Welcome in, everyone! It’s your hosts Michele and Karamel here to talk all about what it means to chase your dream and what it means when that dream can become a nightmare. While we do acknowledge that there are lists out there that help you determine how you know that your dream is becoming a nightmare, we point out several different ways to tell, starting with assessing whether or not your personal life and/or business is/are suffering.

Your dream can also, of course, become a nightmare when you’re not making enough to cover your costs, obviously a big one. We discuss the problems that can arise when what it is that you offer is no longer in demand, being burned out and therefore unwilling or unable to keep up with the demands of the business (another really big one), having the skill to do whatever service you offer but not really understanding how to run a business, and more.

We also talk about a few ways to help prevent your dream from becoming a nightmare, such as being open to change, having what Karamel refers to as a “kitchen cabinet,” seeking out advice from people who have been in similar shoes, and, probably most importantly, stick to your plan! 

At the end of the day, there are several ways that chasing our dreams can be become nightmares, and we need to be able to wake up from the nightmare if and when it happens, so if you find that your personal life is suffering, that you're having financial struggles, that demand for what you offer is dwindling, and/or that you're experiencing burnout, then this episode is likely for you! If you enjoy it and get some valuable insight out of it, please feel free to reach out to us with your thoughts because we would love to hear from you! Please also consider subscribing to the podcast if you aren’t subscribed already so that you never miss a new episode when it drops, and don’t forget that we are now on YouTube, so please feel free to follow our YouTube channel if you want to both hear us and see us!

 

Time Stamps

[0:31] - Michele has been realizing that some people are chasing after their dreams while living nightmares.

[1:23] - If your personal life is suffering, then that’s a good sign that you’re living a nightmare rather than a dream.

[4:48] Financial struggles arise when costs outweigh income, potentially leading to business closure or missed payroll.

[7:03] - If your products or services face declining demand alongside other issues, it's time for evaluation.

[7:55] - Another thing to watch out for is burnout!

[9:05] - Michele and Karamel agree that when you run a business, you have to be willing to change along with the times.

[10:40] - Michele discusses the problem of not being passionate for your business anymore.

[13:20] - Learn what Michele means when she says “to make something shake.”

[15:42] - Closing one business doesn't prevent future entrepreneurial endeavors; don't let failure hinder progress.

[18:15] - Karamel argues for the importance of having what she calls a “kitchen cabinet.”

[21:37] - Karamel points out that one way to combat your dream becoming a nightmare is seeking out advice from others.

[23:57] - It is never a good idea for a business owner to bury their head in the sand.

[24:35] - Michele argues that ​​”taking it day by day” is more than a cliché; focusing on daily tasks builds momentum.

[25:25] - STICK TO YOUR PLAN!

 

Resources

CEO Chronicles – Website

My CEO Chronicles - YouTube Channel

Email CEO Chronicles: [email protected]

Email Michele: [email protected]

Email Karamel: [email protected]