I get asked by owners a lot, and I mean a lot, if feeling overwhelmed by their business is normal. The answer – YES!
As an entrepreneur, you have a great deal on your plate. Staying motivated can be really tough with an endless stream of employees, clients, emails, and phone calls requiring your immediate attention. It is not uncommon to feel overwhelmed and to wonder what the heck you are doing.
As a business advisor, I have found most owners get to the sixth-month mark of a new business and start to wonder why on earth they decided to go into business for themselves. At the time it seemed like a good idea, right? You thought that you can work your own hours, make some money, and have freedom over your own life. Unfortunately, for most business owners, this isn’t always the case. You tend to work longer hours than ever before, make very little profit (in some instances don’t even pay yourself), and freedom? What’s that?
For those who have owned their business for longer, things can change in an instance that can make you feel overwhelmed. For example, a major decline in trade, big changes in technology, or industry law changes. You must be able to learn and adapt at the drop of a hat. And, then there’s social media, looking after your finances, finding time to do your admin tasks, and so much more. If you can’t afford to outsource some of your tasks then you need to be a jack of all trades and do it yourself. No wonder owning your own business is so overwhelming. And believe me, all business owners feel it at some point in their career.
Here are some tips for overcoming that overwhelming feeling:
1. Talk things out with a partner or friend, and don’t keep your fears to yourself.
2. Start with the hard stuff. First thing in the morning on a Monday is great, so you can just get the hard stuff out of the way.
3. Outsource tasks when you can afford to and concentrate on being more billable.
4. Network with like-minded people who understand what it is like to run a business.
5. Join a mastermind, business, or industry group.
6. Find a mentor, or even two.
7. Talk to an advisor at Business South West – it’s FREE!
And remember, you are not alone.
Nikki Griffiths, Business Development Advisor, Business South West