Business Insider asked Jay Leno, Dan Lok, and other entrepreneurs for our tips on managing burnout — so I shared a 3-step approach that every real estate agent and entrepreneur needs to hear.
Burnout is especially dangerous for real estate agents, who often work long and erratic hours with no certainty that they’ll get paid until the deal closes. Most real estate agents don’t even make it through their first year and almost 90% are out of the business within 5 years. It’s a tough industry.
If you’re beginning to burn out, it’s time to take inventory of the things you’re spending your time on in both your personal life and your professional life. Do you enjoy the activities you’re doing? Do they reward you for your effort?
Here’s my three-step plan for getting clarity and conquering overwhelm:
- Keep track of how you spend your time for a week. Include the activities you’re spending time on in your business and in your personal life.
- Circle the items that you do NOT enjoy, and the ones that don’t provide good ROI for your time.
- Create a plan to delegate those items.
Whether you’re an entrepreneur; working at a small business; or working at a corporate behemoth, clarity is the first step to sanity.
If there are too many circles — if you circled every item on the page — you know it’s time to make some big changes and move on.
People often joke about needing an assistant. Yes, you probably do. Stop joking and hire one.
I remember feeling completely overwhelmed as an agent, in desperate need of an assistant — and then getting buried under hundreds of resumes from the assistant job ad I posted. I was in tears trying to sort through those resumes by myself. But if I hadn’t taken that step to hire an assistant to free my time for higher-value tasks, I would’ve stayed swamped.
Today I have a team of nearly 100 members who work the phones, shoot video, design marketing materials, and use their strengths on activities they find rewarding. That frees me up to work my strengths. As I’ve said on many stages, and in many conversations with coaching clients: Work your strengths, and your business will work.
Check out the entire feature on Business Insider: 9 Tips for Managing Burnout, from Jay Leno and Other Successful Entrepreneurs!
Do you need to start hiring and delegating? Learn the techniques and strategies on how we successfully tripled the size of our team in just over a year! You can’t do it all alone and surely don’t want to waste time with the wrong people. Use our strategies to get the team growth you desire! See details on our “Recruitment Done Right” course here.