Are You Suffering from BOB Syndrome?
Business Owner Burnout (BOB) is the most common reason for business owners to consider selling their businesses. Most owners do not have their businesses ready to sell when burnout has finally taken its toll. And business owners who do succumb to BOB usually take a significant financial loss.
How can you learn to protect yourself from the ravages of “BOB” Syndrome? The first step is to begin looking at your business in a completely different light. Your business is like a wheelbarrow: If you want it to go somewhere, you have to pick it up and push. But it takes energy to push a business. Physical, emotional and economic energy may be in short supply when they are needed most. What can be done to ensure an adequate supply of these essentials when they are most needed?
The secret may be found when we ask ourselves important questions about our own businesses–long before we reach the burnout stage. For example: