Preventing Founder Burnout
With the non-stop nature of start-up life, preventing founder burnout is essential for maintaining both the well-being of founders and the success of start-ups. Today more than ever before founders are being placed under increased scrutiny with a push to streamline operations whilst still achieving results, falling valuations and reluctant investors along with the inherent risk, uncertainty, and demanding work that is typically associated with founding a start-up.
A recent survey conducted by Sifted highlighted the growing pressures of being a founder in the current start-up ecosystem with 45% of founders revealing that they thought their mental health was ‘bad’ or ‘very bad’ at the moment and 61% of founders disclosing they’d considered leaving their company recently.
Founders and investors have found finding the perfect balance to avoid burnout a conundrum to date. With this in mind we’ve compiled a list of five strategies start-up founders can use to reduce the risk of burnout and create a sustainable foundation for long-term success and well-being.
1. Set Boundaries: Establish clear boundaries between work and personal life. Define specific work hours and limit time spent on work-related tasks outside of those hours. Avoid constantly checking emails or responding to work messages during evenings and weekends.
2. Practice Self-Care: Prioritise self-care activities such as exercise, meditation, journaling, or therapy to manage stress and maintain mental well-being. Make time for activities that recharge and energise you, both personally and professionally.
3. Build a Strong Support Network: Surround yourself with mentors, advisors, and fellow entrepreneurs who can provide guidance, support, and encouragement. Having a strong support network can help you navigate challenges and avoid feeling isolated or overwhelmed.
4. Delegate and Collaborate: Recognise that you can't do everything yourself. Delegate tasks to team members alleviating your workload whilst empowering your team and fostering a culture of trust and collaboration. Focus on your strengths and high-impact activities that require your expertise as a founder.
5. Be Adaptable: Founders need resilience. There will be moments where the vision you are working towards seems at odds with your current situation. This can be destabilising. You might feel like you have lost autonomy and control over the future. Understand that your path is not fixed.
Written by Aaron Gutteridge, Investment Associate at Angels Den, Europe and UK’s largest angel-led finance platform helping early stage companies and SMEs get easy access to growth capital.