Report on Business: Managing
Entrepreneurs: Practise safe stress People
who run small businesses may not have a boss, but they have partners, clients,
employees, vendors and suppliers to keep happy. Burnout may be just around the
corner
KIRA VERMOND
SPECIAL TO THE GLOBE AND MAIL
01/10/2003
The Globe and Mail
Metro
C7
"All material Copyright (c) Bell Globemedia Publishing Inc. and its
licensors. All rights reserved."
When
Rosaleen Citron has a bad day at the office, she cooks. Or to be more accurate,
she tenderizes.
"If
I've had a really rough day, I'll go home and find a piece of flank steak and
beat it up," says the chief executive officer of WhiteHat Inc., a
Burlington Ont.-based information technology security company with 20 full-time
employees and 40 IT consultants. "It's a great stress reliever when you're
pounding the hell out of a piece of meat."
The
owner of four profitable small businesses since 1993, including WhiteHat, Ms.
Citron has recently figured out some ways to curtail stress -- from pounding
meat to delegating work and spending more time with her teenagers.
Stress
affects us all, but it can be especially difficult for the self-employed and
for small-business owners, who can run themselves ragged as they strive to
build their enterprises. A two-week vacation? Forget it. An hour at the gym?
Only if they can make calls from their cellphone as they work out.
People
who run small businesses are often on the road to burnout because of the
multifaceted nature of their work. They may not have a boss, but they have
partners, clients, employees, vendors and suppliers they have to keep happy,
and wearing so many hats means an increase in stress.
Unfortunately,
entrepreneurs are more likely to accept high degrees of stress than find
creative ways to tackle it.
A
recent survey of 305 small-business owners by American Express Canada Inc. and
the Canadian Federation of Independent Business found that most worked 50 hours
a week, and 30 per cent put in 60 hours. Only 13 per cent worked 40 hours or
less.
Half
of all the owners-managers surveyed said their businesses took up too much of
their time, and 29 per cent said they have no leisure time. One respondent
reported not having a personal life in five years.
For
Ms. Citron, it took two gruelling weeks of 20-hour days earlier this year to
realize it was time to loosen the reins and let her employees take more
responsibility. She decided to lease additional office space and hire more
people to accommodate the load. But the decision to accept less control didn't
come easily: "They had to rip it away from me originally, but I was eventually
able to start delegating."
Some
Fortune 500 executives seek smaller pastures, hoping for more control and
flexibility in their lives, only to find that running a smaller business can be
more stressful than the career they left behind, says Nora Spinks, president of
Toronto-based Work-Life Harmony Enterprises, a company that helps businesses
achieve life-friendly working policies.
"There
is a fallacy that being self-employed and being your own boss is less
stressful, when in fact it can be much more stressful. Instead of having one
boss and a regular paycheque, you have a group of clients that you have to
continuously keep happy," she says.
Dr.
Richard Earle, managing director of the Canadian Institute of Stress in
Toronto, notes that chronic stress can lead to fatigue, isolation from friends
and family, a pessimistic attitude and eventually stress-related illnesses such
as depression and anxiety. "It's basically like our mothers told us. You
won't get sick unless you're run down. Stress is the major runner-downer."
There's
no easy way to alleviate chronic stress. Five minutes of deep breathing might
help, but that alone won't keep stress at bay, says Mark Gorkin, a social
worker, syndicated writer and speaker from Washington who deals with
stress-related issues in the workplace. Learning how to set limits and being
committed to taking a break each day is more effective, he says. "You need
to think of it as a NASCAR situation. Even a racecar doesn't run around the
track full-speed, non-stop. It takes pit stops."
Mr.
Gorkin himself tries to visit a nearby teahouse at least once a day. He takes
that time to reflect on his business and come up with new ideas. "Having
some ritual and routine can really be stress-relieving," he says. "It
helps me tolerate the 16-hour day better. That's my pit stop."
Other
ways to practice safe stress? Dr. Earle says all small business owners or
entrepreneurs should ask themselves one question: "What am I getting back
from what I'm putting in? For small business people it's a question of return
on investment. If the return is too small, it's time to rethink personal and
business goals.
Putting
a time limit on stressful periods is also helpful, says Ms. Spinks, who
recommends recognizing potentially stressful times -- like being in a start-up
or growth phase -- and accepting that they'll be over eventually. "Having
stressful periods of time isn't necessarily bad. It's only when these periods
of stress become chronic and there's no end in sight that stress becomes
unhealthy."
Knowing
what you can and can't control also helps. While business owners can't control
tax season, for example, they can control the food they eat, how much sleep
they get and how often they exercise, she says. "The reality is you can
make those kinds of choices. You can stay up all night clicking channels or you
can go to bed and feel rested and ready to roll first thing in the
morning."
Anne
Bell, managing director for the Toronto office of Resources Connection -- a
professional services firm with 1,400 associates -- makes exercising a
priority.
She
commutes into the city, works long days drumming up business for her
three-person office and spends hours in frigid arenas watching her two young
sons play hockey. She also makes the rounds at networking events and catches up
on work at home.
Still,
a trip to the gym is a necessity three or four days a week to combat the stress
of such a busy schedule, she says.
"It's
almost more psychologically important than physically important."
She
also says that leaning on her network of colleagues in the United States, where
most of the company's offices are located, is a sanity saver. She can call them
with questions, ask for advice or just blow off steam.
Ms.
Citron has finally decided to take some advice from her family and take a
vacation, but like most small business executives, it's hardly a three-week
jaunt to Fiji. For the first time in more than 11/2 years, she's taking a long
weekend -- as a birthday present for her husband.
She
says spending time with him is long overdue, "because if you don't have
your family behind you then it doesn't matter what you're working for."
globecareers@globeandmail.ca
Are
you courting burnout?
Prolonged
stress and tension can lead to more serious health problems, such as clinical
depression, anxiety, ulcers and heart disease. Try some of these coping
mechanisms to lower the stress wattage in your life:
--
Use relaxation techniques, such as yoga, meditation, deep breathing or massage.
--
Physical activity is one of the most effective stress remedies around.
--
Practise time management: Do essential tasks and prioritize the others.
--
Watch your diet. Alcohol, caffeine, sugar, fats and tobacco all put a strain on
your body's ability to cope with stress.
--
Get enough rest and sleep.
--
Talk with friends, professional counsellors, support groups or relatives about
what is bothering you.
--
Volunteer work can be an effective and satisfying stress reducer.
--
Get away for a while: Read a book, watch a movie, play a game, listen to music
or go on vacation. Leave yourself some time that's just for you.
--
Work off your anger. Get physically active, dig in the garden, start a project,
get your spring-cleaning done.
--
Tackle one thing at a time.
-- Don't try to be perfect.
Illustration
|
Copyright
© 2000 Dow Jones & Company, Inc. All Rights Reserved. |