Everyone has felt burnt out at one point or another in their lives. Whether studying for four finals in a week or finishing every report for the end of the quarter, we’re familiar with the feelings of exhaustion and negativity that come along with working too hard. If you’re an entrepreneur, you may actually experience burnout more often than others. While entrepreneurs get to pursue their interests, the high stakes and 63% longer work days can quickly lead to burnout.
If you’re an entrepreneur or small business owner trying to get your idea funded, you may be wondering if working less could actually be better for your business. Studies suggest that stress and burnout can cost companies up to $300 billion annually. When you’re not on top of your game, you could be costing your small business money. In addition, the stress can negatively impact your overall mental and physical health. That’s why it’s important to recognize the signs of burnout when you experience them.
Burnout causes you to feel undermotivated and negative about your work. You may feel like what you’re doing is pointless and lose sight of why you started a business in the first place. If you find yourself sniffling and coughing more often at your desk, you may also have burnout to blame. While being a small business owner won’t always be easy, there are ways to deal with every stage of running your business without overdoing it.
Check out this infographic to learn how to avoid burnout in every stage of your small business.
Meredith Wood is the founding editor of the Fundera Ledger and a GM at NerdWallet.
Meredith launched the Fundera Ledger in 2014. She has specialized in financial advice for small business owners for almost a decade. Meredith is frequently sought out for her expertise in small business lending and financial management.