8 Rules to Win at Entrepreneurship and Parenting

                                                    This is a new-take on a previously published article - enjoy!

Launching, growing, and leading a business is hard work. Raising kids is hard work. What about those who want to do both… successfully?!

That’s the magic question facing many entrepreneurs in their 20s and 30s who want both business success and to be great parents to their kids.

We know that the birth and raising of a child is stressful (to put it lightly). Stress negatively impacts the brain’s prefrontal cortex and hippocampus, which are essential for memory function, focused attention, and executive functioning. These areas allow us to plan, organize, and problem solve.

When stressed, we can underperform, take frantic actions, ruminate on the past and find it difficult to be creative, and deeply focus on the projects we’re working on. As entrepreneurs and busy corporate leaders, we can't afford to lose the parts of our brains that are necessary for our performance, innovation, and business growth. The goal is to reduce stress and have our minds back. But how?

No matter how we slice the pie, there will only ever be just one of us, and 24 hours in a day.  A baby takes a lot of time to care for– day and night - and the hours we would spend working in business are now in direct conflict with parenthood. Or are they?

To win at entrepreneurship and parenting the answer is simple:






Here are 8 rules to implement right now to get there:

  1. Double your prices and cut your client #s in half.

  2. Hire people – even a part-timer - to get you out of the day-to-day operations and focused on the vision and strategy.

  3. Set big goals so that the size of your actions create bigger results in less time.

  4. Build intentional habits and routines to work in states of flow and elevated emotion.

  5. Fire toxic clients and people that drain your time, money, and lifeforce.

  6. Take time to automate as many systems and processes as possible.

  7. Book the minimum viable number of meetings and calls – and delegate attendance to your team. Being packed with back-to-back meetings is a nightmare to dismantle when there’s a sick kid or yet another doctor appointment, which hint: will happen about every month for 18 years
  8. Be assertive in sharing the care of your kids between your partner, caregivers, daycare, nanny. Keep your kids in daycare or with a babysitter for the minimum hours needed. Having pickup at 3:30pm versus 5:30pm – ie a shorter workday - will keep you extremely focused with the time you do have for your business.

Implementing even one of these 8 rules can be a game-changer for us. Having the right mindset when navigating forward is essential, which is why the transition to parenthood must be seen as a hero's journey for entrepreneurs to venture through.

The Hero's Journey

The hero’s journey was popularized by mythologist Joseph Campbell in his book The Hero With a Thousand Faces. It focuses on the growth, challenges, and transformation that individuals have when they are called to a new adventure.

Let's look at the hero's journey from the perspective of entrepreneurs who are parents (or becoming parents):

  • The hero's journey starts by calling us to a new adventure, called parenthood,

  • When our child is born, we cross a threshold; moving from the known world of how things used to be and into an entirely unknown world,

  • We face many difficult challenges, trials and failures in that unknown world,

  • We experience a death of the old identity/ former life and a rebirth of a new identity / new life moving forward (many people have spiritual awakenings here), and

  • We complete the journey as transformed versions of ourselves; having made the changes and learned the lessons needed to be both successful entrepreneurs and parents.

By seeing this experience as a hero’s journey, we are much more likely to be compassionate, kind, and easy on ourselves. We can let go of internal pressure to be perfect or ‘do it all' and create space for a new way forward.  As we are compassionate to ourselves on this hero's journey, our brains release seratonin, which helps stabilize our mood, lowers stress levels and increases happiness.

Any time a radical change happens on the outside of our life requires an equally radical change inside. What’s exciting about this is that we’re the ones who are holding the map. We’re the one’s charting a way forward that fits our needs, values, goals, and lifestyle at this incredible part of our lives.

Parenthood is a hero’s journey. It also has the potential to make us even better entrepreneurs if we’re open to it. What about you? Maybe it’s the perfect time to pause and reimagine how you want to work and live. Why not take a step back and use these 8 rules to design a new way forward from a place of strength? Possibility? Potential?

That’s how to win at entrepreneurship and parenting.

Please email me at tracey@livlitceo.com and let me know about your hero's journey experience with entrepreneurship and parenting. As well as which of the 8 rules you're going to use to start designing a new way forward.

xx Tracey

Co-Founder and Master Coach with Liv.Lit! Coaching and Training

PS There are a thousand reasons why people seek coaching for their business. Tell me yours on an Intro Call