Entrepreneurs are a different breed. They have big dreams and take action rather than sitting on their hands. However, a common trait amongst young entrepreneurs is that they all tend never to want to stop and thus will experience burnout rather quickly into their careers. Fortunately, there are a few ways to be proactive about this issue. The following list includes three common mistakes made by entrepreneurs that cause burnout.
Not Financially Planning
Contrary to popular belief, it is not the actual product or service that brings down a start-up but rather their inability to financially plan properly or at all. As the old saying goes, “If you fail to plan, you are planning to fail.” This constant need to put out financial fires can quickly turn a fun business journey into a nightmare. Therefore, aspiring entrepreneurs need to understand that before any actions are taken that your expenses and other financial variables are placed on paper.
Living at Work
As stated above, most entrepreneurs are on “Work Mode” 24/7. And although the thought of being the first one in and the last one out is admirable, it can take its toll on your body and mind. One of the most dangerous things you can do is leave your work extremely drowsy. Being drowsy isn’t just dangerous, it can lead to numerous illnesses from the common cold to heart diseases if continuously done for years. Basically, don’t live at your work. Take time to disconnect and spend time with your friends and family. A rested mind and body will provide you with much better results.
Not Delegating Enough
Your business is your baby, and nobody will care about it as much as you do. This is often the idea some entrepreneurs have about their business, which then leads them to want to do everything. However, this can quickly lead to burnout. It is incredibly important to delegate as much as you can. Leave the tedious tasks of the day to your staff in order for you to concentrate on the big picture.
Starting up your first company is truly the dream for many. This means it is important to approach it the right way. It’s extremely important that you understand your limitations of how much you can truly handle in a day. If you are finding that you are doing some of the actions stated above, then you might need to re-evaluate your workday.