What is STRESS?
Stress is one of the body’s natural reactions in responding to any kind of demand or threat. To protect yourself from possible danger the body develops it as an automatic defense. Helping you to stay alert, focused, and have enough energy, in a nerve-wracking situation. Stress can be a positive influence and can save your life but if it stays longer than it should be, it can also become a threat to you as well. Facing enormous challenges in life, especially emotional, can cause major damage to your productivity, health, mood, and quality of life.
Running your own business can be very exciting and empowering, but it can also be very challenging. It doesn’t come with a detailed job description and it often has many unforeseen problems. All this pressure can create stress that can take a toll on your mental and physical health. This can also wear down your passion and undermine your productivity. How you balance the many demands of managing a business will be the deciding factor for your long-term success, says Astro Strategist cum Business Astrologer Hirav Shah.
According to Hirav Shah, having a small business and being your own boss is a lot of people’s dreams. However, running a business is not all fun and games. Being a small business owner is extremely stressful. In fact, studies show that entrepreneurs put themselves at a higher risk of developing mental health conditions such as depression and anxiety. Therefore, it is clear that you should learn about how to manage the stress that comes with such a position from the get-go.
Hirav Shah says, primarily there are four reasons that cause stress while handling a business:
1. Sustaining positive cash flow
2. Consistently growing revenue
3. Hiring the right employees
4. Meeting government regulations
Some amazing tips for small business stress management that should help you out.
a) Don’t take it personally
Your business probably feels very personal to you. After all, you created it. However, failing to distance yourself from it emotionally will weigh heavy on you in case something does not go as you expected. Your self-worth and net-worth should not be synonymous, and you should not take every unsuccessful business venture as a personal failure. It might be difficult not to take them personally, but try not to let negative reviews get to you. Make sure you have a sense of identity outside of your business and find joy and satisfaction in activities other than your business, too.
b) Take a rest
Rest is incredibly important in stress management. If you’re having a hectic day and can’t seem to work out the problems at hand, instead of forcing yourself to work overtime, make sure you take a break. A short break will allow you to step away from your desk, refresh your mind and go back to your task with your batteries recharged. Similarly, know when it’s too much. Your workday should have work hours too and it’s important to respect them as much as possible. Taking a break when you need it and keeping a better work-life balance will allow you to relieve stress and prevent burnout.
c) Learn to delegate
As we just mentioned, overworking yourself is a sure way to get stressed out and develop health problems. This is why it’s immensely important that you, as a business owner, learn how to delegate tasks. Some people are prone to micromanaging everything but even if you belong to this group, work against this habit. Learning how to delegate will not only reduce your workload, but it will also allow you to be more productive. Instead of overseeing every minuscule detail, learn to trust your staff and you’ll have more time to focus on those tasks that are truly important. Outsourcing is another valuable practice that will lower your workload and stress levels once you find the right company to work with.
d) Focus on the positive things
Negative things always have a larger impact on us than positive ones. This is simply how humans are programmed. As a small business owner, you probably have a lot of problems on your mind at all times. Worrying about how your business is doing and about financial issues is a sure way to develop anxiety which is so common among entrepreneurs. While it might not be easy, try to think about the positive things as much as you do about the negative ones. Instead of constantly focusing on everything that isn’t going well, focus on what’s going right. Keep track of all your milestones and achievements – they will help you believe in yourself and worry a bit less about the future. If you are dealing with impostor syndrome, this is a crucial step.
e) Stay organized
Not being organized is a sure recipe for stress. Your time management needs to be impeccable, or else, your days will be chaotic and you’ll never know when you’ll get to the end of your tasks. Even if you work from home, create a schedule and stick to it. In addition, a lot of entrepreneurs recommend writing lists when they share their methods for fighting stress. Indeed, simply writing down all the tasks you need to take care of will immediately relieve some stress and anxiety as you won’t have to worry about forgetting anything. List keeping also allows you to organize your tasks according to priority and deal with the most critical issues first. Even this is a great way to avoid stress.
f) Turn to professionals
When small businesses expand, the stress load owners face also expands. The transitional period is the most difficult, as you’re trying to set everything up for the expansion while simultaneously running your business as you normally do. However, it’s really important that you don’t try to do everything yourself. Professionals are there for a reason, so, make sure you find the help you need instead of overworking yourself. If you need to find a new property, leave the search up to experienced real estate agents. For taking care of legal tasks, find trustworthy solicitors. For instance, if you are expanding your business throughout NSW and need to acquire property, it’s best to look up conveyancing in Tamworth so that you can be sure all the paperwork is done how it should be. All in all, know when something is beyond your capacities.
g) Mind your health
Have you ever been so busy that you even skipped your meals? This is a habit that you should do away with as soon as possible. Your health should always be a priority, as taking good care of yourself is also a crucial part of combating stress. One of the best ways to relieve stress is actually physical exercise. It has many benefits. First of all, it allows you to take some time off, leave your phone and pending emails behind, and focus only on yourself and your body for a short time at least. It keeps you fit and healthy and improves your sleep. Finally, it even makes you feel good, thanks to its effects on the brain. Taking care of yourself is incredibly important in protecting your mental health, so go for a jog when you feel stressed and you’ll feel better.
Hirav Shah says, “Stress is a serious threat to our health, and there is no doubt that small business owners get plenty of it. Find what works for you and make sure you tackle this issue before it gets overwhelming.”