Tip #322: Avoid the Vicious Cycle of Entrepreneurial Burnout in a Depressed Economy

On May 10, 2010, Posted by , In small business, By ,,,,,, , With Comments Off on Tip #322: Avoid the Vicious Cycle of Entrepreneurial Burnout in a Depressed Economy

“I’m living so far beyond my income that we may almost be said to be living apart.” e.e. cummings

A depressed economy is very hard on those of us who are solo entrepreneurs. With business slow or nonexistent, our incomes drop to depths we thought we would never see again. It is understandable if we start to burn out. Unfortunately, as we become more worried, depressed and stressed, it is much harder for us to do what we need to do to keep our businesses afloat.

The vicious cycle begins with a lack of income. In response, we begin to define our necessary operating costs more narrowly. However, most solo entrepreneurs must rely on outside expertise and services. Cutting out … Read the rest

Tip #321: The Catch-22 of Burnout- The More You Worry, the More You Have Reason to Worry!

On May 3, 2010, Posted by , In small business, By ,,,,,, , With Comments Off on Tip #321: The Catch-22 of Burnout- The More You Worry, the More You Have Reason to Worry!

“Sometimes I worry about being a success in a mediocre world.” Lily Tomlin

If you own your own business, it is very easy to burn yourself out. There are three tracks that lead to the stress and the feeling of powerlessness that create extreme exhaustion, otherwise known as burnout. One track begins with worry. This article looks at the steps along that track and what you can do to help yourself before you get burnt out.

There are so many things that can go wrong when you run your own business. How many times have you lost sleep because a contract fell through, you couldn’t make payroll, a big box store was moving into your market, or employee morale or … Read the rest