Because your team, clients, and investors,
can tell if you’re on the verge a mental breakdown.
It is said that you should only worry about things that are inside of your control. When you’re in control of just about everything, even the smallest tasks can be overwhelming. Set yourself up for success—not stress—by addressing these key components:
1. CAPITAL
It’s no surprise that money is the number one cause of stress for entrepreneurs. While it is expected that a business may not turn a profit in it’s first three years, having your financial ducks in a row can alleviate a huge portion of entrepreneur stress. By meeting with an accountant early on, your business’ financial future can be planned to the tee—so all you have to do is stick to the budget.
2. SETTING REASONABLE EXPECTATIONS
Broken promises can kill a new business. Whether it’s a late shipment, missed deadline, or broken product, customers will let their voices be heard. Small businesses often have a bumpy start, and it’s important to keep this in mind when setting expectations. Planning for mishaps gives you the opportunity to under-promise and over-deliver—so that you aren’t stressed about meeting tight (and sometimes unreasonable) expectations.
Broken promises can kill a new business. Whether it’s a late shipment, missed deadline, or broken product, customers will let their voices be heard. Small businesses often have a bumpy start, and it’s important to keep this in mind when setting expectations. Planning for mishaps gives you the opportunity to under-promise and over-deliver—so that you aren’t stressed about meeting tight (and sometimes unreasonable) expectations.
3. HIRE TALENT
When your business begins to take off, it may be tempting to hire the first person that comes to mind. But hiring your sister’s boyfriend’s brother’s cousin may come back to haunt you in the long run. Delegation is key to helping an entrepreneur destress, as long as it is with full confidence. Instead of hiring the first person that comes along, take your time to find someone who is just as passionate about getting your
When your business begins to take off, it may be tempting to hire the first person that comes to mind. But hiring your sister’s boyfriend’s brother’s cousin may come back to haunt you in the long run. Delegation is key to helping an entrepreneur destress, as long as it is with full confidence. Instead of hiring the first person that comes along, take your time to find someone who is just as passionate about getting your business of the ground as you are.
4. TAKE PERSONAL TIME SERIOUSLY
Your business can very quickly consume your life—if you let it. While putting in overtime may be necessary, make sure that the personal time you do have is spent wisely. Exercise, spending quality time with friends and family, and developing a hobby can provide much more personal satisfaction than watching television. At the end of the day, you are working to better your life—so make sure to enjoy it!
Your business can very quickly consume your life—if you let it. While putting in overtime may be necessary, make sure that the personal time you do have is spent wisely. Exercise, spending quality time with friends and family, and developing a hobby can provide much more personal satisfaction than watching television. At the end of the day, you are working to better your life—so make sure to enjoy it!
Your business can very quickly consume your life—if you let it. While putting in overtime may be necessary, make sure that the personal time you do have is spent wisely. Exercise, spending quality time with friends and family, and developing a hobby can provide much more personal satisfaction than watching television. At the end of the day, you are working to better your life—so make sure to enjoy it!
5. DELEGATE
As your business grows, you will find that you can’t do everything yourself. Outside help will become a necessity, but you may not have the capital to hire a full-time public relations director, marketing consultant, web developer, etc. With the help of the internet, more and more people are working remotely to service small businesses that can’t afford to hire someone full-time. From Chief Operations Officers to graphic designers, companies can now hire talent by the project, month, or year. So if you find yourself watching YouTube videos trying to learn Quickbooks on a Saturday night, it may be time to look for help elsewhere.
What tips do you have for managing entrepreneur stress? Share them below!
President and founder of DVI, Aaron Boerger realized early in life that he had a unique combination of x-ray vision and business acumen for seeing the weaknesses that held businesses back – and the ability to define the right tools, technology and strategy to make them stronger.
From founding a successful technology support business in his early teens, to serving as Chief Operating Officer for several companies in the financial, technology and marketing industries, Aaron has developed a reputation for reinventing technology implementation tactics – and the willingness to tell people not what they want to hear, but what they need to hear, in order to achieve success without overwhelm.
Aaron will always go the extra mile to provide the accountability and support his clients need to achieve their goals, yet isn’t afraid to tell them when they are doing something wrong.