Owning your own business is the American dream. You studied hard, worked even harder, and finally, you managed to start your own business. You’ve joined an elite group that took that dream and made it real. That doesn’t mean you can sit back and relax. Whether you have a home-based business or a traditional brick-and-mortar one, you need to pay close attention to all aspects of your business. That means you can face a lot of stress over it all. Instead of letting it get to you, read on to discover how to avoid the dreaded burnout from being a small business owner. Image Source: Pixabay
Why Burnout Is A Problem
What can lead to burnout? As Inc.com explains, there are several things that can stress out a business owner. You typically will be working harder than ever before, and all those “overtime” hours can stress you out. All that work can lead to eating poorly, not getting enough sleep, and skipping exercise. And although your business life has direction, it’s easy to forget you need that in your overall life as well.
Is getting stressed out a big problem? This is not something you can just power through. Entrepreneur.com shows that feeling burned out can lead to feeling like you have no energy. You can even start to have panic attacks and feeling like your life is beyond your control. Besides the damage this can do to your home life, imagine how it affects your small business.
Realistic Goals & Other Tips
With stress being a particular problem for business owners, how can you cope? One way to improve your chances is to set some realistic goals for both your business and personal life. Business Insider notes that you should make sure that you have a good understanding of what you can and cannot accomplish. Setting a goal you never reach is obviously bad, but making goals way too easy won’t help you feel better either.
You also need to take small breaks throughout your workday. Yes, the proverbial buck stops with you. But you cannot work that hard without getting stressed and burned out. The key to making these work is to avoid tasks during these breaks. Don’t use them as an excuse to get more done. Go for a walk, stare out the window, or just lie down for five minutes every so often to give your mind a break from stress.
Taking some breaks can be harder when your small business is run out of your home. It’s all too easy to forget you’re off work and start checking emails and working on orders. That’s why Redfin recommends that you be careful about your work hours. Some people work best in the morning, while others do better in the afternoon. Experiment to find what works for you, then use the opposite time to rest and play.
Of course, there will be times when you absolutely must work. Do what you need to do, but remember that being a business owner is stressful enough on the best of days. You have to set limits on your time and stick to them whenever possible. If your work-life balance gets out of order, you are facing burnout.
Don’t Let Stress Take Over
As a business owner, it seems like there aren’t enough hours in the day. But if you get too stressed out, your efficiency will disappear. Worse, you might end up resenting your choice to start a business. That’s why you have to worry about your stress level, make some realistic goals, and manage your work hours effectively. This way, you can be there when your business needs you the most.Shameless Plug: Using business solutions which help you do more with less effort is also a big part of managing stress. That’s what we’re all about at Artichoke. Article written by Jason Lewis
Based on feedback from our awesome community of business owners and entrepreneurs, Artichoke is now available for small teams!As your business expands and you hire additional team members, so does Artichoke! Adding users to your account is super easy:
- Log into your Artichoke account
- Add a new user in “SETTINGS”*
- Permissions can be set to easily restrict access to things like financials, select services, and client info or you can share everything openly among all team members. It’s completely up to you.
Artichoke is the all-in-one business platform for solopreneurs and micro teams in multiple industries. Check out what the app experts at Capterra had to say about Artichoke for beauty professionals in this recent review. http://blog.capterra.com/salon-software-for-solo-stylists/
If you dislike the word “report” as much as we do, read on…. At Artichoke, we don’t talk about reports, we talk about useful information presented in a simple way. It’s also a perfect transition into our latest product update, two new income blocks 🙂 Although you can easily view individual client payments inside their client profile, we’ve added two new blocks to the “Income” tab of your dashboard.
- One displays a list of your top 5 clients in order of payments received
- The other does the same for your top 5 services.
Add-on services are a powerful tool to create more revenue per client. Add-ons can increase client satisfaction and dramatically improve total income at the same time. What’s not to love? The basic idea is simple. You offer a base service and designate other services as add-ons for an up-charge. The video below explains how to enable services as add-on services so that they can be added to other services in a single appointment. If you choose to make them available online, your clients can self-select these add-on services and up-sell themselves. Don’t wait to tap into this powerful new revenue boosting feature today. How to set up add-on service in Artichoke Interested in Artichoke? Try it free today.
Although Artichoke offers an all-in-one solution which includes a website for clients to book online and share reviews, some of you already have a great looking website that’s just lacking these two critical features. So thanks to popular demand, we’ve launched the ability to add Artichoke online booking and client reviews to your existing site. Your site visitors will have a seamless experience reading reviews and booking appointments without leaving your site. Best of all, it’s super easy to set up.
STEP BY STEP 1) Make sure you have completed MY WEB PAGE set up, including step four. 2) On step four of set up, expand the “Add to your existing website” section. 3) Adjust the button color as needed. 4) Copy the embed code for online booking and/or client reviews the the desired location on your website. That’s its. So easy. If you need any help, don’t hesitate to contact us on firstname.lastname@example.org.
Oh boy. It’s that time of year again. Time to pull the shoe box full of receipts out of the closet and gather up the many different places you’ve stored your business revenue and expense information to get ready for tax preparation. For most, this is a dreaded distraction from the flow of revenue producing tasks in exchange for a mind-numbing pile of admin. Since your time is money, we decided to put together a few tips on how to make your next tax year much smoother.
- Don’t overestimate the challenge. Tax time should require no more than a summary of your income and expenses. If you’re keeping them up to date each week, manually or otherwise, then tax time should be nothing more than transitioning the summary of your revenue and expenses to CPA or into your own return if you’re self-preparing. Check out these IRS guideliness for the form you’ll need to complete.
- Track your expenses in categories that match those on your tax return. It’s tempting to create 200 different expense categories but it’s only going to make your life difficult when you need to compress them back into the categories offered on Part 2 of Schedule C for your tax return. Use the same expense categories on the tax form all year and you’ll eliminate the headache of trying to consolidate your categories later. See the categories now on Part 2 of this form.
- Use fewer tools to run your business. Less truely is more when it comes to running a solo business. Try to consolidate your daily business operation, purchase transactions, and expense tracking into one place so that you’ll only need to manage a single source of data. For many, this means ditching the three ring binder with clients notes, the mobile payment swiper, and the clunky accounting software, in exchange for a single solution that captures everything in one place. Yes, we are seriously biased in this category but even if you’re going to go with pen and paper, at least keep everything in one place. If the IRS decides to flag you for an audit (ugh), would you rather pull out 10 years of shoe boxes, apps, and handwritten notes or fire up your business platform and answer all the questions quickly?
- Use automation. Sound complicated? Well, it’s not. Today, so many tools online offer automation that converts previous manually tasks into automated tasks. Do you have a client on a regular schedule, automate the collection and recordation of the revenue. The same is true for expenses. If you’re business tools don’t offer these features, it’s time to shop around. Automation converts admin time to billable hours which means more income for you. Some business platforms even send a year end tax summary without asking you to lift a finger. Wink wink. Interested now?
Sometimes offering discounts can serve as a good incentive to promote referrals, repeat business, and add-on sales. However, as soon as you’ve got a few different deals floating around, it gets tougher and tougher to keep track of them all. Military, fire police, students, and loyalty are just a few examples on discounts that you may want to keep track of today. Artichoke now has a feature which allows subscribers to create custom discounts and assign them to specific clients so that they are automatically added to the shopping cart at check out. Each time you create a discount, it will appear as an option in the discount list for future clients making it quick and easy to select. To create a custom discount, just follow these steps: CLIENTS / Select Client / Edit / Scroll to “Discount” / “Add New Discount” Need help? Let us know and we’re on it. email@example.com
Learn more about Zapier, our integration partner. Feel free to contact us if you need any help. firstname.lastname@example.org