Are You Becoming a Workaholic Scaling Your Business? Here Are Tips to Give Yourself a Well-Needed Break
National Workaholic Day on July 5 marked a day of restoration and rest. Some may find the day honorable, being proud of the work they put into their businesses, while others may admit that they’re burned out. But, unfortunately, overworking yourself can lead to not just frustration but severe health issues, too. A study conducted by the World Health Organization (WHO) found that people working 55 or more hours each week expose themselves to a 35% higher risk of a stroke and a 17% higher risk of dying from heart disease, compared to people following the widely accepted standard of working 35 to 40 hours in a week. The study also found that in 2016, more than 745,000 people died from working long hours that resulted in a stroke or heart disease.
To avoid burning yourself out while building your empire, follow these simple and practical tips to maintain balance and productivity as a powerhouse entrepreneur.
Take short (or long) breaks throughout your schedule
Scheduling breaks throughout your workday can make your focus and productivity more effective. Lifehack reports that a break in between working—as short as 30 minutes—increases your productivity by 13%. But don’t crash with a sugary or unhealthy snack—get up from your desk and take a walk outside. Keep your body active to prevent a sluggish mood.
Charlotte Fritz, Ph.D., an associate professor in industrial/organizational (I/O) psychology at Portland State University in Oregon, said that breaks could improve our moods, overall well-being, and performance capacity, noting “Taking regular intervals helps us to be more resilient when stressors arise, and they function as an intervention to help us deal with the daily grind”.
Establish a wellness routine before starting your day
Your routine could consist of waking up a few hours earlier before your first call to practice meditation or sipping a hot cup of coffee while catching up on the news. Setting a morning routine allows you to refocus every morning and prepare for the day ahead.
Go on vacation
It seems like vacations are underrated nowadays, but they have a significant impact on your cognitive focus when you get back to your office. The American Psychological Association’s (APA) 2018 Work and Well-Being survey reported 68% of working Americans reported positive effects of taking vacation time and having a better mood when they return to work. In addition, 66% reported having more energy after a nice vacation, and 57% reported feeling less stressed and more motivated.
However, the report found that the positive effects only lasted a few days, signifying the importance of having a comprehensive approach to caring for your well-being while working.
It’s essential to put your mental health and wellness first and ensure you meet your needs as a human. Making sure to break up your workdays, create routines, and regularly enjoy relaxing vacations will help you become a better focused, more productive, and happier entrepreneur.
Additive manufacturing (AM)—more widely known as 3D printing—has become one of the fastest growing industries in Northeast Ohio, and with good reason. This region is particularly suited to foster strong growth in the AM industry due to a well-established supply chain, an abundance of end users of AM products and a strong network of educational and research institutions that continually generate new AM talent.
Here is a look at a few local innovators that are leading in the Northeast Ohio AM industry.
Metalcraft Solutions was founded in Akron, Ohio as Acro Tool & Die Company in 1951, specializing in the tire mold industry. As a third generation, family-owned company, they still focus on customer relationships above all else. Metalcraft Solutions employs direct metal laser sintering (DMLS), a manufacturing technology that improves output of prototyping and product development—delivering a significant advantage to their clients. Industries of all types have recognized several benefits with DMLS, including:
With such a wide array of industries that can benefit from their services, Metalcraft Solutions has an immense growth opportunity in this space.
Additive Engineering Solutions
Additive Engineering Solutions (AES) first opened its doors in 2016, and over the course of four short years have positioned themselves as a leader in the AM space. With a team of nine employees as of 2020, and plans to continue growing, AES is poised for success. They have recently expanded into 4,000 square feet of space in their existing facility, giving them a total of 14,000 square feet of operating space to accommodate their growing arsenal of 3D printing equipment—including the first ever Large Format Additive Manufacturing polymer 3D printer, BAAM (Big Area Additive Manufacturing). It’s only uphill from here for AES.
Fila-Mint, Inc. is a small company located in Chesterfield, Ohio. The equipment Fila-Mint employs is highly specialized to manufacture very tight-tolerance medical tubing. To remain viable and on the cutting edge, their equipment has been updated to meet the specific demands of extruding thermoplastics for 3D printers. The attention to detail in this process is key. An often overlooked area of 3D printer filament manufacturing is the winding—but Fila-Mint excels here. While a lot of the commercially available equipment for winding is intended for other products such as wire, tubing, fiber-optics, fishing line, and string trimmers, Fila-Mint has focused significant time and resources to specialize their process to create a smooth and tangle free filament, which is crucial for medical tubing.
Humtown is a three generation, family-owned operation out of Columbiana, Ohio. While Humtown does offer traditional manufacturing methods of sand cores and molds, some clients have different needs that require the precision and efficiency of 3D printing. Humtown Products skillfully uses 3D sand printing technology (additive manufacturing) to produce cores and molds for foundry customers. Humtown was one of the earliest adopters of sand 3D printing to produce cores and molds for the foundry industry, so their expertise is unmatched.
An opportunity for growth
While this was just a snapshot of some of the great innovators of AM in Northeast Ohio, it’s clear that the opportunity is immense. Through the efforts of researchers, educators, and investors, Northeast Ohio stands to solidify itself as a true hub for AM innovation in North America. If you’re an Ohio-based AM company looking for support and resources, email us today at email@example.com
Congratulations! You’ve earned your first real investment, but what are the next steps to ensure your investors are satisfied and your business thrives? Below, we’re sharing some of the most pressing, immediate next steps so that you can amplify your investor’s ROI, as well as business success.
Maximize the business relationship with your investor
There are two sides to every story when a company earns its first investment—the investment works toward the benefit of both the business and the investing firm. It’s the company’s task to maximize the investment to exit and it’s the investor’s responsibility to help the company achieve its goals. The business should take advantage of the assistance investors can provide—like help with building teams, leadership expertise, help with executing on deals, and more. The founding members of the company and the investors must establish a mutually beneficial relationship to where the investors add value, and the company meets or exceeds business objectives.
Change your mindset
Your company earned its first round of funding, but the hard part isn’t out of the way. To maximize on the investment, the leaders need to shift from creating a startup to scaling and operating a growing business. With this shift comes more structure, stronger processes, and better strategic thinking.
A couple of things can’t change though—maintaining a lean operation and successful execution.
Focus on building a strong team
One of the most important factors of company success is the team building in the background. To show the company’s dedication to executing on set goals, it’s imperative to have employees that believe in the vision and values. Investors want to have confidence in the leadership team having competency, commitment, honesty, and trustworthiness, to name a few characteristics. Another key trait is having a leadership group that is coachable in addition to being able to manage their own work. The business is only as strong as the leaders behind it, so focus of effort should be applied to finding the right people that fit the need.
Pro tip: start small and lean.
It’s thrilling to achieve the first foundational steps of starting and running a business. Once funding is secured, leaders of the company need to quickly shift gears and focus to ensure they execute on the plan ahead. Stay focused at this milestone mark and beyond so that you don’t lose steam, and you can charge full speed ahead!