Ever feel like you don’t own your business, but your business owns you? I’ve noticed when business owners are in the day-to-day details of their companies, they’re prone to burnout and have less satisfaction. They don’t have the freedom to live the life they wanted when they set out to be an entrepreneur.
I’ve systematically pulled myself out of the day-to-day operations of my businesses. To do this, I’ve hired top talent and empowered them to make decisions. This frees me up to do my highest and best – to do what brings me the greatest satisfaction and allows me to provide the most value.
If you are in the details, and want your company to grow beyond you, start planning your exit strategy today. What steps are you going to take in 2020?
Here are some ideas:
- Find an operating partner
- Allow current team members autonomy
- Stop intervening in problems they can solve
- Level up to capable, trustworthy talent
- Hire and fire based on your core values
- Record and share the guiding principles of your company
- Spend your time coaching and mentoring
These are just a few things I’m doing to stop entrepreneur burnout and keep myself motivated and moving forward. Let me know what you’re doing to stop entrepreneur burnout in the comments below!