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Statistics show that 9 out of 10 businesses fail. Heck, I have already failed several times, so I only have a few more startups to go before I make it big, right?
I don’t think it’s that simple. It can’t just be a numbers game;
Harry Chapin probably said it best:
"
My child arrived just the other day
He came to the world in the usual way
But there were planes to catch and bills to pay
He learned to walk while I was away
And he was talkin' 'fore I knew it, and as he grew
He'd say "I'm gonna be like you dad
You know I'm gonna be like you"
And the cat's in the cradle and the silver spoon
Little boy blue and the man on the moon
When you comin' home dad?
I don't know when, but we'll get together then son
You know we'll have a good time then
My son turned ten just the other day
He said, "Thanks for the ball, Dad, come on let's play
Can you teach me to throw", I said "Not today
I got a lot to do", he said, "That's ok"
And he walked away but his smile never dimmed
And said, "I'm gonna be like him, yeah
You know I'm gonna be like him"
And the cat's in the cradle and the silver spoon
Little boy blue and the man on the moon
When you comin' home dad?
I don't know when, but we'll get together then son
You know we'll have a good time then
Well, he came home from college just the other day
So much like a man I just had to say
"Son, I'm proud of you, can you sit for a while?"
He shook his head and said with a smile
"What I'd really like, Dad, is to borrow the car keys
See you later, can I have them please?"
And the cat's in the cradle and the silver spoon
Little boy blue and the man on the moon
When you comin' home son?
I don't know when, but we'll get together then son
You know we'll have a good time then
I've long since retired, my son's moved away
I called him up just the other day
I said, "I'd like to see you if you don't mind"
He said, "I'd love to, Dad, if I can find the time
You see my new job's a hassle and kids have the flu
But it's sure nice talking to you, Dad
It's been sure nice talking to you"
And as I hung up the phone it occurred to me
He'd grown up just like me
My boy was just like me
And the cat's in the cradle and the silver spoon
Little boy blue and the man on the moon
When you comin' home son?
I don't know when, but we'll get together then son
You know we'll have a good time then"
The problem is that the someday never does come, and the time passes all too swiftly.

I think successful entrepreneurs know when to sacrifice and when to maintain, what their family can support and what it won't.
It isn't just in entrepreneurship that people sacrifice to be successful. What would you say to the same question posed to a salary-man? In the end the only people who will remember your name, with few exceptions, are your friends and family.
I look to my elder's for guidance. I have never met a person, even a successful one, that late in life looks back and says, "I wish I had spent more time working and less time with my family."
Working hard is important. Putting in the time is vital. It has been said that you get out of something what you put into it and I really believe that is true but it is important to remember to apply that to all aspects of our lives, work and family. You will get out of your family what you give ten fold.

I think you need to take a step back. It's not an all or nothing proposition unless you make it that. Balance is not 50/50, but you can carve out time for Fmily and Friends. as far as "no one remembering your name when you die in the corporate world", well my brother just died and he ha had 300 people from every corner of his life at the funeral. People remember you for their personal relationships...whether they be developed in business, home or community...Your missing the point and your missing out on life...Change the paridgm for yourself and get a little balance...trust me in 20 yrs you will be glad you took this little piece of advice!
M
Jun - you know my thoughts on this - both of our posts have sparked some amazing discussion. To the rest of the Brazen community, I'll share the link to my supplemental/follow up post on this topic. There is some amazing, AMAZING discussion going on over here:
http://www.lifewithoutpants.com/philosophy/work-vs-life-what-is-your-whi...
In short, I don't think becoming legendary should define who you are, being remembered isn't something that will ever define the person I am today or the person I become. I live for myself, and for those that I love and care about FIRST, work comes second, or maybe even further down the line, in the grand scheme of things, even if it takes up 80% of you time, when you take a step back, it will never be what personally fulfills you in the long run.

You need to figure out what works best for you. If this is what you truly want - then more power to you. Who am I to criticize your life choices? But do remember that this is a CHOICE that you are making. If you have doubts, then you probably aren't making the best choice for you. All choices have consequences (good and bad). You can't have regrets later in life.
For the record, my husband and I chose our careers over starting a family. We're both realy successful and we're happy. We're trying to start a family now, and maybe we waited too long, but we don't regret our earlier life choices.
Jun,
I would choose to have both work and family rather than one or the other because it is possible to do. You have a great work ethic but the number of hours allocated to working does not necessarily translate to successful work. Working smarter within a certain number of hours allocated to work is what makes sense to me.
My advice is to set aside certain blocks of time for your personal life. As an entrepreneur your work hours are flexible. The time you feel most productive can be used to work. I will admit I have not lived the life of an entrepreneur so you can dismiss what I say here. However I still think I have it correct and recommend that you reassess your life goals. I wouldn't concern myself with being forgotten, ruling the world, history books, and your future generations at this time. Spend some time with your family and girlfriend. There's no guarantee on how much more time you'll have to spend with them. Business in one form or another will always be available.
Mark
I agree with a lot of the commenters. It's not about work or family, it's about what makes you happiest right now. If you wake up every morning with a smile on your face because you love your company and cant get to work, then work should take priority. If you are doing it just because you want to be remembered for something when you die, but you would actually be happy spending time with your family, then you need to take a step back and think a little more about your loved ones.
For me, I think its a life stage thing. If its what you love, be an entrepreneur when you're young. Before kids and a spouse. You have 10 or so years to get lucky with one of your companies. If you do get lucky and make some money, you're set for the rest of your life because you can start more companies with new partners and you don't have to worry about a paycheck to feed your family. If nothing works out and your in your early thirties, you can reassess and decide what's more important at that stage of your life.
Different things make people happy at different stages in your life. The important thing is to enjoy everything that you can control in your life.

I think finding the balance between work and life is really determined by how you define success. Once you define success you can really align your work life balance accordingly. Success also comes in many forms and though I agree working hard is the only way to create a successful career, working on building successful relationships (especially with your family and loved ones) is important too.
@Mark Fogel wrote about his brother dying and I think that experience is one that just brings you back down to earth and rethink your priorities.
I hate to link drop but I wrote a post about defining success after thinking about this post ALOT last night. I hope you get the chance to read it.

When making decisions about my life, I always refer to a favortie poem of "Da Coach", Mike Ditka:
"When you get all you want and you struggle for self, and the world makes you king for a day, then go to the mirror and look at yourself and see what that man has to say.
For it isn't your mother, your father or wife whose judgment upon you must pass, but the man whose verdict counts most in your life is the one staring back from the glass.
He's the fellow to please, never mind all the rest. For he's with you right to the end, and you've passed your most difficult test if the man in the glass is your friend.
You can fool the whole world down the highway of years and take pats on the back as you pass. But your final reward will be heartache and tears if you've cheated the man in the glass."
If you pursue what you want from life, you have the best chance of being happy. Don't let the visions of others guide what your desired outcomes are. If you want to sacrifice personal life for business success, do it - if that is what the man in the mirror wants.

If you don't have your family around now, your great great grandchildren might not just talk about what a successful person you were but also talk about what a bad family man you were and how lonely you lived.
I agree with Rikin. I think you have to decide what's 'successful' for your business. For you, it almost seems in line with fame. And yes, to be famous you do have to sacrifice a lot in line with what you've already done. But understand that to stay famous, you have to sacrifice even more which can get tricky. To whom much is given, much is expected!
Have you asked your girlfriend/family what they thought about your committment to work?
Oh and you're not a horrible person, I think you're groovy!
This is certainly an interesting discussion. I think it's different for everyone. For me work and happiness are intimately connected to family. When I'm happy at work, I'm efficient. When I'm efficient, I can spend time with my family. One seems to facilitate the other. It's probably a different dynamic for everyone.
I have to agree with Grady - it's probably a good idea to consider who remembers you. I'd be pretty bummed looking down (or up) after I was dead to see that I made no contribution to my family's happiness. A family barbecue holds as much potential for making a difference as does another hour at a meeting with a new funder :)
I think you pose a really tough question that many people go back and forth on throughout their lives. I remember a couple weeks ago I was watching an interview by the CEO of WPP (ad agency) and the interviewee asked him what's the most valuable lesson he learned in his life. He said that it was from a Harvard professor who was giving a speech on work/life balance. The professor said that the toughest challenge that a man will face in his life is finding the correct balance between business, family, and society and that once a man finds that balance, he can consider himself successful. The CEO then goes on to say that rarely do people ever find that perfect balance between all three aspects and that's something that he's been working on essentially his entire life.
At the end of the day though, I have to agree with some of the other commenters and if you value one of these aspects more than others, then you should be able to put more weight on that aspect and you shouldn't feel guilty or think you're doing something wrong. It all comes down to what you value most though and finding your own personal balance from that.
Thank you all so much for your comments. The ones on Brazen and the ones at my personal blog http://JunLoayza.com have really helped me reflect what's important with my life right now.
Ryan's right, it is a life stage thing for me. Right now, I am young and ready to focus on my career. When I have my family, I hope to have made a grand company that allows me to focus on my family.
If any of you would like to chat about entrepreneurship, feel free to hit me up
me [at] junloayza.com

You can have both.
The challenge is to further "cultivate", and "authenticate" your relations with those you love. "Giving is not always about "giving up" resources (time, money, etc.). Giving "of yourself" can be as simple as "being yourself" and "being sincere" and "being authentic" in your relations with those you love.
Your family and your girlfriend know that you love them. The questions is: Do you love yourself? Crazy question isn't it? You may think, of course I love myself. That's why I am self confident. That's why I believe in my ability to build a business, etc.
But when you really love yourself, you also by extension love those who contribute to your better self. When you are centered in who you are, you can feel secure about your relationships. What I mean is that when you call to cancel with your girlfriend or your family - you should not feel guilty or fearful of their reaction. You should feel secure that they "know" you and what you are trying to accomplish. Most importantly, you should take comfort in the fact that you "don't do this to them always" and that you have given them every reason to believe that you value their relationship - even if you have to cancel dinner this week.
I don't have all the answers, and this balancing of family, friends, and career is something I'm always working on.
I recommend Deepak Chopra's "Seven Spiritual Laws of Success." It has helped me a great deal.
Best Wishes!

hi Jun,
I was reading this comment of yours:
I want to be remembered as a man who made a positive impact on this earth. When I die, I want my name to live on and to be talked about in history books. I want my grandchildren’s ‘ grandchildren to be known as the great, great, grandchildren of the Jun Loayza.
and thought, "If he keeps this up, he won't be having grandchildren to remember/talk about him!"
I feel like your ambition is necessary for your start-up, and people like you have more need for achievement than need for affiliation. However, this attitude might not be sustainable for the rest of your life or at different points in your life.
And you might be appalled by this statement, but what if you don't end up being a successful entrepreneur? I feel like if that were to (God forbid) happen, you will only have family and friends to fall back on. Business relationships matter but personal relationships matter, too. I think in time, you will achieve a balance :-)
The world wouldn't be what it is today without entrepreneurs of all types. You can put your loved ones aside for only so long before they decide to put you on the sidelines too. I work for two start up business owners - their families often come second to work - but their work is what supports their families. It is of course the cliche Catch 22.
Their wives support their hard work and hours away from their kids. Their wives don't suppport the fact that in their spare time they choose to golf or go to a ball game instead of spending time with their kids or helping clean up a disasterous house, wipe noses, and brush tangled hair. Keep in mind - their wives work more than full time too, but they're left with the joys and burden of the kids, house, errands, and the rest of daily life that the business owners put aside and take for granted that someone else will always take care of.
If it's their turn to take the kids to day care - it's the topic of the day around the office like they did some huge, great feat, and did such a huge favor for someone.
It's my hope that you, as an entrepreneur will weigh your choices and responsibilities wisely if you have loved ones in your life that will be impacted. Just remember to say "Thank you" to the people who support you in work and life in general. It can go a long way! :) Best of luck with your business!

I agree with Ryan that it's really a life stage thing. If you're going to go "all in" with your career, it's best to do it early.
I moved away from my family for my career for the past 8 years and that's a lot of time to miss that I'll never get back. I loved my job and my time in North Carolina but, as my family gets older, and having lost my dad in my early 20s, I am definitely more mindful of the importance of balancing the two, even though I still have to make sacrifices to advance my career.

Hi Jun,
I have to agree with Pylin - if you spend every waking moment on your company you won't have time to marry and have children, let alone grandchildren.
It's easy when you're young to think you're going to live forever - or at least until you're 80 or so. Unfortunately some of us have seen friends drop dead at 30 for unknown reasons while others have been killed in industrial / car accidents. We're not wanting to kill your enthusiasm for your work and company, we just have a different perspective on the length of life and how to spend time.
Personally, I'm 35 and facing the prospect of open-heart surgery when I'm 40. When I found out that I have the same problem as my father (and he had his op at 77) I had a few quotes go through my head over and over:
"What does it profit a man to gain the whole world, yet lose his very soul."
"Teach us to number our days aright, that we may gain a heart of wisdom."
It's tough I'll grant you - I'm madly trying to pack in as many "activities" (P-T job, MLM, Dip. of Accounting, sax lessons...) into my life as possible before I hit that op. and am forced to rest for however long. One of those "activities" though is time cultivating my relationships with God, my husband, friends and other family members.
If you want to look at it through a purely selfish lens, God, family and friends are the ones who are going to carry me through my recovery. However, I could get run over by a truck tomorrow or carried off by some dreadful disease before then. Either way, when I die it will be through the relationships I have made with people that will have had the longest lasting impact.
All the best.

It is not about pleasing everybody. It is about pleasing yourself. It is you that has the feelings of guilt for being away. You have the longing to be with them. When you love and care for your friends and family and you are truly doing your best for them and yourself there is no feeling of guilt. Trust me even the average Dad working himself into in early grave is away from his family a great deal between work, yard/house work, and sleep. I have worked 12 hour days 6 days a week for what seems like forever. Add that up 12 for work 6-8 for sleep, 4- 6 for evrything else. My daughter (6yrs) doesn't cry for me when I am at work. She does how ever cherish every moment we have together. You have to make every moment count for both business and family. If you are unsure then you are not balancing things right. Think of your time with friends and family as your retirement fund. Set aside "20%" your time every week your "career" will never miss it, but over 30 - 40 years the love and times shared with family and friends will grow at a rate the stock market could never dream of. Trust me money when you are in your death bed will get you a nurse and health care, but 20% of your time will have your wife, kids, grand kids, and friends right there at your bedside with the nurse.

"If you devote every second of your time, every ounce of sweat in your body into the success of your company, I promise you that you will succeed. If you do nothing but work every single moment of your life, your startup will reach success."
Great post otherwise, but, sorry, this simply is not true. I understand that this is probably a "state of mind" you use to help motivate you on your quest to have a successful startup, but the truth is that there simply isn't a direct relationship between hours put in and success, and to believe any different is harmful. Mark W.'s earlier suggestion that one should "[work] smarter within a certain number of hours allocated to work" makes a whole lot more sense. If you go through your professional life believing that long hours are the main deciding factor of success, you're likely to be very disappointed.

I find your post very interesting to me as it reflects to me as well. I had some start up before with a friend of mine, but it didn't succeed, mainly was not the hard work we put into, but it was the capital that ran out. So now I want to make something that can be done with little or no capital, and still be able to help me survive each month. Now I currently have a full time job and some other online ventures. Once my online ventures succeeds, then I will be able to leave my full time job. Of course I am still working on it!
Then there's the ancient practice, when a Roman general returns to Rome in triumph and victory, standing next to him in his chariot is a slave, one of the conquered people.
As the chariot moves through the victory parade, the slave periodically leans over and whispers in the general's ear "This too, shall pass."

woork and family is two things that can't be divided.to live our family,we must woork.
but..family is everything,can't live without family

however,family is ht most important thing.Our live will not matter with family
There are a million jobs out there. How many families do you have?
The balance is simple - be there for your family first, at all cost. Believe me, coworkers will respect you more for being a good family man than they do for being their friend.5530 review