BUILD THE BUSINESS YOU WANT

How to Avoid Burnout Running a Small
business

Starting a business

Starting a business is an attractive proposition, the freedom it offers us is unparalleled. We get to choose to do what we want the way we want, who we do it for, how much money we make and who we work alongside. However, that opportunity of freedom does not come easily. Small business burnout is a common issue that many small business owners face. These small business owners begin to struggle with their time, their energy, and exhibit symptoms of burnout long before they ever come close to realising the opportunity that they have as an entrepreneur and the potential that their business has. To help avoid burnout avoid the typical things that small businesses do badly.

George Swift
Author : George Swift
Author : George Swift

How to Avoid Burnout Running a Small business

Starting a business

Starting a business is an attractive proposition, the freedom it offers us is unparalleled. We get to choose to do what we want the way we want, who we do it for, how much money we make and who we work alongside. However, that opportunity of freedom does not come easily. Small business burnout is a common issue that many small business owners face. These small business owners begin to struggle with their time, their energy, and exhibit symptoms of burnout long before they ever come close to realising the opportunity that they have as an entrepreneur and the potential that their business has. To help avoid burnout avoid the typical things that small businesses do badly.

George Swift
Author : George Swift
Author : George Swift

The Right Information

There is so much information available to business owners, whether it’s books, webinars, coaches, educational products, seminars, etc meaning that it can be hard to know what is important to implement and what is not. Along with the good information, there is also a lot of bad information out there for small business owners that can end up hindering their progress, rather than accelerating it. A lot of information is not relevant to small business owners. This means that they run the risk of implementing tactics and strategies that are not appropriate for where they are in their business growth journey.

The right Gear

At Bigger Brighter Bolder we often talk about making sure that the business and its owner are in the right gear. Think of yourself and your business as a car, the engine in your car gives it the potential for how powerful it is and how fast it can go, it needs to be in good and healthy condition. The same is true for a business owner’s physical and mental health, the healthier the business owner is, the more potential there is for success and revenue in the business. However, the power in a car only translates to speed when you put it through the gearbox and it is important to ensure that you are in the right gear. The same is true for your business, in order to achieve revenue you need to use the correct tactics and strategies for the level that your business is at. You wouldn’t drive around in first gear, so why would you continue to use start-up strategies or tactics that are not relevant for where your business is today? Maybe you need to be in third gear, fourth gear or even fifth gear, the important thing is finding the right gear for you. Small business burnout can be a result of staying in start-up, and early-days, thinking and execution. To avoid small business burnout, it’s important to upgrade to the right approach at the appropriate time and address the top reasons startups fail.

Avoiding Burning Out

To avoid burning out, we need to understand that growing a business is the same as building speed in a car. We start in first gear and we apply first gear strategies and tactics. Then we shift to second gear and apply second gear tactics and strategies, then third, fourth and fifth. This is how a car that can only do 30mph in first gear can eventually cruise on a motorway at 70mph, by moving up to the appropriate gear and building speed. It’s important to know what gear you should be in. All businesses have the same 24 hours per day, yet some max out at £30K turnover, while other businesses are doing £1,000,000, £2,000,000 and even £10,000,000 turnover with the same amount of time. It all comes down to finding the right gear. Too many small businesses get stuck in first or second gear and rev their own personal engine and the engine of their business to the max, running the risk of burnout. Small business owner burnout signs can include exhaustion, decreased motivation, and feelings of being overwhelmed. To avoid this, they should be aware of when to implement the next gear’s strategies and prioritise self-care. Equally, don’t get ahead of yourself. Applying million-pound strategies whilst turning over £50K is the equivalent of trying to pull away from the lights in fifth gear.

To conclude, one of the best ways to avoid burnout as a business owner is to make sure that you are applying the right thinking, tactics and strategies at the right time and working through the gears for the next step, first gear, second, third and so on.

If you want to find out more, register for one of our workshops by clicking here.

The right Gear

At Bigger Brighter Bolder we often talk about making sure that the business and its owner are in the right gear. Think of yourself and your business as a car, the engine in your car gives it the potential for how powerful it is and how fast it can go, it needs to be in good and healthy condition. The same is true for a business owner’s physical and mental health, the healthier the business owner is, the more potential there is for success and revenue in the business. However, the power in a car only translates to speed when you put it through the gearbox and it is important to ensure that you are in the right gear. The same is true for your business, in order to achieve revenue you need to use the correct tactics and strategies for the level that your business is at. You wouldn’t drive around in first gear, so why would you continue to use start-up strategies or tactics that are not relevant for where your business is today? Maybe you need to be in third gear, fourth gear or even fifth gear, the important thing is finding the right gear for you. Small business burnout can be a result of staying in start-up, and early-days, thinking and execution. To avoid small business burnout, it’s important to upgrade to the right approach at the appropriate time.

Avoiding Burning Out

To avoid burning out, we need to understand that growing a business is the same as building speed in a car. We start in first gear and we apply first gear strategies and tactics. Then we shift to second gear and apply second gear tactics and strategies, then third, fourth and fifth. This is how a car that can only do 30mph in first gear can eventually cruise on a motorway at 70mph, by moving up to the appropriate gear and building speed. It’s important to know what gear you should be in. All businesses have the same 24 hours per day, yet some max out at £30K turnover, while other businesses are doing £1,000,000, £2,000,000 and even £10,000,000 turnover with the same amount of time. It all comes down to finding the right gear. Too many small businesses get stuck in first or second gear and rev their own personal engine and the engine of their business to the max, running the risk of burnout. Small business owner burnout signs can include exhaustion, decreased motivation, and feelings of being overwhelmed. To avoid this, they should be aware of when to implement the next gear’s strategies and prioritise self-care. Equally, don’t get ahead of yourself. Applying million-pound strategies whilst turning over £50K is the equivalent of trying to pull away from the lights in fifth gear.

To conclude, one of the best ways to avoid burnout as a business owner is to make sure that you are applying the right thinking, tactics and strategies at the right time and working through the gears for the next step, first gear, second, third and so on.

If you want to find out more, register for one of our workshops by clicking here.

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