Choosing entrepreneurship is making the conscious decision to pursue a life of educated risk towards the ultimate goal of freedom.
As an entrepreneur there are many ups and downs, excitement and fears that we will experience, some not so fun and often we can feel very alone.
All of these feelings and experiences are normal, as we must acknowledge the fact that we will be failing our way forward towards our success.
Whether your already on the battle field fighting for your dream or you’re thinking about getting started in your own small business, read this post and be aware of these 5 most common entrepreneurial emotional challenges.
1. Defining who you are and why you’re doing it:
As an entrepreneur there is nobody telling us what to do everyday. We are in charge of our day to day activities and most importantly defining who we are and why we are doing what we are doing.
This can cause a lot of pressure on some, especially those who are transitioning from the typical JOB lifestyle to the excitingly wild world of entrepreneurship.
You’re in charge of setting your own alarm clock, you wont get fired if you don’t show up to work and your schedule is purely yours to design.
This sounds blissful but as the days progress and the distractions all around you are calling your name, many find it difficult to stay focused and committed day in and day out.
It also depends on your situation, typically someone who has quit their job and has no other source of income anymore will have an enormous sense of urgency to ‘make it work’ compared to someone who is still sustaining a regular income and working their entrepreneurship dream part time.
This is where things can get dangerous for the part timers.
Being just comfortable enough can create a devastating effect on your business, as your sense of urgency is not as strong because you haven’t hit rock bottom yet.
Define who you are and the core desire of why you are doing what your doing.
Let that core desire wake you up every morning and fight another day.
2. You’re in the driver’s seat:
Designing your day to day activities in your business is purely up to you when it comes to entrepreneurship.
This can be a scary thought for some, yet others thrive on the freedom.
Most of us are busy….but what are we actually busy doing?
Often entrepreneurs will run into the habit of thinking they are being productive yet not realizing they have wasted precious time scrolling through the Facebook news feed.
Typically a day should consist of 80% income producing activities and 20% personal development/trainings.
Often we can have little guidance and we are left to figure it out ourselves.
Your business begins and ends with you.
It’s easy for self doubt to set in, you must design your goals and know where your destination is.
3. Intense emotions
Often as an entrepreneur we have multitudes of emotions creeping in ~ doubt, excitement, passion, fear and sometimes all at once which can be extremely overwhelming.
These feelings are what every entrepreneur goes through at one stage or another, so know that it’s normal and you are heading in the right direction.
As Tom Hanks said in A League Of Their Own ~
“It’s suppose to be hard, if it wasn’t hard then everybody would do it. The harder is what makes it great”
The life of an entrepreneur is in no way shape or form easy which is why stress is such a huge factor.
During your early years while your learning how to manage your business and all that goes along with it, the gut wrenching feelings of anxiety will be there.
If you’re willing to become a master in your field as the years progress you will have more control over your stress levels and learn from the inevitable mistakes you will make.
5. Financial Strain
When things don’t go the way we want them to in our business, the first aspect effected is usually cashflow.
This can have a huge devastating effect on you and your families life.
You must be prepared to lose money, especially in the beginning.
With all of these challenges, why do we begin our entrepreneurial quest in the first place?
Because we have a fire inside our hearts to succeed.
To have freedom in our lives and the lives of our families.
To give back and leave a legacy in this life with true purpose and intention.
So if you find yourself struggling with any or all of these emotional challenges, remember that this life is not for the faint hearted in any sense and the rewards on the other side are priceless.
It’s our vision that carries us through every setback because there is no failure, only feedback.