Chartered Accountants

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Preventing a business burnout

Posted on Oct 21, 2015 by editor

If you’re the kind of business owner whose average working day consists of feeling anxious, exhausted, helpless or stressed, then you may be teetering on the very brink of burnout.

Burnouts are a state of physical, emotional and mental exhaustion caused by excessive and prolonged stress. They usually occur when owners feel overwhelmed or unable to meet the constant demands of running and managing a business.

In addition to negatively impacting on a business owner’s individual work performance, burnouts can also create secondhand stress for the owner’s employees or coworkers.

While running a business can take up much of an owner’s time, it is important for owners not to neglect their responsibility of staying physically and mentally healthy. To avoid burnout from happening to you, here are five tips to creating a happy, thriving workplace:

Realise that you can control your emotions
A person’s thoughts ultimately determines their feelings. We have 100% control over what we think i.e. the way we interpret situations, the expectations we place upon ourselves, so make the conscious effort to find a benefit from every situation and go easy on yourself if things don’t necessarily go to plan.

Focus on goals
Becoming goal-oriented instead of time-oriented can help to maximise efficiency and stay focused on your business’s key objectives. Regularly think about your reasons for starting the business to make sure they align with your professional and lifestyle goals.

Establish boundaries
Try to avoid working beyond a set number of hours each week, make sure you unplug from technology when you get home and spend some uninterrupted, quality time with family and friends.

Avoid multi-tasking
Multitasking has been found to reduce productivity by 20-40% and can increase the chances of making mistakes or errors. Try developing the habit of single-tasking throughout the day so you can focus completing a task with maximum efficiency.

Nurture your health
Being healthy can shield owners from stress and improve their resiliency. Regularly exercising, eating a balanced diet and getting a sufficient amount of sleep each night are all small changes that can make a big difference.

I would like to confirm that Garry Hughes has been my accountant for some years now and I can honestly say that I would not consider changing accountants under any circumstances. I am a USA Citizen having retired to New Zealand, therefore I require both a USA tax return completed every year as required by Congressional law and a New Zealand tax return completed every year as required by New Zealand tax law. Obviously this becomes quite a professional understanding by Garry as to what must be reported by each country and the dead lines for reporting and paying. Garry Hughes always performs a totally professional task and I have to say that I have not run into any problems with the work Garry does. I would not consider another accountant.
W. Bruce Johnson

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