Entrepreneur Resources Your source for small business information
Most people that step out of the comforts of employed work and into entrepreneurship do so with the heads in the air. They think about all the rainbows and roses that come with being your own boss; all the perks and never any of the realities. But being an entrepreneur is one of the most stressful life choices anyone can ever make.
There are daily stresses and long-term stresses, worries about employees and money and payrolls and customer satisfaction and longevity. But if this has suddenly made you worry, take a moment and a deep breath, because we have spoken to serial entrepreneurs and gotten their top tips on what causes this stress and how to relieve it.
Surround Yourself With Lots Of Help
Most first time entrepreneurs try and go it alone. They do this because they think they have to as much as they think they want to. They do it because their true grit and dogged determination say that they can and they all too often want to prove that this is the case. But don’t. Seriously, don’t go it alone. Starting a business is seriously hard work and we all have limits of how far we can be pushed and pulled. Days are long, nights are short and weekends are non-existent, so make sure you get help with this before you start suffering from burnout and all the stresses that accompany it. Trust us on this one. Even if it just hiring a virtual assistant, it will be the best move you ever made.
Splash The Cash On These Two
We know that hiring anyone can be a thought that doesn’t cross your mind because hiring people costs money. But there are two people that you should hire as soon as you can. The first is a lawyer. You are new to this and there are a lot of legal agreements and demands that you have to meet, and it could costs you a whole lot more in the long run if you don’t get impeccable legal advice now. The other is a technical expert. When you start a company your brain is focused on the bottom-line and marketing and customer service and all these different facets of business, but rarely on your own infrastructure. Well, startup businesses are more prone to cyber attack than anyone, and that is why you need a tech superstar by your side, someone you can have a data ransom discussion with, or get to encrypt your smart TV or inform you of the dangers of a bring your own device to work policy. One breach could cripple you, so make sure you have someone in the know by your side.
Don’t Borrow From Family Members
When you become an entrepreneur, you read as much as you can about how to succeed, and that means reading about your funding options. Pretty much every article you read will state borrowing from family on that list, but you should avoid this at all costs if you can. Running a business is stressful enough to do without the worry that you could leave your partner in financial ruin or be the reason your parents lost their house. You want to limit your stresses, not add to them, and that means trying to leave your family out of it. Luckily, this is achievable because there are so many borrowing options available to entrepreneurs these days.
