WARNING signs that you are heading for a BUSINESS BURNOUT!

Business owners lead a stressful life. Be on look out for certain warning signs to start planning on a successful exit strategy. It is very essential to start planning on when to sell your business well in advance to avoid heartaches and losses which can be avoided with a little extra caution.

Business burnout is one of the signs that business owners need to be watch out for. It can happen with a business that’s successful or even one that is failing to grow. The right time to sell is before this syndrome becomes a full-fledged threat choking effective management of business and leaving you completely high and dry. What are these warning signs?

>>You get that isolated feeling: The owner who often feels he has been the ‘chief cook and bottle washer’ for such an extended period of time than even routine tasks of decision making and action taking seems like a mammoth task. They have been shouldering the burden alone far too long and are feeling too isolated. This isolation is making them tense and unhappy most of the time

>>No fun and all work: Of course running a business is a serious business and requires tremendous dedication and hard work. But there is a sense of enjoyment and element of happiness to trying to work for your business. Owners who find themselves dragging their feet to work with a sense of either dread or boredom should consider moving on to a fresh challenge elsewhere. Take remedial actions before the disenchantment pulls the business down.

>>Fuzzy Perspective: Owners who suffer from burnouts are so close to work they lose focus and perspective. They are unable to prioritize their work successfully; problem solving goes no further than short term stop gap arrangements. They are unable to think about the big picture and impact of their decision on long term sales & growth.

>> Just plain tired: Feeling tired all the time? Lost that passion to face the day with full enthusiasm? Well simply put many business owners burn out from the constant demand and pressures placed by operating the business day after day, week after week 365 days a year. Even short breaks don’t rejuvenate and helps regain the passion to jump back to the grind. Don’t get disheartened. Remember that sometimes the cut throat grueling schedule of business work is just not for everyone. Learn to recognize such symptoms and start scouting for expert business advisors to help you draft a proper exit strategy.

Independent business owners should learn to understand when is a good time to cash-out and move on. Don’t let the consequences of burn out catch you unawares to force you to sell your business at unfavorable terms. Instead of waiting for worse case scenarios to happen start a planned move to exit your business when it is healthy. The ability to present the business as a healthy operation with the owner in the position of ‘role model’ of success ensures much better deal during sale of a business. Don’t wait too long.

REMEMBER IT IS BETTER TO “CASH-OUT” THAN TO “BURNOUT”

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