442: The Costs of Being a Business Owner

What does it cost to be a business owner? While there are certainty financial obligations involved, there are many more demands on us than if we didn't run our own company. When we can identify the costs, we can better prepare for them, set boundaries and policies to control them, or remove them from our plates entirely through delegation and hiring. We break down five major costs to understand in being a business owner, and how to overcome them.

Main topics:

• Living our passion

• Mental Burdens & Stress

• Personal time

• Obligations

• What's the point?

Main takeaway: At the end of the day, the benefits have to outweigh the costs, otherwise we'll continuously battle burnout and compassion fatigue.

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