How do you handle the stress of starting your own business?
I've taken on the project of opening my own business, mostly on my own. I find getting off the ground to be overwhelming sometimes. I read a lot of self-help books, and apparently 'stress' is good and keeps you motivated. If that's the case, how do I turn my stress around and deal with it to help my business grow?
Hi Daniel, having your own business is like bringing up a child. It takes constant caring and worrying. While you do manage all the stress of your business initially, at the back of your mind you need to figure out how to delegate responsibilities and yet make sure the child is brought up the way you would want it to be.
Somethings are beyond what money can buy and starting your business is one of them. You need to find people who are aligned to your business goals and who look up to you. Those people, and not necessarily genius people, will help you grow the seeds to the plant you want to see it become one day. It has to be taken in this spirit and only then you can turn things around.
Great question and a valid concern. I teach classes on health and wellness and the top 4 ways I handle stress are listed below:
1.) Eat right (e.g. Green smoothies and more whole food lifestyle help out the most)
2.) Exercise (Your body releases endorphins that make you feel good)
3.) Get enough rest (7-9 hours for optimal brain health)
4.) Use Natural Solutions (e.g. Essential oils are very effective in relieving stress)
One recommendation is to don't feel that you are on your own. There's an organization called S.C.O.R.E. (a free volunteer organization). You get FREE, confidential, business advice from expert advisors committed to helping you succeed. Also, consider networking with other people that can share their expertise and talents with you as well.
Get a business coach and, if that doesn't help you enough to get organized and reduce your anxiety, get a life coach.
If that doesn't help, get a regular job.
I'm not joking...Good luck!
It might be an awesome experience for you to share your start up stress with a life coach that can be present with you while you take this incredible walk through empowering your life in new directions and purposeful existence. I'd be happy to journey with you. You can reach out anytime. You can find me on LinkedIn.
I offer a FREE 45 minute discovery session just so that you can let the steam out of the pressure cooker you are feeling like you are in. Speaking from experience, having someone to talk with who knows what it feels like to start a new business might be the cheerleading section you need to keep you motivated. It's never good to go it completely by yourself. Just a thought...Journey On...
There are actually different levels of stress.
Acute stress which is the stuff of your day to day. In small doses it's quite exciting, but it gets exhausting fast. If this happens on and off, then that's 'normal'. Then there are two other types of stress which you need to pay more attention to: 1) Episodic acute stress, which is where acute stress goes on too long and you basically wind up irritable and tense all the time, and 2) long term chronic stress, which is the misery you can feel when you are stuck in an extremely negative situation over a long period of time (think unhappy marriage, failing business, poverty etc.). If your business stress is in the first category...then there are things you can do for sure, but if it's in either of the last two, I would think about getting some outside support.
If its about how to manage your acute stress, there are some good suggestions below. When I work with clients on stress and energy we talk about 2 main things. Firstly, can you remove the factor that is causing the stress? and, if you cant, (more likely in the case of starting your business) how can you manage your energy levels so that you get less impacted by stressful situations. There are unhelpful ways to manage stress (like drinking and eating a lot) and helpful ways.
My top 3 helpful ways would be:
1) Pay close attention to exercise and diet and sleep. I know, its the old story, but your body and mind are intrinsically linked. Not getting enough sleep in particular has significant impact on your stress level, because sleep has been shown to help you process negative situations and lower your stress level overnight (you can read more here (http://theemotionexperiment.com/2015/07/01/day-4-meditation-sleeping/). Diet can impact your mood (seriously) and so can exercise.. think about all those endorphins! So make time for those things.
2) Find ways to keep situations in perspective. The standard back pocket question of 'a year from now, will I even care about this?' makes sure that you aren't winding yourself up over things that don't warrant the reaction. It can also help to keep track for a while of what is stressing you, so that you can see the patterns in situations that wind you up. We all have hot buttons, part of managing stress is recognizing that a button of yours has been pushed, and choosing to find an alternative view point.
3) Make sure you get down time. Meditation works, but not everyone finds meditation easy. Other more 'accessible' approaches include any hobby which absorbs you in a non work related task -e.g. painting, cooking etc. The purpose is to give the brain time away from worrying about work, where it is absorbed in 'doing' something.
Hope that helps.
Stress something which everybody has , once you become experience you get maturity to handle it.So starting a business you need to plan everything properly mainly the fund handling :)
Become an expert in time management. Know your priorities both personal and professional, and focus on them. Be passionate about what you are doing. Learn to relax and rejuvenate in your discretionary time.
Stress is only good if you can use some of it to motivate you to continue growing your business. When it interferes with perspective or starts to be the cause of you losing focus there's nothing good about that kind of stress.
New business owners are often stressed about specific things like getting new clients, being able to juggle multiple roles until they can afford staff, time management and cash flow.
Don't try to do it all alone. Get a mentor or work with a good business coach until you can get everything from mindset to money under control. Best of luck. The right business with the right entrepreneurial set is dynamite!
You might find this blog post of help, since it references some other sources of information about this whole thing. I've been running my little business since 1984, and would simply offer up that you really cannot expect the stress to end. It tends to change, but it is not like you are working for someone else/. The buck (hopefully more than one) stops with you.
But check this out for some links that I have found useful: http://performancemanagementcompanyblog.com/2014/08/06/entrepreneurial-terror-how-can-anyone-else-understand/
Mostly, have FUN out there. It sure beats working for someone else, but count on lots of stress and lots of hours and lots of personal change.
Hi Daniel. After running my own business 2,5 years now I can share the following insights from my personal experience.
Self development is essential always, it should never stop being something you invest some time in. It happens that all day I am online and working in my SEO stuff, technical and theoretical (following up with every new industry article), and when the night comes I just research articles that are motivational and keep me going. I need both to maintain my balance and keep my "stress" in a level that it can be productive.
Another thing is that I realize I cannot keep in my life anything or anyone that offers me more negativity that positive vibrations. Friends, colleagues, partners, relationships, if they are mostly upsetting rather than empowering they are off the map sincerely.
These two points are my two cents for your question. Take care and stay positive! :)
ive started many, MANY small businesses over my 40+ year career and most of the time with little money. The one thing I know is there are always huge obstacles to overcome which is a major cause of stress. For me I always remind myself of the stress that comes from working at a job making money for someone else while I struggle to pay bills, provide for my family and accomplish the dreams I have for my own life.
There will always be things you need to learn. there will always be people telling you it can't be done. Telling you you're foolish for risking your security. BUT, Im the kind of person that the harder it is, the more people telling me I will fail, the more determined I am to prove to myself that it CAN be and I can Do IT then i go and get it done.
I believe there is no such thing as failing. There is only quitting, If you don't quit its not a failure just an unexpected set back requiring a new strategy. If you quit then you fail.
I believe there is stress in any job or occupation and you just have to choose which lifestyle makes you happier.
I take a lot of pride in knowing any one can quit, but to take on a huge challenge with virtually no support and win, that takes an exceptional person with real ability
have a vibroacoustic therapy mat. you stream a single low sound frequency, you lie on the mat, and you let go. - effective to treat bodymind stress.
My father kept a framed saying in his office for many years that he recently gave to me; it reads, 'It's not the mountains ahead that wear you out - it's the grain of sand in your shoe.' For me, running my business is all about perspective - and not letting the little tasks distract from the bigger picture - and wear you down.
Great question Daniel. Define and visualize clearly your vision starting your own business. Write it done and post it in a visible way. To keep your focus and better handle stress you need to focus on the WHY you started. All the rest will be just distractions.
Work out also helps. Find a way to insert mork out time in your schedule
Stress comes with the territory. Heavy is the head that wears the crown and all that...but the rewards of your success will make you forget about all the other stress that comes with owning your own business. Learn to delegate - don't think you have to take on everything yourself. Hire a good team to help you relive some of the burden. If cost is an issue, consider some interns to help you out, theres tons of kids out of college who need a little something to do, and will work inexpensively.
Daniel, congratulations on the start of an exciting and, yes sometimes stressful journey. Stress comes in two forms, eustress and distress. Eustress is the positive stress and it does indeed motivate. Eustress exhibits itself when we are proactive, that is when we anticipate and prepare (as Neal says, having a plan). The greater your preparation the less likely you are to encounter distress, where you are reacting to a challenge that you did not anticipate. To use a nautical term, set your anchor. The anchor is your goal. The anchor line is the path to the goal. You will not avoid distress all together but you will be less inclined to founder when you do.
To start your own business is stressful. To deal with the stress to me it is all about focus. What I suggest is , “Begin With The End In Mind”. Have a plan and stick to that plan. Also what I have learned is that there are times you cannot take it personally when something does not go your way.