"Following each setback, there's a resurgence" - Insights from a Top Real Estate Executive on the significance of camaraderie and thankfulness.
In the bustling world of real estate, Vyacheslav Tarasov stands out as a forward-thinking entrepreneur. He is the founder of "Guarantee Real Estate," a leading agency in Belarus, known for its exceptional service and commitment to employee well-being.
With a team of over 100 dedicated individuals, Vyacheslav has built a dynamic and independent workforce. He achieved this by learning to delegate and trust his employees, a strategy that has proven invaluable in fostering a self-reliant team.
Every Monday, the company kicks off the week with a mini-"Oscar" ceremony, acknowledging employee achievements and expressing gratitude. This ritual plays a significant role in reducing stress for Vyacheslav's team, reinforcing the importance of acknowledging hard work and dedication.
However, Vyacheslav has first-hand experience with burnout, attributing his own overload and burnout to a belief that he should do everything himself. He now advocates for a more balanced approach, emphasizing the dangers of workaholism, chronic overload, and the belief that success can only come from endless work.
Burnout, Vyacheslav believes, is a reality faced by all entrepreneurs. It's contagious, so fostering a culture of asking for help and mutual support is crucial. Small rituals, such as shared activities, corporate events, and sports incentives, help reduce the risk of burnout.
In addition to these practices, effective strategies for preventing and managing burnout in startups include assigning fair workloads, fostering flexibility, conducting stress audits, and setting clear boundaries, especially for leadership teams. Establishing sustainable growth metrics, encouraging honest communication, and providing executive coaching also help maintain leadership capacity.
Guarantee Real Estate has implemented these strategies, resulting in a healthier, more productive workforce. The agency has won the No1 prize in Belarus twice, a testament to its success.
But it's not just about the awards. Vyacheslav's approach prioritizes the well-being of his team, recognizing that a happy, healthy workforce is the key to long-term success. By maintaining a healthy work-life balance, keeping an emotion journal, and practicing self-reflection, Vyacheslav and his team are setting a new standard for work culture in the real estate industry.
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[2] Forbes. (2021). How To Prevent Burnout In Startups: 6 Strategies For Founders. [online] Available at: https://www.forbes.com/sites/forbescoaches council/2021/04/08/how-to-prevent-burnout-in-startups-6-strategies-for-founders/?sh=46a1950a64e9
[3] Inc.com. (2020). 5 Ways to Prevent Burnout in Your Startup. [online] Available at: https://www.inc.com/jessica-stillman/5-ways-to-prevent-burnout-in-your-startup.html
[4] Fast Company. (2020). How to avoid burnout when you're a founder. [online] Available at: https://www.fastcompany.com/90524948/how-to-avoid-burnout-when-youre-a-founder
[5] Entrepreneur. (2020). 7 Ways To Avoid Entrepreneur Burnout. [online] Available at: https://www.entrepreneur.com/article/357547
- Vyacheslav, being mindful of the dangers of burnout from his own past experiences, leverages finance and leadership to establish Guarantee Real Estate as a model in promoting work-life balance and personal growth within their team.
- To maintain this culture of well-being, Guarantee Real Estate embraces strategies from education and self-development, such as assigning fair workloads, fostering flexibility, and providing executive coaching, to ensure sustainable growth and prevent burnout among employees.
- By prioritizing personal development and growth, Vyacheslav demonstrates that successful business isn't solely dependent on endless work, but rather on fostering healthy relationships, clear communication, and empowering his team to lead, creating a thriving real estate agency in the process.
