Tips to Avoid Business Stress

The business consultants at Global Resources have the expertise to help entrepreneurs launch small businesses. Starting a business is a huge commitment that can reap many long-term rewards. If you’re looking to become a business owner, we can help put you on the path to success.

If you’ve recently launched a business, you may have realized it’s common to feel overwhelmed.  Below are tips to help you avoid the unnecessary stress!

1. Don’t let the first failure stop your progress - Entrepreneurs almost always face setbacks: a pitch gets rejected, a client gives negative feedback or a new digital product flops. But they keep going, because they know that one rejection doesn't mean their contributions are worthless. Instead, they take it as proof that they are trying something new and taking risks, some of which are bound to fail.
2. Don’t think you're earning too little to make a difference - Many entrepreneurs make what seems like small amounts of cash on a weekly or monthly basis.  You need to give your business time to grow.  Even micro-businesses represent new opportunities and potential.
3. Don’t overinvest in startup costs- It's easy to plow savings into a new business before it's even launched: a beautiful website, a professional marketing plan, trips to conferences and new certifications. But before investing a cent, successful entrepreneurs often first look for ways to bring in revenue to offset those costs, while simultaneously testing the market. That might mean offering nutrition consulting services before setting up a new website, or selling an e-book through Amazon or another existing e-commerce channel before printing paperback versions.
4. Don’t work too hard for too little- When entrepreneurs are first starting out, they sometimes make the mistake of undercharging for their services, or setting up a business model that would require a 100-hour-a-week schedule to earn a living wage. Simply charging more for products and services can signal quality to potential buyers. Testing the market to see what it can bear, and checking out competitors' prices, can help entrepreneurs avoid starting too low.

To learn more about us and / or to schedule your complimentary appointment with the business consultants at Global Resources LLC, call us at 855-338-0266.