How to stop suffering from business owner burnout
Updated: Dec 15, 2019
Could you do me a favor? Read the list below and mentally check all that apply to you:
__ I am frustrated by the way my business is going.
__ If someone offered to buy my company today, I would strongly consider it.
__ I’m worried about hiring the right people, retaining customers, and growing my cash flow.
__ The younger workforce is driving me crazy.
__ Going into work doesn’t bring me the energy and satisfaction it used to.
__ My home life and personal time are becoming more important to me.
If you checked more than two of the above statements, then you could be suffering from career burnout.
According to the Mayo Clinic, career burnout symptoms include:
Feeling cynical
Having trouble getting motivated
Being irritable or impatient with coworkers and customers
Low productivity
Low energy and concentration
Feelings of dissatisfaction and disillusionment
You’re not alone
According to Charlie DeWitt of Kronos, burnout is at “epidemic proportions.”
The Small Business Administration’s key findings from 2018 also point to the shocking frequency for which businesses are closing their doors due to retirement and being just plain old tired. In its report, the U.S. Census Bureau Annual Survey of Entrepreneurs showed that of businesses with employees that closed in 2015:
The No. 1 reason was low sales
The No. 2 reason was owners retiring or selling the business
It doesn’t have to be this way
As President of Lion’s Way, I’ve helped hundreds of great leaders capitalize on years of hard work so they can move on to the next chapter in their lives: one that’s focused on more memories, not more meetings.
Our solutions at Lion’s Way are about fixing what’s not working and taking a look at all the options, not just closing your business. Our three levels of service cater to your unique goals no matter where you are in your career.
Biz TuneUP – This program is intended to help business owners identify gaps in processes and personnel that are preventing them from success.
Profit Maker – This Lion’s Way offering caters to business owners who need some guidance to get revenue growth back on track, optimize efficiencies, and promote sustainable profits.
Biz Sell$ -- Sometimes when a client goes through the Biz TuneUP or Profit Maker process with us, it’s determined that selling the business is the best, most prudent choice. As a partner in this life-changing decision, we offer you:
Total confidentiality
Classified business profile
Financial analysis & projections
A list of prospective buyers
Strategies for selling
Review & analysis proposals
Meeting support with prospective buyers
Let’s talk
If you’re ready to move on with your life but want to make sure you’re maximizing your exit strategy, I would be happy to discuss with you the many solutions you have at your fingertips.
Set up a free consultation with me by calling (218) 331-5627 or emailing scott@lions-way.com.
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