Burnout does not only deal with the body but also with one’s mind and emotions. It’s likely to occur when you’re faced with repeatedly stressful situations — which is common for business owners who have a lot of responsibilities on their shoulders.
Suffice to say that, as a business owner, burnout is something that should be prevented at all costs. After all, you not only have to take care of yourself but also the men and women that you have working under you.
For David Seruya, who has started up several businesses, the stress of running a business is certainly not new. As a result, he’s cultivated his own methods of preventing burnout to ensure that he can continue to run his business smoothly:
5 Unique Ways to Preventing Burnout
Note that some of the methods listed below may or may not apply to you. Some may also work better for you than others. This is to be expected, as everyone has their own unique needs. So, take care when trying things out to find out what will work for you and your own circumstances:
1. Spend some downtime with family and friends
David Seruya’s preferred method of de-stressing and preventing burnout is spending time with his family. He stated that he’s always been a family man and that he’s long admired his father for being able to juggle his work and personal life so well over the years.
His goal is to become just like his dad in this case and, as such, has always reserved time to spend with his family during the weekends — going as far as to completely cut himself off from his work emails and messages during breaks! In this way, he’s able to relieve some of the stress from work and separate himself from the burden of his responsibilities for a time.
It’s not a completely foolproof solution for some, as it doesn’t necessarily take care of the underlying causes of stress, but this method should at least help you start fresh mentally and be more prepared to deal with whatever is causing you so much troubles.
2. Organize your work and root out inefficiencies
The previous method is actually closely related to this one. More specifically, you need to get yourself into a better state so that you can effectively get your work back on track.
Most of the time, the reason for stress for business leaders is a failure in their own processes. This can take many forms, from something as simple as disorganized documents or rowdy employees causing trouble. Whatever it is, David Seruya suggests that you take the time to dig the rotten root out. By doing so, you can stand stronger and grow more comfortably.
3. Prioritize the most important tasks
Another thing that might be causing your issues is the fact that you have been inundated with tons of tasks and too little time to take care of them all. If so, then the first thing you should do is establish which of these tasks is most important to you and work on them correspondingly.
David Seruya stated that, if there is really no time to accomplish all tasks, then this would be the time to accept the fact that you won’t be able to get them all done. At which point, you should begin to look for alternative solutions or alert the client/customer accordingly.
4. Delegate tasks
One of the biggest mistakes a leader can make is not trusting their team enough to let them take on some heavier responsibilities. If that’s the case for you, then you need to seriously consider the people under your charge and whether or not you’re lack of trust is a result of their own failures or a failure to choose the right candidate for the job in the beginning.
Whatever the case may be, you need to figure out how to solve the problem so that you can have people at your disposal that you can rely on when things get rough.
5. Review your end goals
If what’s making you burn out is your state of mind, then a “refresh” in your thinking might help more than the other methods introduced thus far. For this, David Seruya suggests that you take a look at your end goal and the reward awaiting along with success. In this way, you can hopefully start to reinvigorate your spirits and focus on growing your business.
The Perfect Investment: RAD Diversified and Income-Producing Farms
Amidst the global lockdown of 2020, Dutch Mendenhall, founder of RADD America, began looking for an alternative to standard residential real-estate investments. So, he turned his analysis to farms and was blown away by the immense potential he saw. After going public in late 2019, RADD America purchased US farmland and made slices of the real estate available at minimum investments of $10,000.
Income-producing farms vs. other real estate asset classes
According to Mendenhall, an apartment complex in today’s US real estate market commands approximately a 4% or 5% cap rate. Farms offer somewhere around a 15% to 20% cap rate.
“When I first began looking at investing in farms, I compared each acre to an apartment or housing unit,” Mendenhall recalls. “The variety that income-producing farms provide is what I really love about them as an opportunity. With one season producing wheat and corn the next, you can double tap — you can raise livestock on top of agriculture. Putting money into the farm only pays off in time. Everything from improving soil to increasing irrigation makes a major impact on potential income, and so much of America’s farmland has fallen into disrepair during the last 20 years.”
When Mendenhall began investing during the early days of the pandemic, sustainable acres of producing farmland sold anywhere from $3,500 to $5,000. Today, he finds that income-producing acres of farmland easily sell for $9,500 to $10,000.
“I’ve seen farmland values almost double during the last couple of years,” Mendenhall says. “Currently, we’re in Tennessee, Arkansas, and Idaho, but we are analyzing land all over America. What reports don’t show is the difference between a properly maintained acre of farmland and an acre that is in disarray. There’s only so much workable farmland on the market today. We’ve hit the tipping point, and now, there’s a scarcity of land for people to buy. If you have the opportunity to purchase amazing agricultural land, you have to pull the trigger quickly.”
Income-producing farms as an asset class
Mendenhall is no stranger to investors. Since 2006, he’s connected them to deals in short sales, wholesaling, residential properties, and storage units, though he admits that every asset class has caused the same excitement as farmland. “At this point, we can’t find enough bargains for our investors,” he says. “They take real pride in their investments and keep asking us for more.”
RADD America takes a true grassroots approach when connecting its investors to farmland. “The farming world is different from any other in real estate,” explains Mendenhall. “We start by having our acquisitions and agricultural teams meet with farmers. When we get ready to brand cattle or plant, all the local farmers come and help. In the same spirit, our teams go out and help the local farmers when it’s their turn to brand and plant. To do it right, you have to build a relationship and a connection that’s quite different than other types of investing.”
RADD America is composed of expert investors and expert farmers. The company offers its investments through fractionalized ownership. In other words, the company purchases one farm and then allows a joint pool of investors to own it together.
“If you don’t have a team that knows how to farm and maximize income, you’re not going to get the best possible return for investors,” warns Mendenhall. “Thankfully, our team isn’t so big for this type of investing that we forget who we are, and we have the economy to scale at a great pace.”
The impact of global competition on income-producing farm investments
RADD America closely monitors global trends. In Mendenhall’s experience, investors win when they move before the market. However, when they move after the market, they lose.
“When Russian first invaded and sparked its war with Ukraine, for example, we kept a close eye on its global impact,” he says. “As one of the largest producers of wheat in the world, we knew that Ukraine — now in the midst of a war — wasn’t going to be able to produce wheat at the same scale, so someone else needs to step in and fill the gap. We’re constantly monitoring what’s happening in the world to stay on top of evolving trends.”
In terms of global competition, Mendenhall is frustrated by foreign entities staking ownership of American farmland and agriculture. In this area, China has positioned itself as the number one threat to the sovereignty of the United States.
“When foreign powers have ownership of agricultural land in the US, it puts us all at risk as Americans,” remarks Mendenhall. “Over the past few years, we’ve seen soil quality erode, closures of meatpacking plants, and numerous fires. The likelihood of nuclear war in this age is very small. The quiet war of buying American agriculture and unsettling the American dollar is the threat we face today.”
Clearly, RADD America has a lot to pay attention to at home and abroad. “We’re monitoring weather patterns and making one-year, three-year, and five-year predictions,” Mendenhall explains. “We’re also paying close attention to interest rates to see where this shifting economy is headed. The up-and-down cycles are faster than they’ve ever been. Monitoring the industry is critical. With expert investors and agricultural specialists from RADD America on your team, farmland can be one of your most promising and rewarding investment opportunities.”
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