Advertising
Advertising

5 Ways To Avoid Burnout At Work (And Find Inner Peace)

5 Ways To Avoid Burnout At Work (And Find Inner Peace)

Though much advise has been published on balancing work life and personal life, it doesn’t always match up with your own reality. This is especially the case when it comes to the “life” part of “work-life balance”. It’s true that overworking yourself and allowing for little time to focus on other parts of your life is poor for your well-being and performance at work. It’s also always a bit scary to change a long-standing routine, even if it’s a bad one. And if you’re getting advice that’s detracting too much from work in an attempt to promote leisure, you’re likely to end up more stressed and unsure than you were before.

This last point is what author Matias Dalsgaard noticed during his quest to help people achieve practical work-life balance plans. Rather than advising people on how to escape stressful times completely, his tips take a subtly different approach that focuses on making the most stressful parts of our lives work within the whole system. And, hopefully, you can find some inner peace in the whole thing.

Most people seek some degree of inner peace at work, and it can be difficult to obtain. Work is stressful, and most of us tend to either overwork ourselves or we are, for other reasons, negatively affected by things happening at work.

The struggle to maintain one’s inner peace and avoid burnout has become a standard ingredient of modern working life. Many of us attend seminars on work-life-balance, we see therapists, we meditate, or we seek advice on how to handle stressful careers. The balancing of one’s personal life and work life is a challenge to all of us who aspire to be successful – by whatever relevant metric. It is not surprising that so much is being said and written on the topic.

Unfortunately, I have noticed a tendency to talk about the dangers of burnout at work in terms that provoke fear and panic in the stressed individual rather than lead him or her to slow down. Our methods of discussing the dangers of stress and burnout are too defensive and too reactive. We tend to think that the busyness of work is somehow dangerous, and that we need to balance out the busyness with the emptiness of non-work.

Our emphasis on practices such as meditation, yoga, mindfulness – or simply just periods of nothingness – as means of balancing out the stress of work illustrates this point. All of these things can be good and helpful in their own right, but they all stand for a “letting go” of things. They are defined by inactivity. This logic leads to a kind of life where the “active” is considered to be dangerous and something that should always be balanced out by the “inactive”. We oscillate between the two extremes – fearful of staying too long in any of the camps. This oscillation is stressful in itself.

It would be much better if we had a way of living that could embrace, enjoy, and handle the tough, everyday work life rather than constantly looking for ways to escape it.

I have five suggestions for how this can be accomplished.

1. Work hard

Working hard and achieving results individually or as a team is a source of satisfaction and fulfillment. Do not get trapped in the fear of working too hard and embrace the rush that hard work can give you. If your life becomes nothing but work, you will of course need to take a step back and reconsider your lifestyle. Periods of hard work and excitement should not be avoided – but rather enjoyed. Hard work is part of life, and you should embrace it rather than be afraid of working too hard.

2. Make bold decisions

Burnout centres on the loss of control. People burn out when they start feeling that they are just another brick in the wall, just another cog in the machine. Making bold decisions at work puts you back on track – suddenly it matters how you handle the situation, because the success or failure of a project is wholly down to you. This might sound stressful, and it can be. On the other hand, making bold decisions is invigorating and can inject new purpose into your work, turning you from someone whose life is run by others to someone running their own life.

3. Stimulate your imagination

Rather than seeking ways of emptying out your mind, you can use your spare time to “fill” it with ideas and inspiration instead. Read books. Watch movies. Enjoy art. Perhaps study religion or history. Nothing is a stronger remedy for burnout than being so rich on knowledge and imagination that you are able to mentally rise above the situation. Most burnouts occur when someone is stuck in a simple perspective on life. The burned out individual no longer sees the bigger picture or the meaning in what they do, and his or her life is narrowed down to being about work and merely surviving the job. Rich interests and a rich imagination keep one going when situations get tough.

4. Take time off

Even if I suggest means other than “emptying out” your mind in order to combat burnouts, you do need time off, time to think about things other than work. As does everybody. However, time off might not necessarily mean a weekend or a holiday in the traditional sense. What is important is that you find regular time to let your thoughts, your imagination, and your emotions run freely. Let your mind wander. This can and should happen every day, not only on weekends or during vacations. It is a sign of health if you are able just to let go of things – and enjoy free thinking and feeling. This can happen over a cup of coffee, in the shower, or wherever.

5. Have a sense of humour

The humorous person is larger than life. If you are able to find humour amidst hard work, the work will never control you. There is a pleasure in working hard, but it is important that you are able to rise above the simple problem-solving level of your job. Humour is a perfect example of how to do this. The humorous person sees things from another angle; he takes himself and his work less seriously. This is not intended to produce mediocre results, but rather to not be overrun by work. The humorous individual is playful and innovative in problem solving, and can do so because they are on top of things and not ruled by work.

Matias Dalsgaard is an author, Ph.D. in Philosophy and CEO of the successful Danish startup, GoMore. Read more in his recently published book, Don’t Despair – Letters to a Modern Man, which describes ways of preserving oneself in an environment of pressure and ambitions.

Five ways to avoid burnout at work and find inner peace | Matias Dalsgaard

Advertising

Featured photo credit: Home office from the Brilliance range/Betta Living via flic.kr

More by this author

20 Motivational Quotes of the Week to Brighten You Up 8 Things People With Hidden Depression Do 5 Essential Illustrated Guides For the Kitchen 20 Easy DIY Art Projects for Your Walls 20 Really Cool Google Features You Probably Don’t Know About

Trending in Work

1 How to Start a Company from Scratch (A Step-By-Step Guide) 2 How to Lead a Team More Effectively and Be a True Leader at Work 3 The Very Best Interview Questions Employers Must Ask to Hire the Elites 4 Why You Can (And You Should) Quit Your Job Because of Stress 5 How to Be Influential and Gain Respect at Work

Read Next

Advertising
Advertising

Published on December 13, 2018

How to Start a Company from Scratch (A Step-By-Step Guide)

How to Start a Company from Scratch (A Step-By-Step Guide)

If you’ve ever thought about starting and running your own business, you’re not alone. Being your own boss, having flexibility with your schedule and keeping more of the financial rewards that come with business ownership are all good reasons to own your own company.

But as you might expect, it’s not all vacations and fat bank accounts. According to the SBA, 2/3 of businesses survive at least 2 years and approximately 50% survive 5 years.[1] So why is the failure rate so high? At least for the businesses that fail early on, lack of, or poor planning can be a major factor.

So how to start a company?

Starting a business from scratch doesn’t have to be hard or complicated, but it does take planning and work. Here are the first and most important 9 steps to take when your are starting a company from scratch.

1. Do an Honest Evaluation of Yourself

Do you work better in a structured or unstructured environment? Does a daily routine reduce your anxiety? What kinds of things are you good at? Does public speaking or making presentations make you nervous? Are you good at accounting and numbers? Can you handle the rejections you’re bound to get when selling or cold calling?

These are all important questions to ask yourself, in fact it’s a good idea to get other peoples opinion about their perception of you in each of these situations.

Whatever the answers you come up with for your evaluation, remember that’s all it is, an evaluation of where you are now. Think of it as a way to identify both your areas of strength and weaknesses.

You maybe good at public speaking which can help when raising money, but bad at accounting which just means that you’ll need to find some kind of help with that area of the business.

2. Evaluate Your Idea

If your business idea involves a new product or service (or even an enhancement to an existing product or service), it needs to be evaluated. This is technically called market research.

There are firms that specialize in doing market research for new products, but if you are on a tight budget, you can do this yourself.

First, if you can build a prototype for people to use, touch and look at that’s the best option. If a prototype is not possible or it’s a service business, then offer a highly descriptive presentation of the business plan complete with it’s unique benefits and how it’s different from the competition.

Then listen! Remember that this is not about others liking your product, this is not your baby that they are talking about. You want honest market research that gives you the best chance for a successful business. Take notes, when someone tells you that they didn’t like a feature or some aspect of your idea tell them ‘Thank you”.

After several rounds of market research with different groups of people, you should see patterns emerging about things that they both liked and didn’t like. Use this information to tweak your product or service and do another round of market research.

Keep in mind that you’ll never come up with a universally loved product, your job is to produce a product or service that appeals to the broadest range of your target market.

Advertising

3. Make a Business Plan

I know, I know this isn’t the “fun” part of starting your own business, but it is an very important step in creating a successful business!

Basically, you can think of a business plan as an outline or blueprint of your business. A good business plan should have the following elements:

  • Executive Summary – This should lay out the businesses product or service and the problem that it solves for the consumer.
  • Market Evaluation – This should talk about the market you are serving. Is it an expanding market, and how does your product better fulfill the consumers in that market.
  • Market Strategies – How are you going to penetrate the market and sell your product.
  • Operational Plan – How will the company run from day to day? Who are the key employees and what are their specific rolls. Do your key players have specific goals set for them in advance?

A final word on making a business plan: while lying is never acceptable especially when you are using the business plan to raise money, it is acceptable to “put your best foot forward”.

Playing up the positives while minimizing the negatives is almost expected in a business plan.

Besides, banks as well as professional investors will both do a more in-depth analysis before investing any money into your idea.

4. Decide on a Business Structure

You have many options here, and discussing them with your accountant or financial adviser is really the only way to know what’s right for you. But just to give you a quick rundown of the types of business entities and their pros and cons we will briefly go through them:

Sole Proprietorship

This is a common way for small businesses to get started.

The pros being:

Relatively low costs to set up (usually a business license and sales tax license).Owners normally do not have to set up a special bank account, they are allowed to use their personal one. Any income earned can be offset by other losses (check with your state!). You as the sole proprietor have complete control over all decision making. 

Finally, sole proprietorship’s are relative easy to dissolve.

The cons of using a sole proprietorship include:

You as the sole proprietor can be held personally responsible for the debts and liabilities of the company. Some benefits, such as health insurance premiums, are not directly deductible from business income.

If you need to raise money, you are not allowed to sell an equity stake in the company. In that same vein, hiring key people maybe more difficult because you cannot offer them an equity stake in the company.

Partnership

A partnership is formed when two or more people decide to start a business. Although there is no legal requirement for any documentation to form a partnership, it is my advice that you never enter into a partnership without having a partnership agreement. (Remember, spending $1500 now can save you $150,000 in legal fees later!).

The pros of a partnership include:

Being relatively easy and inexpensive to start. Hiring key employees can be easier as you are allowed to give equity ownership to as many partners as you want.

For tax purposes, partnerships are relative simple as any income is treated as “pass through” meaning that each partner pays tax on their individual portion of the partnerships income (As of this writing, always check with your tax adviser).

Advertising

As far as the cons go:

It can be difficult for some general partnerships to raise capitol. Because it is a partnership, the actions of one of the partners can obligate the entire organisation. All profits must be shared according to the partnership agreement regardless of the amount of work done by any single partner.

Some employee benefits may not be able to be deducted on income tax returns.

Limited Liability Company (LLC)

This is a very popular business entity for small to medium sized businesses. The reason for this is the cost of set up is not prohibitive and there is a separation between the owners and the company.

The pros of an LLC include:

Limited liability for the partners, unlike sole proprietorship’s and partnerships where the owners are held responsible for all of the companies debts and liabilities, an LLC provides some protection against certain debts and liabilities that are solely the companies.

Simple taxation, just like the sole proprietorship and partnerships, income is considered “pass through” and is only taxed once on an individual level.

There is no limit on the number of shareholders in an LLC. An LLC requires fewer fillings and administrative requirements than a corporation.

Corporation

A corporation is much more complex and expensive to set up. And a corporation is legally considered an independent entity that is separate from its owners.

The pros of a corporation include:

Complete separation between the owners and the company. Because the corporation is considered its own legal entity, owners can not be held personally responsible for any debts or liabilities of the company.

A corporation can raise capital much easier just by selling more shares in the company.

Cons of corporations include:

Much higher administrative costs than any other business entity. Corporations generally have a higher tax rate. Dividends are not tax deductible for corporations. Income paid in dividends is taxed twice, once by the corporation and again by the shareholder.

Again, this is just a short summary of the pros and cons, always check with your tax adviser about what will work best in your situation.

5. Address Finances

Again, not one of the “Sexier” parts of starting your business from scratch, but very important nonetheless.

So, you’ve done your business plan and an estimate of your start up funding should be included. It should include the amount of funding you’ll need to get you through your first full year of operations.

Now, how do you get that money?

Advertising

Self Funding

If possible, self funding is the easiest. You won’t have to go to banks and investors with hat in hand, or give up ownership or control of your company. But as we know, this is not a reality for most people. But don’t worry, there are still plenty of options available.

Friends and Family

They can be a good source of funding your business if they can see and understand your vision.

Remember that business plan? Pass them out to everyone you know. Then follow up, be prepared to tell them the total amount of money you expect to raise, the minimum investment you are looking for and what you will give in return for the investment.

For example, you give a friend your business plan and follow up with him/her a few days later. You can explain that you have secured funding for $80,000 of the $100,000 you need. You are selling a 2% share in the company for every $2,000 investment. How many shares would he like?

And when he/she tells you no, thank him/her and ask if he/she can think of anyone off the top of his head who might be interested? Tell him/her you really appreciate his/her time and if he/she does come across someone who might be interested to let you know.

Banks

These guys are happy to lend you money when you don’t need it, but all of the sudden they get stingy when you actually need a loan! This is where preparation comes in.

It’s a good idea to go over your business plan with an expert and maybe even have it rewritten by an expert before you approach either a bank or professional investor. Both will want to go over your business plan with a fine tooth comb, verifying all the numbers and data you provide.

You should also brush up on everything in the plan so that you can answer any questions they have with authority.

Crowdfunding

Finally, there is crowdfunding through sites like Kickstarter or GoFundMe. Crowdfunding helps to build interest, community spirit, and a customer base. It’s also an efficient way to raise funds. You can take a look at these tips to find out more:

6 Crowdfunding Tips To Get Your Project 100 Percent Funded

6. Register with the Government

As stated earlier, different types of business entities have different filling and administrative requirements. At the very least, you’ll probably need a business license as well as a state sales tax license.

Unless you are forming a corporation, there are many good resources on the web that will do everything for you at a minimal cost.

7. Assemble Your Team

Remember when we evaluated your strengths and weaknesses? Here is where we fill in the gaps!

Do you hate sales and cold calling? Great! There are people who love selling and wouldn’t want to do anything else.

Advertising

Bored to death with accounting? There are a ton of small accounting firms out there that will take care of that for you.

What about marketing? You can hire someone in-house or out-source that too.

Your job is to keep on top of all the different aspects of the business to make sure they are all running smoothly and getting the results you need. If not, it’s your job to figure out the problem and implement a solution.

Check out this guide and learn how to delegate effectively:

How to Delegate Work (the Definitive Guide for Successful Leaders)

8. Buy Insurance

No matter what kind of business you start, you need insurance! Yes, I know, no one likes to buy insurance, but it can literally be the difference between having a minor inconvenience and declaring bankruptcy.

We live in a very litigious time, even a minor slip and fall at your place of business could bankrupt you without insurance. If you need help finding a good agent, check with your local trade organizations or fellow business owners.

9. Start Branding Yourself

Has anyone ever ask you for a Kleenex or a QTip? We all know what they are because of branding, Kleenex is just a brand of tissue and QTip is just a brand of cotton swab. It doesn’t have to be as widely known as Kleenex or QTip, but you can make your brand a common name within your niche.

I once owned a manufacturing company that developed a product that was so popular that my competitors started co-opting my brand name for their products.

If you aren’t sure how to kickstart branding yourself, check out these ways:

5 Ways to Build your Personal Brand & Make More Money

The Bottom Line

Starting a business from scratch can be one of the most rewarding experiences a person can have.

But do you know what’s even more rewarding? Having a business that succeeds, is profitable and provides a good source of income for you, your employees and their family’s.

More Resources About Entrepreneurship

Featured photo credit: Tyler Franta via unsplash.com

Reference

Read Next