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Business
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July 20, 2021

How To Thrive In Your Entrepreneurial Journey, Not Just Survive

There’s no definition of what an entrepreneur is that everybody agrees on. One thing in particular that all-encompassing, however, is that entrepreneurs take on risk. Risk is an interesting thing. More risk tends to increase the reward, but of course, decreases the chance of success. It also has a tricky habit of causing a lot of stress rather. When you’re trying to make it as an entrepreneur, it can be easy to overlook your health, but stress, overwork and fatigue can have very real negative impacts on your business, no matter if you’re starting up or have built up your company to a good size. It’s a good business decision, as well as a good personal choice, to make a concerted effort to stay sane in a busy working life. Here’s how:

Delegate

What makes a good CEO? There’s no one answer, but many would argue that delegation is one of the key skills at which those in command need to excel. You can’t handle everything, you’re not omniscient and omnipresent, so it’s vital that you have a realistic awareness of how much you can do yourself and how much you need to delegate. It can be handy to constantly prioritise your tasks, as this will allow you to delegate the lower priority work to others when there’s too much on your plate while keeping a flexible attitude towards your duties.

Team Construction

Do you know what causes stress? Stress occurs when your workload is mismatched with your ability, but also when you don’t have much control over the outcome of a situation. When you’re trying to make it as an entrepreneur, you’ll have to build a team around you sooner or later. Be aware that this team will be what makes or breaks your business. Having people around you that you can trust to be competent and honest is essential for your success. When you delegate lower priority tasks, you could do so to freelancers on gig websites, but that introduces an element of uncertainty that can put you ill at ease. You will work best when you can delegate and precisely know the quality of work you’ll receive.

Company Culture

Your company culture is important not just for the cohesion of your employees and the growth of your business, but for your mental health and business aptitude. Company culture should be carefully crafted and strategies to enhance productivity but also to support you as an entrepreneur. You will face enough stress from outside the business, so make sure your company culture is organised in such a way that eases tension. Many big companies are introducing concepts like unlimited holiday time, completely flexible working hours and more. If you’re manning the ship, you can’t take indefinite time off, but if your company culture supports mental health and productivity, you’ll find it a lot easier to take a day here and there to refocus your mind if you need to. When you are relaxed, happy and focused, your business will naturally thrive.

Image by Veronika Jorjobert