Yes, Solo Business Owners Need to Take Time off This Holiday Season
According to data from the U.S. Bureau of Labor Statistics, roughly 50% of small businesses have faltered by the end of their fifth year. With these odds, there is no wonder a OnePoll survey conducted on behalf of Xero showed (76%) of small business owners and entrepreneurs have sacrificed their holidays to power through and keep their business running smoothly to stay above water.
Solo small business owners rarely take time off, much less for holidays which are viewed as peak seasons for profits. Though their work ethic is admirable, it can also be unhealthy. It can lead to a myriad of physical and mental ailments that ultimately can be the downfall of even a thriving business.
Keep reading to learn simple tips on why and how entrepreneurs can unplug and unwind this holiday season.
Health Is Wealth
One of the best decisions you can make for your business is taking some time off during the holidays. Use this time to renew and recharge. You cannot give your venture your all if you are constantly fatigued, which ultimately leads to anxiety, irritability, other mental issues, and inevitable burnout.
Being an entrepreneur can be rewarding but incredibly isolating. The day-to-day rigors can have you convinced you are alone with the world on your shoulders. However, taking some much-needed time off allows you to reconnect with family and friends. Taking time off will do wonders in reassuring you that you have people in your corner.
How to Take a BreakIt may sound strange if you aren't a solo small business owner, but for those who are so immersed in succeeding, you don't know how to rest. So here are a few pointers on keeping your business running while being worry-free and relaxed in no time.
- Plan Ahead – Not only does planning ahead means you are serious about resting, but it also gives you the opportunity to get all your ducks in a row. Additionally, planning provides ample time to prepare your business for your temporary departure.
- Delegate – Micromanaging is the bane of many entrepreneurs' existence. You hired highly skilled staff for a reason. Don't waste your team's talent and potential by not delegating the tasks and allowing them to shine.
- Inform Clients – Despite what you believe, once you have a solid business system coupled with excellent customer care, your clients will be back the minute you reopen those doors. So, sit back, relax, and write that holiday greeting informing your clients you will be taking some time off and craft that vacation auto-response for prospective clients.
Benefits of a Holiday BreakPerhaps the best advantage of taking a holiday break is the opportunity to reevaluate and reset the boundaries that stress has eroded. A holiday break gives you time to take a fresh look at your business and craft new perspectives. Small businesses face many challenges, and time away will do wonders for clearing mental clutter. This break will also give you an opportunity to review your goals and set new ones. Being an entrepreneur is so fast-paced you rarely get the opportunity to bask in your accomplishments. So during this festive season, take some time to recognize all your achievements and commend yourself for a job well done. But more than anything else, relax. Enjoy the company of loved ones and give yourself the freedom to enjoy the things in life that really matter.
Find your next speaking gig with iFind You Close
Get access to over 20 NEW speaking opportunities from multiple industries, around the world, each month!