How to avoid burnout as a startup founder or business owner?
It isn’t easy to be an entrepreneur. At least, in the beginning, becoming a startup founder normally entails being a one-man team multitasking everything. It’s quick to get obsessive when you’re the one who’s ultimately accountable for your company’s existence. When you’re awake, your company is breathing, and when you’re asleep, it’s sleeping. Many times, entrepreneurs feel overwhelmed, especially at the beginning, and don’t know how to make decisions. If you fall into that category, take our business assessments to make fast well-informed decisions.
Because of the long workdays, team management, product creation, distribution, and support activities coordination, it can be difficult to take care of your health as a startup founder. Even when things are going well, it’s difficult to get a good night’s sleep when you’re the person directly responsible for your company’s performance. This isn’t just true in the early months or years of a startup: after you’ve raised funds or made enough money to scale up, the desire for high success and the impact it has on expectations can be overwhelming for many people.
Owning a company is similar to owning a farm: whether things are going well or not, a founder must go to work and put in at least as much effort as the day before. Even if you’re still looking forward to the future, it doesn’t mean you’ll never experience burnout. Every entrepreneur has seen it. You hit a point that you can no longer continue. Your body is asking you to quit, your mind is playing tricks on you, and you know that you need to make a change if you want to achieve any of your long-term objectives.
Stress will destroy your enthusiasm and make you lose your motivation, whether you’re a freelancer or a startup founder. The very same motivation that pushed you to begin in the first place. If you recognize any of these signs, you might be on the verge of burnout. Everyone gets caught in a rut from time to time. However, if the feeling continues, you should exercise caution. And if that’s the case, this article is for you, as we’ll look at some of the methods you can use in order to prevent burnout and stay on track as a startup founder.
1. Put an end to the perception of being undervalued
Burnout isn’t only a result of overworking; it’s also a symptom of feeling undervalued and unwelcomed by the team and co-founders. One of the best ways to stop it is to give workers a lot of control, as well as to better grasp the company’s vision. This gives all workers a sense of ownership and decreases the workload of the founders so you don’t have to micromanage them. In their search for everyday success, everyone feels more respected and more versatile.
2. Breaks are necessary
Nobody ever said that you have to start working as soon as you wake up. You want to get a lot done, but that doesn’t mean you can ignore your health in the process. Take as many breaks as you need to clear your mind and give your body a chance to heal.
3. Everyone has clearly identified positions
Another easy but frequently ignored way to reduce burnout is for both founders – and later, workers – to have clearly established positions. Everyone on the team should make a list of their roles and share it with the rest of the team at least once a quarter, as requirements and goals can change. This provides more solidarity than separation and encourages all team members to know what the others are expected to do, preventing disputes that may occur if two or three founders or workers assign the same role to them without informing others.
4. Meditation as a method for relaxing the mind
Daily meditation sessions will help startup founders by helping them to clear their minds and concentrate on what matters most to them. You can meditate in the morning, afternoon, or evening. Just make sure you schedule time for it.
5. Every founder takes a two-week vacation at a different time each year
Another way to keep co-founders from burning out is to emphasize short-term holidays (since most founders would not allow themselves to be away from the company for long periods of time) and create a calendar where each founder chooses a two-week cycle and takes a break from the activity on a rotating basis in various seasons during the year.
6. Maintain an active lifestyle
Startup founders are always too preoccupied to exercise. But it can be harmful to your health. Even if it’s cold outside and all you want to do is huddle up in your cozy office, you must stay active at all times.
7. Accomplishments and achievements will help you stay motivated
The most important thing for you to do as a founder is to draw inspiration from your coworkers’ achievements and overall positive operational performance. Then, based on your startup goal and accomplishments, motivate yourself. Personal success stories, as well as organizational success stories, can be shared to help create business pride and get the team closer together.
8. Eat Healthily
Too many people, including startup leaders, have no idea what it means to eat well. This does not make anything right. Implement and sustain a balanced diet that will keep you feeling fantastic all of the time.
9. Get Assistance
Startup founders are infamous for having to be involved in every aspect of the company. It’s fine to take this approach at first, but you’ll eventually need assistance. You can still move to the freelance marketplace if you don’t want to recruit workers.
10. Have the margins in mind
Any new opportunity, whether it’s a new sale, an exhibition, or a conference, must be measured against the goal and average margin of your startup. In certain cases, you won’t even have a margin at first, so you’ll have to rely on the task and cash flow question: “How does this sale, meeting, or demonstration impact, match, or surpass my average margin and return?”
If the return is low, or if a sale falls below your required margin, pass on the opportunity because it will cause problems for your company. The more you concentrate on growing your margins, the less likely your company will face financial problems, as unreliable cash flow is a major cause of burnout in most startups.
11. Change your surroundings
If you work in the same office for more than 10 hours a day, you’ll eventually need a shift. Don’t be afraid to change your surroundings, even if it’s just for a few hours. This has the potential to improve your mental health while still increasing your productivity.
12. Take up a new hobby
Did you know that the majority of people have made purchases related to their hobbies? If you don’t have anything to do outside of work that you enjoy, now is the time to start. When you leave the workplace, a hobby will give you something to look forward to. It will also have something else for your mind to concentrate on. There are several activities to choose from, ranging from kite flying to sketching.
This is the last point, but it is still crucial that founders prioritize tasks and where they concentrate their energies and efforts, and that they assist their team in doing so, in order to build a more fluid market and working climate. Overworking and not producing results is one of the most common causes of anxiety and burnout – particularly when there is no prioritization – so ask what is chewing up excessive time if workers are working too many hours.
Overall, starting a business is a difficult challenge. Long hours, some strain, and a little risk are all likely on the horizon. However, you were always aware of this. If you’re establishing your own company, you’re probably enthusiastic about something. So, if you don’t want to burn out and lose your passion for your startup, it’s important that you maintain your emotional health as well as the quality of your life.
It’s quick to get off track and lose sight of what brought you there in the first place. And if you overwork yourself, you will lose sight of your goals and become engrossed in activities that have little or no long-term effect. To avoid this, it’s important that you take care of yourself and find a work style that fits you.
Many entrepreneurs have a habit of working nonstop. At the very least, intellectually, if not physically. This attitude can be dangerous and only serve to slow you down. Don’t be afraid to take a break if you feel like you’re getting stuck in a rut.
Don’t worry, your business isn’t going anywhere. And if you aren’t careful, you can lose interest entirely. Your mental health should always come first. And, at the end of the day, how can you take care of your business if you don’t take care of yourself?
If you enjoyed reading this post, check out our other posts:
- How Important Is Having Passion In Business?
- Should you quit your job to start a business?
- How to overcome the fear of starting a business?
- Importance of listening for entrepreneurs
- How to suck less at handling conflict as a CEO?
- How to get rid of burnout, exhaustion & depression as an entrepreneur and build your dream business?
- Who is a startupper and how to be one?
- Business networking for entrepreneurs
- How to get started with sales as a founder when you’ve never done it before?