Working overtime leads to lowering the company’s productivity and ultimately brings loss to the company. Many employees work overtime without getting their employer’s compensation or paid for overtime.

Even with the digital revolution, many people still feel that they cannot meet the demands of their employers on time and this puts them worried. Due to personal reasons and more involvement in personal lives, they ignore their work to get their jobs done and that’s the reason why they are forced or pushed to leave their work or job. The weight of pressure makes them feel more stressed which makes them feel low.

Having excessive work make people worried, due to which they gradually don’t perform tier duty very well. They feel that they don’t have any life other than work and that thing gradually burns them out. Working continuously without any rest lowers productivity which brings a negative impact on the company’s success and business. 

In the end, the company will face many employees requesting/ taking a sick leave or simply just perform below their previous level.

Although it is believed that working overtime can increase the overall output or result of the business, the fact is that it will be only for a short period. If things like working overtime stay continuous then workers will get exhausted from their daily routines.

The aim or motive of the businesses is to earn and attract more and more clients. Employees often work overtime or ask to work overtime to reduce the costs but this often results in having long working hours. And working overtime can be injurious to employee’s health. 

If any employee is working overtime daily then it will lead to lower productivity and ultimately bring losses to the company. However, many companies across the world have this trend of working late at night, without receiving additional compensation from the employer.

Although many employees distinguish themselves during rush jobs, having rush jobs doesn’t mean that you should overuse time. When a company fails to give clear priority to their tasks, rush jobs come in the way.

When there is excessive work in a company even when the number of staff for work is available there might still be rush work most especially when in a poorly organized company, certain work remains hanging.

To understand whether the employees are willing to work under stress, make decisions more fastly, and take responsibility, then the rush job is the best way to learn an employee. In any crisis, when there is a lack of time, employees who work and show their hidden possibilities and weaknesses is the best time for any company to know which employee is best or most suitable for their company. 

Therefore, employees who work rush jobs in the times of crisis can be considered as the most reliable employees. Because their aim or motivation is not money, but the motivation which is going inside them, which helps them to take the initiative and desire to prove to all their usefulness, and superiority at the right time.

Apart from the business consequence that results in the fall or fails of the business and the inability to deliver effectively and efficiently. It also takes a toll on the health of the employees which may result in depression and disconnection from their personal life.

Therefore, because of such circumstances, companies lose fewer employees who can work under such conditions. The solution to this is for companies to manage overtime, take steps to increase productivity during the regular workweek.

So, it is essential for managers to understand the negative impacts of excessive workloads on your employees and take the necessary steps to reduce the stress and workload for your employees.

Every entrepreneur always had a question in his/ her mind: why starting your own business is so hard? And what makes it hard? But the answer to this problem is quite simple: it isn’t hard to start a business, but it’s quite difficult to make it work.

As you all know, if you are starting a new business or startup, then it will either fail or stumble into the mediocrity of competition. Arguably this is the worst outcome because to break free of mediocrity is even harder.

However, some of them (start-ups) get it right and develop themselves into profitable businesses.

Entrepreneurs have some of the most stressful jobs. They must grapple with uncertainty and be personally liable and responsible while making decisions. They have the longest working hours of any occupational group. 

In Spite of all problems, it has been claimed with the help of research that entrepreneurs call themselves happy with their profession and seemingly healthier than other people in their jobs. So how can anyone explain this paradox?

Here are some of the highs and lows of being an entrepreneur.

• It is not about salary

Entrepreneurs face all challenges, stresses, and uncertainty related to work and because of all this, they expect a high financial reward for their hard work and efforts. However, much evidence shows that entrepreneurs earn less than they would if they were working as employees or with their particular skill set.

Whenever you will ask an entrepreneur how they measure their success, then for them their happiness comes out on top, then autonomy. Income features much less prominently.

• Highly stressful

At the same time, entrepreneurs face a high level of stress that diminishes their happiness. Things like work intensity, high workload, and financial problems are top problems that entrepreneurs face in their business.

Although after facing all these problems, with their hard work and efforts, entrepreneurs may lead to positive consequences such as business growth in the future. Some entrepreneurs turn their long working hours and challenges into a positive signal, by making themselves a successful entrepreneur.

• Both good and bad autonomy 

The autonomy that comes with being an entrepreneur can be a double-edged sword. Entrepreneurs take their own decisions like with whom they want to work and when. For the majority of entrepreneurs, one of the key motivators is having freedom while making decisions about starting their business in the first place.

A survey was done to know how entrepreneurs experience their autonomy and that the results show that sometimes, they struggle profoundly with it. They have to make several decisions and especially when the constant high workload means that there is not enough time to carefully think through decisions, the uncertainty about what is the best way forward can be overwhelming. 

Then there’s the fact that entrepreneurs’ autonomy can be limited by  investors and other stakeholders.

• Autonomy and personality traits

People who have personality traits like emotional stability and self-belief have the chance to succeed as entrepreneurs. And therefore all these personality traits are related to higher levels of well-being. However, autonomy and personality traits are scarce at the same time.

Still among entrepreneurs autonomy remains the biggest reason for high levels of job satisfaction. Also, the personality traits that are most characteristic for entrepreneurs are malleable and specific like taking initiative and self-belief. This kind of entrepreneurial mindset can be trained.

• Have a competitive personality 

The work of entrepreneurs is highly demanding and challenging by any stretch of the imagination. Entrepreneurs are their own boss and they have a competitive personality which leads them to be so engaged with their work that sometimes they become very much obsessive with their work.

Therefore, entrepreneurs can help themselves in managing their highly stressful, and satisfying jobs.

First-time founders often make their business successful by their powerful and innovative ideas. They wanted to pursue their passion at any cost. But sometimes they may not be aware of the dangers they are going to face. Here are the 8 mistakes the entrepreneurs must avoid while starting the business for the first time. 

• Underestimating market risks 

Ignoring the market risk is one of the major reasons why most startups fail. Most businesses put their maximum attention towards making their business technology perfect. It is understood that the business must be aligned with technology. 

But along with it, new founders must keep in mind the current market trends. The market scenario plays the most significant role to determine how far your business will go.

Markets fluctuate constantly and the prices of almost every product rise often. Hence, startup founders must not only focus on their IT solutions but also on market trends. A business doesn’t fail because of any missing component in its IT infrastructure but because of the market changes which it doesn’t pay attention to.

• Listening to the wrong advice 

Take advice only from the right people before starting your first business. Don’t enter the business field just because your friend advises you or someone tells you to start a business. Unless your startup is your interest which you want to whole-heartedly pursue, your business will not last long. Also, while taking advice, consider its source and respond accordingly.

• Ignoring Feedback

Most successful startups are the ones that take the feedback of the potential customers and investors seriously. If your venture capitalists or financial officers give you some warning or suggestions when you discuss your business plan with them, don’t ignore their feedback and work on the strategies your startup lacks.

Before introducing your product on a large scale, roll out to the ones who can make a fair judgement about it like your friends and your relatives. Take their constant feedback to ensure whether they are satisfied with your services or not. Maximize your learning of what is most beneficial to the customer.

• Entering the competition too quickly 

One of the biggest mistakes the first-time founders make is to go-first and go-fast. It is appreciable that you are ambitious to convert your newly established startup into a successful business, but you must first save capital until your business understands what the customer really needs.

Direct the business strategies towards your customer. Take the steps one at a time and instead of going straight to Z in business, remember to cover the A, B, and C (s) of your business. 

Also, make sure you celebrate the minor achievements and reward your team members along the way.

• Hiring the wrong people 

Hiring the right people is the crucial step in any business. While you can’t completely avoid applicants from entering your startup, you can stop hiring them by following these steps :-

Look for a progressive professional

Every new member in your startup team will affect the company’s infrastructure. He can affect its work quantity, product development, business ethics, and code of conduct. Any mismatch can lead to your startup’s downfall. Hiring the right candidate will not only elevate your startup productivity but will also maintain the team’s enthusiasm. 

Look for the candidate who is sincere and truthful to you. When you are asking why he wants to join the startup, ask him to be honest.

Make judgment based on their skills

Always hire the employee who has the right skills suited for your startup and can fit into the company’s natural activities. These skill sets may differ based on your startup’s requirements.

Prepare the interview questions

Prepare a well-structured interview for recruiting the right candidates. Create an evaluation system which can compare the performance level of the candidates and rank the candidates.

Understand the importance of hiring the right candidate as single wrong hiring can impact the productivity level of the whole team.

• Focusing too much on minor details

A businessman needs to know what his team is doing and ask for regular updates. However, there is a slight difference between being authoritative and becoming a dictator who interferes very much in the way they work. Whenever you give any task to your management team, leave it to them to get that task done. 

Don’t interfere often and allow them to put their 100%. The more you will trust them, the more they will respect you and will take as an obligation to complete the task.

• Not concentrating on Return on Investment (ROI) and sales

If you don’t focus on the product/service sales, you will not be able to know the return on investment and sales. Every sale encourages the team to work further thereby achieving the desired productivity.

• Not having Customer Engagement 

In any business, the employees (internal customers) and the buyers (external customers) play the most important role. Every business must interact timely with its employees and its audience whether it is a newly established startup or a successful established business. These regular interactions will let you know if your business is doing well or not. You can easily identify the changes that need to be made.

The startup founders who don’t listen to their customers, their business falls immediately because customers are the primary focus of any business. If you won’t provide them what they need, they have other options but you don’t. 

It is easy to take up a startup idea and invest in it but to stay longer and apart from the crowd that is operating makes a difference. If you want to make the most from your startup in future, you must avoid these mistakes by all means.