Hardest Part of Being Your Own Boss? CEO Reveals Truth
The Lonely Crown: The Hardest Truth About Being Your Own Boss
Introduction: The Price of Freedom in Entrepreneurship
Ever dreamt of ditching the 9-to-5 grind, being your own boss, and calling all the shots? It sounds idyllic, doesn't it? But as they say, with great power comes great responsibility…and sometimes, a surprising dose of loneliness. Fares Ksebati, co-founder and CEO of MySwimPro, a company that raked in $2.5 million in revenue in 2024, knows this all too well. He's been there, swam that, and learned a thing or two about the less glamorous side of entrepreneurship. So, what's the "hardest thing" about being your own boss, according to someone who's tasted success?
The Weight of the World: The Hardest Thing, Revealed
The hardest thing about being your own boss? It's the **unrelenting responsibility and the feeling of being ultimately alone with the critical decisions**, according to Ksebati. Sure, you might have a fantastic team, advisors, and mentors, but the final call often rests solely on your shoulders. It’s like being the captain of a ship – you’re steering the vessel, and everyone's lives and livelihoods depend on your navigation.
From Apple App of the Year to Million-Dollar Revenue: A Quick Dip into MySwimPro's Success
MySwimPro's story is one of impressive growth. The app earned Apple’s App of the Year designation in the watch category in 2016, just a year after its launch, providing significant momentum. Fast forward to 2024, and they’re boasting over $2.5 million in revenue and 15,000+ active paid subscribers as of March 2025. It's a testament to Ksebati’s vision, the team’s hard work, and a well-executed business plan.
The Isolated Island: Why the Top Can Be Lonely
Think of it this way: as a CEO, you’re often looking at the big picture, focusing on long-term strategy, and navigating complex challenges that your team might not even be aware of. This can create a sense of isolation. You can’t always share every burden or worry with your team, as it might create unnecessary anxiety or undermine confidence. This is where the "lonely at the top" cliché rings true.
The "Do This" Secret: Fares Ksebati’s Key to Progress
So, how do you combat this feeling of isolation and responsibility overload? Ksebati suggests a critical strategy: "Do this ‘if you want to make progress’": **consistently seek out and leverage feedback from your team, mentors, and advisors.** Don't just hear their opinions; actively listen and consider them. Use their insights to inform your decisions, but ultimately, be confident enough to make the final call based on your own judgment and vision.
Building Your Tribe: Creating a Support System
Finding Your Champions
It’s crucial to build a support system of people you trust – mentors, advisors, other entrepreneurs – who understand the unique pressures you face. These are the people you can bounce ideas off, vent to, and receive honest feedback from without fear of judgment. Think of them as your personal board of directors, guiding you through the choppy waters of entrepreneurship.
Networking is Not Just for Sales
Attend industry events, join online communities, and connect with other founders. Sharing experiences and learning from others can be incredibly valuable, and it can also alleviate the feeling of being alone in your struggles. Remember, everyone faces challenges; you're not the only one feeling the weight of the world.
Decision Fatigue: A Real and Present Danger
One of the contributing factors to the feeling of being overwhelmed is decision fatigue. As a CEO, you're constantly making decisions, big and small, all day long. This can drain your mental energy and lead to poor judgment. Learning to delegate effectively and prioritize ruthlessly is crucial to combating decision fatigue.
Delegation: The Art of Letting Go (and Trusting Your Team)
Empowering Your Employees
Delegation isn't just about offloading tasks; it's about empowering your employees, fostering their growth, and building a stronger team. When you trust your team to handle responsibilities, you free up your time to focus on the most critical strategic initiatives.
Finding the Right People
Of course, effective delegation starts with hiring the right people. Look for individuals who are not only skilled but also self-motivated and trustworthy. Give them clear expectations, provide them with the resources they need, and then get out of their way (mostly!).
Prioritization: The Key to Sanity
Focus on the Vital Few, Not the Trivial Many
Not all tasks are created equal. Identify the 20% of activities that generate 80% of your results and focus your energy on those. Learn to say "no" to distractions and tasks that don't align with your core priorities.
Time Blocking and Scheduling
Schedule dedicated time for deep work, strategic thinking, and self-care. Treat these appointments as seriously as you would a meeting with a major client. Time blocking can help you stay focused and avoid getting bogged down in day-to-day minutiae.
Self-Care: It's Not a Luxury, It's a Necessity
Running a business is a marathon, not a sprint. If you don't take care of your physical and mental health, you'll burn out quickly. Prioritize sleep, exercise, healthy eating, and activities that you enjoy. It's not selfish; it's essential for your long-term success.
The Power of Reflection: Learning From Your Mistakes (and Successes)
Take time to reflect on your decisions, both good and bad. What did you learn? What would you do differently next time? Regularly reviewing your performance can help you identify areas for improvement and avoid repeating past mistakes. It also helps you appreciate how far you have come.
Embracing the Imperfect: Letting Go of the Need for Control
Perfection is the enemy of progress. Trying to control every aspect of your business is not only exhausting but also counterproductive. Embrace the fact that things won't always go as planned, and learn to adapt and adjust as needed. Flexibility is key in the ever-changing world of entrepreneurship.
The Long Game: Staying Focused on Your Vision
When you're feeling overwhelmed or discouraged, remind yourself why you started your business in the first place. What's your vision? What impact do you want to make? Keeping your long-term goals in mind can help you stay motivated and focused during challenging times.
Giving Back: Finding Meaning Beyond the Bottom Line
Consider incorporating a social mission into your business. Giving back to the community can provide a sense of purpose and meaning that goes beyond just making money. It can also attract customers and employees who share your values.
Continuous Learning: Staying Ahead of the Curve
The business world is constantly evolving. Stay up-to-date on the latest trends, technologies, and best practices. Invest in your education and development, whether it's through online courses, conferences, or mentorship programs.
Conclusion: Embracing the Challenges, Celebrating the Wins
Being your own boss is undoubtedly challenging, and the feeling of isolation and responsibility can be daunting. But by building a strong support system, delegating effectively, prioritizing ruthlessly, and taking care of yourself, you can overcome these challenges and thrive. Remember to celebrate your successes along the way and never lose sight of your vision. As Fares Ksebati's journey with MySwimPro proves, the rewards of entrepreneurship are well worth the effort.
Frequently Asked Questions (FAQs)
Here are some frequently asked questions about the challenges and rewards of being your own boss:
- What's the best way to deal with stress as a CEO? The best approach is multifaceted: prioritize self-care activities like exercise and mindfulness, delegate effectively to reduce workload, and build a strong support network of mentors and advisors. Don't be afraid to seek professional help if needed.
- How can I build a strong and trustworthy team? Focus on hiring individuals who share your values and possess the skills and drive to excel. Provide clear expectations, empower them with autonomy, and foster a culture of open communication and feedback.
- What are some strategies for overcoming decision fatigue? Implement a system for prioritizing tasks and delegating responsibilities. Batch similar decisions together to streamline the process, and schedule regular breaks to recharge your mental energy. Avoid making important decisions when you're tired or stressed.
- How do I know if I'm delegating effectively? Effective delegation involves clearly defining tasks, providing adequate resources, and empowering your team to make decisions. Regularly check in with your team to provide support and feedback, but avoid micromanaging. If your team consistently delivers high-quality work and meets deadlines, you're likely delegating effectively.
- What's the most important piece of advice for aspiring entrepreneurs? Be prepared to work hard, persevere through challenges, and embrace failure as a learning opportunity. Build a strong network, continuously learn and adapt, and never lose sight of your vision. Remember why you started, and celebrate your wins along the way.