Updated: Dec 16, 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:
Having trouble getting motivated
Being irritable or impatient with coworkers and customers
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