No matter how enthusiastic you are about your business venture, entrepreneurial stress would get you all over you sometimes. Better to learn some ways to keep it away.
Do you feel that your day should have been longer than others should, maybe 30 hours long? Or is it the feeling that everything is going wrong? Let us warn you. Both of these are clear indications of entrepreneurial stress, and you should not wait to feel more of them to take action. This is the right time to find out what exactly in your business is giving you stress and how can you manage it.
But before that, it is essential that you should keep yourself calm. How is that possible? With these 7 tips that we are going to share below, you can get off with the entrepreneurial stress quite easily. Let’s go through these tips quickly.
Dealing with Entrepreneurial Stress:
This success isn’t related to a specific phase of business. You could be stressed out anytime at any of the stages. Usually, it is because things aren’t working the way you planned, or your business is requiring more effort than you actually expected it to consume. Sometimes, it is the stagnant growth of your business, creating immense pressure on you. For handling all of this, you need you to follow these tips:
1. Create a Plan B always:
No matter how foolproof your plan is, creating a plan B is always one of the wisest steps that you can take not only to keep your stress level low but also to ensure the success of your business.
You might not always need a Plan B rather; your first plan should be solid enough to generate results. But if any of your assumed variables for creating Plan A did not work according to your expectations. Would you have enough time to think of something new? In most situations, no, you won’t. This is definitely going to bring in stress.
But if you’ll have something else in your mind, you’ll know that things are going to remain perfect and you don’t have to worry too much.
“In general, things either work, or they don’t, and if they don’t, you figure out something else, a plan B. There’s nothing wrong with plan B.” ― Dick Van Dyke
2. Learn to relax:
We know that you are in a stressful situation if you are reading about entrepreneurial stress. But what best you can do here is to relax. It would be difficult at first. But if you’ll learn this technique, you are really going to feel that you have overcome one of the biggest problems of your life.
Make sure to take a deep breath whenever you face something stressful at your business. This will increase the flow of oxygen to your mind, and you’ll be able to think in a proper manner. Moreover, incorporate the techniques of mindful meditation in your life for generating a peaceful approach for all the stresses. This is going to be helpful for your personal life and dealings as well.
3. Prioritize your activities:
At the end of the day, you are a human. You’ll have to keep that in mind. You can’t just do everything that comes to your mind. You’ll have to prioritize things and see which are the most important ones for the achievement of your ultimate objective and reduce entrepreneurial stress.
With such an approach, you’ll be limiting things that you’ll have to accomplish in a day, making it way easier to set schedules and execute activities according to settings. Moreover, this will also help in eliminating some of the less important activities that you would be putting your energy in. Overall, it would improve your productivity, and you can translate this productivity in success in a better way.
4. Build Team:
If you know that you have an expert on your team who could cater to a specific nature of the problem, then it will keep your entrepreneurial anxiety low. You won’t be worried about the possibilities of issues that could arise if something goes wrong.
Moreover, the delegation of tasks will ease the burden on your shoulders too. At the same time, experts would be dealing with the issue at hand, so the chances of getting it perfect the first time would be a lot higher if a master of all trades would do something. Don’t you agree?
Additionally, working in a team would also help you in preparing for the growth of your business. While you’ll grow, you won’t be able to handle everything on your own. So, learning it at an early stage could be a lot advantageous. At later stages, people aren’t willing to delegate the authority, and the business suffers in real terms.
One important tip here is to hire the best and don’t rely on someone who doesn’t charge much but isn’t aware of the tasks and activities for which you are hiring. So, spend some money and hire someone with the best skills.
“Don’t tell people how to do things, tell them what to do, and let them surprise you with their results. ~ George S Patton
5. Set your boundaries:
Again, it all rests on your priorities. You’ll have to set them by any means. You can’t get into every opportunity that you have got. The lack of resources or the non-alignment of the ultimate objective could be restricting you to avail of the opportunities that come your way.
Similarly, you can’t be hiring all the applicants who have applied for the job or cater to all the customers if you are just at the initial stages of business. So, for all such things, you’ll have to set your boundaries and say no to everything that sets out of your decided scope.
It won’t be easy. But once you start doing it, you won’t be having undue entrepreneurial stress every now and then. With the peace of mind that you’ll get, you can concentrate on your business and put all your effort in taking it to new heights.
Warren Buffet explains this concept by saying, “The difference between successful people and really successful people is that really successful person says no to almost everything.”
6. Stop comparing yourself to others:
There is always going to be someone who is more successful than you are. So, you can’t just compare your efforts or your business with others. This is a type of stress that you are attracting for yourself deliberately. And you’ll have to believe us on this one that actually has no solution unless you change your approach.
You should definitely conduct complete competitors analysis, analyzing their strengths and weaknesses to capitalize on. But comparing it in a way that would put a high strain on you is not at all recommended. Especially going personal with a competitor or any of the other entrepreneurs you know is not all recommended.
They’ll have a different technique for operations, they might be spending too much, or they could have some good employees working for them. You can’t copy everything, and you shouldn’t try for it even. You’ll lose your individuality.
7. Physical stress signals are not something to ignore:
Your entrepreneurial stress could transform into normal stress if you ignore it for a long time. Some of the physical symptoms that can be used for the detection of stress and taking immediate action include problems in sleep, pounding heart, muscle pain. Additionally, if you feel irritable most of the time, then stress could also be the reason behind it.
In case you feel any of the above symptoms to exist, try taking some time out or adopt some remedial measures immediately, they’ll save you from the intense form of stress that might require proper attention from doctor and wastage of your valuable time.
It is better to be safe than sorry.
Seven quick tips that we have highlighted above for discussing entrepreneurial stress should be enough to help you maintain a normal work life when you are in your own business. Make all of these activities part of your daily routine to see how smooth can your life actually goes.
Do you have any other tips that can help others, feel free to share them with us in the comment section?