Being a small business owner can be an incredibly stressful job. Read on to learn the top 5 stress management tips for small business owners.
A study conducted back in late 2016 revealed that more than one-third of all small business owners in the UK lose the motivation required to run their business at least once every year due to stress.
Those who took part in the study said that financial worries were the No. 1 cause of their stress. But they also reported being stressed out due to health issues, a lack of time with their families, and more.
Are you a small business owner currently dealing with a seemingly insurmountable amount of stress? By learning effective stress management tips, you might be able to overcome the stress you feel and manage it much better.
Let's take a look at the 5 stress management tips every UK small business owner needs to know.
1. Start Each Day by Creating a Schedule for Yourself
For small business owners, it's easy to feel overwhelmed day in and day out. There is always so much to do, and as soon as you finish one task, another appears out of thin air. It can make it feel like you're never actually getting anything done.
If you've fallen into this rut, it's time to regain some control over your work life. Begin each and every workday by sitting down and coming up with a schedule for yourself. Start with the most important tasks first and then work your way down the list until you get to the things you could conceivably put off until tomorrow.
By doing this, you'll create some structure for your day and avoid the stress that often accompanies not knowing what you have to do next. You'll also feel a sense of accomplishment that comes along with physically checking things off your to-do list.
This won't get rid of all your stress. But if it will point you in the right direction and help some of your stress dissolve almost immediately.
2. Delegate Tasks to Others When You Can
As the owner of a small business, you probably feel like you should have a hand in every single task that needs to get done. It's easy to get bogged down throughout the course of a day by a bunch of tiny tasks that could very easily get done by someone else.
If you feel like you're spending too much of your time tackling small projects, find a way to delegate them to someone else. If that means hiring someone to handle something like answering the phones or working the cash register, do it!
It'll be a small price to pay for the relief it'll provide to you and your brain. You won't feel as stressed out as you normally do once you start delegating tasks to others on a regular basis.
3. Make Sure You're Eating Enough and Taking Regular Breaks
When you have a million and one things to do during the day, you might be surprised by how quick you are to put your own needs on the backburner.
You'll skip lunch (and maybe dinner!). You'll put off going outside for hours on end. You might even ignore phone calls from your family for the sake of keeping up with the things you need to get finished.
Stop doing this immediately. All it's doing is adding even more things to your to-do list and making you feel like you're even further behind.
Get up every hour or so and go for a quick walk, either inside your office or, better yet, outside where you can get some fresh air. Eat all of the meals you're supposed to be eating at the times you're supposed to be eating them. And make sure they're healthy, too, and not just whatever you can find to eat when you're on the run.
By eating well and taking breaks, you'll develop good stress management habits.
4. Practice Meditation and the Power of Positive Thinking
With all of the tasks that are already on your to-do list, you might shy away from the idea of adding even more to it. But hear us out.
Mindful meditation has proven to be very beneficial, both for small business owners and everyone else. When you take even just five minutes to meditate every day, you will:
- Bring down your anxiety levels
- Think more clearly
- Improve your cognitive abilities
- Make better decisions
- And more!
In addition to meditating, you should also use the power of positive thinking to your advantage.
Instead of allowing yourself to get overwhelmed by running a business, celebrate your successes, no matter how big or small. By thinking positively, you'll put yourself in the right frame of mind.
5. Analyze the Sources of Your Stress and Deal With Them Accordingly
If you use the first four tips here, you should start to see your stress levels go down. If you don't, sit down and be honest with yourself about what's causing your stress.
Are you trying to push your small business to grow too quickly? Are you offering too many products and services and struggling to keep up with the demand from your customers? Are you entirely too invested in your business and allowing it to wreak havoc on your home life?
Evaluate your situation and see what exactly is causing you to experience so much stress. It should allow you to find out what you need to change to manage your stress more effectively.
Better Stress Management Will Make You a Better Small Business Owner
Stress management might not be at the top of your to-do list right now. But it certainly should be!
When you learn how to manage your stress better, you'll transform yourself into a better small business owner overall. You'll also have more energy to devote to getting things done and feel better on a daily basis.
Commit yourself to live a more stress-free life now. It won't be long before you're running a more successful business and seeing bigger profits in the end.
Check out our blog to learn some of the other things you need to do to turn your small business into a success story.