On the Brink of Collapse?

By July 3, 2017Uncategorized

Managing your own business can be appealing, liberating, and empowering, but it can likewise be exhausting. For some business people, inspiration does not perpetually flow smoothly. If you seem unambitious and indifferent, you could be on the brink of collapse.

Too much pressure can weaken your enthusiasm and motivation. Severe burnout can cause subconscious and substantial health concerns ranging from clinical depression to heart conditions.

Recognizing these signs, and, what you can do about them is important.

If it feels like you are always working, then you should purposefully set limits. The balance between work and life isn’t just a corporate jargon. Setting up the boundaries between work and life can help counter your work burden. Set your agenda, block off specific days for your personal life, and set an auto-respond on your emails during certain hours when you need a recess.

If you feel like you were all the hats, then start to delegate some of those tasks. Wealthy business owners don’t waste precious time on duties that can be assigned. Your most valuable resource is your time. If a time-consuming task or does not deliver direct value to your company, consider assigning it to another employee. This will allow you to use your time more efficiently so you can concentrate on high-value tasks.

If you feel like you have no energy, make sure you are getting plenty of sleep, a well-balanced diet, and exercise as much as possible. To enhance sleep, recommendations from established national institutions range from setting bedtime routines and arranging the time for exercise. With increased rest, you will be more prolific. Using a sleep calculator can help you decide the best time to sleep and wake up based on your schedule.

Feeling uninspired? Grant yourself time during the work day to mentally regroup and get motivated. To keep the entrepreneurial juices flowing, go for a walk, play a sport, or involve your team in an entertaining project.

Are you working 365 days a year? Plan some time off. If your company schedule precludes you from taking time off, plan personal days off during the slow days of the week. Maintaining consistent days off will benefit you and establish a habit of not working seven days a week. Over 55% of owners work during most holidays.

R&R? What’s R&R? Small business owners take fewer vacations, presenting them limited time to revive and recharge. Using vacation time has significant health advantages such as reduced risk for heart conditions and depression. Try scheduling your vacation for the same time each year, so, your clients and workers can anticipate it.

Being on the brink of collapse does not make you more fruitful. The fact is that it does the exact opposite. Identify the signs and stay ahead of the curve.

Our purpose at Lendini is to release the potential of each small business by equipping them with appropriate and timely access to working capital. We use information, technology, and personal expertise to maximize the potential in every business we fund.

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