Signs that Now is the Time for you to Become an Entrepreneur

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If you are thinking about starting a business, then you should know that a lot of other people are in the same situation as you right now. In fact, 540,000 people choose to start a business in the United States every single month. That being said, not all of them will make it. 80% of businesses fail in the very first year alone, and only half of them survive for five years or longer. If you want to make sure that your business is as successful as it can be, then this guide will help you to find out if now is the right time for you to be taking that next step.

You have a Great Team in Place

Starting a business up with a partner or even a team of professionals can come with its benefits. People who tend to start a business on their own tend to take around 4 times longer to reach the same level as someone who started up with a partner. If you are starting a business with your partner, then you have to make sure that your skills and your experience complement one another. If you start out with someone who is just as experienced as you with the same skillset, then this won’t be doing you any favors at all.

You have a Good Support System

Starting a business can be exhilarating but at the same time, it can be exhausting. You can easily set yourself up for success by simply making sure that you have a good support system. You are far more likely to succeed if you know that you have people who are 100% behind you. You also need to make sure that you are able to connect with other business owners as well. They can understand what you are going through, and they can also help you to build your network far more than you realize.

You’re in Good Shape, Financially

The most common source of money when it comes to starting a business would be for you to use your family or your friends. If you don’t have enough money to get your business started then you need to try and scale back your plans or you need to try and find financing from somewhere else. Running out of cash is the second biggest reason why businesses fail, so make sure that you are debt-free and that you have a good credit score. You might also want to make sure that you have a good support network of people who can help you out if required. Making sure that you qualify for a loan beforehand will also help you greatly down the line. Remember you need to get a startup pitch deck if you want to attract investors.

You have a Business Plan

Think about it, what’s your business model? How are you going to make money from your idea? At the end of the day, your business plan will spell out who is going to buy your product, what it is you’re going to sell and even how much profit you are going to make and more. If you are very serious about making a business, then you have to make sure that you spend a few weeks writing your plan if possible.

How to Manage Stress and Bring To Level With Your Threshold

You might be familiar with your pain threshold, but have you heard your stress threshold

Your stress threshold or window of tolerance is the degree of stress you can handle. There are two types of stress our body receives—the ones you benefit from (eustress) and the ones you do not (distress)—and these stressors can affect your life in different ways. Your body deals with stress accordingly depending on how much your threshold can handle. 

Thresholds are shaped by your history and genetic makeup so it greatly varies from person to person. It is based on individual strengths, challenges and can be influenced by situations. “Our window of tolerance is shaped by our life experiences,” says Stacey Thompson, LICSW. Hence, each person has a different response to stressors.

Unfortunately, life cannot be without stress. Part of human experience is stress. Your goal in life should not be to avoid and minimize stressors but to learn how to cope and live harmoniously with the stress you can handle.

As Stanford University neurobiologist Robert M. Sapolsky says, “The idea is to have the right amount of stress.”

How to Stay Within Your Stress Threshold

The goal is to remain within our stress threshold or to return to it as quickly as possible. That way, you can avoid the crippling effects of stress in your life. 

Here are some ways to do it:

Working with a therapist

Talking with a therapist is a great way to release pent up emotions. A therapist can help you unravel your past trauma that may be contributing to your stress. There are several ways on how a therapist may help you, and some ways to do these are through psychotherapy and stress counseling.

A therapist practicing trauma-informed approach can help you with traumatic experiences and manage your relationship with it. You can overcome negative thoughts and feelings through this approach.

As for stress and anger management counseling, you will be talking with a professional psychotherapist about the issues you may be facing as an employee. Often, you can manage stress on your own. But other times, you need a professional and judgement-free space to talk about your feelings and identify the causes of prolonged stress.

Engaging in calming activities

There are several calming activities you can undertake to induce a sense of calm and help you manage your stress. Unfortunately, what works for others might not work for you. Try a variety of activities to see which gives you peace and calms your mind and body. You can ask your family and friends for suggestions on approaches that worked for them.

Mindfulness practice

Mindfulness techniques can help you return to the present when your emotions start to feel out of control. Mindfulness often involves deep breathing, but there are other ways to ground yourself. Mindfulness techniques are most effective when practiced daily.

Giving to someone else

Doing something nice for others can make you happy and calm. This is because giving to others encourages positive emotions. Why not send flowers to someone you love? They will surely appreciate the gesture.

Listing goals

Having attainable goals set for the week is a great way to track your progress. Setting goals is also a way to help you look forward to something, which is great especially when you are prone to get bored with your daily routine. Goal setting also trains you to be patient for it encourages delayed gratification.

Building social support

Having a support system allows you to vent and have fun in the presence of others. Good social networks can reduce the likelihood of feeling sad and lonely based on studies. Friends and family play a huge role in our mental well-being. It can also help us manage mental health issues such as stress, anxiety and depression.

Friends can help you face hard truths and call you out once they notice something in your behavior. Meanwhile, your family is there to show support and love. When you are with your social circle, you are exposed to different personalities which can help you navigate a larger social setting once you are used to it.

Noticing the good things

Make it a habit to take in one good thing you experience each day. Then, write it down or tell someone about it. The event can be something as small as getting out of bed earlier than the day before. These micro-achievements are bouts of positivity that you need especially in these times.

Getting enough sleep

Not having enough sleep causes stress hormones to soar and spark imbalances. Always get enough sleep, so your body has time to recuperate.

Exercising regularly

Exercise is a stressor, but a good one! Forty minutes of intense walk to an hour and a half of moderate-intensity workout is what you need to reduce stress levels and encourage the growth of new brain cells.

Stresses demand your attention and drain your energy. You cannot completely run away or eliminate the stressors in your life, so learn how to manage it or aim to boost your ability to cope with stress. Each person has an optimum level of stress they can enjoy, but passing that level leads to detrimental effects in body and life from physical pains to poor decision making.

Listed above are ways to manage your stress levels and bring it in par with your threshold. The earlier you learn how to manage your stress and improve your stress tolerance, the easier it is to live an invigorating life.

Author Bio: Marianick Villegas is a Content Marketer at The Flower Shops. In her free time, she writes articles and plays with her two dogs, Nala and Elwood. She also calls herself a ‘shy marketer.’