Entrepreneurship isn’t easy – if it was, cubicle farms everywhere would empty out within a week. At some point, your business will enter a stage Seth Godin calls ‘the dip’. It represents the resistance that will make you want to quit.
How do you cope with this phase? Read on below…
Have a stress relief strategy in place
Like any endeavour worth pursuing in life, business can be tough at times. When you just aren’t getting the sales your company needs and you are at your wit’s end, it helps to have a hobby you can fall back on to help take your mind off work.
Working out is an excellent one to adopt, as not only will it help shape and strengthen your body, but it helps to release endorphins, which help calm you down and make you happy.
On top of this, taking a hot bath or shower also helps, as steamy water helps to loosen up tense muscles throughout your body, and aid in the release of the same hormone listed above.
If you’re like us, though, sometimes an outlet for aggression is needed. Some get this through playing sports, but if you aren’t athletically inclined, gaming online does the trick as well.
There are numerous sites which don’t just accept fiat currency, but crypto as well. On the site accessed through the following link, the list is updated regularly. Set up an account, and any time you need a little break from your current challenges, games like blackjack, roulette, and slots will transport you away from your current reality, if only for an hour or so.
See setbacks as learning opportunities
Every entrepreneur makes mistakes. Every single one. What sets apart those who throw in the towel prematurely and those who succeed is the willingness to embrace setbacks for the lessons they offer.
Your setbacks aren’t permanent failures – within, an anatomy of what went wrong can be extracted and used to chart a course to a more successful outcome in the future.
Double down on your strengths
When you suffer a particularly dispiriting blow, it can be hard to regain traction and move forward. At times like these, it helps to refocus on what you do well. Minimize exposure of your weaknesses by committing to the aspects of your character which shine the brightest.
If, for example, you are a strong writer, focus on improving in this area and outsource portions of your operation in which you are mediocre at best.
This way, you’ll regain your passion and you’ll be able to impress the right people with the skills at which you truly excel, which, in turn, will increase the odds you’ll experience success in the near future.
Have a mentor to whom you can talk
No person is an island. We can’t carry the weight of the world on our own, at least, not for long. It is when we swallow our pride and allow ourselves to lean on others when we can finally achieve more.
Trusting others to give advice, to act as a sounding board, and to offer emotional support is key to success in business. It’s a tough world out there – when we have each other’s backs, we collectively improve our results moving forward into the future.