One of the most common and detrimental mistakes made by entrepreneurs is the belief that life and business are distinct, separate realms that should be kept apart. However, these two facets have a profound impact on each other and should be continuously aligned.
In this episode of Influence by Design, Tim and Samantha chat about the significance of building a business that nurtures your lifestyle. Business owners who fall into the trap of compartmentalising personal and business endeavours often neglect one of the other which leads to feeling a lack of fulfilment.
Recognising the symbiotic relationship between life and business is essential. It enhances personal well-being, moves the business towards desired success, and allows for a harmonious existence to thrive between the two.
IN THIS EPISODE YOU’LL DISCOVER:
- A common mistake for entrepreneurs: thinking that life and business are two separate things (01:38)
- The importance of living the life you want and your purpose (03:00)
- Getting clear on the impact and legacy you want to leave behind (07:15)
- How can business support the life you envision (10:00)
QUOTES
- “We want to wrap our business around life because ultimately, the business is there to facilitate the life we want.” -Tim Hyde
- “Don’t be apologetic about the things you want. But, be prepared to sacrifice the things that you don’t want.” -Tim Hyde
- “You need to get really clear on what you want your life to look like. And then ensure you implement a strategy to align your business.” -Samantha Riley
- “You can have it all. But to have it all, you have to be prepared to give some things up.” -Samantha Riley
RESOURCES MENTIONED
SUBSCRIBE & REVIEW THE INFLUENCE BY DESIGN PODCAST
Thanks for tuning in to this episode of the Influence By Design podcast. If the information in any of our conversations and interviews has helped you in your business journey, please head over to Apple Podcasts, click the 3 dots in the top right corner of your smartphone screen, follow the show, and leave us an honest review. Your reviews and feedback will not only help us continue to deliver valuable content but will also help us reach even more amazing entrepreneurs just like you!
BOOK AN INFLUENCE AUDIT
If you want to be known as the leader in your industry, book a quick 15-minute Influence Audit.
We’ll work together to identify:
- Your current situation and immediate opportunities for growth
- Uncover the #1 thing holding you back from not being booked as an industry leader
- Develop a 3-step implementation plan to increase your authority and visibility
WHERE TO FIND TIM HYDE
- Website: https://winmoreclients.com.au/
- Facebook: Win More Clients
- Instagram: Win More Clients
- LinkedIn: Tim Hyde
CONNECT WITH SAMANTHA RILEY
- Facebook: Samantha Riley
- Instagram: @thesamriley
- LinkedIn: Samantha Riley
- Twitter: @thesamriley
TRANSCRIPTION
Samantha Riley Snipet (00:00):
You need to get really, really clear on what you want your life to look like that business comes into alignment as well. So really need to be asking yourself the questions. What do I want my life to be looking like? How can this business support me in doing what it is that I want to do
Tim Hyde Snippet (00:16):
We want to wrap our business around the life because ultimately the business is there to facilitate the life we want. The work is there to give you the life you want, not the other way around.
Samantha Riley Intro (00:29):
Welcome to the Influence By Design Podcast. I’m Samantha Riley, authority positioning strategist for coaches and experts. If you’re ready to build a business that gives you more than just a caffeine addiction, and you dream of making more money, having more time, and having the freedom to be living your best life, then you’re in the right place, it’s time to level up.
Welcome to today’s episode of influence by design. I’m your co host for today Samantha Riley joined by the ever lovely Tim Hyde. I said ever lovely but you’re not lovely all the time. I you know, sometimes it was sleep. I love it. I love it.
Tim Hyde (01:10):
I was playing around with the ChatGPT the other day and that’s you know, it’s right. All these words into my into my language that are super flowery that I never use at all. Like, I can’t be putting this in.
Samantha Riley (01:22):
Yeah, super flowery. And Tim, don’t go in the same sentence.
Tim Hyde (01:25):
very pragmatically. Thank you very much.
Samantha Riley (01:27):
Yeah, that’s what we love you for that. So you
Tim Hyde (01:30):
know, today, we’re going to talk about what we’re talking about saying we’re going to talk about what your business is for.
Samantha Riley (01:36):
Yeah, totally. One of the mistakes that we see a lot of people making is like really thinking of their life and their business being two different buckets, I guess. But really, our life is this is all the buckets coming together.
And business is just one part of those. And I see a lot of people having a business that almost prevents them or makes it really hard for them to have the lifestyle that they want. And I am such a big advocate for create your lifestyle first to get really clear on what it is you want, and then create that business to match.
And this is a conversation that I want to have, whether you’re just starting your business, or whether it’s time for you to stop, take some time out and reflect and get really clear on you know, am I going in the right direction?
Do I need to make some changes? Or some pivots? Because it’s very easy to get off? Course. We’ve both been there. Tim? Right.
Tim Hyde (02:39):
Yeah, absolutely. Do you think this comes from a yes, this idea of work life balance?
Samantha Riley (02:44):
See, I don’t believe in work life balance,
Tim Hyde (02:48):
I think, you know, just by just by saying work life balance, I mean, you’re immediately putting things into different buckets, right? Or it’s life.
Samantha Riley (02:56):
And I don’t believe and I just don’t think it’s both like, for me the way I would describe it. And I’ve never articulated this before. So this could come out a little bit funny. Let’s see what happens.
The way that I would think of describe, it’s like, there’s a balance for each of us that is different. That either has us feeling good, or it has us feeling not so good.
And it’s just about balancing all of the different areas in a way that really makes us feel energized, joyful, peaceful, whatever it is that we want to be feeling.
Tim Hyde (03:31):
I’m reflecting on this yesterday, and I shared this with you just off as I was at a funeral yesterday, the service for one of my best mates, fathers I’ve known for 41 years, right, practically half his life, and always found kin to be an incredibly inspirational and inspiring man, not from the work that he did.
Right, but his influence and attitude towards life. And he was a incredible adventurer. I can see that in his son, my good friend, Nick, you know, who’s backpacked literally around the world by himself and done all sorts of interesting, solo adventures.
But Ken was such an inspiring, inspirational sort of guy. You’re not for the work, but he’s a viewpoint on how he attacked life. I think this is a this is a guy that you know, grew up on a farm out near Russia. You know, Hayworth at the Griffith in New South Wales learn to fly before he can drive a car.
Samantha Riley (04:29):
How cool is that?
Tim Hyde (04:33):
He saw I don’t know what in the plane was some sort of famous plane flew over Griffith when he was a youth. He thought that would be really cool. I want to go and do that. And then architected his work around this zest for adventure.
You know, found himself in PNG, in the 60s, doing aerial surveillance kind of work right, but took his passion for life and then found out way to make his work deliver that.
Samantha Riley (05:03):
I love that so much.
Tim Hyde (05:05):
And I think we kind of lose sight of the fact we go and do this thing, right? But we put this work thing in the bucket, right? Totally separate from our life anonymously, as you do is sit there at services like that thinking more wonder what people say about me if I was to be the one in the box and saying things about me and talking about me, you know, in life, you’re in the in the impact and stuff that they had on their life.
Samantha Riley (05:38):
I love that you had that takeaway, because I had a story told to me by a friend a few years ago, and she went to the funeral of one of her friends, mothers. So similar situation to what you were in.
And her she came back and she said, Oh my goodness, Sam, she said, all of the women were sitting around having a cup of tea, after the service, and discussing how amazing her linen closet looked.
That it was beautifully, you know, everything was beautifully tied up and or, you know, folded up. And it was really neat. And so the story that you told you’ve taken some inspiration from that, I also have taken inspiration from this story.
Because at any time where I’m feeling a little bit like, what am I doing? Go, okay, sample it together, you do not want people at your funeral to be talking about, the best thing that you could do was have an amazing looking linen cupboard.
A, they would never open up my linen cupboard and be able to say that, but be it just makes it’s the it’s almost fuels me to go. I am here for so much more than this.
Tim Hyde (06:55):
Yeah. Well, at the conference, one of the conversations I had, you know, the week afterwards, was really, you know, as you do with these things, these kinds of answering was like, What are you, you know, what are you doing?
What do you been up to kind of stuff haven’t seen you since the last funeral? Or wedding or? or whatever it happens to be, but you know, what are you doing? And, you know, we get into this conversation about what is his legacy that we want to create, and his impact as entrepreneurs.
And I think we embrace this far more than employees in many ways, as entrepreneurs, one of our big drivers is what is the legacy and the impact that we want to create on our world, and I don’t mean necessarily the globe, your world might be just you and your family. It might be you and your friends, it might be on a particular group of people that you want to, that you want to serve.
But what is the impact that you want to create? What is the lasting legacy that you want to create with that group of people? And are you deliberately engineering your business in a way that will deliver help you deliver that legacy
Samantha Riley (08:00):
tidally tightly
Tim Hyde (08:02):
run, and as you say, you aren’t in you know, with with your business, and we will be unapologetic about this, right? You want to hide it or mask it, you know, under something else.
And, you know, I was reminded of a presentation or salt from Ryan Deiss, who’s a mentor of mine on a stage presentation late last year in San Diego, and Ryan was on on stage in a quite unapologetically and shamelessly sharing his story that he liked.
Many of us was working stupidly long hours, he was coming home late and, you know, trying to get this business of his working as we all do, you know, sometimes, like if I just do that a little bit more, it’ll kind of work off the strangle until it is what I want squeeze every last drop of success out of this thing that we’ve created.
And he got home again late one night and his wife came in, you know, an interesting cat and she’d already been to bed and said to Said to Ryan and said, You know, I think it’s you know, what are you You know, I know you’re late again, kind of thing. And he’d had told himself this story that he was doing it for his family.
And she quite shamelessly, ungenerously said, You’ve got to stop kidding yourself that you’re doing this for us. Okay. And I’m happy to support you, right. But don’t kid yourself that you’re doing it for us.
Which, ironically, is a conversation I’ve had with my wife as well. You know, a few years ago, we were working seven days a week, you know, to make my business work. And I’ve gotten this is really powerful.
Because if we if we just go I’m doing this for me. First and foremost, let us know what the reason is. But only don’t kind of disguise it as something else. Totally. That takes you away from your purpose.
Samantha Riley (09:54):
Yeah. Yeah. I agree. So yeah, I think you need to get really, really clear on what you want your life to look like. And then that business comes into alignment as well. Because I’ll give you an example back with my very, very first business when I was 20 years old, one of the things I did was open a dance studio.
Now the reason I owned it, or decided to open my own business was number one, I was working in corporate, and I had a look around at the people that I worked with, and felt like I was looking into a very dismal future, because no one was smiling.
And I went, Hmm, I do not want to be me this to be me next year, let alone for the next 2030 years. The second thing, the second thing that I said to myself was, well, I want to be spending more time with my kids.
And I think that I’ve got more chance of doing that being in business than I do in a job. So what did I do, I went and opened a dance studio. Now remembering that one of these things that was important to me was spend more time with my kids.
They would be in school all day. And then I would go to work for the night. They’d be home on Saturdays, I know work all day, Saturdays, he wasn’t the best business model for seeing more of my kids. Do I regret it?
No, I don’t, because I learned so much. And I had so many amazing years and things happening. But if I measured the success on really what I wanted was to spend more time with my kids, then I really didn’t get that right.
So you really need to be asking yourself the questions. You know, what do I want my life to be looking like? How can this business support me? In doing what it is that I want to do?
Tim Hyde (11:38):
It really is it’s wrapping, as you’re watching the video, you can see this, you know, here’s your business. And this is you kind of wrapping your life around it? Or is this your life and you’re wrapping your business around it?
Let’s take b Let’s take option D here aren’t we want to wrap our business around in life because ultimately, the business is there to facilitate the life we want. It’s like King and he’s flying and his adventures in PNG and around the world and all sorts of different places. The work is there to give you the last few months.
Samantha Riley (12:11):
Yeah, be unapologetic about the time you want to be spending in your business be unapologetic around where you want to be spending your time, be unapologetic, around how much you want to be earning and where you want to spend that money, be unapologetic about what you want to actually be doing.
Tim Hyde (12:28):
I want to pull something out that you said off air before you’ve been listening to Ramit Sethi who we’re both fans of that it does require compromise. Right? That’s what you’re prepared to compromise on. Don’t be apologetic about the things you want. You know, conversely, in be prepared to sacrifice the things that you don’t want to get that.
Samantha Riley (12:51):
Yeah, you can have it all. But to have it all you have to be prepared to give up something. And I think that it’s about getting really clear on what you want that to be when you get it right for you. That’s when great things happen.
Tim Hyde (13:06):
Yeah, absolutely. Absolutely. And if you get this right, and it will feel effortless.
Samantha Riley (13:12):
Absolutely. So really, there’s no step by step formula to this. We’re not going to tell you, Okay, you’re listening to this. Here’s Step number one and step number two. But what we do want to leave you with is to take some time out and really get clear on what you want.
Unapologetically, take some time out dream. And understand that there is no one way to do anything that you can create it however you want to create it. There isn’t a formula.
There’s just whatever you want it to be. I like it. I like this conversation, Tim sometimes it’s nice to just take a breath and think hmm, yeah, let’s get back to this. Let’s get back to the core of what we’re doing.
Thanks so much for listening to today’s episode. If you enjoyed it, please share it with someone in your life. That would get some value from hearing this conversation. And we will see you next week on another episode of influence by design. Ciao.
Samantha Riley Outro
Thanks for joining me for this episode of the Influence By Design podcast. If you want more head over to influencebydesignpodcast.com for the show notes and links to today’s gifts and sponsors. And if you’re looking to connect with other experts who are growing and scaling their business to join us in the coaches, thought leaders, and changemakers community on Facebook, the links are waiting for you over at influencebydesignpodcast.com
Leave a Reply