Why Canadian Entrepreneurs Need to Prioritize Self-Care

Many of the 3.5 million Canadian entrepreneurs need to prioritize self-care – as well as how you can squeeze more self-care into your busy schedule – here’s what you need to know.

Why Self-Care Needs to Be a Priority

Self-care is a fairly simple concept. When you engage in self-care activities, you’re allocating time and energy to address your physical, mental, or emotional needs. The main goal is ensuring your own wellbeing, giving you what you require to excel in daily life.

When you skip self-care, issues can arise. You may experience heightened stress levels, leaving you feeling exhausted, frustrated, or anxious. Additionally, your energy levels might dwindle. In the worst-case scenario, burnout can even occur.

Since your business requires time, dedication, and focus, engaging in self-care can actually help your company. When you address your needs, you improve your physical, mental, and emotional wellbeing. You’ll be better equipped to navigate challenges and have an easier time remaining productive. Plus, since you’ll have better work-life balance, you won’t resent your company, making burnout far less likely.

Self-Care Activities for Canadian Entrepreneurs

Set Boundaries

One of the more surprising forms of self-care is setting boundaries. First, make sure you define limits that create separation between your personal and professional lives.

For example, turn off email and messenger notifications relating to work during your off-hours. If you have employees, let them know that you’re not available during specific hours. That way, when you’re away from work, you can genuinely disconnect, making it easier to focus on your personal life.

Second, learn to say “no.” Just because someone makes a request of you doesn’t mean you have to take the task on. If an activity doesn’t fit comfortably into your schedule and doesn’t provide sufficient value, decline to take part. That way, you’ll have more time for tasks that genuinely matter to you.

Incorporate Your Business

While incorporating your business might not seem like self-care on the surface, it can make a difference. When you incorporate, you reduce your personal liability, something that can be a major stress reliever. Plus, there are tax reductions to capture, as well as options about how you’re paid. You could choose a salary or dividends, creating a level of flexibility you don’t otherwise get.

Since business lawyers in Toronto might charge between $350 and $700 per hour to assist with incorporating, it’s normal to be concerned about the cost. Thankfully, you can reduce this expense by handling it yourself or using a formation service, ensuring the filing doesn’t break the bank.

Follow a Soothing Skincare Routine

A lack of self-care can negatively impact your skin. When you’re stressed, your body releases cortisol and adrenaline, hormones that can cause your skin not to look or feel its best.