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How Important is Stress Management for Your Business?

stress management for your business

Most business owners at least in the first few years of their business are at it non stop.   They may have thought when first wanting to own their business that once they got it going the rest would be easy.  Owning your own business normally doesn’t mean nine to five hours, and the stress level that can be created by business ownership can be phenomenal.

It is highly important that this be recognized and proper steps be taken for stress management.   What can happen if you don’t can dramatically affect the success and growth of your business.

You first need to learn to recognize the signs of stress that may be getting to a point where it can be harmful.   Then you need to look at the potential causes of the stress.   When it comes to business there can be many factors involved.

It may be that running the business for both its operational and administrative needs is just too much for one person to handle.   You may need to decide which of the business sectors you want help with.   This is a big decision because you have to decide where you are most needed.   Either way you need to rely on outside help that is going to be best suited for whichever area you are willing to relinquish some authority to.

If you feel that you need help in the administrative department of your business there are important resources you can count on for the financial tracking of the business.   You can rely on bookkeepers and accountants to tend to all of the financial paperwork that almost every business generates.   These professionals are going to lift a great deal of the administrative burden from you.   Yet at the same time you are still clearly in control of the financial sector of your business.   These experts provide you with the organized financial information that you need to run your business.

If you decide that you need help on the operational side of your business then you want to make a thorough job of hiring the right person. Otherwise you are going to be even further stressed out.

When you take these steps to deal with the stress then you are making a wise move.   You are dealing with it head on instead of avoiding dealing with the problem, where avoiding it can just make matters worse.

Get into the habit of taking periodic breaks no matter how busy your company is.   A growing company that is on its way to success will always be busy and demanding and everyone has a level where they eventually burn out.   You don’t want to falter in your health physically and emotionally to the point where you can no longer handle your business.

 

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Sam Seidman, CPA, CA, LPA
629 Sheppard Avenue West
Toronto, Ontario
M3H 2S3

Telephone: (416) 398-1700
Fax: (416) 398-6226

Chartered Professional Accountant, Chartered Accountant, Licensed Public Accountant

Email: sam@torontoaccountant.ca

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