Shark Tank’s Lori Greiner has a saying that, “Entrepreneurs are the only people who will work 80 hours a week to avoid working 40 hours a week.” You know all too well how true that statement is if you’ve ever built a business.
Entrepreneurs are some of the hardest working and determined individuals out there. But, growing a business is at times incredibly stressful. You may find yourself juggling your time between family, friends and business meetings.
No matter how driven, competent, intelligent or successful you are, stress will catch up to you. If you don’t learn how to handle it in healthy ways, you’ll burnout. Prevent burnout with these 5 tactics.
1. Don’t get stuck in routine.
Routine may make things seem easier, but your excitement will likely decrease as time goes on. One way to avoid falling into a cycle of monotony is by changing your workspace. If you are an entrepreneur working from home, take at least one day a week to work in a different environment. This could be as simple as moving your desk to another part of the room or going to a coffee shop or co-working space.
2. Surround yourself with a great team.
In the earliest stages, you may be doing all the work to develop your business on your own. However, doing it alone can limit your growth. As you grow, you’ll want to dedicate more time to your overall strategy, instead of the small tasks that make up that strategy.
For example, day-to-day posting on your social media pages can be an important part of your marketing strategy. However, if you spend all of your time on the day-to-day, you’ll likely lose focus of your overall goals━and how to reach them.
Collaborating with others also expands your knowledge base. Building a company requires technical, marketing, sales, product development, hiring, design and many other types of experience. Since it isn’t likely that you are an expert in all those areas, it is important to seek help from people that do have that expertise.
3. Take care of yourself.
Your company may be the plane, but you are the pilot. If you are exhausted or stressed out, you’ll come crashing down and the business will go with you. That is why it is important to treat yourself as a vital part of your company.
Sometimes it feels like you don’t have time for a 30 minute gym workout or even a quick walk in the park, but you need to set aside time for yourself. Schedule it in your calendar like you would a business meeting, and make a commitment to doing it.
4. Track your time.
Your time is precious. Track how you use it with a time-tracking app like Toggl. Being mindful of how you work can help you identify inefficiencies and distractions. Once a week, review your timelog and propose ways to improve your efficiency. You could try working offline or the Pomodoro technique, in which you work on one project for a specific interval and take short breaks in between. The key is to experiment with different methods until you find the one that works best for you.
5. Assess your motivations.
Why are you starting a business anyway? You’ll find that if you started a venture primarily for financial gain, you are more likely to burnout fast. If it doesn’t resonate with your interests and passions, it could still be a success. However, success is more likely to happen when you are dedicated to the mission and purpose. When you experience setbacks and disappointments, that passion will be what motivates you to keep going.
As you build your business, you may go through a roller coaster of feelings of success and failure. You may even find yourself questioning whether or not you should throw in the towel. But, nothing worth pursuing is without challenges. Learn more about how we can help you overcome those challenges and grow your business.