is essential for reducing fatigue and reclaiming personal time.
- A thorough time audit can reveal surprising insights about how time is spent on various tasks.
- Reflecting on the original purpose for starting a business can reignite motivation and guide future decisions.
- Delegating tasks and creating efficient systems ultimately leads to increased profitability and personal satisfaction.
00:00 - Untitled
00:04 - The Silent Question of Small Business Owners
01:40 - The Cost of Business Success
04:25 - Finding Freedom in Business
07:28 - Reflection on Family and Time Management
08:32 - Building a Thriving Business: The Balance of Life and Work
I want to share a question I received the other day.
Speaker AAnd let me tell you right now, it's raw.
Speaker AIt's real.
Speaker AAnd honestly, it's a question that so many small business owners are silently asking themselves.
Speaker AAnd trust me, I've asked it myself many times.
Speaker ABut here's the question.
Speaker AI thought this was perfect.
Speaker AI started my business to have more freedom and provide for my family, but now I feel like I'm a slave to it.
Speaker AI'm always working, and my wife and kids are paying the price.
Speaker AHow can I build a profitable business that actually give me my life back so I can be present for the people I love?
Speaker AI told you it was raw.
Speaker AAnd I told you it was real.
Speaker AAnd that question, when you really think about it, that question cuts deep.
Speaker ALet me tell you right now, I know this pain because I've lived it.
Speaker AYou might be listening to this right now or watching me right now.
Speaker AYou're saying, ralph, I've lived it, too.
Speaker AAnd I could tell you right now, there have been seasons in my own life, more often than I care to remember, where the business truly got the best of me, man.
Speaker AIt was everything that I was doing.
Speaker AI told myself during those seasons, I said, you know what?
Speaker AI could get through this.
Speaker AI'm doing this for my wife.
Speaker AI'm doing this for my kids.
Speaker ABut the reality, I was hardly at home.
Speaker AIt's just the truth.
Speaker AI missed those family dinners.
Speaker AI missed those family outings, those constant late nights at the office.
Speaker AAnd hey, if I was home, I was in the home office, still a slave to that computer.
Speaker AMy weekends were just stolen by one more small pride.
Speaker AJust got to get this done real quick.
Speaker AAnd what it left behind, in so many ways, it was exhaustion, of course, but it left behind distance.
Speaker ADistance in my marriage, distance with my children.
Speaker AAnd looking back, those moments are some of my biggest regrets in life.
Speaker AGet ready to celebrate my 25th wedding anniversary this coming Tuesday.
Speaker AAnd one of my biggest regrets, and this is the truth.
Speaker AAnd if you're listening to me today, I want you to hear this loud and clear, because so many small business people fall into this.
Speaker AWhen I coach small business people, one of the main things I tell them is invest in your wife, invest in your family, invest in those things outside of your business.
Speaker ABecause I'm going to tell you right now, if you're listening to this, you might be going through this very thing right now.
Speaker AYou're not alone in this.
Speaker AAnd I don't know about you, but I fell into this trap.
Speaker AI really, truly believed that working more hours would mean I'd be more successful if I just did that one more project.
Speaker AWord.
Speaker AA couple more hours, man, the family would love this because we'd be able to do something.
Speaker AWe'd be on to go on vacation.
Speaker AWe could get that thing that they wanted.
Speaker AI was lying to myself the whole time and I fell into that trap.
Speaker AMaybe you've fallen into it too.
Speaker ABut here's the thing I need you to hear right now.
Speaker AThe harder you grind in your business.
Speaker ASee, this is the counterintuitive part.
Speaker AA lot of people don't talk about this.
Speaker AThese financial business gurus, these so called experts.
Speaker ABut the truth is, the harder you grind in your business, the more it robs you of your life.
Speaker AAnd it really does.
Speaker AThat's why this question.
Speaker AWhen I got this question the other day, I said, you know what, I've got to record a bonus episode.
Speaker AI was so excited about this.
Speaker AI didn't even introduce the show.
Speaker ABut this is great.
Speaker AAnd growth of business, this is a special bonus episode I want to do because man, when this person sent this to me, I was like, wow, I've got to talk about this.
Speaker AWhich leads me one big thing.
Speaker AI got a huge announcement to make today.
Speaker AI am going to be starting a live grit and growth business show.
Speaker AIt's going to be on YouTube live.
Speaker AIt's going to be simulcast on LinkedIn and a bunch of other platforms and it's going to start on Tuesday nights, the first Tuesday of October, October 7th of 2025.
Speaker AIt'll be at 8pm Eastern time.
Speaker AAnd it's going to be a great time to come out there, ask your questions in the chat.
Speaker AHey, you can even become a studio member if you'd like to come on the show and do some live coaching.
Speaker ABut it's going to be a great show and I'm going to encourage you to ch it out.
Speaker ABut when I got this question, it led me to say, you know what?
Speaker AThere are a lot of small business people out there that feel the same way.
Speaker AWell, let's get back to today's topic though.
Speaker ASee, freedom doesn't come from working harder.
Speaker AThat's what your question asked.
Speaker AI thought I'd go into business for myself and I would have this freedom.
Speaker ABut what freedom comes from, and this is something it took me a long time to let me tell you right now, and I'm still learning it to this day, it doesn't come from working harder.
Speaker AIt comes from working smarter.
Speaker AAnd in many ways it comes from building systems.
Speaker AYou got to find those systems that let your business run without burning yourself out, because that is truly the path to true profit and that's the path to reclaiming your family.
Speaker ASo now you might be saying, great, Ralph, somebody asked a question, you're agreeing with them.
Speaker AYou've been in this thing.
Speaker ABut how do I fix it?
Speaker AWell, here's the truth.
Speaker AI got a couple steps you can take right now, starting today, to finally fix this.
Speaker ASo many people will be impacted by this.
Speaker AI'm encourage you to share this show because if you're a small business owner or you know somebody that is a small business owner today, today's show will be impactful.
Speaker ABut here's my actionable steps to finally break into this.
Speaker AThe first step, number one thing, you got to do a why check.
Speaker AYou might be saying, ralph, what are you talking about?
Speaker AOne of the main things I talk about when I work with coaching clients is go back to your original reason for starting the business.
Speaker AFor most of us, if we're being honest with ourselves, it wasn't money at all costs.
Speaker AThat wasn't the reason we did it.
Speaker AFor so many of us, it was freedom.
Speaker AWe had a dream, we had a passion, something we wanted to do.
Speaker AAnd.
Speaker AAnd for many people, I'm speaking for myself more than anybody else.
Speaker AIt was to provide for my family.
Speaker AAnd that's why, when you get into the situation, you got to think back to that original why and let that why fuel you to make the changes that you got to make right now.
Speaker ABecause if.
Speaker AListen to me, this is a true statement.
Speaker AAbout six years ago, my marriage was ending.
Speaker AWe were in divorce court.
Speaker AI mean, we were two days away from getting divorced.
Speaker AAnd it took that ringing of my bell, to be blunt, to finally wake up and realize, Ralph, your wife needs you, your kids need you.
Speaker ASo start there, go back and do a why check and ask yourself, why was it that I started this business?
Speaker ABecause that's going to be your path to freedom.
Speaker AThe second thing you've got to do, we talked about working not harder, but working smarter.
Speaker ABig thing you got to do is a time audit.
Speaker AI'm going to encourage you to do this.
Speaker AI've been doing this for years.
Speaker AI learned this actually in the Dale Carnegie courses.
Speaker ATrack 1 Full week of every single thing that you do.
Speaker AI mean, write it down minute by minute, hour by hour.
Speaker AAnd then once you do that, I want you to categorize those things really into three main buckets.
Speaker ARevenue generating tasks, administrative tasks, and personal and family time.
Speaker ABecause you're going to be surprised when you do that.
Speaker AListen, I still get Surprised to this day how much time I waste, how much time I use in things that I really don't need to be bothered with.
Speaker AYou're going to be shocked at how much time slips away.
Speaker ABut as with anything I say this on all of my shows, what gets measured gets done.
Speaker ASo you got to go track that.
Speaker AGo see where your time leaks are.
Speaker AI think you're going to be surprised at what they are.
Speaker AAnd then finally, once you have that data, now it's time to document and delegate.
Speaker APick a couple of those administrative tasks, things that you don't really need to be doing.
Speaker AAs small business owners, we feel like we've got to touch everything.
Speaker AMy wife always says, ralph, you, you're a control freak.
Speaker AShe's right.
Speaker AAnd most small business owners are the same.
Speaker ABut find one or two administrative tasks that you can.
Speaker AYou can give to somebody else.
Speaker AYou can delegate.
Speaker AMaybe you can automate.
Speaker AI've talked about that in the show the last couple weeks.
Speaker AWrite out the steps and then hand them over to an employee or to a contractor.
Speaker AHey, even consider hiring a VA because that one handoff is the seed of a system.
Speaker AAnd that system can free you up to give you back time with your family and actually get your life back.
Speaker AAnd listen to me.
Speaker AI want you to hear this loud and clear.
Speaker AI'll never be able to get back the moments I missed.
Speaker AAnd I did irreparable harm to my wife and children because of it.
Speaker AI'm never going to be able to reclaim that.
Speaker AI can do the rest of my days being a good husband, being a good father.
Speaker ABut I can tell you this.
Speaker AThrough all of that, I have learned to build a business that serves my life, not the other way around.
Speaker AI finally was able to do that.
Speaker AAnd you can do that today.
Speaker AYes, profit matters.
Speaker AI'm not going to sit here and tell you profit doesn't matter.
Speaker APeople have said to me, ralph, well, if I wasn't working hard, my family wouldn't have anything to eat.
Speaker AI get that it does matter.
Speaker ABut being present for your people that you love matters more than that.
Speaker AIt's all about relationships.
Speaker AYou listen to nothing else.
Speaker AI say the rest of my days, focus on the important relationships in your life.
Speaker AAnd the good news is, you don't have to choose.
Speaker AIt's not an either or thing.
Speaker AIf you do write systems, if you build those systems, you can truly have both.
Speaker AAnd that's what this show is all about.
Speaker AThat's what grit and growth business is all about.
Speaker AEvery week, I bring small business owners ways to build thriving businesses without sacrificing those things that matter the most to them.
Speaker AAnd if this hits home for you, I don't want you to carry this alone anymore.
Speaker AYou can send your questions to me@gritandgrowthbusiness.com questions again.
Speaker AThat's gritandgrowthbusiness.com questions.
Speaker AOr maybe you're ready to start building a business that actually gives you your life back and you want somebody to help you do that.
Speaker AListen, you can sign up for my coaching services.
Speaker AWe start with a 15 minute discovery call.
Speaker AGet to know each other.
Speaker AYou can go to gritandgrowthbusiness.com coaching again.
Speaker AThat's gritandgrowthbusiness.com coaching because I want you to hear this.
Speaker AFreedom isn't just possible.
Speaker AIt's waiting for you.
Speaker AIt's waiting for you to make that decision, to go get it.
Speaker ASo thank you for joining me today.
Speaker AAs I said, this is an impactful episode.
Speaker AIf you know somebody that can benefit from it, I want to encourage you to share with everybody you know.
Speaker AJust send them right to our website.
Speaker AThat's gritandgrowthbusiness.com you have a great day today and make sure you join me every week.
Speaker AAnd don't forget about the new live show starting on October 7th at 8pm Eastern Time.
Speaker AI hope you join me for that as well.
Speaker AHave a great day.