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by | Jun 11, 2020 | About us

Business decisions vs life decisions

Thinking about how the two live together (and sometimes fight with one another)

This week on the podcast, I had the pleasure of speaking with Dalip Matta. Dalip runs Mattas International Foods on Bold St in Liverpool – a fantastic family-owned business who have operated there for over 30 years.

I really enjoyed the conversation with Dalip. He told me about the changes the street has gone through over the years and the impacts those changes have had on the business – both positive and negative.

This week on the podcast, I had the pleasure of speaking with Dalip Matta. Dalip runs Mattas International Foods on Bold St in Liverpool – a fantastic family owned who have operated there for over 30 years.

I really enjoyed the conversation with Dalip. He told me about the changes the street has gone through over the years and the impacts those changes have had on the business – both positive and negative.

But one part of the conversation, in particular, was really interesting to me which was the section when Dalip was talking about opening a second store. He explained that the desire to open another Mattas in another part of town (probably Allerton or the Wirral) has always been on the cards but the timing had never been quite right.

He explained that customers regularly ask him to open up a store in a new location and there’s little doubt that it would be profitable – but the decision not to expand hasn’t been solely a business one, it’s also been a personal one. 

Dalip told me that over the years his family circumstances haven’t warranted a second store. Even though it makes business sense, his personal circumstances haven’t.

It got me wondering how many of us business leaders think in the same way. I know I’m guilty at times of being so involved in the business, I quickly forget that there’s a difference between my work life and my personal life. At times it’s not always clear whether a decision is a business decision or a personal decision.

Granted, as a business owner, a lot of our decisions are both as the business directly affects our personal lives in some way but Dalip’s comments really made me ponder the utility of purposefully considering decisions in two ways – business and personal.

It makes sense to pay closer attention to our personal life when making big business decisions, after all a healthier business owner means a healthier business but I was really unsure how many do.

To find out a little bit more I asked about a dozen business peers this question:

“When considering a fairly significant business decision, which of the following best describes your workflow”

a – I only think about whether it’s good for the business

b – I think about whether it’s good for the business first and then if it is I’ll spend a little time thinking about whether it’s good for me personally

c – I spend equal amounts of time considering both

d – I won’t make a business decision which will have a negative impact on my personal life

The results were interesting. Out of the 12 business owners, I asked, only 2 people answered d whereas 5 people answered a. The remaining 5 people answered b or c.

Meaning that more than twice the UK population value their businesses health over their own – I’m joking obviously this is a tiny sample but the results are interesting.

Answering myself, I think I would answer b. I’m driven by what’s right for the business and consider myself second.

There’s no right or wrong to this, everybody’s life and priorities are different but it’s interesting to consider. No doubt as we transition through life and circumstances change, so will our answers and there’s always a balance to be made- but how often do you purposefully think about this?

 

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