Preventing the horrible side of a business tsunami – self management and sanity checking.
7 top tips – day to day and long term
Does it always feel good being a business owner? It all feels lovely when business is going well doesn’t it? Money coming in, feeling pleased at customer or client feedback and being satisfied with achieving goals. But it doesn’t always go like this does it? It’s not easy to talk about either! Sometimes it is just overwhelming and you end up trying to do everything and run / manage all aspects of the business.
The Real Business Club has known a few business owners recently who have faced real business struggles and Isabel asked them about what was going on and what would have helped. In the next few weeks we will be putting out some blogs on the themes of how to manage when business feels crap. The starting point is not being embarrassed about talking about this kind of thing!
Managing feelings of being swamped and overwhelmed
Here are some of the issues that are recognizable:
- Too much to do (some of which may feel and be completely fruitless!) & feelings of too little time;
- When it is not going well and desperation or frustration creeps in;
- Finance pressure: when bills are still roaring towards you and money is not coming in;
- Trying to be “out there” to grab what looks like it might be going;
- Extreme Juggling: you are in overdrive but not sure that anything is working – panic sets in;
- Unplanned & unexpected family situations and complexity that can bring pressure;
- Health issues that can become related;
- Mental well-being: eg not even wanting to talk and having a mental state that is bruised and “wants to be alone”, even depression;
- Managing a spiral and being conscious of “slide”.
Top tips – monthly – actively. If you didn’t do some of these when you started then why not plan some time to do this soon?
- Think through contingency with real objective “worse case” foresight – for income and for family situations;
- Actively consider the impact of family crisis on your business – eldercare, childcare, relationship breakdowns;
- Understand what and who really matters. Define these, write them down even so that you can keep some focus and confidence in what you are doing;
- Keep looking for opportunities but be consistent in where you are looking and what for – plan a strategy and don’t be blown about by the waves.
Top tips – long term strategies
- Plan “stand back” time actively – get out of the gold fish bowl and get some distance, have a coaching type session maybe?
- Actively plan in a review / discussion process (probably not just a “one off” when the water is rushing towards you!) with somebody who can be your outside reality check – someone who can help you be objective and on whom you can call, trust and rely;
- Decide on a safe physical or mental place that you can go to for “refreshment” and space – a regular spa day, a garden, a hobby that is escapism, a faith based activity.
If you are reading this and the tsunami has already reached you here are some useful resources / links:
Reading Your Way are hosting an open afternoon on 19th May 2016, from 1-4pm. More information can be found here: http://www.together-uk.org/projects/reading-your-way/
The charity Mind also provides some great supportive information. http://www.mind.org.uk/
If this has been useful but you need some help carrying out the top tips (coaching etc) then contact The Real Business Club for advice and support either call 0118 9680813 or email firstname.lastname@example.org