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Grow Your Business at Your Own Pace-It's Not a Race!

business goals entrepreneurship Oct 24, 2024
Leslie Roth speaking into a microphone during the Financially Adjusted podcast episode on avoiding comparison culture and growing your business at your own pace.

Comparison culture is everywhere—whether it's seeing someone’s shiny new office or watching entrepreneurs boast about hitting six-figure months on social media. It’s easy to feel like you’re falling behind and need to catch up by any means necessary, including taking on debt or overspending. But is this really what’s best for your business?

In this post, we’ll break down the dangers of comparison, particularly how it impacts your financial decisions, and we’ll explore strategies to grow your business at a pace that’s right for you.

There are so many negative effects to comparison culture. It can lead to anxiety, poor decision-making, and worst of all, debt. Business owners often take on financial commitments they can’t afford because they feel pressured to keep up with their competitors. But here's the truth: You don’t know what’s going on behind the scenes of someone else’s business. What looks like success might actually be a lot of hidden debt or unsustainable spending.

How to Grow at Your Own Pace:

  1. Know Your Numbers: Understanding your financial health is crucial before making any big business decisions. It paints a clear picture of the financial reality of your business and what falls within your means.
  2. Set Your Own Benchmarks: Focus on growth metrics that align with your business values, not someone else’s success. Your business is unique to you and your goals and actions should reflect that!
  3. Celebrate Your Wins: Whether big or small, recognize your achievements along the way. It’s so hard to do, but if you’re conscious of this, it’ll change the energy of your business to contentment and positivity!
  4. Surround Yourself with Support: A solid support system will keep you grounded and focused on your unique goals. This can look like a business coach or mentor, spouse, best friend, business bestie, business support group…fill in the blank! The important thing is that you have people around you who encourage you to be your unique self and stay true to your vision and your why!

Building a business isn’t about matching someone else’s journey. It’s about staying true to your vision and growing at a pace that’s right for you. Remember, your success doesn’t need to look like anyone else’s! It’s YOURS!!