“For me, the real wealth in starting a business lies in time flexibility and autonomy,” shares May Yeo Silvers. In this episode, she delves into how true wealth encompasses more than just financial success; it includes personal freedom and time flexibility. She recounts her journey, particularly a significant year when her business flourished financially but at the expense of her well-being, prompting her to reassess her priorities.
May highlights how many entrepreneurs lose sight of their initial goals of financial and time freedom in their pursuit of profit. Through her experiences, she underscores the importance of balancing financial goals with personal well-being. She advises entrepreneurs to intentionally define their version of real wealth and build their businesses accordingly.
The episode also underscores that real wealth is subjective and varies for each individual. May shares her sister’s decision to choose a less stressful job for better work-life balance as an example that wealth isn’t always tied to high financial income. She encourages entrepreneurs to regularly evaluate and adjust their business strategies to align with their personal values and goals, emphasizing that true success in entrepreneurship is about creating a fulfilling and balanced life.
Quotes
• “To last in the business and maintain your well-being, you need to build your business with a holistic intention. This means considering how to live your life, leave a legacy, and achieve financial freedom and stability all at the same time.” (06:27 | May Yeo Silvers)
• “Financial freedom may look very different for every person.” (07:22 | May Yeo Silvers)
• “When you build your business with intention, you constantly have conversations with yourself. What is the real intention here? How can I build my business in a way that allows me to gain a certain level of wealth and a certain level of financial, time, and choice freedom? Only you will have the answer to these questions. You, and only you, will know the financial numbers that matter to you, how much time you need, and what you want to do with the time you’ve gained. This is how you build the real wealth that is meaningful to you, not what social media dictates.” (34:09 | May Yeo Silvers)
• “If you don’t build your business with intention, you risk burning out and losing the very wealth you’ve achieved. Sacrificing time and choice freedom in the pursuit of financial gain is not sustainable. Real wealth encompasses financial success as well as the freedom to enjoy your time and make choices that align with your values and desires.” (35:06 | May Yeo Silvers)
Links
If you are thinking of starting an event planning business and you want to build your business with INTENTION like how I explained in this podcast episode, the Mindset and Productivity module inside our 24 courses Business Kickstart Bundle will help guide you on how to manage your time to have a work life balance, one of the REAL wealth of owning a business.
The pricing module, also included in the bundle, will show you how to price for profit so you can also attain REAL financial wealth. If you are lacking the sales and marketing skills, we got you covered too in the bundle!
Click this link for more info on the 24 course for $24 Business Kickstart Bundle!
Connect with May at: [email protected]
Website: www.mayyeosilvers.com
LinkedIn: https://www.linkedin.com/in/mayyeosilvers/
Facebook: www.facebook.com/mayyeosilvers
IG: www.instagram.com/mayyeosilvers
TikTok: https://www.tiktok.com/@mayyeosilversofficial
FB private group: https://www.facebook.com/groups/events4anyone
