Entrepreneurship is a difficult journey, I can say that with conviction having been myself an entrepreneur, for some time now. An entrepreneur works alone most of the time, is usually under a lot of stress and works in highly difficult circumstances. A lot of entrepreneurs have burned themselves out because of severe stress that is the part of entrepreneurial journey. When burned out, an entrepreneur will withdraw himself, avoid meeting with friends and gets depressed. A news here suggest how the rate of such burnout affects an entrepreneur . Recession or no recession an entrepreneur constantly struggles to achieve sales, keep his team intact and keeps his venture from failure.
Even for a highly motivated individual, it is sometimes very difficult to keep up with the constant stresses that come along with running a business. The ultimate fear of failure hangs large . Most of the time he/she gives up and return to a day job. This loss to economy then as a result of it , is huge because when a venture closes it takes away possibilities of new markets, new job opportunities, wealth creation etc.
So we at least know that stress and worry is a part of being an entrepreneur. However, if we avoid them or at least learn to live with them, it can make profound changes to our lives.
So how does one keep him/herself motivated so that she can fight the feelings of stress, burnout and all other troubles. Let us take a look at the ways, I keep myself motivated. If they help you as well, I am delighted.
- Find out the reason for which you started your venture .
- Accept and learn the perils of entrepreneurship
- Surround yourself with right minded people or groups
- Learn to catch negative thought as a cop catches a criminal
- Bring your fears to a conclusion
- Get a hobby or do something that you like
- Develop a thick skin
- Find a mentor or a friend
- Finally, believe in yourself
It is very important to understand the reason to starting your own business.
Was it about making money? Was it about enjoying yourself? Or was it about learning all those skills that you could never learn in a day job?
Though it is alright just to say that you want a little bit of all of these, find out your primary motive. Have you achieved it? If yes,( for e.g. you learned as many things as you wanted to), its time to find a new objective for yourself.
If not, there is still some work to do.
Entrepreneurship is a risky proposition no doubt. The idea of starting on your own is challenging and stressful. It is like any other job and it comes with it sets of rewards and challenges. For e.g. a day job has its own risks( of getting fired, not performing as well as your peer, getting a bad boss) and rewards(promotion, salary hike, bonus) You take x amount of risk and get equally paid for that.
In enterpreneurship however you take 2X times a risk and get rewarded X/2. This is how this job looks like. The better you understand that the better you will be to cope with it.
Negative people drain positive energy. People who have bad prior experiences or who are risk averse will pass on their views and opinion. Many times these opinions are unfavorable .Try to avoid company of such people.
Instead get hold of positive happy people and try to learn from them.
In my opinion, most of the problems in our lives start in our minds. I have met people who carry all the burdens on their shoulders and are just waiting for bad things to happen to them. Though possibly till now nothing bad that they had thought has ever happened to them.
The key is to control your mind and catch those depressing, negative feelings and thoughts. To do this, I suggest simply doing this. Sit in a quiet room and let thoughts of failure come to you. Now think as if you are a cop and these thoughts are like criminals. They will run everywhere to escape from you but after a while they will tire off(provided you continue your hunt). At that time you can tell your mind to behave. Repeat this game every time you get a negative thought and you see yourself controlling your mind with ease.
Once you catch those nagging thoughts , its time to ask yourself what is the worst that can happen?
Are you going to lose everything? No. Are you going to lose money? If yes, you know you can earn it back. If you are a failure does it mean that you cannot pick things up again? No.
You will soon realize that most of the fears are not worth worrying about.
Doing the same thing over and over sometimes results in burnout. Our mind is not created as a machine and hence it is simply not capable of working like one forever. We need activities that satisfy our ever increasing curiosity.
Nothing satisfies a curiosity more than having a hobby. Hobbies such as learning to play instruments, a language or anything else refreshes the mind.
It is a reality that you are indeed going to meet people who would say “what..” or “why… ” ( you can add your own sentence) when hear you pursuing your idea. Its a time to believe in yourself, get a thick skin. Take advice, suggestions or criticism but do not allow them to trouble you. Remember there are no right or wrong answers. The people who criticize you will praise you once you are successful.
Find those people who have taken a path similar to yours or who support you unconditionally. If you do feel down, its a good time to pick up the phone and have a talk . They could be your business friends, seniors, colleagues from professional life or your good old dear mother from your personal life, who listens to every single woe that you have.
Believing in yourself is the most important part of yourself. Whether you were successful or you failed is immaterial. You should be proud of the fact that you took a risk, thousands are not willing to take. If you believe in yourself, you might find success slowly coming to you and all your doubts dispelled
Keeping yourself motivated is easier if you can find the right body and mind balance. That means knowing what you are doing and not letting things worry you unnecessarily. If you keep the discipline, nothing will worry you at all.
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