Work-Life Balance is the idea that a person's life outside of work is just as important as their working life and that the time a person spends working should be balanced by time spent doing things such as spending time with friends and family, keeping fit, doing hobbies, traveling etc.
On the plus side of work-life balance, the idea of work-life balance does bring attention to the fact that being a workaholic slave is detrimental to a person's physical and mental well-being; socializing, physical activity, and being with friends and family are all activities that contribute to being healthier and happier.
On the minus side of work-life balance is the assumption that work is some sort of drudgery and that the more you do of it, the worse off you will be (except, perhaps, financially). This whole 19th century sweatshop idea of work being debilitating, grueling and soul-destroying really shortchanges the positive aspects of work, such as the satisfaction one derives from achieving goals, creating things and exercising one's brawn and/or intellect to solve challenges.
Work-Life Balance for Small Business Owners
The positive aspects of work are one of the great things about running your own small business; you get to do these things, sometimes on a daily basis. Therefore, you may be particularly prone to spending too much time on the work side of the teeter-totter and letting your work life interfere with your family/personal life to the detriment of your personal relationships.
You need to guard against this by making sure that you are giving your family and friends the time and attention they need and by looking after yourself. If spending too much time working or letting work interfere with your personal life is or has been a problem, read my Top 10 New Year's Resolutions for Business Success; these will give you tips you can use any time of year to improve your work-life balance.
It may even be time for you to Downsize Your Business.
Many people find that making the effort to incorporate some time management into their lives makes a considerable improvement to their work-life balance. These two articles will give you what you need to get started:
Your Work-Life Balance Responsibilities as an Employer
As an employer, you need to be aware of the work-life balance issues of your employees and support their efforts to reach a comfortable work-life balance in their own lives. About.com Human Resources Guide Susan M. Heathfield suggests these Ways to Encourage Employee Work Balance.
Also Known As: Worklife balance, life work balance.
Common Misspellings: werk life balance, work life balance, work live balance.
Examples: Tricia found that hiring someone to help out in her store improved her work-life balance immensely.