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5 Stress-Management Tips for Small Business Owners

Business Stress ManagementAs a small business owner, you are used to being the first on the job, the last to leave, and wearing multiple hats, from janitorial and marketing to accounting. You also bear the responsibility for employees’ livelihoods and growing your business. Especially now, small business owners are feeling the burden of that weight on their shoulders.

You may not think you have the time to step back and take care of yourself during a crisis, but your business, employees and customers are counting on you to keep a cool head. Our equipment financing team can’t control external stressors, but we can offer tips for managing stress, and perhaps finding time for you to take much-needed down time. Here are some ideas…

1. Keep a reasonable work schedule.

Business owners launch their startups expecting to spend a great deal of time on their businesses. The entrepreneurial mind doesn’t shut off at 5:00 p.m. Or, even 2:00 a.m. It doesn’t necessarily distinguish between workdays, weekends and vacation time (if there’s time for vacation).

But working or thinking about your business non-stop is counterproductive. There are long-term and short-term strategic decisions to make and tactical, daily operations to manage. In the early stages of a business, you may be responsible for most if not all of these. As your business grows, employees can take tasks off your plate. At any stage, recognize that you are less effective when rushed, stressed and tired.

Set a work schedule that prioritizes tasks which result in new business, whether that’s making sales calls or finding a lease financing provider to obtain equipment that grows revenue. Set and keep boundaries whenever possible to give you free time to recharge, which leads to a better mental balance and better decision making. Divide your days or weeks into blocks with time designated to working on the business, working in the business and handling unexpected matters. It won’t always be possible to follow your schedule, but often, you’ll have time left to focus on your well-being.

READ: No Startup Company is Typical

2. Use organization tools that work for you and sync with each other.

One stressor you can control is juggling and keeping track of time and tasks. There are tools on the market that do this beautifully and sync with one another to give you an overview of your schedule at any given moment.

At minimum, consider using a calendar, a contact manager, a task list, a notes area and email—Outlook is a popular program that offers all of these in one, and it can be accessed from any device. Outlook works on Windows and Mac systems, but if you’re using the Mac OS, Calendars, Contacts, Reminders and Mail work similarly and sync together.

Customer relationship management (CRM) and financial management tools help keep sales and accounting organized. Some CRMs offer free versions up to so many contacts, which can give you a good start without a big investment. Some banks offer financial management tools with their business accounts. Choose one that is user friendly and can grow with your business, so that you won’t have to worry about selecting another down the road when you outgrow it.

3. Leave “breathing” time in your day, every day.

No matter how busy you are, always leave blocks of time open on your daily calendar. Back-to-back appointments and tasks leave no room for handling unexpected events or issues that are sure to arise. Plus, having no breathing time on your schedule is a stressful way to start the week or day. Giving yourself a few minutes or an hour at the beginning or end of each day means you can prioritize better. It’s a relief when you can say, “I have time to handle that later.”

4. Work toward life balance, not working 24/7.

Like food, oxygen and water, you require down time. Small business owners often put their personal and family lives aside for their businesses. It makes sense because their personal and family lives can hinge on having a successful business to support life and legacy. However, not taking time for yourself means you’re unable to give all you can to your business, much less yourself and family.

Burn out is real. Physically and mentally, you cannot give 100 percent to your business 100 percent of the time. When you allow yourself a guilt-free break, you’ll find you’re able to be more productive on the work side of life. There is more to life than working hard, and “hard worker” is not what most people want on their grave stone or the only way their family and friends describe them. Of course, there will be exceptions, but physically AND mentally leave the office.

5. Choose people and vendors you can trust.

Hire people you can trust to do their jobs. Partner with vendors who see your business relationship with them as a true partnership in supporting your business. You cannot possibly do everything your business requires to run smoothly. Delegation is the only way to ensure your company moves forward without your hand in everything. There is certainly a sense of relief felt when you delegate a task to someone and know it will be completed well and on time.

You are an expert on your business. Vendors are experts in their industries. Choose vendors you know are smarter than you and let them help you make sound decisions. It requires trust, so get recommendations from people you respect. Challenges will arise, but knowing you’ve put together a team of employees and vendors who you can count on makes dealing with problems far less stressful.

READ: What to Do When the Lender Says No

No, the Global Financial & Leasing Services (GFLS) team is not psychologists, but we’ve partnered with hundreds of small business owners since 2009. Our team has become their trusted partner when it comes to equipment financing. We take the stress of financing equipment leases off their shoulders with best-in-class, personal service and a streamlined application process, even when their credit is less than perfect. We’re a small business and we understand small business. Talk to us about how we can make equipment lease financing easier for, so you can focus on other important matters.

People Are Talking . . .

J, Medical Vendor

It was the best quarter in my 4+ years at XXX!! You guys were a BIG part of it!! Thank You!!!
Global Financial and Leasing Client Testimonials
2019-03-20T07:38:11-07:00
It was the best quarter in my 4+ years at XXX!! You guys were a BIG part of it!! Thank You!!!

R. Morris, CFO & Treasurer SerenaGroup, Inc.

Global provided our company with financing resources when every other firm said no. Both Jim and Judi Jenks have been supportive beyond any experience I’ve had with other financing firms, their professionalism and “going the extra mile” for their client was the norm, not the exception. I highly recommend Global for your financing needs as you will be dealing with people who truly practice what they preach.
Global Financial and Leasing Client Testimonials
2019-03-20T07:38:25-07:00
Global provided our company with financing resources when every other firm said no. Both Jim and Judi Jenks have been supportive beyond any experience I’ve had with other financing firms, their professionalism and “going the extra mile” for their client was the norm, not the exception. I highly recommend Global for your financing needs as you will be dealing with people who truly practice what they preach.

M.C., President Wound Care Management Company

GFRS has allowed our business the growth we needed and given us an exceptional partner we can count on. Other leasing firms were merely interested in looking for certain numbers to meet in the short term. J.D. Jenks, CEO, understood our business model, why we needed what we needed.
Global Financial and Leasing Client Testimonials
2019-03-20T07:38:42-07:00
GFRS has allowed our business the growth we needed and given us an exceptional partner we can count on. Other leasing firms were merely interested in looking for certain numbers to meet in the short term. J.D. Jenks, CEO, understood our business model, why we needed what we needed.

D. Williams, Owner Discovery Ultrasound

Sweet! Thank you so much for all of your help and incredible speed. I just wanted to tell you that this new piece of equipment will be a game changer for my business. No one within 250 miles of me has one. I will crush my competition!
Global Financial and Leasing Client Testimonials
2019-03-20T07:39:06-07:00
Sweet! Thank you so much for all of your help and incredible speed. I just wanted to tell you that this new piece of equipment will be a game changer for my business. No one within 250 miles of me has one. I will crush my competition!

Richard Pennington, Owner Pennington Designs

Not your average lender! Judi and her staff were very professional and prompt in helping us to acquire much needed equipment which will allow us to grow our company. Very fair and willing to work with us through the entire purchase and assured that all vendors involved had fulfilled their orders and met my needs. We look forward to a long and successful partnership with Global Financial.
Global Financial and Leasing Client Testimonials
2019-03-20T07:39:30-07:00
Not your average lender! Judi and her staff were very professional and prompt in helping us to acquire much needed equipment which will allow us to grow our company. Very fair and willing to work with us through the entire purchase and assured that all vendors involved had fulfilled their orders and met my needs. We look forward to a long and successful partnership with Global Financial.

P. Bosley, Mgr. Member, Vendor

Larry, I really appreciate you working so diligently on this lease application and approval. You are a true professional!

Global Financial and Leasing Client Testimonials
2019-03-20T07:39:56-07:00
Larry, I really appreciate you working so diligently on this lease application and approval. You are a true professional!

G. Duncan, CFO, CPA, CFE

Judi your email agrees 100% with our discussion yesterday. I appreciate the customer service and you going to some trouble to help us out. That type of service is remembered and appreciated.
Global Financial and Leasing Client Testimonials
2019-03-20T07:40:24-07:00
Judi your email agrees 100% with our discussion yesterday. I appreciate the customer service and you going to some trouble to help us out. That type of service is remembered and appreciated.

Executive Director, Surgery Center

Judi, please accept my thanks to you and the team there for the very nice cookie basket. We received it this morning and it was a big hit with our staff. Your thoughtfulness is much appreciated and admirable. Again, my thanks to you and Larry for the smooth financing transaction we just completed. Have a great weekend. Now I have to go find some milk.
Global Financial and Leasing Client Testimonials
2019-03-20T07:18:42-07:00
Judi, please accept my thanks to you and the team there for the very nice cookie basket. We received it this morning and it was a big hit with our staff. Your thoughtfulness is much appreciated and admirable. Again, my thanks to you and Larry for the smooth financing transaction we just completed. Have a great weekend. Now I have to go find some milk.

Jeffrey L., FPC Financial Partners

Jerald Collens and Global Financial and Leasing Services have been great in helping me get some of my deals done that I otherwise would not have been able to close. Jerald looks at all aspects of the deal in order to find a solution that suits my clients.
Global Financial and Leasing Client Testimonials
2019-03-20T07:40:58-07:00
Jerald Collens and Global Financial and Leasing Services have been great in helping me get some of my deals done that I otherwise would not have been able to close. Jerald looks at all aspects of the deal in order to find a solution that suits my clients.

Office Manager, Podiatrist

I sincerely appreciate your response on this holiday weekend. You’re a true professional and your dedication with assisting clients has always been honorable. May the remainder of your weekend be enjoyable!
Global Financial and Leasing Client Testimonials
2019-03-20T07:21:41-07:00
I sincerely appreciate your response on this holiday weekend. You’re a true professional and your dedication with assisting clients has always been honorable. May the remainder of your weekend be enjoyable!

Taylor M., General Financial

Your company has helped touch the hearts of both new, and returning mutual clients across the US. Jerald Collens continues to show excellence in his career, and still goes out of his way to make himself available at all times to satisfy our demanding clients needs. We are proud to have a funding partner in our industry that is dedicated to finding a way to say “yes” to every single clients unique circumstances, when other funding sources typically say “no”.
Global Financial and Leasing Client Testimonials
2019-03-20T07:41:17-07:00
Your company has helped touch the hearts of both new, and returning mutual clients across the US. Jerald Collens continues to show excellence in his career, and still goes out of his way to make himself available at all times to satisfy our demanding clients needs. We are proud to have a funding partner in our industry that is dedicated to finding a way to say “yes” to every single clients unique circumstances, when other funding sources typically say “no”.

Malcolm, President Specialty Contracting Company

Judi, thanks for your support. We are building something here and having folks like yourself on our side makes all the difference!
Global Financial and Leasing Client Testimonials
2019-03-20T07:22:06-07:00
Judi, thanks for your support. We are building something here and having folks like yourself on our side makes all the difference!

T. Poague

Been with these guys for over a year they helped me get my business started it hasn’t went as planned but these guys have worked with me in every way possible my hats off to to mr Ira ,Mrs Judi and mr Sean guarantee I will use them for any of my business financing if possible Great folks

Global Financial and Leasing Client Testimonials
2019-06-27T06:11:01-07:00
Been with these guys for over a year they helped me get my business started it hasn’t went as planned but these guys have worked with me in every way possible my hats off to to mr Ira ,Mrs Judi and mr Sean guarantee I will use them for any of my business financing if possible Great folks

IT/Telecom Vendor Sales Rep

Judi, the thanks is all yours!! You made this happen very smoothly. I am your loyal customer from here on.
Global Financial and Leasing Client Testimonials
2019-03-20T07:22:31-07:00
Judi, the thanks is all yours!! You made this happen very smoothly. I am your loyal customer from here on.

R. Lowery

Had a great experience with Patrick. He was very knowledgable with regard to our specific needs! Thank you!

Global Financial and Leasing Client Testimonials
2019-06-27T06:12:47-07:00
Had a great experience with Patrick. He was very knowledgable with regard to our specific needs! Thank you!

JH, Medical Vendor Rep

Thank you, Judi, you are the best ... So understanding of the complexities of this crazy industry and compassionate enough to work with people in difficult circumstances, there is a special place in heaven for you and Jim.

Global Financial and Leasing Client Testimonials
2019-03-20T07:26:35-07:00
Thank you, Judi, you are the best ... So understanding of the complexities of this crazy industry and compassionate enough to work with people in difficult circumstances, there is a special place in heaven for you and Jim.

Byron Waters

Great folks over at Global. Julian and his Team have helped us out several times always an easy process

Global Financial and Leasing Client Testimonials
2019-06-27T06:13:06-07:00
Great folks over at Global. Julian and his Team have helped us out several times always an easy process

CP – Medical Vendor

I want to thank you both so much for doing a wonderful job with my customers. You truly go the extra mile to assist them with their financing needs.
Global Financial and Leasing Client Testimonials
2019-03-20T07:32:35-07:00
I want to thank you both so much for doing a wonderful job with my customers. You truly go the extra mile to assist them with their financing needs.

Alyson

Very good people.

Global Financial and Leasing Client Testimonials
2019-06-27T06:13:28-07:00
Very good people.

SS, Medical Vendor

I certainly appreciate all the effort and hard work that you put into our customers. Your dynamics show us even when the financial situations are shaky that you still come through with positive outcome. Thank you so much for your hard work!
Global Financial and Leasing Client Testimonials
2019-03-20T07:32:54-07:00
I certainly appreciate all the effort and hard work that you put into our customers. Your dynamics show us even when the financial situations are shaky that you still come through with positive outcome. Thank you so much for your hard work!
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Global Financial and Leasing Client Testimonials