Scott Crockett CEO of Everest Business Funding Provides Ways to Stay Emotionally Healthy as an Entrepreneur
Running your own business can be rewarding, but it can be emotionally draining, too. As Scott Crockett of Everest Business Funding explains, entrepreneurs must maintain a healthy mental state.
Startup companies are inherently stressful due mainly to their ever-changing growth and the uncertainty that surrounds that. Entrepreneurs that ignore their mental health and experience burnout can negatively affect their company’s performance.
Luckily, entrepreneurs can use many resources and outlets today to maintain a positive headspace. Here are some ways to achieve this goal.
Deal with Stress as It Arises
Stress is inevitable, and that’s OK. You probably won’t be able to prevent stress from happening, but what you can do is deal with it as it arises.
This is one of the most effective ways that you can stay emotionally healthy as an entrepreneur. When stress comes up, take a moment to realize what’s happening. Identify the root causes of your stress, and deal with it right then and there.
By dealing with the things that are causing stress as they happen, you’ll be effectively managing the stress. One of the worst things you can do is try to ignore the stress and move on, as it can often pile up over time.
Don’t Tie Your Worth to Your Business
Entrepreneurs pour their heart and soul into their businesses. It’s one of the key components that make them who they are.
It can also cause a lot of stress, especially when the company isn’t performing to your expectations. To maintain your emotional health, you should separate your own worth from your business’s performance. A lull in sales, for instance, shouldn’t lead to you having low self-worth.
Remind yourself that there is more to life than business, especially when that business is facing challenging times.
You can’t do everything on your own, especially if you want to be successful and avoid burnout. It can sometimes be hard for entrepreneurs to hand off vital tasks to other people, but doing so is essential for maintaining emotional health.
Learning how to properly delegate, and getting comfortable with doing so, will make you more successful and happier in the long term.
Have a Network of Support
Outside of the workplace, you need to have a network of people who can support you emotionally. These people can help reassure you that you’re doing great, that you’re valued, and that there are a lot of great things away from the job.
Your support network can also serve as advisers in case you need to bounce ideas off objective resources or connect you with partners who can help launch your business to the next level.
As Scott Crockett explains, this support network can be made up of family and friends, colleagues and experts in the industry, and even therapists. Sometimes, talking to someone who isn’t intricately involved in your business can provide you with excellent insights and the emotional break you need.
Taking this time away from your business and leaning on others for support is crucial for your mental health.
About Scott Crockett
Scott Crockett is the founder and CEO of Everest Business Funding. He is a seasoned professional with 20 years of experience in the finance industry. Mr. Crockett’s track record includes raising more than $250 million in capital and creating thousands of jobs. Scott has founded, built, and managed several finance companies in the consumer and commercial finance sectors.