Pivotl - Issue 4-2023

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BUSINESS BEAT The 2023 burnout blitz Conquering Year-End Stress for Peak Performance As the year hurtles towards its finale, the air crackles with anticipation. For entrepreneurs, however, this festive hum can quickly morph into an ominous buzz of year-end stress and burnout. The relentless pursuit of goals, coupled with holiday obligations and financial deadlines, can leave even the most resilient feeling like a candle flickering in the wind. But fear not, intrepid entrepreneurs! Here's how to navigate the 2023 burnout blitz and emerge victorious: The Perfect Storm: Why Burnout is Brewing 2023 has been a whirlwind. Lingering pandemic anxieties, economic uncertainties, and the ever-present "hustle harder" ethos have created a potent cocktail for entrepreneurs. According to a recent study by Limeade, 75% of workers experienced burnout this year, with millennials and parents facing particularly high rates. This widespread exhaustion is fuelled by several factors: Always-on mentality: The blurring of work and personal boundaries thanks to technology creates a constant sense of being "on the clock." Unrealistic expectations: Pressured by social media portrayals and self-imposed deadlines, entrepreneurs often set unattainable goals, leading to disappointment and frustration. Lack of work-life balance: Prioritising business growth over personal well-being can 18 Issue 4 - 2023
BUSINESS BEAT lead to neglecting physical and mental health, creating a recipe for burnout. Financial anxieties: Economic turbulence and fluctuating revenue streams can add a layer of stress, making it difficult to relax and enjoy the holidays. Confronting the Burnout Monster Ignoring these warning signs is a recipe for disaster. Instead, take charge of your well-being with these proactive strategies: Revisit your goals: Are they realistic and aligned with your values? Downsize ambitious goals or adjust deadlines to create a more sustainable pace. Re-imagine your workday: Set work boundaries and stick to them. Schedule regular breaks, disconnect from technology outside of work hours, and delegate tasks where possible. Embrace the power of “no”: Don’t be afraid to politely decline commitments that would overload your plate. Prioritise your well-being and avoid the trap of peoplepleasing. Prioritise self-care: Make time for activities that nourish your mind, body, and soul. Exercise, meditation, spending time in nature, and connecting with loved ones are all vital for recharging your batteries. Seek support: Don't suffer in silence. Talk to a therapist, mentor, or trusted friend about your challenges. Building a support network is invaluable for navigating times of stress. Remember, it's not about working harder, it's about working smarter Leverage technology: Automation tools, project management platforms, and scheduling apps can streamline your workflow and free up time for self-care. Seek professional help: Consider hiring a virtual assistant, freelancer, or parttime employee to share the workload and lighten your mental load. Outsource where possible: Focus on your core strengths and delegate tasks that fall outside your expertise. Building Resilience for the Coming Year Remember, you are not alone in this. By prioritising your wellbeing and adopting smart strategies, you can conquer the 2023 burnout blitz and emerge stronger and more resilient. As you enter the new year, focus on: Cultivating a growth mindset: Embrace challenges as opportunities to learn and adapt. View setbacks as temporary roadblocks, not permanent failures. Practising gratitude: Take time to appreciate your accomplishments, big and small. A grateful heart fosters a positive outlook and boosts resilience. Investing in your physical and mental health: Prioritise regular exercise, healthy eating, and quality sleep. These practices lay the foundation for a robust mind and body. Building strong relationships: Nurture your network of mentors, colleagues, and loved ones. Social connection is essential for weathering challenges and celebrating successes. This holiday season, instead of succumbing to year-end stress, choose to recharge and refocus. By prioritising your well-being and implementing these strategies, you can conquer the 2023 burnout blitz and enter the new year prepared to thrive. Remember, a healthy and happy entrepreneur is a successful entrepreneur. Now, go forth and conquer! n Sources: Limeade: Employee Burnout Statistics for 2023 Forbes: New Outlook On Burnout For 2023: Limitations On What Managers Can Do Workforce: 9 crucial employee burnout statistics & trends (2023) Issue 4 - 2023 19
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