Coping With Business Stress In Your Daily Life

Many start-up business owners have problems with business stress if they struggle with money issues while in the first year after starting a new small business. Is your business not delivering as well as you expect? If that’s a yes, and particularly if the main cause is cash flow difficulties, then you probably pay a great deal of attention to your bank account balance and budget, but what you would possibly not realize is how much being snowed under with balancing the ledgers can impact on your health.According to a recently released report on business stress the number of small businesses going into some form of insolvency arrangement in the month of April 2011 is the highest April count recorded since 1999. This is a 10% increase over the preceding April and a 23% increase above the mean of the prior 5 years.Business stress management isn’t to be shrugged off. If you do not take initial signs seriously, it is possible to run the risk of really serious problems including heart disease, migraines as well as a host of different medical problems that will cost you more than your business venture in the long run.Business Stress IndicatorsWhen it comes to your business forecasting and fiscal management, it’s essential to set as well as attain all your goals. However, if that effort stresses you to the level at which it will become a significant health problem, it just is not worth it. This isn’t to suggest that taking financial responsibility can be a bad thing, but if you are over stretching yourself, it could defeat the most important purpose why you are doing it in the first place – to create a profitable business venture and live a comfortable life-style.A report from Associated Press and AOL does include the following figures:
Ulcers: 27% of people with financial difficulties are affected by ulcers or other digestive system conditions as opposed to just 8% of individuals who have no debt troubles.
Migraine: 44% of people with substantial financial stress have experienced migraine headaches or other problems compared to only 15% of those with minimum levels of stress.
High Blood Pressure: 33% business people experiencing money issues have problems with high blood pressure levels and / or hypertension in comparison to only 26% of individuals with low or non-existent levels of anxiety from finance concerns.
Other health concerns experienced at a greater level by most people in financial hardship include anxiousness, depressive disorders, heart attack and sleeping disorders. If you suffer from any one of these health problems, it is the time to stop and get started addressing your business stressBusiness Stress ControlIf your small business budget is starting to get of the rails or some other business concerns seem to throw up major obstacles, it is time to take action. Business stress may easily arise from various circumstances. Find the root factors and then start to eliminate these items from your enterprise.Debt: When your unpaid bills are mounting up and you ask yourself how to get out of trouble, begin by searching for professional guidance either by going to a financial advisor or just finding a small business course. I’m aware from practical experience that it may be hard to acknowledge the reality of your money situation, but staying with stress and doubt will never get your business out of the doldrums. The sooner that you start to deal with the matter face to face the more advantageous it’s going to be for your own health as well as the health of your business.The further you delay taking positive action, the more you could ruin yourself emotionally as well as bodily and the longer that your business can be affected. Remember as to why you are spending such effort to build your organization at all. It surely isn’t so you can keep being stressed over it for a long time.How to handle StressWhere a new small business owner is attempting to cope with financial pressure, it is not unusual to feel entirely swallowed up by it even when it is often just one single aspect of the overall scenario. Successfully coping with your small business pressures needs appropriate realization of the demands which have been placed on you and that make your body behave in this way.Once you are able to do that, try to work out if each of these tasks and your objectives are in fact appropriate and also achievable. Otherwise, re-state and also improve your desired goals to targets that will be more sensible. In the event that your present goals are actually realistic then get an in-depth look at your reason for falling short of your objectives. More regularly than not, handling business stress is really as simple as starting to be more in control of getting on top of the actions that you have established to achieve your goals.One final and all important point; look for time to relax regularly even when it is just short breathers and don’t neglect to make time for some physical fitness. Physical wellness produces mental health which in turn is really an important element in how to approach stress. Your business is a considerable combination of varying aspects. Do not allow just one particular problem area to dictate all else. Ensure that you set aside at the very least a small part of a day to having fun with the sort of things that get you away from the business venture and that you love working on. Regardless of what that is, a walk in the park, unwinding with a great book or looking at some Show on TV or DVD, it is important to have time to truly appreciate the finer things in your own life and your business.Developing a profitable new business may be your main aim in your life but if you don’t stop to consider the way in which business stress can impact on your overall health chances are you may well discover yourself to be in a position where you won’t get to benefit from the fruits of your toil. As I’ve mentioned before, enrolling in a good quality small business course may well be the first step in the right direction.

Reaping the Benefits of Working With a Volunteer Business Mentor

Everyone in business should consider having access to a volunteer business mentor. Someone who has “been there, done that” and is willing and able to share their wisdom with you on an ongoing basis. Working with a business mentor is particularly useful when starting a new business or looking to grow a business in a down economy. An experienced mentor can not only offer useful guidance on a range of business management issues, but s/he can be a valuable sounding board for testing out new ideas or hashing over periodic business challenges.Fortunately, there are many different sources to choose from today where you can evaluate and secure experienced business mentoring at no- or low-cost.Public Mentoring AgenciesFor example, SCORE Counselors to America’s Small Business (SCORE) has been around for over forty-five years and offers access to over 12,000 volunteer business mentors throughout the United States. These individuals offer mentoring expertise in more than 600 business disciplinary skill areas. You can work with a SCORE mentor face-to-face through local Chapter offices, online through email communications, or a combination of both. Many SCORE Chapters provide a detailed profile of each volunteer mentor’s area of expertise. This allows you to review which mentor you view best matches your business interests and needs.Small Business Development Centers (SBDCs) also offer access to no-cost experienced business mentors across the United States. SBDCs operate through academic institutions and state economic development agencies. In addition to no-cost consultation, SBDCs also offer low-cost training in a variety of business disciplinary areas.Corporate Volunteer MentorsCorporations are also making it possible for their employees to volunteer their time to mentor people looking to start and grow business ventures. This avenue of mentoring may be particularly useful where the volunteer mentor offers access to a broad industry-specific network or certain technology solutions that can help an up and coming entrepreneur tap new markets or operate more efficiently. MicroMentor, a nonprofit agency, is one example of this type of no-cost business mentoring. By visiting MicroMentor, you can search profiles of available mentors and work with one or multiple mentors to help you start and grow your venture.Special Interest MentorsMentoring relationships are also available for a variety of special interest groups, such as Veterans, women, minorities and individuals with disabilities. Many of these mentoring sources are also available at no cost. For a nominal cost, typically referred to as a membership fee, there are a wide range of special interest associations that provide access to mentors, as well as other entrepreneurial training and development resources.A nonprofit organization called American Corporate Partners (ACP), offers free career counseling and mentoring to Veterans through volunteers from corporations and universities. Veterans interested in pursuing entrepreneurial interests are provided with business mentoring support through the ACP web site as well as through select mentor skill sets. There is also an Office of Veterans Business Development (OVBD) that hosts a Veterans Business Outreach Program (VBOP) where veterans are provided with on-site visits from experienced mentors who provide assistance with business planning and financial management. OVBD is available by visiting the U.S. Small Business Administration (SBA) web site and selecting Veteran Business Outreach Centers under the Local Resources dropdown menu.Business mentors focused on assisting women entrepreneurs include Women’s Business Centers (WBCs). Like SCORE, SBDCs, and OVBD, WBCs are in part, funded through the U.S. Small Business Administration (SBA). WBCs are managed through the Office of Women’s Business Ownership (OWBO) and may be accessed by visiting the U.S. SBA web site and choosing Women’s Business Centers under the Local Resources menu option.Mentoring for various minority owned business interests is fostered through the Minority Business Development Agency (MBDA), which is part of the U.S. Department of Commerce. MBDA is the only federal agency created specifically to support entrepreneurial development and growth for minority-owned businesses in America. In addition to providing referrals free of charge to mentors through over forty Minority Business Development Centers (MBDCs), MBDA offers other business support services at nominal fees.For individuals with disabilities, business mentorships and related entrepreneurial development training services are available through state-based vocational rehabilitation programs typically run through the state Department of Education. Mentoring guidance focuses on assisting individuals with physical or mental disabilities in living more independently through the pursuit of employment, self-employment or venture creation and growth. A Google search for vocational rehabilitation followed by the name of your state will return where in your state you may connect with mentoring services of this nature.The Right FitIn summary, working with a volunteer business mentor offers many benefits and rewards. The key is to be sure that you secure the right mentor for the right reason at the right time. Mentoring relationships that offer a combination of structured business guidance based around your specific interests and needs, as well as unstructured brainstorming opportunities tend to provide the best return for your time and energy.

Be Your Own Boss With a Dot Com Business

You have an idea? Now you can use the internet to develop it into a viable business. Every year more people are owning computers and buying all types of products and services online. Discover how to start a small online business and grow.What’s different about a web business?A web business is open to the world 24/7 and does not require an investment in a geographical location such as a main street shop. It is cheaper, faster and easier to start a web business than a shop in the city and it’s cheaper to run. However, it requires planning and budgeting like any other venture.Products and Services:Everyone has ideas. Many of us sit back and admire those who take the initiative to develop those ideas to their potential. What steps can you take to start a business using your ideas?Choose an item that you can feel enthusiastic about selling. Choose one that you believe people will be enthusiastic about buying from you.An ideal product is a consumable that needs replacing over and over. Your customers will keep returning. An ideal service is one that is required frequently.Talk about it with people from whom you can expect honest opinions on its viability. Talk to strangers or prospective customers.Is there a large enough market for it? Is there a large population of prospective customers?SuppliersIs there a reliable source for the product or service? Can you obtain it instantly or on a short lead-time?Does its cost allow you to deliver it at a competitive price that gives you a reasonable profit?Is ‘drop shipping’ available? Some suppliers will deliver direct to your customers. This service may only be offered after you have an established business.CompetitionBe aware that the big retailers are now selling items that were once only available on the internet. Check the competition. Search the internet for these products. Your price including delivery needs to be still competitive with theirs.Business NameFor the internet, the name should contain a word for which prospective customers will search. Research and ensure your business name cannot be confused with any existing business.Domain name (www.yourname.com)Register the .com version as well as your country’s extension. We recommend .net too. If you do not own all versions you never know what the others will be used for. To avoid confusion do not register a name similar to any existing web address. A key search word in the name will give you points with search engines – e.g. mydogstoys.com instead on mybusiness.com – if you are selling dogs toys.WebsiteGet a website hosted as soon as possible, even just a home page announcing your business, products and contact details. Get as much information as possible on to your website, even while you are finalizing prices and delivery charges. Among the factors search engines use to rank websites is their age.Choose an attractive logo. Maybe your business name in a striking but easy to read font. Think up a memorable sub heading. e.g. A ballpoint pen manufacturer claims theirs is the pen “pinched more than any other pen.”Ultimately you need a database of your products driving a shopping cart system, with online payment options and a scale of delivery charges. Choose a system that lets your customer first find their product quickly and then go directly to entering their credit card into a secure screen.Choose a web designer good at optimizing websites for search engines. Your database will come with screens to add / edit products, but also learn how to change text on your home page and page footers, as you will need to make text changes from time to time to keep your website’s position in search engines. You do not need to be an expert to edit your website.MarketingIt is cheaper to market on the internet than any other form of marketing. You avoid printing costs by having your catalogue online. Make announcements on your home page. Put effort into providing as much information as possible on the website. This helps with search engines. Follow all the guidelines for optimizing your website for search engines. Check competing websites to see how they get their position.Customers will not flock to your business overnight! However, after people find your website, a small trickle of orders will over time develop into a steady stream.ServiceWe see businesses selling the same product brands into the same markets with similar websites built by us, but with very different degrees of success.We have concluded that where everything else is equal, personal service makes the difference. This may be demonstrated in the way a business reacts to enquiries, provides expert advice, delivers on time, or deals with orders for out of stock items. Customers get a feel for service.The difference between two businesses may be that one displays a telephone number while another has only an email contact, or one displays a postal address and another does not. People like to know that they are doing business with people, not with computers.ManagementBeing your own boss enables you to look at your work in a different way. It may mean that you think about your work outside of normal hours while you plan new ways of improving business. Remember that it is you that will profit from the extra effort.If you are selling a product or service that you like, you will make yourself become expert in it.Managing an online business can be easier than managing a shop on the main street, but the manager still needs to learn skills in marketing products on a website, so that ordinary people find it easy to purchase them.Be your own bossSelf employment is a way of life different from paid employment and requires self discipline.Many people have made their fortune on the internet. In any business, if you like what you do, you will do it well.