PowerTips | The Remodeler's Guide to Business

The Most Dangerous Thing you Face as a Remodeling Business Owner

 

 

As a remodeling business owner there’s a danger lurking out there that often gets dismissed or ignored until it’s too late… Know what it is?

Well doctors often call it “the silent killer” and it’s just that.. it festers and hides and sneaks up on you… It’s STRESS!

As a business owner you’re more at risk than most because of the inherent stress that comes with owning a business (payroll, finances, HR, etc.)

and as a REMODELER you have to pile on the added stress of working under deadlines, pressure from clients, problems on jobsites.. and the list goes on..

Feel It? Just hearing this list can raise your blood pressure, right?

Check out the stats from WedMD:

  • 75% – 90% of all doctor’s office visits are for stress-related ailments and complaints.
  • Stress can lead to problems such as headaches, high blood pressure, heart problems, diabetes, skin conditions, asthma, arthritis, depression, anxiety and more.
  • The Occupational Safety and Health Administration (OSHA) declared stress a known & recognized hazard of the workplace;
  • Stress costs business in the U.S. more than $300 billion annually.

What about you? What are some ways you reduce and fight stress in your life?

Please share your experience in the comments below.

And, if you haven’t subscribed to PowerTips yet, please hit the button at the end of this video.. right after the bloopers…

Thanks, and I’ll see you next Thursday.

About Victoria Downing

Victoria is a leading authority in the remodeling industry, writing for Remodeling magazine, presenting educational seminars across North America, and is the author or co-author of several industry books, including “The Remodeler’s Marketing PowerPak.”

Do you have a burning question you would like Victoria to answer in a future issue of PowerTips? Send it to her via Twitter: @VictoriaDowning and be sure to use the hashtag #PTanswers.

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Posted in: Business Management, PowerTips, PowerTipsTV

Leave a Comment (4) ↓
  • Jeff LaBombard

    I’ve chosen high pressure jobs/assignments my whole career, but once I quit the corporate world to run a niche remodeling business, the stress increased significantly. After not taking care of myself for too long, I forced myself to start exercising early in the morning (only free time I have), do yoga and/or meditation at night to calm down, and implement processes that specifically took stress off my plate at work. It’s something you have to stick with to make it a habit, and won’t yield immediate results, but eventually you can look back and remember the old days of biting your nails and staying up all night with a racing mind. Building/Remodeling is essentially a game of problem solving each and every day without a break, so if you don’t take care of yourself you’re business and the people around you will suffer.

    • Dave Kelley

      Great points, Jeff. Hopefully everyone will take a few tips from the video and apply it to their own stressful lives. Thanks for the great feedback.

  • Duane Oglesby

    Before I owned my own business I was an electrical engineer for 32 years. When I was in my late 20’s I thought I was immune to stress but working 60 hour weeks, going to engineering school full time, trying to climb the corporate ladder and start a family it caught up to me in the form of an anxiety attack. I think they’re called panic attacks now. I was smoking like a chimney and there was a lot of other stress in my life which I won’t go into. They have a stress chart and most people break or start showing symptoms around 425. I was at 675. Bottom line I was rushed to the ER at 28 with what I thought was a heart attack. It turned out that was how my body reacted to stress which built up over a 2 year period of time. With the help of a professional she taught me how to control this and yes, exercise, deep breathing and disconnecting was how I coped. The ER doctor said if I had been in my 50’s or older it may have killed me. I now control stress by knowing the symptoms and not letting things build up. Does it still happen now owning my own business? Yes, but now I deal with it differently and because I am older and the scare of what that doctor said is still in the back of my mind. Although you can’t control some things in life like deaths of those you love but you can control or change so many other things. However no job is worth killing yourself for even if it’s your own business. If it’s that stressful change what’s causing the stress.

    • Dave Kelley

      That’s great feedback, Duane.. I hope others heed your words of advice and seek help when they feel they are heading in that direction. Thanks for taking the time to share. – DMK