As an entrepreneur, one must be prepared for any issues that may come along that can change how one conducts business. These can be problems with the shipments of goods, accounts receivable, or even raising more capital. But, what about human capital? The human element is much more unpredictable. While you may have contingency plans in place for the many situations that may arise, do you have a method for dealing with you, the owner’s mental health concerns, such as anxiety and depression?
Entrepreneurs must care for their mental health as they build their businesses. There are many reasons why it should not be ignored. Here are just a few of the reasons why you should practice self-care to avoid serious consequences:
Burnout is Unavoidable
If you are spreading yourself too thin due to the numerous duties that come along with running your own business and the creative aspects involved, you are asking for a one-way ticket to burnout.
The best way to circumvent such a scenario is to maintain a sustainable work-life balance. Choose the hours that you would prefer to work and focus on a specific amount of tasks each day that you can complete. Conversely, when the occasion arises for friends, family, and alone time, turn off your work phone and switch off your email notifications. If you have social media accounts representing your business, be sure to silence those notifications, as well.
Absenteeism Leads to Failure
If you suffer from deteriorating mental health symptoms, it may be wise to take some time off to regroup. That said, your business will be affected if you are not there to steer the ship on a daily basis. By taking care of your personal needs and addressing the possibility of burnout before it may happen, you will be sure to reduce any absenteeism, leading to a decrease in productivity and, finally, a loss in profits.
Businesses Need a Strong Leader
Any company built to succeed needs a tough person at the helm that can weather any storm. You should be able to get around any obstacle that life and business throw at you. After all, just this year alone, we have had to contend with many unprecedented business interruptions, such as COVID-19, a rough tropical storm season, and political unrest. If you are mentally firing on all cylinders, you will be better equipped to handle any disaster that the world throws at you.
In conclusion, a successful business will need a strong principal feeling his or her best and free from anxiety and depression. Mental and emotional regulation can be achieved by accepting help and acknowledging that everyone feels stressed out at different times in their lives. Keeping abreast of your feelings will allow your business to thrive under your leadership.