Looking back at 2019 with gratitude and reflection.
At the end of the year it is so important to reflect on what you're grateful for, what worked, what didn't work, and the lessons you've learned. I want to share some lessons I learned in 2019 because I think they will be helpful for all of my entrepreneur friends.
1. You can be an entrepreneur without gaining the freedom you expected would come with it - it’s easy to think that when we be we become our own boss we can set our own hours, and have total time freedom. For me, I found that doing one to one client work in my bookkeeping business actually meant that I had multiple bosses, each client was essentially a boss that needed something from me at some point during the day (even the days I tried to take “off.”) I quickly realized that this business could not be my main source of income because it would mean taking on more clients, and hiring a team. So I decided instead of growing, I was going to downsize - and it has been the best decision I have ever made.
2. Multiple streams of income provide freedom and flexibility - the reason I was able to downsize one business was because we have several others to rely on. Each business is small and manageable and gives us the flexibility to grow the ones that we are most passionate about and downsize the ones that didn’t provide the freedom we are looking for.
3. Even in the things that don’t work out, we learn and grow - I don’t believe in regrets. We make choices based on what fits our life at a certain time, and as time goes on, sometimes those things no longer fit. Whether it's a job, a business, a relationship, etc. Everything is a stepping stone to something else, something potentially better. Every time you try something, and get out of your comfort zone, you grow, and that's why we see so many entrepreneurs pivoting and growing multiple businesses. When you become an entrepreneur, everything is unknown, but as you start working for yourself, you start to really learn what you love to do and what you don’t love to do.
I would love to know what lessons you learned in 2019? What is coming with you into 2020 and what are you leaving behind?