Allsquare appreciate that starting a business can be both an exciting and stressful time, so here are 5 Great Ways to Manage Stress When Starting a Business
Starting a business is something on many people’s lists of things they’d love to do. The freedom of being self-employed, being the boss and making the big decisions is enormously attractive. But it’s not all plain sailing.
Many more businesses fail in their first yearor so of trading than manage to survive and succeed. And unfortunately, many simply replace the stress of working for a boss with the stress of being a boss.
Especially at the start-up stage, when there’s so much going on, it’s easy to try to ignore the build-up of stress until it becomes a big problem.
So here are five ways to manage the stress levels and start and run a business with a smile.
1. Don’t Try to Do Everything
Even the brightest entrepreneurs need support, especially at start-up stage. Whilst you’re trying to keep a lid on costs, it can be easy to overstretch yourself. Delegate wherever possible, and get professional help to plug gaps in your expertise. Anything else is false economy and asking for trouble.
2. Take a Break
Yes, it’s the start-up stage and there are probably a million things to do, but build in plenty of time to recharge your batteries and take your mind off the business. Take exercise, spend time with your family and make sure you switch off and relax.
3. Pay Attention to Yourself
The physical symptoms of stress can show themselves in ways such as headaches, tension, stomach upset and lack of sleep. Don’t ignore the signs and try to soldier on: be aware of them and take your foot off the pedal when you need to.
4. Keep Things in Perspective
Losing a customer or not spotting an opportunity isn’t the end of the world, so don’t convince yourself that it is. Doing so will only cause stress. Keep a positive perspective on the running of your business, and don’t let negative thoughts frame your day.
5. Don’t Be a Control Freak
As well as bringing in the right people to fill gaps in your expertise, don’t try to micro-manage every little thing that goes on in your business. You can’t be in control all of the time – accept that and focus on your skills to look ahead and steer the business.
Running a business can be hugely satisfying, rewarding and lots of fun. Making sure you pay attention to your stress levels is vital to keep the business running smoothly and achieve success.
Allsquare are professional accountants in Edinburgh offering financial and business services to help small to medium companies with business growth strategies. For more information, call Allsquare today on 0131 343 1510.