When business is growing and things are great, we can get sucked in and forget that there are these other gardens in our lives that need to be nourished as well. Our guest today definitely knows how important such balance is if you want to achieve your dreams – and you need a system that works!

Michael Nelson is the founder of TLC Tech, an outsourced tech support company, which creates digital transformation for its clients. Michael is also the author of Goals That Matter: The Deceptively Simple System to Achieve Every Dream.

When Michael realized everything he was doing was all about the business, he decided to make a shift and look at all the six main areas of life, which changed the whole trajectory for him.

Here are some power takeaways from today’s conversation:

Episode Highlights:

The Best Lesson in Business

Don’t use your line of credit as a term loan but use it for short-term cash flow issues. A line of credit is meant to be used for short-term cash flow issues, not a fundamental “grow your business” thing.

This was the biggest lesson Michael learned in his previous business during the dot-com era because it was growing so fast. Having learned such an important lesson, he started TLC Tech with the goal to achieve balance and make sure he was not going to do debt. Although they have a line of credit since a good business needs that, they rarely use it. It's meant as a very short-term gap to deal with a very specific problem, not the fundamental "I need to grow the business."

Having Accountability with Your Goals

When Michael started, created an accountability sheet with all of his goals – broken down into 10-year, three-year, one-year, 90-day, monthly, and then weekly goals. And it wasn’t until he was reviewing his goals every single day when things took off for him.

His goal achievement percentages went up drastically, while ironically only having to work fewer hours because he had better balance in all areas of his life.

Resources Mentioned:

www.goalsthatmatter.com

TLC Tech