077: Tim Meuchel on Divorce While Maintaining Your Business

August 1, 2019 in Entrepreneur Podcast Show Notes

Divorce alone is hard enough without the stress of a business. What can you do to maintain your business if you are going through a divorce.

Some things you might have to learn and embrace

Live in the present
Tim Meuchel – The 10 Factor
Clarity is something you might not have right now
You might not know what is going to happen
Focus on what you can control now and on being present at this moment in time
Make more money in less time
Deal with the stress of changes to finances
Handle a wave of emotions
Make time for yourself

Tips to get through the rough time period

Focus: You have to be able to focus and to get your confidence back
Suck up Your Pride: Financial borrowing, living arrangements,
Figure out What Really Matters: In the way of time, not material possessions. What are the waste of time activities that you can do without
Take Care of Yourself (Self-Care): Adrenaline will only take you so far. Eventually your body will break down.
Shelf it: If it can wait, let it wait
Unplug: Figure out how to put your devices down
Be Realistic: Know that your days are a mess and some things you’ve always done aren’t going to work anymore.

TUNE IN to the 10 Factor, Episode 77 – Tim Meuchel on Maintaining Your Business Through a Divorce.

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About the author

Tim Meuchel

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Tim MeuchelÂ is the bestselling author and podcast host ofÂ The 10 Factor: From Struggling to Thriving Business in 10 Months. Like many successful entrepreneurs, Tim failed his way to success. He gave up $334,200 in 2008 after resigning from a twelve-year corporate management career to pursue his side business full-time. The business quickly grew 8X and within four months Tim's wife quit her job as well. Several years later a bad business deal left Tim's company almost bankrupt. Tapping into emergency funds, he fought back and restructured the business; resulting in a new profit producing model requiring less than 40% effort. Seeing an opportunity to give back and help other struggling entrepreneurs Tim reverse engineered his process, validated it with top entrepreneurs, and created a ten-month roadmap -Â The 10 Factor.