What are some effective ways to cope with stress and burnout in the brokerage industry? (2024)

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Identify your stressors

2

Manage your time and energy

3

Build your support network

4

Develop your skills and knowledge

5

Find your purpose and passion

6

Seek professional help

7

Here’s what else to consider

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The brokerage industry can be rewarding, but also demanding and stressful. You may face long hours, tight deadlines, high expectations, and intense competition. If you don't manage your stress and prevent burnout, you may suffer from physical, mental, and emotional health issues, as well as lower performance and satisfaction. Here are some effective ways to cope with stress and burnout in the brokerage industry.

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  • Chris Stickney Partner, United Agencies Benefits, Non-Profits, Automotive and Manufacturer Specialist

    What are some effective ways to cope with stress and burnout in the brokerage industry? (3) What are some effective ways to cope with stress and burnout in the brokerage industry? (4) 2

What are some effective ways to cope with stress and burnout in the brokerage industry? (5) What are some effective ways to cope with stress and burnout in the brokerage industry? (6) What are some effective ways to cope with stress and burnout in the brokerage industry? (7)

1 Identify your stressors

The first step to cope with stress and burnout is to identify what triggers your negative emotions and reactions. Stressors can be external, such as market conditions, client demands, or regulatory changes, or internal, such as your beliefs, attitudes, or habits. Once you know your stressors, you can prioritize them, avoid or minimize them, or change your response to them.

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  • Chris Stickney Partner, United Agencies Benefits, Non-Profits, Automotive and Manufacturer Specialist
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    I definitely agree… this can be an extreme measurable, but understanding that every opportunity is not automatic and continuous persistence can beat a resistance (assuming your offerings are exceptional) can really help with the emotional fatigue that can occur. Also…don’t be afraid to pier down, reset and start over.

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2 Manage your time and energy

The second step to cope with stress and burnout is to manage your time and energy wisely. You can do this by setting realistic and specific goals, planning and scheduling your tasks, delegating or outsourcing what you can, and saying no to unnecessary or low-value activities. You can also optimize your energy by taking regular breaks, eating well, sleeping enough, and exercising regularly.

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  • Chris Stickney Partner, United Agencies Benefits, Non-Profits, Automotive and Manufacturer Specialist
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    Carving out time for me and my family/friends is huge. It is one of the greatest benefits of this career. But, it needs to be intentional. Set a plan and stick to it. It’ll definitely help with the frustration and fatigue in the earlier point.

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    What are some effective ways to cope with stress and burnout in the brokerage industry? (24) 1

3 Build your support network

The third step to cope with stress and burnout is to build your support network. You can do this by connecting with colleagues, mentors, friends, or family who can offer you advice, feedback, encouragement, or empathy. You can also join professional associations, online communities, or peer groups where you can share your experiences, learn from others, and find new opportunities.

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  • Chris Stickney Partner, United Agencies Benefits, Non-Profits, Automotive and Manufacturer Specialist
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    Keeping it fun and building lasting, connected relationships is the best part of this journey. The positive creativity is our greatest opportunity.

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4 Develop your skills and knowledge

The fourth step to cope with stress and burnout is to develop your skills and knowledge. You can do this by seeking feedback, learning new tools or techniques, taking courses or certifications, or attending events or webinars. By improving your skills and knowledge, you can boost your confidence, competence, and creativity, as well as stay ahead of the curve and adapt to changes.

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  • Chris Stickney Partner, United Agencies Benefits, Non-Profits, Automotive and Manufacturer Specialist
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    Investment in being the brightest, up-to-date person is what our client partner’s rely on us for. Always stay in the know. Even keep up with current events as they are a great pulse indicator for what our friends could be going through themselves.

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    What are some effective ways to cope with stress and burnout in the brokerage industry? (41) What are some effective ways to cope with stress and burnout in the brokerage industry? (42) 2

5 Find your purpose and passion

The fifth step to cope with stress and burnout is to find your purpose and passion. You can do this by reminding yourself of your values, vision, and mission, and aligning them with your work. You can also explore your interests, hobbies, or causes outside of work, and pursue them with enthusiasm and joy. By finding your purpose and passion, you can increase your motivation, fulfillment, and happiness.

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  • Chris Stickney Partner, United Agencies Benefits, Non-Profits, Automotive and Manufacturer Specialist
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    If you love it…exhibit that. It can be infectious and influential to those you are helping. I find, the more I install myself into the client situation, the more my connection greets them where they are.

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6 Seek professional help

The sixth step to cope with stress and burnout is to seek professional help if you need it. You can do this by consulting your doctor, therapist, coach, or counselor if you experience symptoms of chronic stress, anxiety, depression, or other mental health issues. You can also access resources, programs, or services that your employer, industry, or community may offer to support your well-being.

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  • Chris Stickney Partner, United Agencies Benefits, Non-Profits, Automotive and Manufacturer Specialist
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    We sell Employee Assistance Plans and Healthcare that support our Mental Health…we should use them for our wellness betterment as well. We are not immune to these stressors. Take support in any way you can get it.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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Working with Brokers What are some effective ways to cope with stress and burnout in the brokerage industry? (59)

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What are some effective ways to cope with stress and burnout in the brokerage industry? (2024)

FAQs

What are some effective ways to cope with stress and burnout in the brokerage industry? ›

Take a Break and Rest:

Step away from your business for a short period to recharge and don't feel guilty. Nothing is more important than your health. Nothing. Whether it's a day off, a weekend retreat, or a two week vacation, giving yourself time to rest and rejuvenate is crucial for recovering from burnout.

How do you manage stress and burnout? ›

Reduce impact of stress reactions
  1. Recognise symptoms – link to causes.
  2. Modify negative self talk and self criticism.
  3. Learn and use calming techniques and stress releasers eg: Relaxation training. ...
  4. Give priority to self renewal activities.
  5. Be willing to seek professional help and other support.
  6. Increase the amount of fun!

What are some ways that entrepreneurs can cope with stress and avoid burnout? ›

Take a Break and Rest:

Step away from your business for a short period to recharge and don't feel guilty. Nothing is more important than your health. Nothing. Whether it's a day off, a weekend retreat, or a two week vacation, giving yourself time to rest and rejuvenate is crucial for recovering from burnout.

How stressful is being a broker? ›

Is Being a Broker a Stressful Job? It tends to be. As a broker you are likely to work long hours on tight deadlines amid intense competition.

What are 5 ways to cope with stress? ›

101 Ways to Cope with Stress
  • Simplify meal times.
  • Set priorities in life.
  • Dance.
  • Do it today.
  • Use time wisely.
  • Look at challenges differently.
  • Be aware of the decisions you make.
  • Find support from others.

What are the 7 ways to deal with stress? ›

Here are some tips:
  • Take care of yourself. Avoid drugs and alcohol as they can add to stress. ...
  • Engage in self-relaxation. ...
  • Take breaks when needed. ...
  • Seek out social support. ...
  • Connect with others socially. ...
  • Maintain a normal routine. ...
  • Give back to others.

How do you get over a business burnout? ›

How to Recover From Burnout While Working
  1. Getting enough sleep.
  2. Hiring people to help you with tasks that don't bring joy.
  3. Reconnecting with your passions.
  4. Spending more time with friends and family.
  5. Spending time in nature.
  6. Starting a group with other entrepreneurs.
  7. Strengthening social relationships.
Feb 16, 2022

How to handle business stress? ›

Manage and reduce stress
  1. maintain a healthy work-life balance, make time for family and friends and activities you enjoy.
  2. exercise regularly to help boost your energy levels and improve stamina.
  3. maintain a healthy lifestyle by eating healthy and getting enough sleep.
  4. learn to say 'no' so you don't over commit yourself.
Jan 18, 2024

How do CEOS avoid burnout? ›

Allow yourself to be human, and you'll be much more attuned to the self-care you need to reduce burnout and be the high performer your company needs. Show that same vulnerable, imperfect leader to your employees and customers, and they're going to connect to you and your company on a much more personal level.

How to be a successful broker? ›

7 Habits of Successful Brokers
  1. Habit 1: Communicate Effectively. ...
  2. Habit 2: Stay Organized at Work and at Home. ...
  3. Habit 3: Make Business Planning a Daily Activity. ...
  4. Habit 4: Always Ask. ...
  5. Habit 5: Follow Up, Follow Up, Follow Up. ...
  6. Habit 6: Taking Care of Your Body. ...
  7. Habit 7: Treat Clients With Respect and Warmth.
Dec 15, 2022

What is the highest salary of broker? ›

High Paying Brokerage Professional Jobs
  • Broker. Salary range: $45,000-$131,500 per year. ...
  • Commodity Broker. Salary range: $97,500-$112,500 per year. ...
  • Energy Broker. Salary range: $60,500-$78,000 per year. ...
  • Associate Broker. Salary range: $44,000-$73,500 per year. ...
  • Stock Broker. ...
  • Broker Assistant. ...
  • Brokerage Clerk.

How to work in a brokerage firm? ›

You must be an Indian citizen over the age of 21. In order to become a stock broker, you must have finished at least Higher Secondary College or 10 + 2. He is also required to clear the Financial Industry Regulatory Authority's General Securities Representative Exam (FINRA).

How do you manage stress? ›

Healthy ways to manage stress include:
  1. Noticing signs of stress in your mind and body.
  2. Taking time to relax.
  3. Getting active, eating healthy, and sticking to a sleep routine.
  4. Taking time for yourself to do things you enjoy.
  5. Talking to friends and family.
Jun 1, 2024

What are the five symptoms of burnout? ›

Emotional symptoms
  • Helplessness.
  • Cynicism.
  • Sense of failure or self-doubt.
  • Decreased satisfaction.
  • Feeling detached or alone in the world.
  • Loss of motivation.
Nov 22, 2021

What are the five stages of burnout? ›

What Are the Stages of Burnout?
  • Stage 1: Honeymoon.
  • Stage 2: Onset of Stress.
  • Stage 3: Chronic Stress.
  • Stage 4: Burnout.
  • Stage 5: Habitual Burnout.
  • What Does Burnout Feel Like?
  • How To Recover.
  • Prevention.
Dec 18, 2023

How can HR manage stress and burnout? ›

By promoting reasonable work hours and encouraging the use of paid time off (PTO), HR enables employees to disconnect and recharge, ultimately reducing burnout and stress. For instance, HR can actively endorse taking short breaks and full lunches during the workday to ensure employees have time to rest and rejuvenate.

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