{"id":7665,"date":"2021-03-23T21:01:50","date_gmt":"2021-03-24T03:01:50","guid":{"rendered":"https:\/\/certusbookkeeping.net\/?p=7665"},"modified":"2021-02-04T16:30:54","modified_gmt":"2021-02-04T23:30:54","slug":"main-causes-of-stress-for-business-owners-how-to-counter-them","status":"publish","type":"post","link":"https:\/\/certusbookkeeping.net\/main-causes-of-stress-for-business-owners-how-to-counter-them\/","title":{"rendered":"Main Causes of Stress for Business Owners &amp; How to Counter Them"},"content":{"rendered":"<p>Many entrepreneurs believe that hard work and dogged determination are all it takes to build and sustain a successful business. But when you consider the pressures of running a company, it seems wise to add effective stress-management to the list. Left unchecked, stress can erode your passion and undermine performance &ndash; not to mention, take a serious toll on your health.<\/p>\n<p>Research compiled by <a href=\"https:\/\/www.officevibe.com\/blog\/infographic-stress-at-work\">Office Vibe<\/a> reveals that over 70% of professionals regularly experience the physical and mental symptoms of stress. And stress-related illness costs businesses a whopping $200 billion a year in missed work and medical bills.<\/p>\n<p>Wondering how you can stop stress from derailing your productivity, profits, and overall wellbeing? Follow these practical tips for avoiding the main causes of &ldquo;business burn-out.&rdquo;<\/p>\n<h3>So many tasks, so little time!<\/h3>\n<p>Busy business owners have notoriously long to-do lists. Without effective strategies for managing time and sharing the load, you&rsquo;ll be forced into a <em>reactive<\/em> versus <em>proactive<\/em> position &ndash; the perfect storm for chronic stress and impaired decision-making.<\/p>\n<p>Try these approaches to free up more of your time:<\/p>\n<ul>\n<li>resist the urge to micromanage and begin delegating more tasks to partners and employees<\/li>\n<li>use a project management tool&nbsp; to prioritize and assign tasks,&nbsp; track progress, and share results with clients (here&rsquo;s a handy list of <a href=\"http:\/\/www.capterra.com\/project-management-software\/\">top-ranked tools<\/a>)<\/li>\n<li>hire an accountant to help you navigate taxes and implement year round time and money-saving financial solutions.<\/li>\n<\/ul>\n<h3>Maintaining positive cash flow<\/h3>\n<p>All businesses, particularly start-ups, must ensure they have enough cash to keep running after covering expenses each month. Cultivating a consistent cash flow is crucial for managing both your finances and your stress levels. Here are a few ways to stay cash flow positive:<\/p>\n<ul>\n<li>follow up promptly on unpaid bills, and consider offering an incentive for early bill payment (such as a small discount when payment is received within five days of invoicing)<\/li>\n<li>be wary of slashing prices: if you must mark down a product or service, be sure you can recover your costs elsewhere<\/li>\n<li>think &ldquo;less is more&rdquo; when purchasing inventory to avoid sinking precious cash into excess stock<\/li>\n<li>have a trusted employee monitor your cash flow, and inform you once it dips below a certain threshold.<\/li>\n<\/ul>\n<h3>Attracting new customers<\/h3>\n<p>Starting to panic because you keep missing your sales goals? Auditing your current approach and implementing better growth strategies is key to alleviating that stress. Here are a few ideas to get started:<\/p>\n<ul>\n<li>drill down into the behaviors and preferences of your customers, so you can better target your marketing<\/li>\n<li>analyze each step in your sales process to see where the holes are, and tighten your approach<\/li>\n<li>use your audience research to develop a new product or service &ndash; one that fills a unique need for your customers and gives you a leg up on the competition.<\/li>\n<\/ul>\n<p>Starting and growing a business takes tremendous energy. But by leveraging skilled help and improving key management processes, you&rsquo;ll learn to pace yourself &ndash; and keep that passion burning for years to come.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Many entrepreneurs believe that hard work and dogged determination are all it takes to build and sustain a successful business. But when you consider the pressures of running a company, it seems wise to add effective stress-management to the list. Left unchecked, stress can erode your passion and undermine performance &ndash; not to mention, take &hellip; <a href=\"https:\/\/certusbookkeeping.net\/main-causes-of-stress-for-business-owners-how-to-counter-them\/\">Continued<\/a><\/p>\n","protected":false},"author":2,"featured_media":8241,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[1],"tags":[],"jetpack_publicize_connections":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Main Causes of Stress for Business Owners &amp; How to Counter Them - Certus Bookkeeping<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Main Causes of Stress for Business Owners &amp; How to Counter Them - Certus Bookkeeping\" \/>\n<meta property=\"og:description\" content=\"Many entrepreneurs believe that hard work and dogged determination are all it takes to build and sustain a successful business. 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