Burnout. That's something only overworked fast-track types experience, isn't it? A homebased entrepreneur who has forsaken big business for the slower, friendlier pace of a self-guided career could not possibly succumb to such a corporate malady, right?
Wrong. Burnout can--and does--affect homebased entrepreneurs. Ask E. Faith Ivery: Her case of burnout was severe enough to put her in the hospital on two occasions.
It didn't get that bad for Nancy Denning, but she began to hate her once-beloved company.
"Somebody who starts a homebased business, especially if it's the first time, usually starts with a great deal of excitement and a new sense of freedom," explains Dr. Ira M. Frank, a Los Angeles psychiatrist. "The person usually is emotionally invested [in the new business], and a large part of his or her self-esteem is involved in the success or failure of the business."
When you couple this with worries about making enough to pay the bills, Frank says, it's no wonder homebased entrepreneurs often compensate by working longer hours and eventually becoming workaholics. And because the support system they once had in the corporate office--where they shared feelings, hopes, dreams and disappointments with fellow office workers-- is no longer there, Frank adds, they sometimes feel isolated and even overwhelmed.