EP306 Finding your Rhythm: Balancing Business Growth and Personal Well-Being

The Cash Rich Exit Podcast

Welcome back to The Cash Rich Exit Podcast! I’m your host, Colleen O'Connell-Campbell, Wealth Advisor to business owners working towards a cash rich exit. In today’s episode, we kick off part one of a three-part conversation with business and leadership coach, Eric Deschamps. Eric brings a wealth of knowledge, sharing insights into maintaining work-life balance - though, as you'll hear, he prefers the term "work-life rhythm".

🎙 The Ebb and Flow of Life and Business: Eric talks to me about the importance of understanding that life and business are not meant to be perfectly balanced, but rather harmonized in an ebb and flow. He emphasizes the importance of recognizing different seasons in life and business and how to adjust to them, rather than striving for unrealistic balance.

🛠 Tackling Burnout: Eric shares his personal experiences with burnout and highlights the common signs entrepreneurs face, including fatigue, irritability, and lack of motivation. He discusses how taking time off is only part of the solution. To truly overcome burnout, systemic changes and mindset shifts are necessary.

🧠 The Power of Leadership and Self-Care: As a coach, Eric has worked with thousands of leaders. He explains that effective leadership is about more than business strategies - it’s about personal growth, mindset shifts, and prioritizing self-care. By focusing on yourself and investing in your own well-being, you bring the best version of yourself to every role, both personally and professionally.

📈 Key Takeaways for Entrepreneurs:

• Watch for Burnout: If you’re asking yourself, “Am I burnt out?” you likely are. It’s time to seek help and make changes before burnout derails you.

• Delegate Wisely: Leaders must delegate tasks effectively to focus on the highest and best use of their time, rather than getting bogged down in minor tasks.

• Recognize your Season: Understand that life and work come in seasons - sometimes your business needs more attention, and sometimes your personal life does. Adjust your priorities accordingly.

Are you feeling the weight of balancing business and life? It might be time to evaluate your current situation and your future exit strategy so you can focus on securing your financial future. Reach out to me for a complimentary one-on-one wealth gap analysis, and let's start crafting a plan that gives you the freedom to live your best life while building toward a cash-rich exit.

Thank you for tuning in, and stay with us for the next two parts of this enlightening conversation with Eric Deschamps.

Until next time, TTFN (ta-ta for now)!

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The Cash Rich Exit Podcast is brought to you by O’Connell-Campbell Wealth Management at RBC Dominion Securities.

All opinions expressed by the host, Colleen O’Connell-Campbell, and podcast guests are solely their own opinions and do not reflect the opinion of RBC Dominion Securities.

This podcast is for informational purposes only before taking any action based on information in this podcast you should consult with a qualified professional.

Colleen O’Connell-Campbell is a Wealth Advisor at RBC Dominion Securities, a member of the Canadian Investor Protection Fund.