TIME REQUIRED30 Minutes + Worksheet


essential previous learningNone

Creating Balance in Your Life

Discover areas of improvement

Key Learning Outcomes

  • Identify areas in your life, as a business owner, that you may have neglected, and devise plans and goals for improvement.
  • Recognise that operating a small business can be hectic, but it should not be at the expense of developing your business skills and maintaining a balanced life.
  • Learn about the “wheel of life” which has its origins in Buddhism and was developed by Paul J Meyer.
  • Explore these key areas of your life: health, family and friends, significant other, career, money, personal growth, fun and recreation and physical environment.


There is a great quote by Benjamin Franklin that a lot of small business owners would do well to think about. “Drive thy business, let not that drive thee”

Owning and running a small business can often be all consuming. Taking the steps to develop your business skills will certainly help but it is worthwhile to take stock occasionally and assess what areas of your life you might be neglecting that need some focus or attention. This tool is a type of gap analysis that will give you a snap shot of your current reality and will allow for you to plan and set goals for those areas that need improvement.

We have all had times in our life when things all seem to fit into place and likewise times when we have been so busy in one area that we have neglected another. This process is something that we would encourage you to do periodically to ensure you are staying on track with keeping your life healthy and balanced.

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