Dan Price didn’t have the most healthy lifestyle during his first few years starting Gravity Payments. Price, our 2013 Young Entrepreneur of the Year, was sleeping four hours per night and eating one meal a day while trying to get his company off the ground.
While that regime works for some people like retired Lt. Stanley A. McChrystal, it isn’t exactly good for health.
“It was not a recipe for living past 50, and not a recipe for a lot of things in life,” Price said, speaking on a startup panel at the University of Washington’s Entrepreneur Week. “But it was was I needed to do during that initial stage.”
“I hate it when I hear entrepreneurs only getting four hours of sleep,” she said. “I think you’re doing a horrible disservice to yourself, to your company, to your clients and to your people.”
Nelson admitted that it is indeed difficult to maintain a healthy lifestyle while launching a startup. But she advised the UW students in the room to “get comfortable with a to-do list that is never done.”
Even though Nelson has a ridiculous amount of daily activities to take care of — she’s a CEO and co-founder, a consultant, a mom, a dog owner, an author, a community event organizer — she’s learned to stop saying she’s “too busy” to do something.
“I always used to say that,” Nelson explained. “Now I say, ‘It’s not a priority.’ When you start saying that, you’re forced to make choices. You have to realize that if you want to be an entrepreneur, you’re going to have to let go of something else. You might not be able to have a whole lot of friendships or have all the hobbies that you want to do. It’s a choice.”
Price, who founded Gravity Payments as a 19-year-old Seattle Pacific University student, agreed “100-percent” with Nelson. He said that as he grew up, the now-29-year-old eventually figured out how to “synergize” some of these different things to maximize his time.
“I want to exercise and talk to a client, so I’m asking them to go jogging with me,” he said. “I started to think more creatively. And I’m proud to say, due to wonderful friends like Kelsye, I now sleep eight hours per night.”
Kristen Hamilton, entrepreneur-in-residence at Maveron and the third panelist, offered one recommendation.
“Hire your friends and you can see them all the time,” she said, drawing laughs from the crowd.
The topic of work-life balance is talked about all the time in the startup space. Just recently, the Evernote and Salesforce CEOs said there is no such thing as work-life balance.
However, we’ve had two great posts on GeekWire in the past listing ways for doing so. And many Seattle entrepreneurs have taken a liking to walking meetings as a way to be more efficient, similar to what Price said about jogging with a client.
In fact, this will be one of the topics at GeekWire’s Startup Day on Friday, October 25th, with SquareHub founder and CEO Dave Cotter giving a talk titled “Work life balance of a startup dad.”
Readers, do you have any recommendations for achieving this balance, especially when it comes to the startup life?
Editor’s note: UW’s Entrepreneurship Week has events all week, from a Venture Capital Walk to panels with local successful entrepreneurs. Check out the schedule here.