Self-motivation is important for dealing with stress while building your business.
A desire to escape your office cubicle or a deep loathing for your boss probably isn't enough to drive you to succeed as an entrepreneur. Wanting to take charge of your work might induce you to strike out on your own, but your passion for your idea has to be strong enough that you're willing to face long hours, work through meticulous details and jump through regulatory hoops as you get your business off the ground.
Coping with Stress and Bad News
It's your first year in business for yourself and you've barely scraped by on your bills. Furthermore, you've received negative feedback about your product and can see that there are a lot of improvements you need to make before you'll ever be a major contender in the market. These are significant pressures -- enough to make anyone without much personal motivation leave the game for good and shrink back to the safety of the cubicle. To get through those moments when everything seems to be working against you, you need internal motivation to keep you moving. Remembering your vision can give you guidance to find a way out of sticky situations and give you the motivation to press through trials and tribulations.
Dealing with the Details
Remember that start-up business owners usually have to don a number of hats, including those that they don't enjoy wearing very much. Even if your specialty is engineering, you'll also have to learn do deal with accounting and marketing. Doing either one poorly could be detrimental to your business. As Frederic Premji on the website iNeedMotivation points out, no one's going to flock to a business with misspellings and errors in its collateral. Failing to be meticulous about your finances could mean financial ruin. Self-motivation is important for getting through those tedious tasks -- like going over financial statements -- that are sometimes painful but nevertheless important for success.
It Can't Be All about Money
If you're just starting out as a business owner and money is your motivation, revisit your expectations. Although wealth is a good long-term goal, you probably won't achieve it immediately and will need other driving factors to keep your personal motivation high. In an article posted on the website Rediff.com, writers Subodh Bhat and Richard McCline reported that Indian entrepreneurs, for example, are motivated by a desire to create, and excitement about the unpredictability of being an entrepreneur. Successful entrepreneurs are motivated by a good challenge. Get yourself revved up about making your business work when times are tough and your motivation will help your venture roll with the punches.
Keeping Your Motivation High
Even the most motivated entrepreneurs occasionally find themselves overwhelmed or down in the dumps. A few tricks can help you to stay motivated and maintain your pace, even when there's no boss pushing you to stay on task. Writer Vera Raposo on the website Small Business Branding recommends breaking big tasks down into manageable chunks, rewarding yourself for meeting goals and having a back-up. A back-up is a reliable friend, family member or associate who knows about your schedule and calls and asks about your progress to keep you on task. Rewards can be anything that you find personally fulfilling. A coffee date with a friend or going out to see a movie are both good examples.
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