Managing Stress as an Entrepreneur

Managing Stress as an Entrepreneur

Managing your own business may seem like a dream, but there’s a lot of responsibility that comes with it. Long hours, hard work, and stress are all part of your daily life as an entrepreneur and it can be overwhelming. Learning how to manage stress is important in many careers, but as an entrepreneur you may lack the support from coworkers that other people will receive. Instead, you’re left to face your worries alone. However, stress isn’t unmanageable. Consider using these tactics to help combat stress.

Figure out the problem

When it comes to stress, there is always a stressor. A stressor can be a person, an idea, or even a location. You may be able to figure out what is bothering you right away, but sometimes you’ll have to sit down, pick up a pen, and write. Writing helps you to organize your thoughts and can reveal what’s been troubling you. If writing out your thoughts doesn’t work, consider talking to someone you can trust. Often, prompts from another person can help you discover what’s been bothering you and they may be able to offer a solution.   

Create a plan

Once you’ve figured out where your stress is coming from, you should create a detailed plan to ensure it won’t catch you off-guard again. A lot of stress for entrepreneurs comes from an overwhelming workload. By making a plan, you can set aside specific days to work on projects, which will help alleviate your stress. Of course, you’ll need to be strict with yourself and follow the plan. Keep your goals in mind as you work through any projects, as this will motivate you to stay focused on them.    

Build a support team

Sometimes being an entrepreneur can be hard, especially when you’re facing difficulties alone. However, this doesn’t have to be the case. While it may be your business and dream, you can invest in help early on, whether it’s in the form of finding other entrepreneurs to talk to or hiring a part-time assistant. Not everyone can afford to hire someone full-time, but there are other options like a virtual assistant. A virtual assistant can handle the administrative tasks, allowing you to focus on more important projects. Building a strong support system is crucial in combating your stress and in the long run, it can aid you in growing your business.   

Learn to say no

Sometimes you’ll encounter clients or projects that don’t fit in with your business. As an entrepreneur, you’re always looking for ways to grow your business, but sometimes it’s better to say “no.” If you’re feeling overwhelmed by the amount of work you have to do, you should put yourself first. After all, if your productivity suddenly declines, then your business will suffer as well.

Take a break

As an entrepreneur, you could work 24 hours a day. However, that type of life isn’t healthy. Ensuring your business is running smoothly is important, but you need to know when it’s time to take a break and separate yourself from your work. Schedule specific hours of the day where you’re not allowed to work and give yourself time to wind down after a long day. Make sure you have one day a week where you socialize with people unrelated to your work, such as family or friends. Finally, take a vacation and come back to your business rejuvenated. You may be surprised at how much a break can benefit your productivity.   

As mentioned before, these tactics may not work for you. Everyone has a different way of handling stress and some other strategies may include something as simple as exercising daily. However, as an entrepreneur, it’s important to make sure your business is running as smoothly as possible. By changing the way you do certain things, you’ll learn how to manage your stress and continue to focus on building your business.

About Mel Garbe

Mel founded Lift Legal with the goal of delivering cost effective legal services without sacrificing capability by effectively using modern tools to access the types of resources that larger law firms have access to. The result being that Lift Legal provides high level professional services at a greater value.