It’s no secret that having a business is stressful. There are problems that you cannot sometimes fix despite all your efforts. It can cause your mental and emotional state to fall off the edge. Fortunately, there are specific things you can do to avoid severe stress when managing your business.
Develop Multiple Backup Plans
As a business owner, you might think having one or two backup plans is okay. But I suppose you might be wrong. When handling a business, you need to learn to have multiple backup plans to save your business from failing. It would be best if you started by defining your needs. Do not always compromise on what’s in front of you because situations can get messy despite your effort to keep things according to your plan. It would be best if you created strategy after strategy to avoid losing all your resources, energy, time, and money.
Focus On Your Goal
The main reason a business becomes so stressful is when you have many things in your mind that you want to do with your business. As a business owner, you need to be specific about the goal that you want to achieve. Use the business mission and vision. Refrain from overthinking other things that can make you lose interest in your business. Always stick to the plan and work according to your goal. If you want your business to venture out into something, ensure that you are prepared for the possible risks and future struggles.
Don’t Overspend On Inappropriate Things
Having a business is often trial and error. There are things you don’t know that can influence you to try and take a new perspective. However, along with that enthusiasm comes with financial burden most of the time. Your decision to change something in the business or try to consider an upgrade can require you to spend. To avoid another financial loss, list all the important things you think you need and, from there, crash out some that aren’t worth buying.
Learn To Know What’s More Important
In a business setup, some things often take so much of all your resources. These include human resources, daily expenses, loss, hidden charges, and schedules. Sometimes, these components that you often miscalculate and consider inessentials are the things that bring your business down. So before that happens, you need to learn what is important inside your business. Take time to evaluate the things that keep you from creating a productive result. From there, change or address the issue before it gets worse.
Maintain A Normal Routine
Your business is important, and so is your overall health. To fight stress, you need to understand that what you do daily contributes greatly to your emotional and mental wellness. Therefore, you must be certain to make a normal routine that doesn’t compromise your health. You have to follow a regular course of habit that encourages you to live physically, emotionally, and mentally stable. Always help yourself to become better each day.
Do Not Hesitate To Delegate
One thing that business owners need to understand is that their business is not a one-person team. There are a lot of tasks that need to be done, and you need help to handle everything. It is wise to have other people work on it, especially on those duties and responsibilities that you can’t handle or are not familiar with. Value the importance of delegating a task because that’s the only way for your business to survive. Delegating helps grow and develop your business’s positive work influence.
Let Go Of What You Can’t Control
A stressful business always has something to do with what you want but can’t achieve. Sometimes, it becomes very daunting when you only want what’s best for your company, so you put up a lot of effort, time, and money and gain a negative result. Trying so hard to be the best or perfecting something that isn’t is what makes you fail. Instead, it would be best to learn to let go of the things you can’t control. Whether it’s your daily sales, the number of customers, required savings, etc., be contended.
Increase Your Mental Stamina
Your business won’t stop giving you a headache. It’s part of it. These stress-related issues you deal with it are what make it more challenging. To bear and fight with it, you must increase your mental stamina. Start by thinking positively. Always remember that your mindset defines your ability. Thus you need to visualize, slow down, rest, and reset. Practice mindfulness and develop a routine that helps with your mental ability, such as exercising, getting enough sleep, keeping a journal, and practicing self-compassion.
These steps are proven effective for stress-free business management. However, if these don’t work and do not guarantee better results, try consulting a professional therapist. Allow them to help you with your stress management problems so that you can handle your business better.
Ever since I graduated college, I always have been open to ideas. Thus, I always take risks and come up with business concepts. I make my own brand instead of venturing into a franchise. But complications still pushed me to close all my successful businesses, and I am about to share them with you in this article.
The Business Endeavor
My passion is cooking, so I started a food business five years ago. At first, it was more of a pre-order setup where my customers, particularly friends, co-workers, and family relatives, are the ones who are constantly buying from me. Then after a couple of months, I went to the outside market where friends of friends recommended my food.
It was a fulfilling and financially rewarding business because I never really had to spend a lot. I remember back then that the only few investments I considered big were buying cooking pieces of equipment only. I didn’t buy things I didn’t need and only used the ones available at home. It was one of the perks of the pre-order food business.
The business garnered enough clients to make it profitable. The revenue got big that I decided to open up a small diner. There, I managed to put up quite an amount for the investment. I rented a small space, renovated it, bought tables and chairs, completed all the kitchen equipment, and hired a couple of crews. Admittedly, it was a tough decision because I had to risk all my savings to make my small restaurant come to life.
Fortunately, I managed to run the diner. Since people are already familiar with my small restaurants’ dishes, I never really worry about marketing the product. The success of my business continually grows, and I am sure it will solve all my financial problems.
My business was thriving, and people loved my products. I have sales revenue every day, and I am thankful I never have to worry about major financial issues since I was already saving some every month.
But then here comes the pandemic. The local unit in our area told me that I had closed my business for a couple of weeks because of COVID-19. I abide by the rules. I was never worried since they told me things would be better after a couple of days, and I would have to wait for the memo about when to operate again.
Unfortunately, the lockdowns are extending to the point that I can no longer buy the supplies I need for my food business. For the next six months, I was left with a memo not to open my store. The sad part is that I still have to pay the monthly rent and bills.
Then there came a local memo that food stores could now operate. However, takes outs only and dine-in customers are prohibited. I thought that it was the solution that I had been waiting for. So I opened the business again and operated it. Sadly, the income was never the same. I was spending more on the staff and supplies of the diner without getting even with the financial gain. I tried to get by and maintain the store without noticing that I had already spent all my remaining savings.
I was hopeful that things would still become okay and that the lockdowns and restrictions would soon come to an end. But I was wrong. Days, weeks, months, and another year passed, and I was left with less and less income. Fewer and fewer people were coming to the store. It was the time that people were starting to learn to cook at home and did not want to buy cooked food outside.
Then I got frustrated. I never imagined that all those times I am trying to get by, my debts are piling up. The moment I realized that I owe a lot of people a lot of money, my mental and emotional state fell. All the stress smashed over me, leaving me with depression and anxiety.
I got bedridden due to the physical effect of depression. That was the moment I decided to stop and close the business. I sold everything, and the money from those was the one I used to pay my debts.
If I learn one thing from experience, it is to know when it is not worth continuing. I was so optimistic that I didn’t look closer to reality. I was so confident about my business that I never considered the possibility of failure. I was so hopeful and positive that I didn’t consider pausing for my mental and emotional health.
So if you want to try and start a business, remember that optimism is not always a great quality. Sometimes, you need to stand in front of reality to better make a realistic decision.
Perhaps you wanted to start your own business because you see the lifestyle of a successful business owner on social media. Or perhaps you want to start because you know many business people who are making a good amount of money with their entrepreneurial skills. Or maybe you know someone living a luxurious life due to the companies they run. And because you want what these people have, you tell yourself that you can also make it because they made it.
Honestly, that is a good sign that you are looking at a different perspective. With that mentality, you can gain confidence and self-awareness. It is the idea of being in control that persuades numerous to start projects. They have no clue about the cash that is required or the sort of persistence they need to have until their projects come up to a specific level for them to make back the initial investment or create gains from the project.
Do A Reality Check
When NOT To Start Your Business
However, starting up a business doesn’t happen overnight. There are lots of things you need to consider to come up with a better project plan. You don’t just go, choose, copy, and start a project that you know nothing about.
Warning signs that tell if you are not ready to start your business just yet:
Business Tip #1
Don’t Start Business If You’re Broke
All businesses require financial needs, and some successful companies spend almost all their wealth on creating one. If you do not have enough money, do not start your business. Any business requires a lot of time to mature and generate profit. Therefore, if you think you will get a lot of cash once you opened up a business, you are wrong.
A starting business doesn’t generate instant financial stability.
If you get lucky, your business might generate income after six months or per year. If there are obstacles and your business is taking the steps slowly, it might generate an income not after two to three years, depending on its situation in the market. Business owners do not make a profit until many years.
Business Tip #2
Don’t Start Business That You Know Nothing About
You should not start your project when you don’t understand the industry. It does not mean that you will also do good in the project you would start because other people are good at doing something.
To make money in every business, you have to understand what’s in the business for you. If you don’t know the industry, don’t jump into it.
But if it is something that you are more than willing to take the risk and learn, then that is the time you can convince yourself to engage. But if you don’t like or love what you are doing and you are only into business just because you saw someone making rounds of money over it, you will fail your business and yourself. However, it would be great even to have a little idea of how that particular business industry operates. Ask yourself if you can contribute something to that business you want to start up and learn something from scratch.
Business Tip #3
Don’t Start Business If You Are The Weak Type
Yes. Before starting up a business, you need to be mentally, physically, and emotionally tough. That way, you can endure pain and misery for a long period. You need to determine what are the prices you are willing to take to accomplish your desired success. Remember that almost all entrepreneurs experienced all sorts of physical, mental, and emotional pain, and not every one of them conquered it. Some of them struggled only to get a small portion of success. If you are open to taking that risk, then you can proceed to start your business. But if you think you couldn’t handle it, then better not start your business just yet. The learning curve of a business is steep, and
it takes a few heartaches, frustrations, and exhaustion before you can get a sense of what you are genuinely doing.
There are many consequences in business that might put you in an unfortunate situation and can entirely damage your overall well-being.
Business Tip #3
Don’t Start Business If You Want More Free Time
Everyone discusses the good things in starting up a business, but nobody talks about its dark side. If you think that starting up a business can give you a lot of free time, you are kidding yourself. Your business can take so much of your time almost your entire life. So if you think that you can quit your job just because you started your own business, you are making things complicated. A business can only guarantee your free time once it lasted for about a decade. During the first few years of investing in the business, you wouldn’t get anything. Running your own business is far more than a nine-to-five job because it is on your mind 24/7. Business can deprive you of sleep, make you care for yourself less, complicate your relationship with other people, etc. Starting up a business requires all your energy and time.
Did it ever occur to you how it is to run a startup? Have you ever had that feeling that there is not enough time in a day to get things done? In terms of handling personal matters and going for a business startup, you experienced a lot of pressure. When venturing out into a business, the problems do not just send in one task. There are always more and more things piling up nonstop.
With this, even the smallest things become so overwhelming, especially if you need to comply and accomplish all of them simultaneously. That could lead to a series of mental health problems such as stress, anxiety, and depression.
Startup Stress: Business Pressure Can Be Overwhelming
The Stress Of A Startup Business
Stress is an inevitable thing, and when it gets to you, it can ruin even the greatest ideas you have for your startup. Fortunately, there are things you can do to help yourself manage. Note that these tips helped a lot of people perform and function better. But it does not guarantee to work well with your physical, mental, and emotional needs. But for what it’s worth, you can still try and incorporate these to better manage your personal life and startup.
Value Progress Over Perfection
A lot of times, when you try to accomplish things, you always have that preference. You want to make everything perfect, and you want things to go along with the plan. But you can never make things right without making a mistake. Almost always, constantly wanting perfection is a bad thing as it potentially slows down your progress. Therefore, forget trying to make everything perfect. Because chances are, things are not going to be perfect anyway. You will only end up chasing something that is almost non-existent.
Instead, work on ways to improve better what you already started. Note in mind that in every startup, the things you started to put in the marketplace need a constant tweak.
It’s Okay To Make Mistakes
Whatever good and perfect product or project you put on paper does not always go along with the execution. You need to have that specific flexibility to pivot to create ideas, build a mindset, and manage business behaviors. Be okay with making mistakes so you can learn from them. You do not have to get things right all the time. As long as you are moving forward with the business and creating something better one step at a time, you will be a little closer to your goals.
Please value progress over perfection.
Business Tips To Live By When You’re Running A Startup:
Write Down The Things You Need To Do In Your Day
When handling your starting business, you do not just go out there and do things according to your choices. You don’t just act on your will because you need to have a list of things to follow. Everything you do in your entire startup should flow according to the desired progress that benefits you and your business.
It is not just about scheduling your day and gearing up and prioritizing your obligations. It is more like trying your best to accomplish what you already planned in the exact moment.
In a project that just commenced, career skills are a must. Begin improving skills.
Make Sure There Is Always A Good Outcome On The Things You Need To Do
Often, the problem with writing down the things you need to accomplish has something to do with distractions. You thought that some of the stuff listed in your daily goals are the priorities you need to take. But they usually end up as undesirable task that only takes so much of your time and energy. So when writing a to-do list, always ensure that those things can put up an outcome. You need to block out every single task that you have to do to avoid inserting nonsense agendas.
Be mindful of protecting your time.
Business Startup Tips
Focus On Your Strength And Do Things One At A Time
You often get stressed out because you spend a lot of time outside your capability zone. Meaning, your emotional and mental ability lose their potential because you keep engaging with pressure. To avoid getting stressed out, you have to understand that you are not born capable of everything. Therefore, instead of constantly thinking about your weaknesses, focus on your strength. Find a way to use your ability to help you accomplish tasks.
The problem with starting up a business is that you can never do everything. Therefore, you need to delegate the smaller task. It will not only save your time but will also help you understand the significance of teamwork. You need to realize that your weaknesses can be other individuals’ strengths. When you delegate and outsource the work to those people with potential, you will free up a lot of time, emotional space, and mental bandwidth. From there, you can focus on valuable activities that are more income-generating.
Do not do everything yourself when starting a business because that is the thing that can hold you back from moving to the next level.
Running a business, especially a startup, can be overwhelming. Considering the limited resources, the founder would need to act on different roles at the same time. The amount of work and the responsibilities can end being messy. The inability to manage it well can eventually lead to major problems. At times, it can even end up affecting mental health.
If you find yourself in such a place, you might be interested in getting to know more about schema therapy. This article will guide you through and show you how schema therapy can help you.
Schemas primarily functions to make sense out of often overwhelming sets of information. It is a tedious task to interpret the vast amount of information in our surroundings. Schema therapy are useful because they help us take in information and make it more digestible. It pertain to patterns of thought or behavior that categorize information and the relationships between them. Most of these are formed in early childhood.
Psychologists like Jean Piaget and Frederic Bartlett popularized the use of Schema. Bartlett theorized that people understand the world through a network of abstract mental frameworks. Jean Piaget, however, more formally introduced the term Schema therapy. Included as one of the key concepts in his theory on cognitive development, he suggested that children go through intellectual growth stages.
Much of this growth is attributed to the increasing complexity of schemas formed by children. In Piaget’s use of the term such that there is duality. Schema therapy is used as a term for both a category of knowledge and knowledge acquisition through forming mental frameworks.
Schema formation is an adaptive behavior. With new experiences and the presentation of new information comes new ones and replacing old schemas. Sometimes schemas can work to our advantage, and sometimes they can exacerbate existing misconceptions and notions about the world.
Stereotypes are a form of maladaptive schemas. Schemas can sometimes add to stereotypical thinking. Deeply established mental frameworks within individuals may pose difficulty in retaining new information and unlearning unhealthy thoughts and behaviors.
Schema therapy is a type of psychotherapy that can counter the formation of unhealthy ways of thinking. It can provide patients with guidance when creating new schemas or untangling harmful schemas from traumatic experiences.
Schema Therapy FAQs
What is schema therapy used for?
Schema therapy is most commonly used to help people with borderline personality disorder, narcissistic personality disorder, and paranoid personality disorder. This evidence-based psychotherapy helps individuals become more aware of their unmet emotional needs to help deal with their mental health problems. This technique is also useful for people with anxiety, chronic depression, and substance abuse issues.
What are the 18 schemas?
Jeffrey Young, a psychologist and leading researcher on the study of schemas, defined eighteen common negative schemas that individuals may develop in their early life or childhood. These schemas are as follows:
Vulnerability to harm
Lack of self-control
These schemas are beliefs that may affect how a person feels or sees themselves.
What is the schema mode?
Schema mode combines your active schemas and coping styles, which may either be helpful or unhelpful to you. These modes are useful in grouping your schemas into a single state of mind instead of individual traits. They are divided into four categories, namely:
Child modes – childlike feelings and behaviors
Dysfunctional coping modes – used to help with emotional distress that ends up reinforcing the schema.
Dysfunctional parent modes – made up of critical and harsh parental voices
Healthy adult modes – the healthy, functional self that helps deal with the effects of other modes and setting limits
What are schemas in CBT?
Schemas are maladaptive patterns that you may develop when your childhood needs are unmet. Cognitive therapists believe that these core beliefs are central to the maintenance and reinforcement of long-term psychiatric problems. Therapists work with their clients to weaken these schemas and develop more helpful and new schemas.
Does schema therapy change schemas and symptoms?
There is some evidence showing that schema therapy helps improve symptoms of borderline personality disorder. But more research and work are needed to support use for other mental health disorders. Patient preference and clinical expertise also affect when to use this technique.
What are the four types of schema?
Schemas are continuously developed and formed as we age, and the four types of schemas that people may have include:
Person schema – focuses on information about specific individuals.
Social schema – focuses on general information about how individuals should behave in specific social situations.
Self-schema – focuses on oneself, which includes the idea about your current self and your idealized or future self.
Event schema – focuses on how you should behave in certain events, including how to act, what to do, and what to say.
What is Schema Therapy for Borderline Personality?
Schema therapy for borderline personality aims to reorganize the inner structure – cognitive-behavioral, attachment, psychodynamic, and emotions – of people with this personality disorder. During the therapy sessions, the clinical expert and patient will work using the four core mechanisms, which are the following:
Experiential imagery and dialogue work
Cognitive reconstruction and education
These mechanisms will be used as the patient and clinical expert passes through three phases of treatment: bonding and regulating emotions, changing schema mode, and developing autonomy.
Is schema therapy evidence-based?
Yes. The schema therapy, developed by Jeffrey Young in 1994, is an evidence-based psychotherapy that incorporates a variety of aspects from other treatments like behavioral, cognitive, and psychodynamic therapies. This technique has also been useful as a treatment for borderline personality disorder when used in randomized controlled trials.
What are schema and examples?
Schema is a mental structure that helps an individual organize and interpret the vast amount of information we encounter from our environment and everyday lives. It can either be helpful or unhelpful in learning new things as individuals focus on their pre-existing schemas.
An example is our schema of a dog, which is an animal with fur and four legs. So, for a kid with that mental structure, animals with these characteristics are dogs, unless they learn the new names and eventually build up a new schema for each new animal.
What is a schema in Piaget’s theory?
In Piaget’s theory, a schema is both the knowledge acquired and the process of getting that new information. People are continually learning and taking in new things from their environment, so new schemas are formed continuously, and old schemas are modified or changed.
Can schemas change?
Yes. Schemas can change by undergoing accommodation and assimilation. Assimilation happens by adding new information to an old schema. On the other hand, accommodation occurs by changing pre-existing schemas or forming a new schema when you experience or learn new things.
Although schemas can change, it can become challenging to do so as you grow older, even if you are presented with pieces of evidence that contradict your old schema.
What are relationship schemas?
Relationship schemas are mental structures that we often start to form as we grow up. These are based on the relationships of people around us, like how our parents interact. Each defines whether we avoid relationships for fear of their dangers or continuously repeat bad relationship decisions like abusive relationships and marriages.
More than beliefs and ideas, schemas are pervasive patterns of thinking and behavior. It is essential to create healthy schemas because they are deeply ingrained thoughts related to our sense of self and worldview. When people’s emotional needs are unmet in childhood, maladaptive schemas form. These harmful schemas can affect a person throughout their life. These can also be a factor in problematic coping strategies and behaviors if left unchecked.
When stressful events in the present mimic traumatic events from the past, it may result in harmful coping mechanisms in response to present stressors. People with borderline personality disorder often have symptoms caused by painful childhood experiences. The formation of maladaptive schemas from early childhood may contribute to the development of the disorder. It can also affect the severity of how symptoms manifest.
Schema therapy can provide an avenue for those with a borderline personality disorder. It allows them to control their symptoms as negative schemas trigger most of them in the first place. Schema therapy is a way to guide people to break free from harmful patterns of thinking. SFT helps to untangle these complex mental structures that bring about negative misconceptions of the self or others.
Schema therapy type is an integrative type of treatment that draws elements from cognitive behavioral therapy, attachment theory, etc. Going to therapy may be difficult for people who live in places where lockdown is strict or when you live with immunocompromised people.
Luckily, there are startups dedicated to mental health which can guide you in your mental health journey. It is possible to untangle complicated misconceptions and thoughts to improve your quality of life through therapy ultimately.
The health sector nowadays has stepped up big time to break the stigma on mental health. Intertwining science, technology, and medicine, more and more digital mental health startups rose in this arena. Read on to engage with their products and services, depending on your needs.
Some professionals find it challenging to diagnose and treat mental illnesses virtually since it can be challenging to diagnose through telemedicine. Unless they’re taking tests or doing in-depth interviews, it’s difficult to note if they’re undergoing anxiety disorders, major depression, or cognitive problems.
With Clarigent Health, a US-American Company, accomplishing this task is more manageable than ever. They developed a platform with the foundation of AI and machine learning (ML), which will help detect mental health conditions in its first stages. Basically, it’s a clinical decision support tool. Its goal is to provide the health care professionals with insights regarding suicide ideation and other connected mental health conditions.
Yes, there are a lot of mental health apps available in the market already. However, what’s lacking with their innovations is the option of personalizing and tailor fitting it with their needs. With Meditopia, you get to do this unique feature.
Meditopia is a Turkish startup that aims to address mental health problems through a meditation app. It includes instructions for deep breathing, relaxation, and other techniques to combat stress and anxiety. It achieves this by offering personalized meditation sessions. It also banks on the concept of using art to lower stress levels.
They offer unique bedtime stories that will revolve around mental health illness, stress, and more. They also post various music choices that will help reduce anxiety levels and cope with daily stress. It’s also a way to relax and look for ways to sleep properly. You may even create your playlist so you won’t have to go over it manually every day.
This startup cause is something that has never been done before. Panion was founded in Malmo, Sweden, in 2018. As of October 2020, it now has 150,000 downloads, 110,000 registered, 4,000 gatherings, and more than 40,000 initiated chats. So what does it do?
It is a search engine that guides you into looking for like-minded people that are near you. Its algorithm relies on searchable and taggable values such as values, experiences, gender, interests, and more. It came up with a matchmaking system that will connect individuals based on similar and overlapping keywords and their primary location. Once you set your preferred basis, you may join live “gatherings” in your area to be able to connect with these people.
Keep in mind that this does not work like a dating app. Instead, it banks on the idea of looking for a common group of friends that you can hang out with so that you get to address the problem of isolation. It is a way to improve mental well-being.
Mental health does not only revolve around the brain or emotions. Nutrition and exercise also impact this area. Therefore, if you’re experiencing an imbalance on these two, it will be most likely that it would take a toll on your mental health. Lifesum aims to be your partner of choice in the physical aspect.
This Swedish health tech startup offers exercises, tracks calorie intake, and provides nutritional information. Once they crunch all of these data, they develop a personalized plan to address your health problems. They help you come up with better food choices and improve your exercising habits. Aside from this, they also provide some reads on the importance of physical health to the mental aspect.
Individuals suffering from depression, anxiety, bipolar disorders, or more require continuous monitoring and handling of support tools to ensure that they do not get overwhelmed by their own emotions. Simultaneously, this is also essential as it tracks the changes in emotional patterns and habits every day.
With this in mind, Sentio Solutions, a USA-based company, came up with Feel. It is an emotion-sensing wristband which has an installed app that offers real-time monitoring of the emotional and mental aspect. It also comes up with personalized and tailored interventions for its users.
Keep in mind that this is not just any ordinary app. It bases its approach on the different evidence-based behavioral techniques such as Positive Psychology, Mindfulness, and Cognitive Behavioral Therapy. It also integrates the startup’s proprietary emotion recognition technology.
Mood track is essential for those with bipolar disorders and depression. They provide awareness to the individuals and use all of the information for a steadier and more effective recovery process.
With this in mind, Moodpath, a German startup, came up with their own mental health companion. This app asks daily questions to its users to evaluate their overall well-being. It also has an algorithm where it will be able to screen them and check whether they have depression symptoms.
After all of these steps, the app generates electronic documents that will serve as the monitoring sheet. Your therapist can use the results here in consultations.
Smashing the taboo of mental health is complicated and challenging. But with the success stories of all these mental health startups, we can say nothing is impossible. We have to take it one step at a time.
Having a startup is something to be proud of. You have created an income-generated company out of a mere idea; more people manage to get out of their jobless phase. Your products and services are a welcome change in your industry, too. Thanks to you, the consumers have access to a broader range of options—an impossible feat when enterprises and corporations still monopolized the market.
Despite that, the level of dedication that a startup requires from a person is typically easier to fulfill for an unattached individual than someone with a family. After all, when you have a budding business, the investors come once it becomes established. You must pool all your resources before that to bring your ideas to reality. Some startup entrepreneurs are known to sleep in their parents’ basements or only eat once a day since they no longer have money for rent or food. If that happens to a young couple with babies, it will undoubtedly be not so ideal.
So, it makes everyone think, “How can you balance your startup and your family life?”
Create A Fail-Safe Plan
The first thing on your list must be to create a fail-safe plan. I get that being a startup owner requires plenty of guts and willpower. Still, you cannot dive into their entrepreneurial industry without thinking of how you can minimize your losses.
The key is to stick with the reality that you have a 50:50 chance of becoming a business wonder. It can fail, and there is nothing you can do about it. However, the failure should not hurt you much if you cushion the blow before it happens.
Avoid Leaving Your Day Job
A significant part of that fail-safe plan is to avoid leaving your day job. Doing the opposite to follow your dreams seems like the wisest decision when you feel incredibly determined to have a startup, yes. Still, you can guarantee that there will always be money to spend in your bank account when you work for another person or company.
It is challenging to juggle two jobs, especially if they call for two different skillsets. I know it does not feel invigorating to keep on doing something that you no longer love. That’s why you want to open a startup in the first place—to make sure that you are only doing what makes you happy. But you must think of handing in your resignation letter once your business is already generating profits.
Secure Your Family’s Budget Before Anything Else
Considering you want to be known as a wise entrepreneur, you should know that every dollar counts and should not all drop into your startup’s funding. It appears to be a smart idea to get everything moving, but it matters to think of your family. The business plans can wait, but not their financial needs.
Thus, even before your salary comes, you must secure your home budget. Say, one half of it goes to the family, while the other half goes to the startup. It may even become 1:4 in favor of the business, assuming your spouse contributes to the expenses. When you prioritize your family’s needs, your children will never resent you and your startup once they grow up.
Consider Saving More Money Before Working On Your Startup
Ask yourself, “Must I open a startup business now? Can’t it wait?”
If there is no urgent reason to become an entrepreneur, you can consider saving more money before getting started with your plans. That will give you time to prepare your finances and avoid taking out loans.
If you can no longer wait, though, you should let your family—especially your spouse—about it. Explain your reasons to them and make sure that everyone is on the same page. This way, they will not accuse you of making decisions behind their back.
Spend Holidays With Your Family
When your startup is already in motion, your schedule may always be tight. You get up early and leave the office late; sometimes, you may even end up sleeping on your desk due to exhaustion.
That should be understandable for your loved ones, but there are unique occasions that you should never miss. E.g., birthdays, graduations, weddings, and other holidays. In those days, you must pause everything and return home to be with your family. Doing so will help them realize that they are still on top of your priority list.
It may never be easy to balance your startup and family life. Both require you to stay ahead of your game to avoid failing in either. If it does not happen, you may need to choose between the two. That is a task that always ends in heartaches and financial losses.
To guarantee that neither will suffer, you should remind yourself of the tips mentioned above. Good luck!
We live in an extremely perplexing ‘new normal’ as this coronavirus crisis spreads throughout the world. From managing the transformations to physical distancing, children learning from home, dealing with abandoned projects, canceled travels, working at home, ad taking proper precautionary measures every time we leave the house, everyone is trying to get accustomed to the changes.
Social media listeners and viewers are feeling susceptible and sympathetic as well. As a business, we must be meticulous in sending messages that do not cause misinterpretation. If you are having trouble engaging your social media followers and keeping them safe and informed, read on, and learn about a few do’s and don’ts for social media during COVID times.
What to do:
Prioritize your audience. Take advantage of the time to establish trust and reach out to more clients. Provide useful resources, promos, free products, or even an ear to listen to them if they wish to vent out their concerns. Be updated. If someone is seeking help, be sure that you are equipped with simple tips that you can share with them.
Keep in touch with your team. Being part of a team means that you have a manager, staff, and other members that you need to take care of. Ensure that all your team members are on the same page on the techniques that you will assume.
Assure them that you are there. Reply to the messages of your audience. People who are in self-isolation would be grateful to hear a live voice that they can talk to about relevant and even irrelevant matters.
Take note of your high-ranking articles and repost them. Don’t throw your old posts to the archive. Reuse them once, so you don’t need to be too anxious about writing new content. It is one of the best practices to use articles more than once, so it should be nothing to worry about. Also, it’s practical to double-check your scheduled postings, unscheduled posts that you think are not supposed to be posted during this time, and just save them for when they can be reused at the right time.
Take a break. Rest when you can from social media. Sometimes, you may need to prioritize your well-being as well as your family’s well-being. When you’re rejuvenated and reenergized, you can reach out and show empathy towards others. When people are lonely, you can efficiently communicate with them live and, in a way, help make their lives easier.
What not to do:
Don’t provide updates about the pandemic. Of course, in most of your posts and emails, you can’t help but mention the current pandemic, but just make sure that you don’t add to your audience’s anxiety by spreading incorrect information. Let the proper authorities give them the updates.
Do not take advantage of the current crisis. This is not the time to boast or think about gaining something out of this unfortunate situation. These are times when you must show humility and strive to be able to serve your followers the best way that you can.
Do not force them to spend too much. We are talking about your business, so naturally, you are still trying to earn, but do not do it by being insensitive to their feelings. This is especially true if you are in the luxury business. Perhaps you can reevaluate the dates of your promos and new releases.
Never email your followers about your emergency plan unless they are affected by the COVID-19 pandemic. If you have been paying attention, you’ll know that almost all businesses are creating email lists about their plans during and after the crisis. Some companies do need to, but if your plan may impact only a few individuals, it’s better to send them direct emails as a way of respecting your audience.
Do not give up. This is crucial, particularly if you are a company, a small business owner creating your social media. You might feel stressed, angry, or anxious about the circumstances or the people handling the present pandemic. Of course, you have the right to express your opinions appropriately, but you also need to make sure that your account does not become a page where people often see negativity. Do not give up on your business. Use social media to your advantage.
Now more than ever, people are becoming internet-addicted, especially since the social distancing and shelter-in-place protocols. The World Wide Web has undeniably become a vital part of everyone’s lives. It is used for a variety of reasons – business, leisure, news, and whatnot. For someone who wants to earn a living through the Internet, web presence is pretty significant.
What is web presence?
Web presence may be a business or a person that has built a name in the world wide web through social media, email, a blog, or a website. An online presence offers several opportunities to advertise yourself and your business, so an excellent web presence really does matter because it improves reputation and increases sales. Customers can find details about your company and can definitely do business with you online. But before anything, here are some questions to answer when building your website.
Do you have an existing website? Is it updated?
What about your social media posts and profiles? Are they informative and interesting enough?
Do you have articles on your website that are unique and helpful?
Does your site have reviews?
People go online to find information that they need, and if your website has what they are looking for, they will find it and stay on it. Even the smallest business can most certainly benefit from a great website. Be sure you have these elements in your site:
Your business can be conveniently found on the World Wide Web.
There are thousands of small and big companies online that will motivate you to do better.
Your site must be accessible from anywhere in the world.
Your products and services must be legit and of good quality for starters.
How can I build a robust web presence?
Without a good web presence, your business won’t catch the attention that it needs to prosper. Establishing an online presence is not a quick process. Here are a few components that you need to consider first.
Website. This is the biggest part of your web presence. It is a virtual business card for your company where people can see what you stand for, how you can help them, why they should patronize your products or services. It must be well-designed with a lot of quality content. Also, consider SEO.
Social Media Platforms. A great way to advertise for free would be to utilize platforms such as Facebook, LinkedIn, and Twitter. You can efficiently communicate with your customers here and will allow you to establish trust and among them. To widen your audience, you can also link your social media profiles to other social networks as well.
Blogs. These are powerful tools that you can use to reach out to your customers. Write blogs that are SEO-optimized with content that provides positive content about your business. Aside from the ones that you create, you can also link other equally good blogs to your site as well.
Forums. Forums are virtual groups that talk and discuss recent events, popular products and services, and others. Be in the know, especially about the COVID-19 pandemic and what people need during this time. Joining forums allows you to be updated on the present circumstances and helps you establish a new customer base.
How important is web presence during an outbreak?
While your business used to be complete with a display of your products or services in a cozy shop downtown, it won’t do much good during this outbreak, especially with the implementation of quarantine and shelter-in-place protocols. This is where the relevance of having a strong web presence comes into play. The presentation of your brick and mortar business needs to be converted into a website that depicts the purposes and values of your products or services. Create your web presence in a way that shows your customers that amidst this global crisis, your business can make a difference.