Still others will be occupied by your focus on getting finances under control. Another day your career will be all-encompassing. One day your family will demand all your energy. Life is going to keep pulling you in different directions. Getting objective about the balance (or lack thereof) in your life or business can be difficult. Businesses need to find a way to balance out their priorities. If you are too focused on growing your headcount but fail to invest in innovation, your business will also fail. For example, if you are overly focused on building the next version of your product and ignore your existing customers, your business will inevitably fail. Create your wheel of life centered on the different aspects of your business. If you are an entrepreneur, this applies equally well to you. However, this doesn’t mean you should ignore other areas of your life. You might say: “ Why should I bother with a balanced view of my life? I’d rather just focus on what is working well for me!”įocusing on your strengths is a good approach, particularly when it comes to figuring out how to excel in your career or sport. You can only run your life headstrong in a single direction for a limited amount of time before the proverbial “wheels” fall off the car of life. Namely, his friendships, relationships, education, contribution or real financial health. He ignored and also failed to take a critical look at many other parts of his life. During his career, he put all his focus on a few things – his career (boxing), his fitness (which supported his career) and leisure (which involved spending ridiculous sums of money on extravagant things). Mike Tyson made $300M in his life (at least, some estimates go much higher) but ended up financially ruined. Tyson still cleaned up financially, netting 10’s of millions for each fight despite losing them to Holyfield.įast forward a few years and he was flat broke. For several years he continued to win until Evander Holyfield stopped him in two different matches. Here he was at the top of his career, enjoying a recent win over Frank Bruno and preparing for his next fight against Bruce Seldon (which he would win). The sweat rolled off his chin as he pounded the speed bag like it was his archenemy. Using The Wheel of Life To Create Balance Using The Wheel of Life To Create Balance.
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