The Biggest Psychological Hurdles Of Entrepreneurship

The Biggest Psychological Hurdles Of Entrepreneurship (Having your own business

So you want to leave your 9-5 jive and become an entrepreneur? Well, you are not alone. As an entrepreneur, you’ll come across a lot of logistical and psychological problems. Leaving your regular job, finding a location for your business, getting financial assistance and employing new staff are some of the challenges you’ll have to overcome. But the psychosomatic hurdles are usually overlooked. So below we have listed the biggest psychological hurdles of entrepreneurship:

Lack of Certainty

When starting up a new business, uncertainty is the major issue that most entrepreneurs face. Will succeed? Should I go with business model A or B? And so much more. These doubts will get the better overtime, but remember that these questions have been asked by other entrepreneurs before you. Without doubts (the risk factor) there can be no certainty (the gain factor).

Lack of Stability

Also, be ready for some instability in your first few months. You’ll experience sudden gushes of client interest, followed by some dry periods. Arbitrary, necessary expenses will arise and this is to be expected in every business endeavour.

Accountability

You have to invest into your new business physically and emotionally. Every choice you make, from the name of the company to sealing your first deal, will affect the bottom line of your new business. Remember that as time goes by, you accountability will start to reduce because your processes would have been developed into a natural business flow. And, finally, you will not be the only responsible person, but your partners, investors, and employees will become more responsible as the dream unfolds. But at the beginning it is all up to you.

Lifestyle Balance

It’s easy to get consumed by the work at first, especially when you are a passionate entrepreneur. Unfortunately, that drive can lead to excessively long working hour and long weekends, plus sleepless nights, leaving you no time for anything else in your life. What’s even more unsafe is that the imbalance can affect your health and state of mind. You will need to be sharp and in tip top shape to make efficient decisions.

Overcoming the Hurdles

Ignoring these problems will not make them disappear, pretending they don’t exist or avoiding dealing with these issues will only cause you and your business untold harm. What will make a big difference is how you overcome these hurdles. You should accept them and try to make meaningful changes in your lifestyle.

One thing you should know is that your strongest asset against these psychological hurdles is awareness. So, be cognizant of your mental state of mind, and keep doing what you need to do to grow your business- while being productive and make optimal choices.

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