6 Ways to Beat the Stress of Running Your Own Business
Pressure is something entrepreneurs know well. Creating a business plan, executing their ideas, raising money and trying to stay afloat are just a few of the most common stressors in the entrepreneurs life.
Here are a few ways, both conventional and unconventional, to beat entrepreneurial stress.
Change Course
Are you beset by the nagging feeling that your business may be off track? It might be time for a pivot.
It's an important "moment of truth" that all entrepreneurs must face. But if your initial assumptions and hypotheses turn out not to be working out, a pivot can represent a "structured course correction designed to test a new fundamental hypothesis about the product, strategy, and engine of growth." More about pivoting here.
Create More Focus
Are you like many entrepreneurs, trying to do everything, please everyone, and fight an endless amount of fires to boot? "A more mindful and effective approach is to be clear about your key priorities and primary interests, use scanning to get through the piles and determine what of the information is actually relevant to you, read and mindfully digest the most important material, and toss or pass along the rest," writes Jamie Walters, author of "Big Vision, Small Business".
Try "Thirty Days of Honesty"
The premise of the experiment is simple. Inspired by the viral hit Forty Days of Dating, Dabble co-founders Erin Hopmann and Jessica Lybeck decided to start a site called 30 Days of Honesty to chronicle their own struggles and to ultimately force a central question that a number of entrepreneurs struggle with: "Should I keep at it or give up?"
As they put it: "What do you do when you're struggling with a company you love?
Two co-founders are at a turning point with their careers, their dream & their lives. As an experiment, they've decided to be totally honest with themselves, their users & the world for 30 days."
Here's what any entrepreneur can learn from their experiment in honesty.
Pick a Productivity Framework that Best Fits your Needs
Productivity systems are only good if you actually use them. So take the time to choose one that fits your needs.
Are you easily distracted? The Pomodoro Technique, in which you set a time in 25 minute increments, is ideal for setting short-term goals.
Forgetful? Remember the Milk and Teux Deux are popular apps that help digital-savvy entrepreneurs stay on top of their to-do lists on multiple devices.
Are you too "creative" for productivity? The Action Method is a favorite productivity framework for creative entrepreneurs, designers, artists and writers. It has you outline "action steps" that become a framework for completing complex projects.
Need help keeping your eye on the big picture? Kanban was pioneered by Toyota many years ago, and uses a simple white board with Post-Its to track complex processes to completion. The field of "personal Kanban" has adherents making their own Kanban boards to tackle a variety of tasks, from making a film to losing weight to building a business.
Need a good all-around solution? Getting Things Done has long been a favorite among entrepreneurs for its dual focus on small tasks and big-picture, aspirational goals. Many entrepreneurs elect to "make it their own" by combining it with the popular note-taking app Evernote. Find out how here.
Find Support from Others
The purpose of a business support group is to establish and track goals, and to learn from the experience of others. Set specific goals: completing a business plan, launching a website, meeting with ten potential investors or partners. Your business support group is there to hear your triumphs as well as your frustrations. Learn how to set one up.
Find Support from Organizations
This list includes only well-established regional, national, and global organizations focused specifically on entrepreneurs. They all are supported by face-to-face events and/or online community.