Tagged: stress

6 entrepreneur tips for surviving and succeeding

This week I was a Curbside Consultant at the Launch of FastTrac to the Future, an entrepreneur development collaboration between TechTown, The Kauffman Foundation and the New Economy InitiativeBizdom has received grants from the New Economy Initiative and Kauffman, so we’re tangentially part of this.

The final event of the day was  a panel on ‘Entrepreneurial War Stories’.  It featured the inimitable Patrick McInnis (CEO of FatHead), Jane Sydlowski (AMI Strategies)and Randal Charlton (former CEO of Asterand).  The stories were great, as were the lessons.  At the end, the moderator asked each of the three for a couple of tips for entrepreneurs to survive and succeed as entrepreneurs.

Pat McInnis

  • Control your control freak
    • relinquish control
    • don’t relinquish accountability
  • Culture matters
    • you create a motivated workforce when you focus on people and help them achieve their dreams

Randal Charlton

  • Money will be tight

    • but get going on the least amount of money you can
  • Leverage existing resources

    • there’s much more in place around you than you realize

Jane Sydlowski

  • Consider ‘No’ a ‘Yes’

    • you’ll experience more ‘no’s’ than you know
    • don’t accept ‘no’
  • Show up for yourself

    • network
    • share your story with pride

Great tips one and all.

Under pressure: are you ready for the stress of entrepreneurship?

Under pressure: are you ready for the stress of entrepreneurship?

It is important to know how you, and anyone you might partner up with in a business endeavor, will react to stress.  The life of an entrepreneur is filled with moments of stress, and the ability to deal with stress, to channel stress positively, is one of the stronger characteristics an entrepreneur can possess.  Uncertainty is inherently stressful.  We’re hardwired for certainty and being in a state of uncertainty puts us in a state of stress.  Running an enterprise is filled with uncertainty: uncertainty of income, uncertainty of success, uncertainty about the long term prospects of the enterprise.  So if you’re unaware of how you will react to stress, you’re not really prepared for running an enterprise.  You need to know how you’ll react to stress so that you can begin the process of replacing any unproductive, unhealthy, automatic stress-reaction behaviors you have with behaviors that allow you to be productive and healthy in moments of stress.  Changing how we react to external stimuli is absolutely possible.  You certainly can’t change the external stimuli, so you may as well try to change your reactions.  If you decide you’re unable to change your reactions, you’re ultimately saying that you’re a victim of your circumstances.  And do you really want to say that?  Do you really want to believe that?  If so, running an enterprise is not for you.  If not, then commit to studying yourself in stress, and then commit to reacting in a more positive, proactive, and healthy way when you’re in stress.  Do that, and you’ll put yourself in a much better position to successfully run an enterprise.