EP81 Slash your stress levels NOW

1. Actively manage debt

• Funding and Debt: Securing loans or dealing with debt can add financial pressure, especially during slow periods or economic downturns. Budget for debt repayments, starting small with only personal financial investment to reduce stress and maintain autonomy

2. Work-Life Balance

• Difficulty Disconnecting: The need to be “always on” can lead to burnout, with many owners feeling they need to be accessible 24/7 to keep things running smoothly. Learn to delegate and perform spot checks on staff to ensure your standards are maintained. Realise that management is itself a time consuming job

3. Customer Expectations and Relations

• Marketing and Retention: Continuously attracting new customers while retaining existing ones requires constant effort, creativity, and investment. It also requires constant attention and focus separate from managing staff. Managing yourself to be smiling, available and client focussed can be tough.

4. Take a holiday

• Constant Decision-Making: Small business owners make numerous decisions daily, which can lead to decision fatigue and reduce their ability to think clearly.
• High Stakes: The pressure to make the right decisions, especially those that impact profitability or growth, can be mentally taxing.

5. Connect with other business owners

• Limited Support: Small business owners often lack a support system, especially if they don’t have business partners or a network to lean on.
• Feelings of Loneliness: The demands of running a business can limit social connections, leading to a sense of isolation.