Stress Management in Entrepreneurial Ventures

Venturing into entrepreneurship, especially for the first time, can be a bit overwhelming. The

experiences are new, the challenges are multiple, and being at the top can be lonely. Business owners are likely to encounter pressured situations on numerous occasions. Consequently, coping strategies are necessary.  We’ve compiled a list of some of the most reliable and effective strategies to keep every entrepreneur afloat and on top.

Recognizing the Source

With the inevitability of stress lurking around the corners of entrepreneurship, it is important to be able to recognize the cause of your heightened emotions. If you can locate the source, you have a greater chance at a successful resolution. For example, if you find that you are regularly stressed around deadlines, assess the situation to determine whether or not it is a time-management issue. If it is, create a schedule that accommodates checkpoints at least two weeks prior to your deadline. In doing so, you reduce the pressure to complete everything in a short time frame and you have the flexibility to make changes or re-evaluate your decisions within reasonable time. In totality, knowing the source of your stress leads to the alleviation of it.

Change your Environment

Sometimes your work environment can be stuffy. You become accustomed to the space that you think, create, and close deals in day after day. This repetition can result in a feeling of entrapment, stagnation, and overall fatigue. Business owners advise on changing the scenery to keep your mind fresh and elevate your productivity. Whether it’s renting a space for a month or taking one or two days out of the month to work in a coffee shop or a quite conservatory, a new environment stimulates your brain and maintains your sanity.

Get a Team

Business owners are overprotective of their projects and rightfully so. Unfortunately, that over-protectiveness, in some instances, breeds a ‘one-man show’. Consequently, your business, in its entirety, becomes your responsibility. You are in charge of accounting, sales, marketing and advertising, and productivity. While this methodology works for some people  (many start-ups begin this way), after a while it becomes stressful. Add someone to your team to lighten the load. Even a single person makes a difference. Further, it is beneficial to have someone to bounce your ideas off of and company to decompress work tension. You can still maintain the integrity of your business with a team.  Hire individuals who share your passion so you can worry less about their performance and concentrate more on being a successful business.

Healthy Work and Lifestyle Balance

Working is great, but so is not working. Take regular breaks when your body gives you warning signals. Engage in external activities that allow you to recharge your batteries. Many entrepreneurs play sports in their down time to stimulate their brains and heart rate in a healthy and beneficial way. Spend some time outside to breathe in some fresh air. Become intertwined your family and attend as many family-related events as possible. The most successful entrepreneurs understand this balance and actively work to achieve and maintain it.

This list is not exhaustive and is an essential starting up for reducing the entrepreneurial stress of starting a business. In closing, don’t just work hard, work right. 

Business Travel Tips

Travel is a fact of life for many business owners and professionals, and brings its own distinctive set of pleasures and challenges. Even after all the technical aspects of your itinerary are in place (plane ticket, hotel booking, rental car, appropriate clothing, etc.), you still need to collect your luggage, settle into your room, firm up your work and meeting schedule, find time for nutritious meals, and (if applicable) acclimate to a different culture and time zone.

If possible, arrive a day or two early.

 

By showing up early, you’ll have an opportunity to do some advanced scouting and familiarize yourself with your surroundings. You can check out restaurants and public venues in the neighbourhood, pick up a map and city guide, get some exercise to restore your muscle strength, flexibility, and blood flow after a long flight, and learn your way around. You’ll also have more margin to wean yourself off jet-lag, and come to terms with any culture-shock you may experience.

Overcome jet-lag by making adjustments to your routine right away.

Ideally, your early arrival will help you adjust to the local time zone. Shift your meal times on day one, and mitigate the disturbance to your system by eating foods that are similar to whatever you would consume at home. Resist the urge to either get up or fall asleep at odd hours of the day, and aim for the bedtime and waking time to which you’re accustomed. By sticking with your usual habits, you’ll enable your body to modify its circadian rhythms more readily.

If you’ve had jet-lag issues in the past, try taking small doses of melatonin—a hormone that helps to regulate your sleep-wake cycle—about half an hour before bed time. (Melatonin is available in many pharmacies and health food stores.)

Stay hydrated, eat well, and don’t over-caffeinate.

When you feel sluggish because of jet-lag or a long day of travel, you’ll inevitably feel tempted to indulge in copious quantities of coffee, tea, or energy drinks, hoping to artificially perk yourself up. However, you should aim to keep your caffeine consumption to a moderate level, since the caffeine-overload “solution” to listlessness introduces a new set of problems—including dehydration, the need to visit the bathroom frequently, and a tendency for you to crash once the caffeine high wears off.

Instead of saturating your system with caffeine, keep yourself hydrated, start the day with a breakfast that includes protein and complex carbohydrates, and take a power nap if necessary. A multivitamin supplement can also give you a boost by helping your body metabolize energy more efficiently, and defend against travel bugs.

Keep everything in its place.

Travel is inherently stressful, and becomes even more so if you find yourself hunting around at an inopportune moment for something you’ve misplaced. You can avoid this with a bit of discipline. When you feel tired at the end of a long day, resist the urge to just toss things wherever; dedicate each of the items you need to a particular spot, and maintain that arrangement for the full duration of your trip.

Plan your schedule in advance.

Set two to three primary goals for your journey in advance, and keep those objectives in mind throughout.

If you’re unfamiliar with the destination community, do some research to ascertain how long it will take you to transit from one location to another, whether on foot, by taxi, or using public transportation.

Devote a specific amount of time to work-related duties, and try to stick with the program. Although a measure of flexibility is necessary, you’ll also need to be wary of the distractions you’re certain to encounter on your first visit to a new place. If you can, reserve some spare time for sightseeing and exploration.