Being an entrepreneur’s easy when everything’s running smoothly and the future looks bright. From my own experiences, I know the real test for a businessperson comes when you face challenging times. From falls in demand and increased production costs to late payments and problems with personnel, a whole series of hurdles can strike company owners at any time, and staying motivated and positive can be a major challenge. During these times, I have found that it’s worth bearing the following in mind.
Share your experiences
At times, being in charge of a company can be a lonely job, but don’t make the mistake of shutting yourself off when you’re facing challenging situations. It’s important to share your experiences with others and one way you can do this is by networking with fellow entrepreneurs. As any successful business leader will tell you, learning from others should be a continual process and it’s something we actively encourage across the Appco Group network.
Always make time for family and friends
Striking a good work-life balance is notoriously difficult for business owners. Particularly when your company is facing problems, you might find it hard to tear yourself away from your desk. But focussing too much on your work at the expense of your family and friends can take its toll. Even when you’re busy, it’s important to schedule time out. This will not only give you the chance to rest, but also provide you with a clearer perspective and help you remember what all your hard work is actually for.
Look after your health
It’s easy to allow your own wellbeing to take a backseat to your business. But the irony is, if you’re not sleeping enough, you’re living on caffeine and junk food and you don’t have time to exercise, you could actually put your business at risk. The fact is, your physical fitness has a big impact on your ability to cope mentally, so neglecting your health simply isn’t an option. By getting enough rest, eating properly and fitting exercise into your routine, you will find it easier to keep on top of running your own business.
Focus on your end goals
Try not to lose sight of the ultimate purpose of your efforts – whatever that may be. Making a success of your business could bring you wealth, prestige and satisfaction – and, most importantly, it could help you to provide the life you want for you and your family. This idea can be summed up by Appco’s Be Something More principle. Essentially, this means striving to achieve something for yourself or those around you and to do more than simply go through the motions in life. This idea is extremely important to me and it has helped to guide me throughout my career and keep me focussed when I’ve been presented with challenges.
It’s inevitable that you will face obstacles in running your business, and the mark of a truly great business leader is how they rise to those challenges and maintain their motivation and positive attitude. If you can do that, success – in whatever way you define it – is likely to follow.