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Research shows that 90% of Australians need to stress less, with 74% of people reporting being stressed from work.
While some level of stress is normal, too much stress can lead to a long list of negative health impacts.
And as the owner of a small business, you have more responsibilities than the rest of your team, so it can be beneficial to know how to handle stress in your business.
There’s no time like the present to make sure that the see-saw of work/life balance is in harmony.
Let’s have a look at some of the ways you can avoid running the risk of burnout, while still managing a successful small business.
Overworking and working excessively long hours could take a toll on your health. One way to address this is to manage your time more effectively and work smarter rather than harder.
One way to better manage your time is to reassess how you engage with social media. It is hard to escape the world of social, which is why it is important to limit the amount of time you spend on it, in order to avoid stress and burnout. This will help you to remain productive each day, whilst at the same time, be happier at work.
Work to a daily or weekly to-do list. The list should set out your tasks in order of priority. Schedule time to get through everything, and make sure you base it on realistic estimates for the time required. It’s always best to overestimate the time required than to have too little time, which could create more stress.
Review your tools and consider whether you have the right tools to do your job as the owner of the business. Sometimes this might not be as obvious as it seems. Upgrading your hardware and updating software could make a significant difference in how effective you can be in your role.
Whether it’s online catering software, facilities management software, or an e-commerce platform—these can all work and streamline decision-making by providing customised reports that can give you a detailed view of your operations. These could lead to life hacks like time savings and a reduced workload for managers and employees.
Assess your daily responsibilities and consider what you can outsource or delegate. Anything nonessential to your responsibilities and anything that doesn’t have to be carried out by you could be outsourced to contractors or delegated to trusted employees. By delegating and outsourcing, you as the boss, are learning to say “no to overwork.”
The first step might be as simple as recognising you do have work-related stress and deciding to do something about it.
We’re only human after all and unfortunately, anyone can fall victim to an unforeseen accident or bout of illness, no matter how much we try to look after ourselves.
Stress can eventually impact your health which might mean you can’t work. Even something as simple as playing a game of backyard footy with the kids or doing some routine maintenance around the house on the weekend could result in accidental injuries, costing you precious time off without an income.
Chances are you cannot really afford not to be working, and if injury or illness was to strike, how could you keep paying the bills, ensure you have enough money for recuperation and still afford a decent lifestyle?
Personal Accident and Illness insurance covers* you for loss of income if you were unable to work as a result of an injury or illness. The cover is generally available regardless of whether or not you sustain an injury or develop and illness due to your work.
If you were temporarily unable to work due to the accident or illness, your cover could even pay you a benefit of up to 85% of your salary.** Plus Personal Accident and Illness insurance will typically provide benefits for permanent disablement and even death.
Keep your business in balance and receive a free tailored quote for Personal Accident and Illness insurance today!
*As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this web page is general only and should not be relied upon as advice.
**Maximum limits apply