Blog

The Problem With B.O.B. (Business Owner BurnOut)

Business Owner BurnoutIt’s getting harder and harder for you to feel enthusiastic about your business, anymore. Most mornings, you feel a sense of dread as you drive to work. You’ve grown tired of managing your people, dealing with your customers. You’re overwhelmed by all your workload and feel burdened by what it takes to run your business, day to day. To put it

simply – the thrill of being the boss is gone.

If any of the above hits close to home, there’s a good chance you’re developing a bad case of B.O.B. – Business Owner Burnout. Other signs that B.O.B. is creeping into your life usually include:

  • You don’t feel as confident as you used to feel.
  • You find yourself procrastinating and easily distracted.
  • You’ve suddenly become a pessimist -- when you used to be an optimist!  

Did You Know The Chronic Stress Of B.O.B. Is Among The Top Reasons Small Businesses Begin To Fail?

Business owner burnout interferes with your ability to concentrate on doing what you need to do to grow sales. When you’re exhausted and overwhelmed, you’re far less likely to make strategic business decisions or take advantage of lucrative market opportunities. Worse, when you’re struggling with B.O.B. you tend to misjudge situations, or make knee-jerk decisions, which can lead to costly mistakes.

B.O.B. eventually begins to damage your relationships with key managers and staff. After a while, your relationships with customers and vendors suffer, too. Soon, you’ll begin to see good people, and potential profits, walk out the door.

Unfortunately, many small business owners decide the best way to deal with B.O.B. is to put in more hours at work. This only leads to feeling even more overwhelmed. And, as each year clicks by, B.O.B. continues to slowly erode everything they’ve worked so hard to build.

When B.O.B. Creeps In, It May Be Time To Sell Your Business.

According to experts, B.O.B. is the top reason most business owners decide to sell. Before you tell yourself, “I’m not ready to sell or retire,” consider this – if you let too many burnout years go by, you may find there’s little value left in your business to sell.

But, a funny thing happens when you admit to yourself B.O.B. is a sign you need to plan your exit. You feel a new sense of purpose and excitement. You start to see your business as an asset not simply a job you do every day. You become motivated to make the changes required to get your top sale price. Suddenly, the spring is back in your step, and you look forward to going to the office, because you know exactly where you’re headed and your future looks bright.   

Ask yourself if you suffer from business owner burnout.

Topics: Uncategorized

Gokul Padmanabhan

Written by Gokul Padmanabhan

Gokul Padmanabhan has devoted the past 15 years to buying and selling businesses, much of that in the restoration industry. His partnership with RESCON Business Brokers strengthens his hands-on expertise with a national presence and infrastructure that is second to none.

Comments: