Are You Experiencing Burnout?
Yes, owning your own business can be both exciting and rewarding, but it also creates a level of stress that may ultimately lead to burnout!
If you are a business owner who is also the operator, you are among a large percentage of business owners who can relate. With the amount of responsibility that you carry comes a tremendous amount of stress. If you are experiencing burnout as a result, this could have a negative impact on your business. If you can't enjoy that much deserved vacation, even though you have a reliable productive staff, and feel you must continue to manage while away, this could be your burnout interfering with your ability to de-stress and take advantage of your absence.
Whether the result is mental or physical fatigue, consider the connection between your own health and well-being as it relates to how burnt out you may really be. By taking time to make your health a priority, you are in essence protecting the health of your business as well.
- You are critical to the success of your business and if you are experiencing health issues caused by stress and fatigue you could be harming the business because you are not operating at full capacity.
- If you do not have a key employee in place who can take over in your absence, it may be time to consider hiring such a person or promoting someone within the company who has demonstrated the ability to do so. This is not only key to the operations of the business but it will also be a positive aspect to any potential buyer
- Even should you consider yourself healthy but still feel burnout, this may also be a good time to consider delegating certain responsibilities while streamlining operations. This could have a positive long term effect and make your business more attractive to buyers when you choose to sell.
If you don't feel that making these small changes will create a significant improvement to your situation or the health of your business, it may be time to consider selling your business.