How to Make Sure You Don’t Burnout As An Entrepreneur
Today, many people dream of becoming an entrepreneur. No doubt, entrepreneurship is a rewarding and rich experience and leaves you with the real career satisfaction that you cannot achieve while working for someone else. You set your own goals, make your own rules and write your destiny but all these benefits don’t come without a cost.
If you want to be a successful entrepreneur, you have to be highly committed and make sacrifices on regular occasions. Even if you have a great support system and a positive attitude to start with, the extra pressure of being an entrepreneur and extensively rigorous routine will start taking their toll on your life. Therefore, if you are the one who is suffering from the entrepreneurship burnout, you are not alone in the world.
Businessmen of all ages and experiences can struggle with entrepreneurship burnout. It is quite natural that you will be getting frustrated and exhausted with your business after years of effort and in most cases, monotonous lifestyle. Entrepreneurship burnout can strike you at any time regardless of your age and experience or how successful you have been.
In this article, we explore 1) the reasons of entrepreneurship burnout, 2) symptoms of entrepreneurship burnout, 3) how to avoid entrepreneurship burnout, and 4) a short conclusion.
REASONS OF ENTREPRENEURSHIP BURNOUT
In the context of the above discussion, following lines explain some of the most common reasons why entrepreneurs struggle with entrepreneurship burnout in the first place.
1) Work Overload
Work overload is the most common reason for the entrepreneurship burnout without any doubt. The competition in all industries and professions is constantly on the rise, making the business owners to work extra hard so that they can rise above the competition and maintain a sustainable growth rate.
Secondly, some entrepreneurs simply try to do many different things simultaneously instead of focusing on their main goals in a hope to achieve success. Nowadays, most entrepreneurs hold so many offices and handle so many responsibilities that they don’t have time for their families, friends or their wellbeing. The repetitive routine ultimately causes the burnout from which there is no escape.
2) You Don’t Take Professional Help
Sometimes it also happens that you try to do something that you are not good at in order to save money or out of stubbornness. If you want to succeed, you must be aware of what you can do and what are the things only experts can handle. If you try to do everything yourself, you will not only waste a lot of money and valuable time but will suffer from stress and exhaustion, two of the biggest reasons of burnout.
3) You Don’t Delegate Tasks
It is a big dilemma that most entrepreneurs hesitate to delegate tasks and duties to your employees or virtual assistants. As a result, they have to work really hard and extra in order to get the results and attain the set goals. This extra pressure and burden of work often lead to burnout. A lot has been written on the importance of delegating tasks to your employees, and you need to follow those instructions if you want to succeed without causing problems for your health.
4) Succumbing to Negative Outcomes
Entrepreneurship is not a bed of roses by any stretch of imaginations. Failures are part and parcel of an entrepreneur’s life, and if you succumb to the negative outcomes, you are never going to succeed. History presents many such examples when people turned around the negative situation in their favor and achieved unprecedented success, and there is no reason you cannot follow suit.
5) Information Overload
This is the era of information overload, and everyone can access the information he requires without any real hassle and entrepreneurs are no exception. The abundance of information can be very useful, but it can make life difficult for you as an entrepreneur as well. Information overload can create many serious problems such as poor decision-making and lack of strategic thinking. It can also make you focus less on business basics and neglect the information that is useful, effectively putting your business under the cloud.
6) Lack of Synergy
Lack of synergic business relationship with your employees, colleagues and peers is also another reason of entrepreneurship burnout. If there is a lack of synergy between your business units, they are going to consume more resources to get the job done while failing to achieve the required quality and quantity output.
7) Choice of Wrong Partners
Consequences of selecting a business partner with little or no outthought can be drastic. The wrong business partner can bring your business down in a hurry, and the end result will be burnout due to sheer disappointment and lack of the results you once dreamed of.
SYMPTOMS OF ENTREPRENEURSHIP BURNOUT
There are many signs of warnings that indicate that you need to take precautionary measures to avoid entrepreneurship burnout. In this regard, some of the most importance symptoms of entrepreneurship burnout are as follows.
- Trouble Concentrating on Your Work: One of the biggest and most important symptoms of burnout is that you are simply unable to concentrate on your work without any apparent reason. There are many health problems that make it impossible for you to concentrate on almost everything you do. A trip to the doctor is mandatory if the problem is sever or if it comes suddenly. On the other hand, a burnout is beckoning if you cannot concentrate only on business-related matters.
- No Time for Family and Friends: A man needs to spend as much time as possible with his family in order to stay healthy, fresh and motivated. Similarly, you also need to partake in your favorite sport or hobby on a regular basis. There is no doubt you want to do the things you love the most, but you are going to miss some of them because you have some important business matters to look after. However, burnout will struck you if you only think and care about your business and nothing else.
- You Suffer from Stress and Depression: You have started your business to earn money and bring more joy to your family. Stress and depression are the likely outcomes if things are not happening according to your expectations. Stress is an integral part of every businessman’s life but if it becomes overwhelming and painful, you are suffering from burnout and only need to focus on areas of your business that can make you happy.
- You are Overwhelmed: It is always rewarding to make a name for yourself in your particular areas of expertise. There is no better way to accomplish the task than to start your own business and work extremely hard until you reach your destination. However, a time comes when you get so overwhelmed by all these things that want to hide somewhere forever. This is, in fact, a burnout symptom, and you must not take it easy. Remember that you are a human with certain limitations and it is always refreshing to take a break rather than trying to move on when you cannot.
- Reduced Performance: Are you working extremely hard and have almost drained yourself but your overall performance is on the decline? This means that there is something definitely and horribly wrong, and you need to take remedial actions as soon as possible. Instead of working hard, you must work smart and try to produce more output with less input.
- Emotional Exhaustion: Emotional exhaustion is one of the major components of entrepreneurship burnout. It occurs when you have the feeling that you are completely drained out due to people and work demands or both. You lose control of your emotions because you are so emotionally tired. Some important symptoms of emotional exhaustion include insomnia, increased pessimism, depression and stress, reduced creativity, anger and blaming others for your failures, etc.
HOW TO AVOID OR OVERCOME ENTREPRENEURSHIP BURNOUT?
Entrepreneurship burnout can impact your life and business in the worst possible manner. It is also a fact that most entrepreneurs do not take drastic consequences of burnout into account while planning for future. But you should try your level best to keep burnout at bay and following the tips below.
- Start with a Positive Mindset: The first thing you need to keep in mind is that you cannot achieve overnight success and those who think so live in a fool’s paradise. You need a tremendous amount of time and energy to establish and run a successful business. Therefore, you will suffer burnout if you try to achieve too much in a very short span of time. Remember, entrepreneurship is a long-term process, and your success, in the long run, depends upon how far you can go.
- Set Fair Expectations and Goals: Dissatisfaction and exhaustion are two biggest reasons of the burnout business leaders suffer from. You will eventually get tired when you work for long periods of time but do not get desired results. Disappointment creeps in when you fail to achieve your goals making it important for you to set realistic and measurable goals. Remember that success will take a long time to come and you need to do goals setting and future planning accordingly.
- Pay attention to Early Warning Signs: Just like every other disorder, entrepreneurship burnout has its distinct symptoms (explained above). It is important for you to pay attention to these symptoms as soon as they appear in order to protect yourself and your organization from drastic consequences. You have to take remedial actions as early as possible in order keep everything in check and running smoothly.
- Prioritize your Tasks: It is understandable that you have to do many things as a business leader, especially in the early days of your business. But as the time passes, you need to prioritize your tasks and concentrate only on jobs you love to do the most. It is also imperative to align your tasks and everything you do with your business goals if you want to prevent burnout and attain those goals.
- Get a Good Business Partner: Just like a bad business partner can totally ruin your business; a good one can be a real blessing for you. Your combined skills and knowledge can take your business to new heights of success. Similarly, he can provide you much needed financial and moral support whenever required in addition to helping you to get tax and registration benefits. If everything goes well, there will be no business failures and burnouts.
- Delegate Tasks and Duties: As mentioned above, an entrepreneur does not need to do everything himself. On the contrary, you need to empower your employees and virtual assistants, build trust in them and delegate as many tasks to them as possible. This not only enhances your efficiency but also leads to the greater levels of productivity at individual, team and organizational level. This also provides growth opportunities to your employees and increase their loyalty and support. As a result, the organization as a whole flourishes which in turn eliminates any chances of burnout and similar problems.
- Maintain a work Life Balance: It is absolutely important for you to maintain a proper work-life balance. There are many entrepreneurs who suffer from burnout simply because they concentrate all their energies on their work and don’t have time for family or friends. Entrepreneurship is not only about your profession but your lifestyle as well and you must try to establish real boundaries between both aspects of your life.
- Find a Perfect Routine for Yourself: There are entrepreneurs who work haphazardly without any set routine and ultimately pay the price. If you want to make your business successful in the long run without burning out, you have to find a routine that works best for you. For instance, there are many business leaders who don’t work before 10 am or after 6 pm. You have to set a schedule for yourself which maintains a balance between life and work otherwise you will be burning yourself out if you just focus on your business twenty-four hours a day, seven days a week.
- Take Regular Rests, Holidays, and Breakouts: It is understandable that your life as an entrepreneur is never easy. You have to take care of many important things not only in your office but your home as well. But it does not mean that you start neglecting your health and well-being. It is necessary for you to take the regular rest to restore your energy and vigor, required to run a business successfully. Similarly, going on holidays with family or friends will also refresh your mind and bod and help you to better concentrate on jobs at hand when you return to your office.
- Keep Stressful Situations at Bay: Entrepreneurs often feel stressed and lonely at the top, and you can experience the same fate as well. Sometimes, the pressure of running a business becomes intolerable, and this is when you start feeling stressed. The best way to keep stress at bay is to prepare a comprehensive stress relief guideline including flexible working hours, rooms in the office to enjoy and relax, unlimited vacations, or even meditations. Sleep is another great stress buster, and you need to sleep for at least 6-8 hours a day. You can also manage entrepreneurship stress by staying in the company of other entrepreneurs, sharing and distributing your stress and finding and enjoying things you are passionate about. Last but not the least; you can also build a strong support group with which you can share your challenges and get advice about your problems.
- Healthy Food and Exercise: Everyone knows how important healthy diet and fitness are for his health. But if you are an entrepreneur, you have to take extra care of your health and set apart some time from your busy schedule for exercise. Exercise not only reduces stress but also helps you to be more creative. Setting some tough, physical goals also enables you to rediscover the importance of determination and goals setting. All these things eventually help you to concentrate on your business and avoid burnout in the process.
- Enjoy what you do: It is a fact that entrepreneurs lose interest in their business with the passage of time. Things you once loved become a sort of burden and you try to escape from the reality. There is nothing wrong in saying that if you don’t enjoy what you do, you are never going to succeed. On the other hand, there is every chance that you suffer from burnout and other problems if you are running a business for the sake of running it but cannot derive any satisfaction or happiness from it.
Entrepreneurship burnout can play havoc with your personal and professional life. However, if you can implement some or all of the above mentioned strategies, you can easily avoid the burnout or at least minimize the damage it can inflict. Most importantly, these tips will help you rediscover your passion for your business and start living a normal and successful life once again.
Finally, you also need to remember that you have to face continuously trials and challenges as an entrepreneur. You will only become a successful entrepreneur if you can take on these challenges with courage and confidence. There is nothing in the world which can stop you from becoming successful if you are open to new ideas and changes and can stay strong in the face of adversity.