5 Types of Entrepreneurial Stress & How to Manage Each

If you have your own business, you may know how difficult it can be to lessen your stress levels, especially in terms of being an entrepreneur. Running your own company can be exhilarating but may also keep you awake at night.

Here is a look at 5 types of entrepreneurial stress and what can be done about these things. When you are able to work through these issues, you have a better chance of succeeding in your goals. 

The 5 Types of Entrepreneurial Stress

Work Life Balance

Being able to maintain a proper work life balance can be challenging no matter what business you are in.

What makes it particularly difficult for entrepreneurs is that when you are running your own business, you are the main person responsible for many of the necessary matters.

For instance, it may be up to you to make all the phone calls, complete business transactions, and much more. This means there won’t be others to split the work with, at least while you are starting out, which means you have to work as many hours as it takes, in order to get the job done. 

Working long hours can be problematic for your personal life, and when it comes to spending time with your kids and loved ones. However, you can make it a priority to take time out for family dinners, special outings, and other things that are important to you, as well as complete your work at a time that won’t cause you to shirk other responsibilities.

Remember that it may take a while to find a good mix of the two, so keep trying until you are able to balance these two aspects of your life. Moreover, find someone to help you with some of the tasks you need to accomplish as soon as you are able to. 

Taking Time for You

In addition to taking time out for important events or family time, you also need to make sure that you take time for yourself. As an entrepreneur, you may feel like you are burned out when it comes to giving your all for your business.

You should do all you can to prevent this type of entrepreneurial stress. You may need to set boundaries between work and the rest of your life, so you will have time to relax as much as possible.

For instance, you can determine that you want to be able to spend time doing what you want to do on the weekends. This means you will need to stay away from work and business matters on Saturdays and Sundays.

You must stick to this to make it work. At times, you still might have to make a call or send an email on those days, but as long as you are sticking to your goals, this is something that you should expect and work around. 

Not Believing in Yourself

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As you work through the roller coaster of being an entrepreneur, you may feel like you just aren’t good enough and that your company isn’t either. You don’t need to think like this.

If you feel down or depressed, you may be experiencing a mood disorder, such as depression. Luckily, there is help out there if you feel this way.

You can work with a therapist to help you move past these feelings and they will also be able to teach you approaches to aid you in changing the way you think about yourself. This is called cognitive behavioral therapy.

Issues with Employees

Once you are able to add other people into the mix, they may cause you problems as well.

You might have an employee that doesn’t get along with others or simply isn’t doing their job like you need them to. When this happens, do your best to talk to them and be clear on what you expect out of them.

It may be helpful to read books or websites on how to talk to your employees, so you will have a better understanding concerning what may or may not work.

At the same time, when you properly vet your employees ahead of time, this can go a long way into making sure they are people that you can lean on. Take your time when you are interested in hiring someone, and make sure you have realistic expectations of them as well. 

Dealing with Failures

Another type of entrepreneurial stress that you may face is failing. The truth is that not all businesses will succeed, and others may not be as big as you expected them to be.

This does not mean that all hope is lost, however. You have to keep trying, be sure that you are adapting, and make the best decisions you can make. It is a good idea to know as much as you can about your niche, your customers, and everything else that is related to your business.

You should also make sure that the goals you set for yourself are reasonable, since you can’t be hard on yourself for not meeting the mark if it was next to impossible to do so. 

Keep these things in mind if you are an entrepreneur or are thinking of starting your own business. Even though you will have new issues to worry about, there are solutions for them and any other kind of entrepreneurial stress.

About The Author

Marie Miguel has been a writing and research expert for nearly a decade, covering a variety of health- related topics. Currently, she is contributing to the expansion and growth of a free online mental health resource with BetterHelp.com. With an interest and dedication to addressing stigmas associated with mental health, she continues to specifically target subjects related to anxiety and depression.