With the unemployment rate in our country climbing, some people are turning to owning a small business once they find themselves out of their job.
Yet one thing that many new small business owners forget is that owning a company means utilizing a huge skill set and working long, hard hours particularly at the start up. As the CEO, accountant, banker, manager, do-er, writer, and so on and so forth, your time is taken up from the moment you walk into the office, even if that office is in your home, until the moment that you walk out.
And oftentimes new business owners only step out to sleep and, possibly, to eat.
This article discusses some issues about owning a small company and the amount of burnout that can occur.
First it lists a few signs of business burnout. Is your personality changing? Are you emotionally exhausted? Do you feel that you lack energy? These are three of the signs that business ownership may be taking a toll on you.
I wrote a month or so ago about the need for a break. I’d been working morning, noon and night along with raising two young children who are not yet in school. I was emotionally tapped, and it took my husband mentioning to me that I might need to step back for a while to make me see just how consumed I was.
It is tough. Your business is your baby. Your business is your life. But unless you specifically make it a point to take breaks and find time to relax you will not.
The article then goes on to tell you what you can do to help stop the burnout before it occurs.
Some things include creating a business plan, hiring a team and taking a break so you can feel refreshed.
I think that as small business owners we sometimes believe we can “do it all”. The Super Hero mentality works only for a while, and it is certain to cause some burnout at some point.
Finding out what you can do the best and what someone else can do the best for you is really the key. If you are spending all of your time doing bookkeeping tasks-and believe me, as a small business owner this takes up a lot of time-then when do you have time to do the work that you need to do on the product or service you are selling? Quite simply: Oftentimes, you don’t.
Hire a virtual assistant. Contact another work at home mother who might be interested in picking up a few hours of work each week or month.
One of the best pieces of advice I have ever heard about being in business for yourself is always hire people who do the job better than you can do it. Find that certain thing in your company that you don’t want to have to spend time on and then go out and find someone who is really great at that task and hire that person.
In order to run a strong company you have to remain a strong owner. So, keeping in tune with your body and knowing when to cry Help are two really important-vital-skills.