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Are You An Anxious Entrepreneur? You’re Not Alone

Are You An Anxious Entrepreneur? You're Not Alone

Home » anxiety » Are You An Anxious Entrepreneur? You’re Not Alone

Entrepreneurship is anything but smooth sailing. There’s no argument about that among entrepreneurs. The question is what’s the best way to cope with these episodes with anxiety?

The essential step in overcoming entrepreneurial stress is to accept that anxiety is normal. 

Here are three ways to address the Anxiety.

1. Recognise the Normality of Anxiety

This may seem strange but recognising that anxiety is not unusual is one of the most significant differences between people with high and low stress potential. A study by a psychologist Adrian Wells points out that “meta-worries”, or worrying about being worried, is one of the main criteria that separates those who are perpetually concerned and those who are not.

Adrian Wells and other researchers have found that external signs of anxiety help intensify and sustain anxiety. Similarly, research conducted by the British Institute of Psychiatry revealed that people who suffer from high social anxiety are more likely to perceive other people’s concerns and then interpret this as an acutely negative thing. That’s why the most crucial step in overcoming entrepreneurial stress is to accept that anxiety, in the end, is relatively usual.

According to psychologists, people who focus on their personal strengths and rely on coping resources are successful in reducing their anxiety. Meanwhile, people who interpret their anxiety as a weakness and a disability increase their stress level.

When you evaluate the above facts in the context of a business world, you will find that there isn’t any entrepreneur whose work does not involve stress. So, once again, reducing stress begins by accepting its banality.

When you build a startup, one day you are euphoric and convinced that you will own the world; another day, the catastrophe seems very close and you think you are completely ruined. Again, again and again, and again.” -Marc Andreesen.

2. Stay Connected to Your Peers

The financial benefits of networking in the business world are invaluable. But in a culture where we primarily focus on the commercial motivations of networking, we often forget to recognise the importance of networking for our emotional well-being.

According to an RHR International survey of CEOs, half of the respondents acknowledged that they had already experienced a sense of loneliness in their business; and 61% of them felt that isolation hindered their performance. Fear and ego are two of the leading causes of this kind of isolation. Entrepreneurs can tackle loneliness by connecting with other startup founders or with business groups or associations of likeminded folks. Try BOAA (Business Owners Association of Australia) and you’ll see me at all of their networking events.

Entrepreneurs need to find a safe space where they can feel at liberty to have unfiltered discussions. Becoming a CEO or being a founder of a startup can make you more alone than you think. Too many entrepreneurs believe that they must be impervious to problems. They must also find an environment where they can be vulnerable — an environment of trust.

This is a big issue for entrepreneurs as they usually consider all potential peers as competitors, who see networking entirely through the lens of how it can benefit their business. They are ultimately less likely to build lasting business relationships and are also more likely to become a victim of stress.

If stress becomes a major problem for you, there is a good chance that your family and friends have something to do with it. Research has found that feeling part of a group (even as a low-status member), having close friends and relationships significantly reduces feelings of social anxiety.

3. Find the Right Work and Life Balance

Although entrepreneurship is inherently stressful, we tend to create a lot of that stress ourselves by overthinking, mindless speculating, worrying about trivial matters and undertaking more work than we can actually handle. To succeed in your business, you must set priorities so that you do not accept more projects than you can handle. Both professionally and personally.

Delegate more and avoid micromanagement – a bane of young ecosystems and old traditional business environments (like Australia). Hire new talent if necessary. Learn to say “no” to that extra 10 % of work because it will seem like 50% of the workload when you try to do everything. Track the time you spend on each task. You will quickly discover that some tasks take up too much of your time and yield minimal benefit. Take a fresh look at your business and ask yourself how you would do things now if you started from scratch. Remember that you may actually still be in that starting phase by the way. 

What processes would you eliminate? What would you change to create a less stressful environment?

Acknowledge and accept your stress, connect with your peers and redefine the priorities of your work tasks – and life. Ultimately, speak up, share, communicate.

Do this and you will probably see a radical change in your ongoing quality of life as an entrepreneur.

Darren Finkelstein

Author – Who is this bloke?


Darren Finkelstein – The Accountability Guy® is an Accountability Coach, Business Advisor, Mentor & Author/Speaker.

Darren works with high-performing individuals and teams to get results, achieve their wildest dreams and smash their goals by leveraging over 30-years of experience both in the corporate world and in small business.

Darren is a successful entrepreneur, winning the Australian Entrepreneur of the year award for Dent Global. He built a wonderful lifestyle business which he successfully sold and exited after 15-years.

Before all of this, Darren worked for Apple for 10-years as ‘Manager of Commercial Markets’, during the inspirational Steve Jobs era and was awarded the prestigious Golden Apple Award during his time there.

Darren offers accountability at all levels, there are no excuses just action and results. 

  • Read his newest book: The Accountability Advantage – Play your best game
  • Complete Darren’s D.I.Y online program called: Accountability Made Easy
  • Engage Darren privately, through his popular One-On-One Sessions where he works with you and/or your team to implement and execute your plans to hit your goals. These private client sessions can be conducted via Zoom or face-to-face (subject to his travel policy) and COVID.
  • For groups of 3-7 px, Darren offers Group Accountability Forums for your team(s), networking group, alumni or project team. This is a shared learning environment and the strength of group accountability is very powerful indeed.
  • Darren is a great Speaker to hire him for your next event, workshop or conference. Face-to-face or virtually, he's truly engaging.

What Do You Need Help With?

  • Are you working hard but still not achieving your goals?
  • Are you feeling so overwhelmed, it’s overwhelming?
  • Do you need some direction on how to get your business to the next stage?
  • Perhaps, you are high-performing and successful and want to juggle more balls in the air at once?

Accountability is the superpower that you must harness.

You have so much to gain and nothing to lose! There is NO downside for you whatsoever by taking action. If you do nothing, it’s exactly the same as sticking your head in the sand and hoping it goes away. HOPE will not fix the situation, in fact, doing nothing just makes it worse, but you knew that...

You must take action now, otherwise, tomorrow’s result will be exactly the same as today’s. Implementation and execution are key and I’ll ensure you follow the plan and you meet your deadlines. After all, that is what true accountability is all about. Together, we can achieve your goals; you’ll meet your commitments and promises that you’ve made to others and most importantly, to yourself. You can’t do it alone.

Maintaining your current status quo, only means that you’ll miss important opportunities to make money. You’ll let people down, especially those that are important people to you, and that just pisses people off.

-----------------------------------------

Question
After reading this, how likely are you to achieve your GOALS, promises, obligations and commitments alone?
Unlikely I suspect.... without assistance.

Book your FREE Unboxing Session with
Darren Finkelstein – The Accountability Guy®

Together we’ll examine exactly where you’re at, what’s worked and what hasn’t. We’ll take a look at your priorities to set the path moving forward.


Each Unboxing Session includes
  • 45-60 min obligation-free Zoom call to discuss your goals, promises and commitments
  • Examine your priorities
  • Review your ‘To-Do List’ and we’ll dig-in to how you will implement
  • Together, we will create a plan and set timelines

Click here to book your free session.

 

Book your FREE Unboxing Session with
Darren Finkelstein – The Accountability Guy®

Together we’ll examine exactly where you’re at, what’s worked and what hasn’t. We’ll take a look at your priorities to set the path moving forward.


Each Unboxing Session includes
  • 45-60 min obligation-free Zoom call to discuss your goals, promises and commitments
  • Examine your priorities
  • Review your ‘To-Do List’ and we’ll dig-in to how you will implement
  • Together, we will create a plan and set timelines

Click here to book your free session.

 

Darren Finkelstein

Author – Who is this bloke?

Darren Finkelstein – The Accountability Guy® is an Accountability Coach, Business Advisor, Mentor & Author/Speaker.

Darren works with high-performing individuals and teams to get results, achieve their wildest dreams and smash their goals by leveraging over 30-years of experience both in the corporate world and in small business.

Darren is a successful entrepreneur, winning the Australian Entrepreneur of the year award for Dent Global. He built a wonderful lifestyle business which he successfully sold and exited after 15-years.

Before all of this, Darren worked for Apple for 10-years as ‘Manager of Commercial Markets’, during the inspirational Steve Jobs era and was awarded the prestigious Golden Apple Award during his time there.

Darren offers accountability at all levels, there are no excuses just action and results. 

  • Read his newest book: The Accountability Advantage – Play your best game
  • Complete Darren’s D.I.Y online program called: Accountability Made Easy
  • Engage Darren privately, through his popular One-On-One Sessions where he works with you and/or your team to implement and execute your plans to hit your goals. These private client sessions can be conducted via Zoom or face-to-face (subject to his travel policy) and COVID.
  • For groups of 3-7 px, Darren offers Group Accountability Forums for your team(s), networking group, alumni or project team. This is a shared learning environment and the strength of group accountability is very powerful indeed.
  • Darren is a great Speaker to hire him for your next event, workshop or conference. Face-to-face or virtually, he's truly engaging.

What Do You Need Help With?

  • Are you working hard but still not achieving your goals?
  • Are you feeling so overwhelmed, it’s overwhelming?
  • Do you need some direction on how to get your business to the next stage?
  • Perhaps, you are high-performing and successful and want to juggle more balls in the air at once?

Accountability is the superpower that you must harness.

You have so much to gain and nothing to lose! There is NO downside for you whatsoever by taking action. If you do nothing, it’s exactly the same as sticking your head in the sand and hoping it goes away. HOPE will not fix the situation, in fact, doing nothing just makes it worse, but you knew that...

You must take action now, otherwise, tomorrow’s result will be exactly the same as today’s. Implementation and execution are key and I’ll ensure you follow the plan and you meet your deadlines. After all, that is what true accountability is all about. Together, we can achieve your goals; you’ll meet your commitments and promises that you’ve made to others and most importantly, to yourself. You can’t do it alone.

Maintaining your current status quo, only means that you’ll miss important opportunities to make money. You’ll let people down, especially those that are important people to you, and that just pisses people off.

-----------------------------------------

Question
After reading this, how likely are you to achieve your GOALS, promises, obligations and commitments alone?
Unlikely I suspect.... without assistance.

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