Tag: Reduce Stress

  • Take the Pressure Off: How to Help Your Team Through a Busy Work Period

    When you take up a management position, it affects how well your team performs. You need an extensive and polished skill set to help your team members realise their collective and individual objectives.

    A huge part of doing this effectively is being a reliable source of support for your team. Inevitably, in any workplace, there will be periods of time when things get extra busy or stressful — it is your job as a manager to help your team through this as seamlessly as possible. There are many ways you can do this.

    Identify the Signs of Overwork and Stress

    Identifying signs of too much work and stress within your team is very important in maintaining a healthy working environment and ensuring productivity. Burnout and stress symptoms can be identified in various ways such as increased absenteeism, frequent errors, irascibility, and a noticeable decline in interest and involvement. Workers might also display some physical signs like tiredness, headaches or just feeling weak and rundown overall.

    The consequences of an overworked and stressed team not only affect an individual’s performance but may also hinder team-building activities, thus reducing overall productivity levels. In addition to this, low morale can set in when staff members become overwhelmed by tasks and feel unappreciated, thereby creating an environment full of negativity towards work.

    When you identify these signs in your team, you should intervene promptly to reduce the impact. You can do this by frequently communicating with your employees, offering assistance where needed, and ensuring there are relevant support systems designed for handling stress among employees.

    Allow Flexible Work Arrangements

    Giving your employees flexible working hours and allowing them to work remotely can be very beneficial in relieving pressure in the workplace. This strategy can result in more job contentment, better productivity, and improved work-life balance.

    In a survey conducted by Gartner Digital Worker Experience in 2021, 43% of people who had flexible schedules at work reported that they experienced less stress and achieved more productivity by engaging more in what they do. For instance, remote work options and flexible hours have been very successful among many tech companies such as Google and Microsoft leading to higher staff retention rates and overall satisfaction levels with the job itself.

    If you want to introduce flexibility into your workplace, begin by evaluating what your team wants or needs from it. Clearly communicate expectations around remote working supported by the necessary technology already set up. Review regularly and adjust policy so that it aligns with business goals and employee requirements over time.

    Outsource Specific Tasks

    Outsourcing specific tasks is a very effective strategy to reduce pressure when your staff has an overwhelming workload during busy periods. By outsourcing non-core functions to external experts, your team can deal with more important and high-impact tasks that need to be done in-house. This not only increases efficiency but also brings in knowledge that may not be available internally.

    There are many tasks that can be outsourced like administrative work, customer service, or IT support. For example, data entry jobs, payroll processing services and tech support are common time-saving activities which can be done by other people on behalf of your staff. Marketing and creative services is another area that you can outsource, for instance, you can hire white label link building services to help with your digital marketing endeavours.

    Reward Hard Work

    To continue having motivated and productive employees, it is vital to recognize their efforts. This recognition can either be monetary or non-monetary. Financial rewards include salary increments and bonuses while non-financial rewards include public appreciation, extra days off work, and career advancement opportunities. These incentives greatly influence employee motivation and productivity. When an individual feels valued within an organisation, they become more involved in the job therefore resulting in higher performance levels, benefiting all parties involved.

    Encourage Open Communication

    It is crucial to have open communication in the workplace. This is because it builds trust between employees and creates an environment where thoughts and opinions can be expressed freely. As a leader, you should be approachable, amicable, and willing to listen actively to your team members. You can encourage open communication through regular check-ins, team meetings, and anonymous feedback channels. With such methods in place, staff members will have more than one platform through which they can share their views or express themselves. You can also use collaboration platforms so that dialogue continues on an ongoing basis.

    Emphasise a Work-Life Balance

    According to statistics, 52% of Australian employees find it hard to balance their work and personal life. This involves more than simply having a yoga session every week. It is about identifying realistic methods for managing professional duties and your private life effectively. Emphasising a healthy work-life balance accounts for a significant factor in employee welfare and general productivity. Balancing between work and personal life helps prevent burnout, reduces stress and enhances job satisfaction. Often, employees who can manage both their professional and personal lives are more involved with their jobs than those who cannot.

    You can ensure that employees balance between work and life by introducing scheduled breaks, flexible working hours, and promoting the usage of leave days. Encourage setting limits between work and personal life along with providing tools for managing time and reducing stress. An example of successful initiatives towards achieving work-life balance is the REA Group in Australia which provides flexible working arrangements and wellness programs. 

    Managing a team and taking off some pressure during busy periods is an active role that requires various strategies. These include identifying stress and overload, reducing workload through outsourcing, rewarding hard work through incentives, and encouraging open communication. It may also mean putting more emphasis on work-life balance and providing stress management resources for your employees’ welfare. By putting these strategies into practice, you will create a supportive and conducive environment where employees can perform well, even under pressure.


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  • Top 10 Biggest and Most Expensive Mistakes Entrepreneurs Make in Startups

    The road toward building and growing a startup is not a smooth one. One can always plan and prepare for every move in advance, but there will always be mistakes and hurdles along the way.

    We might think that a person running a big successful business knows absolute perfection of everything. But even the biggest entrepreneurs commit mistakes now and then.

    So, creating mistakes is always the part and parcel of any journey. However, sometimes, certain mistakes can be really expensive in startups and cause serious damage.

    Many popular entrepreneurs agree that they have made mistakes in their startups that proved to be super expensive for them in the future.

    Biggest and The Most Expensive Mistakes Entrepreneurs Make in Startups

    1. Not Hiring a Smart Team in the Early Stage
    2. Being Too Generous with Equity
    3. Getting Comfortable After the Success
    4. Being Cheap
    5. Trying to Force and Haste Things Up
    6. Getting into Partnership
    7. Trying Too Many Things at Once
    8. Stressing Over Bad Outcomes
    9. Having a Rigid Vision
    10. Getting Professional Branding in Early Stage

    Entrepreneurial Lessons From The Most Successful Entrepreneurs

    Biggest and The Most Expensive Mistakes Entrepreneurs Make in Startups

    Mistakes are not something that anyone makes on purpose, it just happens. It can be due to wrong decisions, judgment, or a move at the wrong time. Many entrepreneurs believe that the mistakes they made in their early startup stages turned out to be the biggest mistakes for them.

    Most Common and Biggest Mistakes Entrepreneurs Make in Startups
    The most common and biggest mistakes entrepreneurs make in startups

    Here are some of the most expensive mistakes entrepreneurs make in startups:

    Not Hiring a Smart Team in the Early Stage

    One of the biggest mistakes that entrepreneurs usually make in the early stages of their startups is not paying enough attention to great team building. Not hiring smarter people sooner in a startup hampers growth and progress of it.

    It is not just the goal that is important but the team that makes it happen. Entrepreneurs often get absorbed in their purpose that they forget to keep their eyes open for the smart talent. This simple mistake turns out to be really expensive with the time.

    Being Too Generous with Equity

    Another big mistake that a lot of entrepreneurs commit in a startup is that they sometimes become too generous with their equity. Equity is not something that can be taken for granted, rather it is an asset to be preserved. Many entrepreneurs admit that it was the biggest mistake they made in their early stages.

    So, instead of letting go of the equity in the employee equity pool, it is important to hold on to it for the right opportunities. Sam Parr, the founder of The Hustle, one of the most popular American media companies admitted that being generous with equity was the biggest mistake he made early on.

    Sam Parr - Biggest Mistakes Entrepreneurs Make
    Samm Parr

    Getting Comfortable After the Success

    A quite common mistake and is sure to be the biggest is getting comfortable after getting the success. When entrepreneurs get to savor the new success, they either get motivated or comfortable with it.

    Being comfortable might be good for a while but it turns out to be expensive in the long run. An entrepreneur might be able to generate a year’s money in a month and just get comfortable with it. But slowing down after that will only be an expensive mistake for the future of the startup.

    Being Cheap

    In the early stage of a startup, entrepreneurs tend to think that they can do everything on their own and save up money. Being cheap can be a huge mistake as it ultimately drops the quality of work and wastes the most precious thing that is time.

    So, instead of always saving up money, it is important for entrepreneurs to spend the money wisely to get some real help from skilled developers, designers, and more. Distributing the work within a skilled team ensures great quality of work and better money-making capacity.

    Trying to Force and Haste Things Up

    This is quite a common mistake that everyone tends to make. There is no doubt that the competition in the market is massive and to keep up with it, entrepreneurs sometimes try to force and rush things up. It may work for a while but in a long run it turns true to the statement, “Haste makes Waste”.

    This mistake’s result might not be visible immediately but it can lead to various hurdles along the way in the future. Doing the work quickly and forcefully can turn out to be one of the most expensive mistakes for any entrepreneur in a startup.


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    Getting into Partnership

    This is another mistake that entrepreneurs tend to make in startups. The road of entrepreneurship can be a lonely ride. So, to have a support system by their side, entrepreneurs bring in a new partner or co-founder without thinking much.

    It is always better to partner with people who are already known and trustworthy. Having someone unknown leads to conflicts, and there is always a lack of trust, which ultimately hampers the success of a startup. Many entrepreneurs believe this to be an expensive mistake made by them in their startups.

    Trying Too Many Things at Once

    Entrepreneurs are known for their multi-tasking skills. But in many cases, they admit that this is a mistake that can be quite expensive for a startup. Entrepreneurs try to cover too many things all at once. This prevents them from fully focusing on one particular goal.

    The most important thing is to always keep the main goal in mind and do things along the way. But when entrepreneurs start giving attention to too many things, they get distracted from the main goal, which makes for a really expensive mistake on their part.

    Stressing Over Bad Outcomes

    Another mistake that proves to be expensive for entrepreneurs in startups is when they stress too much over the bad outcomes. Many entrepreneurs believe this to be one of their biggest mistakes as it demoralizes them and ultimately leads to more negative outcomes.

    Everyone needs to understand, accept and learn from their mistakes rather than stressing over them for too long. Stressing too much creates distraction, and burnout, and can lead to some of the biggest mistakes in a startup. If Elon Musk had stressed the failure of his cyber truck, he would not have been able to stay at the top till now.

    Elon Musk Cyber Truck
    Elon Musk Cyber Truck

    Having a Rigid Vision

    One of the biggest mistakes that entrepreneurs make in startups is being too rigid with the vision. Entrepreneurship is a process of continuous learning. Having a vision is essential, but not being flexible about it along the way, makes for an expensive mistake in any startup.

    Running a startup is about continuous discussions, focus on new market trends, understanding users, taking in the feedback, and more. So, not validating the transitions and being rigid only leads to a dead end.


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    Getting Professional Branding in Early Stage

    Another biggest and most expensive mistake that some entrepreneurs make is indulging in professional branding even before the startup is ready for it. Creating a mark in the market with branding is important but spending too much on it in the early stage robs the entrepreneurs of the funds that are otherwise essential for the future.

    Getting into professional branding too soon can be a huge risk that might pay off well or just turn out to be a horrible and expensive mistake for an entrepreneur.

    Conclusion

    The journey of a startup is full of highs and lows. There are days full of celebration of success and there are days full of regrets too. No matter how perfect the team and systems are, there is always scope for some mistakes to happen along the way.

    The above-mentioned are some of the biggest and most expensive mistakes that entrepreneurs make in startups. One can always learn from these mistakes and try to avoid them as great entrepreneurs are not the ones who do not make mistakes every now and then but the ones who also learn how to deal with them.

    FAQ

    What are the expensive mistakes entrepreneurs make in the early stage of a startup?

    • Not building a smart team
    • Being too generous with equity
    • Trying to force things up
    • Trying too many things at once
    • Having a rigid vision
    • Getting into a partnership without thinking

    What are some biggest mistakes that startups make?

    • Obsessing over funding
    • Waiting too long to start
    • Losing focus
    • Forgetting the competition

    What mistake should small businesses avoid?

    Small businesses should avoid paying too much for the services.

    Do successful entrepreneurs make mistakes?

    Yes, even successful entrepreneurs make mistakes, sometimes out of too much excitement or simply out of the wrong ability to judge the outcome.

  • 7 Best Ways to Avoid Burnout When Starting a New Business

    Burnout has become so frequent in our society that it is sometimes regarded as a sign of success. We value productivity and hustle but often neglect our mental and emotional health as a culture.

    Burnout, often known as “high achiever disease,” is a type of persistent stress that produces psychological, physical, and emotional pain, rendering many people unable of continuing. Burnout is becoming a major problem, particularly among young hustlers.

    Running a business is stressful whether your company is in its fledgling stages or beyond. Many entrepreneurs experience burnout and lose their entrepreneurial enthusiasm as a result of their exhaustion. Not everybody deals with stress well, and not everyone has someone to talk to. Here are some of the best ways to avoid burnout when starting a new business and reduce stress level to a great extent.

    7 Ways to Avoid Burnout When Starting a New Business

    1. Get Organised and Set Goals
    2. Exercise
    3. Caffeine Intake Management
    4. Give Yourself a Break
    5. Meditate
    6. Socialise
    7. Proper REM Sleep and Nutrition

    Conclusion
    FAQs

    How to avoid Burnout?

    Get Organised and Set Goals

    It can be a significant source of worry if you don’t control your day-to-day company administration tasks, files, revenue and other data. Disorganisation is nothing more than a distraction while you’re working hard and focused on your job. Taking the effort to arrange your computer, files, workstation, and routines might help you avoid stress-related burnout.

    Avoiding unneeded stress is a big part of preventing burnout. Setting goals and objectives by generating a to-do list the night before or first thing in the morning when you have your breakfast before starting your day is one approach to achieve this. This can help you stay focused and relieve stress by allowing you to see where you are on your to-do list.


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    Exercise

    Exercise to avoid Burnout
    Exercise to avoid Burnout

    Getting active is one of the most effective methods to combat burnout. Exercise has been scientifically proved to increase mood, reduce general tension levels, improve sleep, and boost self-esteem.

    You don’t have to begin your training as a wrestler or an athlete. However, dedicating 30-40 minutes to exercising each day might help you prevent burnout. Yoga, spinning, jogging, kickboxing, or simply a brisk 20-minute stroll around the neighbourhood can regularly improve your attitude and energy levels.

    If you don’t have time, walk to your office if it’s not too far away, or walk to the grocery store when you purchase your groceries. It is also possible to walk while conversing on the phone.

    If you work from home, take a stroll around the house; grab a wired or wireless headphone and take a walk around the building if you work in an office. If you exercise in this way, it will not feel like exercise since it will blend in with the work you’re doing, and you will have completed the appropriate amount of activity while completing your tasks before you even realise it.

    Caffeine Intake Management

    Never forget that coffee is a narcotic and a stimulant, not a healthy beverage. Caffeine withdrawal causes headaches in many people who drink coffee, even decaf. The objective is to consume coffee or caffeine-based items at a pace that is no higher than before the startup.

    Misuse or overuse may lead to issues such as consuming too much or too late before night, preventing you from falling asleep and leading to destructive sleep patterns and feeling weary and drained in the morning, resulting in zero productivity at work. You can also get so reliant on it that if you don’t have it, you’ll feel sluggish and in desperate need of a pick-me-up.

    Having to be boosted by coffee rather than your thinking is a crutch; instead, drink some water, eat some fruit, or eat anything wholesome that will provide natural and good energy. Eat an apple if you want to stay up for a long. It has a decent dose of caffeine.

    Give Yourself a Break

    The difficulty with being exhausted and anxious is that it’s difficult to see things. By overworking yourself, you’re trapping yourself in a vicious cycle of completing short-term goals one after another, giving yourself a sense of accomplishment but never allowing yourself the space, tranquilly, or time to elevate your vision and move the business ahead.

    The burning need to show others how hard you’re working, as well as the concern that if you slow down, they’ll claim you can’t keep up, is another significant difficulty for many business owners. The critical thing to remember is that you are the only owner of the company. Thus it would be best if you thought more competent rather than faster.

    Changing your attitude about rest is the most effective strategy to avoid burnout. Rather than thinking of it as lazy and unproductive, think of it as working and preserving your energy for later tasks. If you want to develop a long-term profitable business, you need to take time off. To be fully productive at work, your brain must focus on things other than work. At the absolute least, take a 20-minute break every couple of hours. Also, don’t forget about weekends and vacations. Taking longer breaks might help you make better decisions.

    Meditate

    Mediation to avoid burnout
    Mediation to avoid burnout

    Meditating is a highly effective method to avoid burnout. According to many highly successful entrepreneurs, meditation may help you prevent burnout and help you feel peaceful and enhance your productivity. Meditation has several advantages, including reduced heart rate, blood pressure, anxiety, and stress, among others.

    Meditation is an excellent approach to prevent burnout since it can be done anywhere and at any time. Take a seat, straighten your back, and focus on each deep inhalation and exhalation.

    If you have trouble concentrating on anything, you may use several applications and online videos to take you through meditation.


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    Socialise

    Humans are social creatures, and for most people, socialising is practically like brain fuel. If you are a lone entrepreneur, this is especially true if you operate in an atmosphere where socialising in a professional setting is not considered socialising at all. So go out and mingle, whether it’s at a family gathering, a relaxing cafe, a cosy bookstore, or even a modest diner. Make time for your friends and family since spending time with them might help you feel less stressed and calmer.

    Proper REM Sleep and Nutrition

    Food and sleep are almost equally crucial for your overall health. You can stay up late to finish your work or anything else you want to do in that time, but you can’t expect your body or mind to operate correctly if you don’t get appropriate enough (REM) sleep. The same applies to all of your favourite fatty and tasty foods, eating them in an unhealthy amount daily will have a negative impact on your productivity. So make a conscious effort to eat healthily.


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    Conclusion

    It doesn’t matter if your company is doing well, is still in its beginner phase or if it’s not going well. Your mental and physical health must always come first since you won’t be able to do anything if you’re sick or completely burnt out. So don’t be too hard on yourself and never compare your productiveness to someone else’s.

    FAQs

    What is burnout?

    Burnout is a psychological term that relate to feelings of energy depletion. It is a state of emotional, physical, and mental exhaustion caused by excessive and prolonged stress.

    How can entrepreneurs prevent burnout?

    Entrepreneur can prevent burnout by following simple ways:

    • Get Organised and Set Goals
    • Exercise
    • Caffeine Intake Management
    • Give Yourself a Break
    • Meditate
    • Socialise
    • Proper REM Sleep and Nutrition

    Can meditation restore energy?

    Yes, meditation significantly improves brain function and energy levels and helps you out in reducing stress level.