SME OWNERS AND BURNOUT
We wrote about this a few weeks ago. The life axis of SME owners oscillates between the desire for financial comfort and the stress that sometimes reaches unbearable levels.
Research conducted among SME owners shows that brave and solitary business owners like you are burdened with stress beyond what they can carry due to the following 4 main issues:
- Disproportionate workload, daily working hours of 12-16 hours
- Financial uncertainty, especially unpredictable fluctuations in turnover
- Psychological pressure caused by lack of knowledge in business management
- Poor nutrition and inactivity due to lack of time and excessive workload
If you do not establish and apply the right business strategies, the small business you started with big dreams may lead to the above issues and burnout, the pandemic of our time.
The foundation of the four factors above, which lead you to burnout as an SME owner when starting and growing your business, is the lack of an exit plan for your business.
We can express this more clearly with the principle of how your subconscious works.
Just like every human being, your subconscious has a primitive, simple structure. It seeks clarity in situations. Events with no clear beginning or end disturb your subconscious, as it does not like uncertainty. If exposed to uncertainty for too long, the subconscious switches to "survival" mode and instead of developing a reasonable response to the surrounding events, it provides instantaneous, reactive, and unproductive answers.
Now, let’s focus this reality about how your subconscious works on your business and you.
For your business to generate the desired cash flow, your subconscious needs to see and visualize a destination, an exit point. It views your business as a mechanism, a tool that generates cash for you. As long as your business does not provide you with the desired income and comfort, the belief that your effort and daily hustle are worth it diminishes day by day, year after year. As your belief fades and your workload increases proportionally, hopelessness begins to prevail. Long-term accumulated hopelessness leads to burnout.
If you’ve visualized this cycle that drags entrepreneurs into burnout, you’re now ready to listen to the solution to this problem.
A business that operates smoothly and generates free cash for you without you being present is called a commercial establishment. To say "I am a business owner," you must exit from your business. If you are working in your business like an employee, you are not a business owner; you are an employee in your own business. The only way to exit your business is by scaling it. Scaling your business means making it produce more revenue while consuming fewer expenses and costs. However, scaled businesses ease the owner’s exit by maximizing the free cash and facilitating the exit.
How can you scale your business and exit with your pockets full?
Through the proven methods in our BCC Scale & Exit program, specifically designed for SME owners.
If you are an SME owner with an annual net turnover between USD 2-10 million, you need an exit plan to create the free cash you desire without exhausting yourself and ensuring your business runs smoothly and generates profits without your presence.
Call us immediately before your business consumes you further.
You will never see the owners of large companies like Coca-Cola and Novartis in the company for even a day. This is because they managed to make their businesses run smoothly without needing them and exit with their pockets full.
You can do it too.
How ready is your business to continue without you? How unready is it?
Call us.
Let’s measure it with our "How Ready is Your Business for Exit?" test, which will take only 2 hours of your time, and guide you on how to safely prepare your exit plan.
To your success and well-being in the business world,
Business Coach for CASH
Your Business Coaching Team