If recent history has proven anything, it’s shown that things can take a surprising turn very quickly. As a business owner or entrepreneur, your success depends on your ability to roll with the punches when the unexpected happens.
Running your own business can be both mentally and financially rewarding. But, it can also require than even the most dedicated entrepreneur can manage sometimes. Hiring an employee or two is a major milestone. Bringing new people on board too soon can bring more stress than it relieves. Hiring your first employee means you need to be ready to take on the significant burden that is navigating payroll taxes, employment laws, and related red tape.
In a perfect world, everything would always go according to plan and disaster would never strike. Unfortunately, things go wrong every day. In your professional life, how you respond to the minor setback and the major catastrophes can be a determining factor in your success. For this reason, it’s always a good idea to hone your crisis management skills.
When did you last update your business blog? How long has it been since you shared compelling content on Facebook, Instagram or Twitter which created a valuable dialog with your followers? If you find yourself letting social media and web content fall to the wayside as you work to navigate the new normal and what it means for your business, you’re not alone. Many entrepreneurs and small business owners are struggling to juggle everything they’re forced to handle right now. Still, a dearth of content can have far-reaching and detrimental implications for your venture.
On one hand, being self-employed during the current global crisis means, at the very least, you do not have to worry about being unexpectedly laid off, furloughed or fired. On the other hand, it means you may have less of a safety net. If you’ve been forced to downsize your staff simply to survive changes wrought by a pandemic, then you are also handling more tasks than you were a year ago.
Burnout may feel like a luxury you cannot afford to acknowledge, but it is real and can be very detrimental. Not just to your productivity, but your quality of life as a whole. As the world finds new ways to cope with new stressors, it is important for those who are self-employed to take a close look at how they can stave off the potential for burnout.
Funding is difficult to obtain, the world is in upheaval and nothing makes sense. On the surface, the middle of a global health crisis might feel like the absolute worst time to launch a startup. Scratch the surface, though, and you may be surprised by the number of compelling reasons for blazing your own path right now.
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