Start-Up Burnout: How to Prevent & Prevail
Starting a business is no mean feat. It takes planning, determination and a bucketload of motivation. Unfortunately, many entrepreneurs fly out of the starting gate too fast, and find it hard to maintain the momentum they had in the early days of their business. Fatigue and mental exhaustion soon set in, leading to burnout. If that sounds familiar to you, here are some tips to help you avoid – or recover – from business burnout.
Just say NO
When you’re just starting out, it’s all too easy to fall into the ‘yes’ trap. A prospective client calls you on Friday afternoon with a big project that’s too lucrative to turn down. The only problem is they need the work by Monday; it’s work that would usually take you a full working week to complete. What do you do? Of course, when you’re just starting out, it’s often necessary to take on projects with little notice – you need the cash flow after all. However, many new business owners fall into the trap of saying yes to every demand, even when their client base is established and strong. Knowing when to say no is key to avoiding burnout. Not only will you be able to better balance your work and home life, but you’ll also learn how to better manage client expectations in a way that suit you.
It’s important to know your limits. Be realistic about what is and isn’t achievable in the first year or two of your business. You may have grand plans for the growth and development of your start-up, but if you bite off more than you can chew, the chances of you achieving your goals are greatly diminished. Make sure your business plan is realistic; a financial advisor will be able to help you.
Take a break
Don’t be the proverbial busy fool; take time out to relax and unwind. Starting a business can be a minefield of stress-inducing decisions and tasks, so it’s important that you give yourself the mental space to disconnect and rest. When faced with difficult decisions, it’s much easier to think clearly when you’re well rested and relaxed. Remember: skipping that day off could cost you more than a day’s work – it could cost you your business.
Take care of yourself
Take care of your health. Without it, who will run your business? By eating well, taking regular exercise and taking time out to relax and unwind, you’ll reduce the risk of getting ill.
Ask for help
Don’t let pride be your downfall. If you’re struggling to get your company off the ground, ask for help. There are plenty of start-up support services available in the UK, so don’t be afraid to use them. If you haven’t already, seek out a business mentor. Even the most successful entrepreneurs in the world have had mentors at some point in their careers – you deserve to benefit from the support of an experienced business leader too.
Don’t let the finances of your start-up run away from you, get in touch with UWM. We offer Leeds and UK-based businesses powerful support designed to help fast-track start-ups from formation to financial success. For more information, contact our team today. Call 0113 231 0202 or send us a message using our online contact form.