Entrepreneurs
4 Ways to Overcome Entrepreneurial Anxiety
It’s natural to feel nervous about your business when you’ve poured everything into it, including time, money, and other resources. Your nerves, however, can escalate into crippling anxiety if not managed effectively.
Below are 4 ways for you to either manage or overcome entrepreneurial anxiety:
1. Know that your net-worth is different than your self-worth
You are not defined by the amount of money in your bank account. Cash flow is the lifeblood of your business, but that doesn’t mean that you have to define who you are by the amount of money that you have.
We live in an age where we subconsciously compare ourselves to others all day long through social media or in the midst of social interactions. Please don’t do this to yourself.
There are so many entrepreneurs online showing off flashy cars, homes, and first-class tickets. It can create anxiety to feel like you’re so much further behind than other entrepreneurs, but the truth is that entrepreneurship doesn’t have to only be about making money.
Entrepreneurship is also about solving problems and creating value with your idea, product, or service in society. Plus, how many of the entrepreneurs online posting images of luxury cars and homes are even legitimate?
“I’ve never been a conceited person or cocky, never felt boastful, but I always had a sense of self-worth; I always had a real sense of myself.” – Will Ferrell
2. Surround yourself with a tribe that loves and supports you
When issues arise in business, which they always do, it can feel like you’re alone. The pressure to handle everything on your own can be too much, and that’s why it’s important to develop a support system. It is not weakness to ask for help from others during difficult times.
Support systems come in may forms. You can build a team within your business that you can rely on to solve problems as they arise, or you can even create an external board of advisors.
You can seek out mentors who can help guide you at various crossroads in your business, or you can build a network of other entrepreneurs who may have experienced similar challenges.
Finally, never underestimate the importance of staying close to your family and friends. In many cases, true family and friends loved you before you started your business, and even if you don’t succeed, they’ll still be there for you.
3. Quit the 24/7/365 mentality
The hustle 24/7/365 mentality may work for some people, but taking time to recharge is healthy for your mind, body, soul and business. Whether that means taking a vacation or a day off, don’t feel guilty about taking time to reset.
Always remember that you are the most important asset in your business, and if you don’t take care of yourself, you create a massive risk for your business in the form of burnout.
To prevent burnout, take time to do things that you love other than working on your business. You can work out, eat healthy, spend time with family and friends, and more. You will likely notice that you feel more creative and motivated once you return to work.
“Take care of your body. It’s the only place you have to live.” – Jim Rohn
4. Learn to love failure as much as you love success
The fear of failure is enough to keep most entrepreneurs up at night, but the fact is that almost all of the entrepreneurs that society looks up to today have failed several times before achieving the success that they are now renowned for.
Failure is not the opposite of success, it is the stepping stone towards success, so you need to learn to embrace it.
Read up on your favorite entrepreneurs to see what their journey to success looked like. Know that if you fail, you can and should get back up and try again. See your short-term failures as learning lessons instead of obstacles and grow from them. This builds mental resilience, which is fundamental to long-term success.
Conclusion
Entrepreneurial anxiety is common, and there’s nothing wrong with feeling nervous about your business venture, regardless of which stage your business might be in. You can, however, take measures to help manage or overcome entrepreneurial anxiety.
Cultivating your mindset to embrace failure, not comparing yourself to other entrepreneurs, knowing the difference between your net-worth and self-worth, and maintaining at least some work-life balance can help establish the mental resilience you need to succeed.
Which one of these 4 ways resonated most with you and why?
Entrepreneurs
5 Things Entrepreneurs Must Know About AI and Your Data
While all businesses already take advantage of AI’s potential, many miss a crucial point
Did you know that AI is on track to change the business world as thoroughly as the internet once did? (more…)
Entrepreneurs
How to Scale Your Small Business With Automation
Automating will not keep you running with the big dogs; it’s going to keep you running long-term
Imagine you’re running a small business. You’ve got the drive, the vision, and the hustle. But as you grow, the daily grind can start to feel overwhelming. That is where automation swoops center stage. It is not just some buzzword; rather, it is a game-changer.
Now, let’s dive deep into using automation that can scale your company from a small player into an industry leader. (more…)
Entrepreneurs
Could Remote Work Be the Secret to Massive Profit in Your Business?
Working from home increases your effectiveness and productivity
Is your company one of the many that have adopted this trend? Remote work has gained huge traction in the last few years. Ever since the pandemic, we have seen a rise in companies that support working from home and hybrid opportunities. (more…)
Entrepreneurs
The Best Ways Entrepreneurs Are Maximizing Their Digital Presence
A strong digital footprint makes it easier for customers to find and connect with your business
A digital presence goes beyond merely having a website; it encompasses your online footprint, including social media profiles, content published on various platforms, and interactions with your audience. (more…)
-
Success Advice4 weeks ago
4 Reasons Why Having Quality Relationships Makes You More Successful in Life
-
Success Advice4 weeks ago
Wanting to Become a High Achiever? You Need These Qualities
-
Success Advice3 weeks ago
Unusual Ways to Improve Your Decision Making Skills
-
Success Advice3 weeks ago
3 Mindsets You Need to Transform Your Listening Skills and Build Stronger Relationships
-
Life2 weeks ago
Hack Your Happiness: Unconventional Happiness Strategies for a Joyful Life
-
Success Advice1 week ago
Struggling to Close? These Steps Will Help You Land More Deals
-
Success Advice2 weeks ago
6 Essential Skills Your Financial Planner Must Have
-
Success Advice2 weeks ago
These Are the Tools That Content Creators Are Using the Most
1 Comment