How supervision can reduce burnout by sharing responsibility for decisions.
How to Stop Burnout
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Burnout Example Symptoms Causes How to Solve Summary Getting Started 1 How to Stop Burnout in How to Stop Burnout in Small Business Owners Small Business Owners Tired? Stressed? What should you do?
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http://TheResourcefulCEO.com, The presentation, How to Stop Business Burnout, is aimed at small business owners. It provides the warning signs and causes of business burnout and how to stop or prevent these. [email protected], 404-642-0509
Transcript of How to Stop Burnout
Burnout Example
Symptoms
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Getting Started
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How to Stop Burnout in How to Stop Burnout in Small Business OwnersSmall Business OwnersHow to Stop Burnout in How to Stop Burnout in Small Business OwnersSmall Business Owners
Tired?
Stressed?
What should you do?
Burnout Example
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Burnout ExampleBurnout ExampleBurnout ExampleBurnout Example
One client, an owner of a marketing firm almost had a nervous breakdown. – He completely shut down - didn't return calls or
engage in sales activity revenue plummeted. • What led to this?
– Hired a superb high-level sales rep who then completely disappeared when needed most.
– Thereafter, refused to delegate.
– Worked and worried constantly.
• What happened?– Owner couldn't muster energy to follow through. Saw
therapist returned to business with renewed focus.
www.TheResourcefulCEO.com
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Burnout SymptomsBurnout Symptoms What to look for?
Burnout SymptomsBurnout Symptoms What to look for?
Symptoms of burnout include the following:
• Depression;• A continuing focus over several weeks or more
on the negatives instead of on the positives and the solutions to the problems;
• A drastic drop-off in motivation over time to go into the office, make the calls, do the work, attend meetings;
www.TheResourcefulCEO.com
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Burnout SymptomsBurnout Symptoms Cont’d
Burnout SymptomsBurnout Symptoms Cont’d
Additional symptoms of burnout:• Allowing other pursuits to overtake your
business focus; • Feeling overwhelmed;• Feeling highly stressed with little to no
satisfaction.
www.TheResourcefulCEO.com
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Burnout CausesBurnout CausesBurnout CausesBurnout Causes
The causes of burnout vary but are usually related to:
• Financial issues;• Boredom/ennui;• No clear goal or directive;• No business plan or plan of action;• Ineffectual personnel management; • Lack of systems.
www.TheResourcefulCEO.com
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How to SolveHow to SolveHow to SolveHow to Solve
The fix varies based on the cause.• If you have financial issues, talking with
business finance experts (your business banker, CFO, turnaround consultant) who can help you pinpoint the cause and come up with a solution.
• If you have no clear goals/plan, create a business plan using a software template to help determine what you want your company to look like and how you will get there.
www.TheResourcefulCEO.com
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How to SolveHow to Solve Cont’d
How to SolveHow to Solve Cont’d
• You can learn to delegate by remembering that your role as owner is to build leadership and management skills in your team to make them more effective and increase their satisfaction. If you are doing everything, you are not leading.
www.TheResourcefulCEO.com
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SummarySummarySummarySummary
• Finally, all owners can prevent burnout or turn it around when it starts by:– Continuing education via books or seminars and
conferences.– Interacting with and/or learn from other
entrepreneurs and owners. – Joining a CEO Roundtable group or Chamber of
Commerce, Rotary Club, or other organization that allows interaction with the same group of entrepreneurs on a regular basis.
• No one understands the stresses of business ownership like other owners.
www.TheResourcefulCEO.com
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Additional Information:
Solving the Capital Equation:
Financing Solutions for Small Businesses
Available on Amazon
Getting StartedGetting StartedGetting StartedGetting Started
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Thank You!
Tiffany C. Wright
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The Resourceful CEO: http://TheResourcefulCEO.com
Tiffany C. WrightThe Resourceful CEO
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