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    An Entrepreneur's Secrets To Stress-Free Business
    An Entrepreneur's Secrets To Stress-Free Business
    An Entrepreneur's Secrets To Stress-Free Business
    Ebook144 pages1 hour

    An Entrepreneur's Secrets To Stress-Free Business

    By M.K. Madox

    ()

    Read preview

    About this ebook

    Discover an Easy Way to Improve Your Mental Health and Resilience, Eliminate Stress from Your Life and Prevent Burnout!

    Did you know that people who have low-stress levels earn more money than overworked and burnt-out people that hold the same position?

    LanguageEnglish
    PublisherMK Madox
    Release dateNov 9, 2021
    ISBN9781915206329
    An Entrepreneur's Secrets To Stress-Free Business

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      Book preview

      An Entrepreneur's Secrets To Stress-Free Business - M.K. Madox

      Introduction

      The past few years have not been easy for most people in business and has seen some businesses that seemed like they had solid foundations closing up shop. More than 17,500

      chain outlets closed shop across Great Britain in 2020 due to the COVID-19 pandemic (Munbodh, 2021), resulting in a loss of over 176,000 thousand jobs in the retail sector only.

      Focus on these statistics for a while. Anyone running a business who sees these figures and ponders on the implication of these stats on their business may experience heightened stress levels. This is understandably so! The turbulence, mainly stemming from the impact of the COVID-19 pandemic, has changed a business environment that is already fraught with business risk into an uneven terrain where only those nimble on their feet and have dynamic business models can survive. The increasing need for on the spot decisions requires more than a level head and textbook knowledge about how to manage business risks.

      Before getting into business, I knew that to be successful hinges on managing risks. I read up on the different types of risks and could, without batting an eyelid, recite what I needed to look out for in business. I could regurgitate textbook examples of economic risks, financial risks, operational risk, and so forth. What I failed to take into account, however, was that I am human. Successfully managing a business is entirely dependent on a symbiotic relationship between one’s physical well-being and emotional intelligence to tackle risks encountered as an entrepreneur and to manage stress levels that inevitably come with such risks.

      I, like many others, thought that the biggest hurdle in business is getting the business up and running. When I eventually did, I breathed a sigh of relief, thinking that I had made it! The reality, however, is that the journey from the start-up, to running a successful enterprise, is long and

      winding. There are various stages to growth, each fraught with different risks and challenges that can overwhelm and strain even the most competent person. Decisions made under uncertain conditions are especially difficult. Being aware that one wrong move can undo all the fruits of hard work that has taken years to put together can cause panic and anxiety, all of which can heighten stress levels.

      If you are an entrepreneur and have found yourself scratching your head or sweating when thinking about your business, you are not alone. What you are experiencing is called entrepreneurial stress, and all entrepreneurs face this.

      Nevertheless, in the same challenging business environment, entrepreneurs with the same business ideas perform differently. Some entrepreneurs fail while others make it. A major difference between those who make it and those who do not emanates from the ability to manage stress.

      If you want to unlock the secrets on how best you can effectively manage business stress, then this book is for you.

      It is designed to help you understand and identify the causes of stress in your life, how to diagnose if you are taking on more than you can handle, and how to regain the balance between your personal and business life. Not only will your business (and you) stand a greater chance of surviving whatever is thrown at it, you as an entrepreneur will supersede your expectations while achieving a work-life balance. You will be happier, healthier, and well on your way to making it as an entrepreneur. If you are ready to unlock the secrets of how to run a stress-free business, I invite you to turn the page and start this journey with me.

      Chapter 1: Are You Stressed?

      Being an entrepreneur, it is normal to find yourself in unchartered waters, battling to creatively solve problems in a way that can earn you money. This environment can also be fast-paced, demanding, and exhausting. For some, the entrepreneurial world is akin to an unforgiving slippery slope. If you put one wrong foot down, you may find yourself flat on your face, buried under tons of debt.

      Despite all these pressures that entrepreneurs face on their journey to success, a common occurrence is that businesspeople do not proactively search for stress remedies.

      This is usually not because they do not want to, but because they fail to recognize and/or diagnose signs of stress. This inevitably leads to failure to address stress early on, allowing the problem to fester and wreak havoc both in the business and in their personal lives.

      You do not have to fall into the same trap. The first step to solving a problem is to acknowledge that you have one. This can then be followed by steps that one can tackle to solve the problem. So, before you answer the question if you are stressed, the following section highlights some of the warning signs that you should watch out for.

      Warning Signs of Business-Induced Stress

      Stress can present in various ways and you should watch out for physical, mental, and/or behavioral warning signs. If you have experienced any of the following symptoms, then you are likely to be stressed. A scenario that can help you identify stress warning signs is given below:

      Patrick sighs, looks at the clock, and stands up to pour himself a glass of water and stretch his aching back. It is past midnight, and Patrick knows that his partner is probably going to have strong words for him in the morning for not going to bed on time and for missing dinner . . . again. He

      knows he should try to make it up to his better half, but he is not in the mood and has been avoiding being intimate for a long while. As he pours his water, he subconsciously rubs his lower back that has been giving him problems and then flexes his shoulders, trying to relieve a knot between his shoulders. He sighs again and carries his water back to his table. Just 30 more mins, he thinks, and then he will go to bed. There is a lot that needs to be done, and somehow, the 24 hours in a day never seems to be enough for him to do everything that he needs to be done. He sits at the table, and stares blankly at the screen, trying to think of talking points for the meeting that he has scheduled with a supplier.

      Patrick started the business three years ago, and he specializes in buying and selling computer accessories. The business was going very well, and midway through 2019, he decided to quit his nine-to-five job to concentrate on his business. He now has four employees working for him.

      Everyone else

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