I started a home service company a few years ago. It grew super fast and now it’s a pretty successful business. I’ve worked hard for the last three years and I’m starting to feel worn out. Earlier this year, I bought out my business partner and streamlined things. The business is doing well and I make a comfortable living, but I’ve been so busy that I rarely spend the money I’ve made. I have a lot saved up.
I took a month off in Europe recently and didn’t answer my phone at all. Now that I’m back, I still don’t feel like picking up my phone. I’ve hired laborers for all positions and only keep full-time workers during the busy summer season.
I just find myself losing interest. Customers are starting to annoy me, and I used to go above and beyond for them. That was part of what built my brand, but now I don’t feel motivated anymore. $1000 three years ago felt like a lot, but today it doesn’t feel the same, and I think that’s where the lack of motivation is coming from.
Any advice on how to get my motivation back or what I can do?
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Have you thought about hiring a GM and stepping back a bit? You could limit your involvement and go back to Europe once everything is running smoothly again.
Marlow said:
How much of your business is recurring work and how much is new clients? Who handles sales?
About 75% is from new customers. I don’t really market anymore—it’s all word of mouth and my hundreds of Google reviews. Some weeks are crazy busy and some are slow.
@Vance
Check out the ‘No Bullshit’ podcast for contractors or a similar coaching program. It sounds like you’ve built a business where your time is worth a lot. Maybe you could make 75% of the profits with only 25% of the effort. Keep track of your expenses to know which services are most profitable.
It sounds like post-vacation blues. I had something similar when I was working a day job. The best thing I did was set some new goals and try to get back into things slowly. Sometimes you just need to ease back into work.
I went through burnout with my business too. I took a break and even worked a part-time job elsewhere for a while. It helped me put things in perspective. You just need a break or something new to focus on. You could also join a gym or try getting involved in community projects. Doing something else outside of work could help you relax and reset.