People often see entrepreneurs and managers as persons with power, prestige, influence, and wealth. They may be facing some problems here and there, but too often, only a few people expect that one of these issues is business owners feeling lonely and isolated.

In a report featured in the story from Harvard Business Review, it was revealed that 50% of CEO report feeling loneliness in their role, and in this group, 61% believe it hinders their performance. The report also found out that novice CEOs are particularly more susceptible to this isolation, with nearly 70% of first-time CEOs who experience loneliness saying that the feelings negatively affect their performance.

In another research by AXA Insurance, it was also revealed that 50% of home-based business owners say they often suffer from loneliness because of too much time spent in their own company with no one to talk to about their business concerns.

Clearly, business leaders can easily feel as if they have nobody to lean on, and when not addressed immediately, can affect the overall performance of their company. To help you out, here are few actionable steps that can help you mitigate and overcome this loneliness syndrome while running your business.

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Garret Norris

Garret is the founder and CEO of Business Coaches Sydney and through his company, remains dedicated as ever to use his training and real life business experience to meet his passion to see business succeed through disciplined management, creative marketing and committed client service.