Five Critical Ways Not Effectively Coping With Stress Negatively Affects Your Business!
(Not To Mention Your Health!)
Other than your business and your personal life, what other areas of major importance in your life, are you currently experiencing any stress? Entrepreneur, whether you realize or will acknowledge it or not, your failure and by not effectively coping with stress, you could be unintentionally causing some additional and totally unnecessary stress!
Business ownership (and especially) when you’re first starting out! Small business ownership, no matter what shape your current local economy is in, can and will periodically cause some type of stress. Don’t you agree? But when you’re not even recognizing it to begin with that my friend, is true cause for alarm!
The following post is designed to help you (both) recognize and hopefully deal effectively with any and all stress! Because if you don’t, entrepreneur it can and will derail your long term chances for personal and business success!
Five Ways Not Effectively Coping With Stress Negatively Affect Your Business!
If you’ve ever wondered “what” type of impact both powerful instances, should clear it up for you!(direct and indirect) stress has on both your personal and business life, these five
1.) Negative affect # one: First and foremost, entrepreneur did you know or realize that (according to recent surveys) a staggering 60-80% of all reported industrial accidents, are directly tied to the employees stress levels!
2.) Negative affect # two: Next, and just in case you still haven’t quite connected the dots, at 40% of all employee turnover is directly attributed to? You guessed it! Good old profit and health debilitating stress!
In fact, a recent Xerox study has revealed that it actually cost somewhere between a million 1-1.5 million dollars per year to replace your typical high level executive!
3.) Negative affect # three: On average, about one million workers a day! From all walks of life, miss work due to stress!
4.) Negative affect # four: In the state of California alone, employers have paid upwards of a billion dollars annually in worker compensation claims! If you’re currently paying those premiums or if one of valued employees/associates has actually entered a claim, you get it!
5.) Negative affect # five: In case nobody shared this with you! About 90% of the workers comp claims are successful! And your typical job stress related lawsuits, tend to pay off about four times the normal rate of injury claims!
There’s your short list! And you’d better believe it, if you’re not effectively coping with stress, entrepreneur the stress may effectively cope with your dreams! Don’t you agree?
Please list at least two simple spin off concepts (in the comments section below) that you can apply to your business, product or service in the next 30 days or less!
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