Tips on How to Handle Being an Entrepreneur
Entrepreneurship can be exciting and enthralling, but it does come with its own set of downfalls. It can be nerve-racking and stressful, especially when you’re just starting out. Even the businesses with a top-quality business plan in place can fear failure. Luckily, we’ve rounded up a few useful tips on how to survive the rollercoaster ride that is entrepreneurship.
Make everything a lesson
In the beginning, you’re going to face rejections. Whether you’re looking for funding, vendors or clients, the journey may be more difficult than you planned. Entrepreneurs know how to handle being rejected and are able to develop a thick skin. When you do get a “no” instead of a handshake, it’s a good idea to analyze what you could have done differently to win the individual over.
Make “dollar productive” activities your priority
It’s natural to get distracted when starting and growing a business. To better your business, focus on activities that produce revenue or grow your userbase at a time when you are most productive. Set these hours aside to tend to dollar productive activities rather than checking your email or taking meetings.
Maintain a healthy work-life balance
No one is productive at all times during the day. If you overwork yourself, you risk being burned out and having to take time off work to recover. Don’t forget to take care of your mental and physical health. Eat a healthy diet, exercise often, and make time for your friends and family outside of work.
These tips will help you to survive entrepreneurship. When you need help growing or starting your business, contact the Economic Development Collaborative to schedule a no-charge appointment with a qualified business advisor. We’re here to help!