In my last post , Winners dont quite when they face the climb, I talked about how people who persists in spite of odds are most likely to be successful.
It might be a good idea to have positive thinking however it is better when idea can be adopted and put to practice. A lot of entrepreneurs quit because they
- suffered from burnout as a result of too much work or
- they ran out of money or
- planned things in a way which did not compliment their goals.
Burnout is a big problem. Unmet expectation, no success in sight and overwhelming work cause entrepreneurs to quit midway when success is probably not far away.
So how do you actually avoid such a burnout. Here is a 10 pointer.
#1: Set realistic goals
Entrepreneurs often want to finish their projects in unrealistic time frame. Setting up unrealistic goals means that harder work and faster burnout( including stress or physical ailments).
Success comes to those who work persistently for a longer period of time and do not burn out fast.
#2: Set smaller goals
Setting smaller goals is a much better keep yourself motivated. Grand goals are seldom reached.By the time you reach the grand goal, you would be on the verge to burnout. Keep grand goals in site while dividing it into much manageable goals is the key to success
#3: Understand your limitations and work around them
If you do not have a passion for certain skill set, you will never get very good in it.But getting just the practical knowledge is sometimes good enough.
For example, I was never good at drawing and painting. This obviously means that I may not have a career in graphic design.But I learned just enough to create basic drawings which I can use. I understand my limitation and am working around it.
#4: Work lesser than your physical limit
Overworking can really harm your health. To achieve optimum health we need to take frequent breaks, exercise, get away from the work how much we like it. It is difficult to get away from something we feel passionately about but then it needs to be done.
Remember you are a human not a machine. Take it easy
#5: Create prototypes/ reach smaller milestones:
For example, while creating large software, creating smaller prototype or modules can be less of headache. You can test them and use them again at someplace else. Starting out with prototypes helps building the end product without getting burnt out in the process of creating the software as a whole.
Set small milestones and win them to get a sense of accomplishment. Take rest and celebrate after every such milestone is reached.
#6: Prepare for long haul:
In most of the cases success might take longer time than you have planned it for. Even big businesses do not see immediate success in spite of spending a lot of money.
Be prepared for long fight.
#7: Find help from family, friends and network
If you are running out of money, ask your friends. If you are running out of motivation, speak to your friends. If you want to spread your idea, seek out your network. The more help you get from others, the less likely it is going to be a burden on you.
Get help if needed. No one knows everything.
#8: Do not work on too many projects
It is very tempting to start a new blog because setting up it is easy. However the grind is after that. You have to write content for every blog, promote it everywhere and get traffic. The amount of work is multiplied by the number of blogs you own. You might soon find yourself overwhelmed with work.
Cut down on the number projects that you are handling and focus on a few.
#9: Do not imitate others
Mr. X operates 20 blogs and earns $2000 per blog. In addition he sells soaps, software and everything else. He is making a load of money. Maybe you want to imitate him without even checking how he handles everything. After all the common denominator is both of you are human. ;).
There are things such good planning, availability of resources or any other factor that makes him so much money. Following Mr. X without a plan is sure going to lead to disaster. It will cause you to overwork and develop undue stress.
I would like to know your opinion? What do you think will cause lesser stress and then prevent quitting from your venture ? What strategies you would employ?