Avoid New Business Burnout - Get An Expert Business - Coach Mark In Manila
Posted on April 06, 2022 by Coach Mark In Manila Coach Mark In Manila NLP, One of Thousands of Business Coaches on Noomii.
Avoid New Business Burnout - Get Yourself A Business Coach. British Productivity Coach - Mark In Manilla explains how not to run your business
Michael E. Gerber, a business expert once said, “If your business depends on you, you don’t own a business – you have a job. And it’s the worst job in the world because you’re working for a lunatic!”
Every day I coach many business owners who had started to burn out fast after opening a new enterprise, because they thought they must do it all themselves. Months, even years into their business life, they felt compelled to do everything themselves. They didn’t give themselves time to work on their business growth, create planning strategies or focus on future opportunities. How could they, when they were trapped in the cycle of working IN their business instead of ON their business.
In my experience business owners usually get into a particular business because they have a passion for the work. They don’t however, trust others to do what they do so well. Since they are burried with the day-to-day operation of the business, they can’t see the woods for the trees.
If you are establishing a business it’s vital to train and trust others to run your company – you must also give yourself time to grow and evolve your business. You need to invest in personal development, networking, and education to help you become a better leader and a more successful business owner. That’s where a Coach can help keep you on track – to ensure you are accountable!
How do you break the cycle? How do you find time to develop your business beyond the daily grind? It’s all about establishing boundaries, systems and scheduling time specifically focused on building strategies and planning. Firstly, build a team to help you succeed.
Building a team that works without you takes several steps:
Strong Leadership
Common Goals
Rules of The Game
Clear Plan Of Action
Support
100% involvement/inclusion
Ongoing training and skills development continues to keep your team at the cutting-edge and allows them to bring external knowledge to your company.
Once you have a team that is handling the critical daily needs of the business, you can start working on your business. Having to hit too many targets yourself makes for a very frustrating business life.
Block time to do the work required to really push your business forward. Be disciplined and set a schedule for the activities to help you evolve your business.
This systematic approach allows you to strike a balance and begin to focus on the most important role of a business owner.
The mantra: Schedule and discipline!
Employees are likely to make the right decisions more than 70% of the time. Unless all of your decisions are 100% perfect you have nothing to lose by entrusting your team.
Get a coach or mentor to ensure you continue to push you out of your comfort zone, challenge the status quo and build on your knowledge.
Stay true to the vision of your business and ensure that all your activities are focused.
Be honest with yourself and measure your business performance with data and with facts. You must use objective measures that will let you evaluate performance and progress.
Relinquish control.
“66% of businesses make it to the 2-year mark and just 30% make it to the 10-year mark. One of the main reasons for this is because very few owners spend the required 20% of time working on their business and this contributes to businesses failing (gamechanger, 2019).
Make sure you’re in the 30% by working with an expert Coach!
