Burnout is a common threat for business owners and leaders, especially those in agencies or consultancies. Recent data shows that owners and leaders often bear the biggest burden of stress and anxiety at work, with 28% strongly feeling burnt out.
To address this issue, CEO and Co-Founder of Teamwork.com, Peter Coppinger, shares his insights on how to balance burnout before it reaches a boiling point.
Firstly, Coppinger advises being selective about the work you take on. Working with clients who align with your values and mission can make the hard days easier to manage. Saying no to clients who don’t fit this criteria can prevent added stress down the road.
Secondly, relying on the right tools to manage profitability can alleviate stress. Software that considers the full client lifecycle can help manage unexpected changes and prepare for them, reducing profit-related pressures.
Setting boundaries and sticking to them is also crucial. Establishing clear communication and designating an Account Manager for clients can prevent unnecessary stress and confusion.
Additionally, practicing clear contracting and celebrating successes while welcoming failure can help manage the ups and downs of leading a consultancy. Cultivating a support network of mentors, peers, and friends who understand the unique challenges of leadership can provide guidance and perspective.
Overall, implementing these strategies can help business owners and leaders in agencies and consultancies navigate the pressures of their roles and prevent burnout.
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