What is the Cost of Being the Boss?

When you are a business owner it can be very, very, lonely. Learn a few ways to be a strong boss in this ever changing world of business.

Video Transcription

Sunshine: What are the costs of being the boss?

Crystal: Welcome to The Love of Business. I’m Crystal.

Sunshine: And I’m Sunshine. Let’s get to it.

All right, yeah, there is cost and being the boss. I mean, I’m not the boss. Thank God, I don’t like being the boss. It’s a great saying, definitely. But what are the costs of being the boss?

Crystal: Well, number one, if being a boss was easy, everyone would be doing it.

Sunshine: Definitely.

Crystal: So, there’s a ton of costs, it can be emotional, it could be energy, it could be money. You know, being a boss, as a lot of people watching this knows is at the top, it’s very, very lonely. Your team have each other and us. But you know, that’s why a lot of entrepreneurs seek out a business coach, because they want someone to be partnered with to help grow their business.

Sunshine: Yeah, because definitely your family and friends have no idea what you’re going through.

Crystal: Well, if they have a job, they have no idea what you’re going through. Because they’ve never experienced growing a business from, you know, the beginning all the way up.

Sunshine: Okay, so when you’re a boss, and you’ve got all these costs, and I feel some tips coming on. So, what are you going to share with us today that we can implement into our daily?

Crystal: Three tips to be a strong boss. Number one, because it’s lonely at the top, surround yourself with other successful entrepreneurs and/or get a business coach.

Number two, focus on result thinking and outcomes. Why you’re doing the activities that you’re doing? What’s your goal?

And number three, get rid of all your fear and stay positive and proactive.

Sunshine: Okay. So, I know that there’s probably a video that we’ve done on getting rid of your fear, but can you just give us a quick encouragement of how to get rid of that fear? Maybe focus on the positive or whatever? Fear is like a really big issue that everyone has especially when you’re at the top, right? Because you’re looking down, you could like teeter off?

Crystal: No, this is important. I’m glad you brought it up. Yeah, so with fear, it stands for false expectations appearing real.

Sunshine: Yeah.

Crystal: So, you’re supposed to identify everything that you’re fearful of both personally and business and take action. Not willy nilly action, you know, proven thought out action. Because when you take action all that fear disappears, and it doesn’t come back.

Sunshine: So, action, not reaction.

Crystal: Right. Now, fear can also mean, face everything and rise.

Sunshine: Okay, so I think I feel a little bit more motivated on being able to look back again at this video just to take a deep breath. Let myself know everything’s going to be okay. You don’t have to have all of this fear because it’s just mucked up emotion.

Crystal: That’s right.

Sunshine: Get into action. It should be planned action, not a reaction.

What’s your number one takeaway from today’s video? Leave us a comment and thanks for watching.

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Crystal Shanks

Crystal Shanks, Certified Business Coach and CEO of Run Right Business Consulting, has been coaching business owners and executives around the world to achieve optimum results since 2009. Coach Crystal teaches her clients proven strategies to build thriving businesses and careers. She has worked with thousands of businesses and executives to generate substantial revenues and maximize profits.