5 Circumstances That Cripple Entrepreneurs (And How to Hack Your Way Out)

Do some circumstances cripple entrepreneurs? Yes. But, how?

In this post, I’ll take you through “the how”, some simple tactics to hack your way out to become more productive than ever, and how to avoid such circumstances.

But first, does this sound familiar?

I’m fed up of all these routines. I just wish to be free — no more thinking, organizing, planning, or attending any business meeting.

In fact, I feel like selling off my business, pick up my paycheck, and leave for good. Everything has become more complicated than I ever anticipated.

If you once muttered that or something similar, that means your business isn’t granting you the freedom or satisfaction that you hoped for. Instead, it haunts you, claims your attention, and is currently dampening your morale.

It now seems like you don’t even know what’s right for your business. You feel entirely crippled and don’t think there would be a solution anytime soon.

I call this moment “The Entrepreneurs’ Downtime”.

The amount of time lost due to forces beyond control is not associated with computers alone.

Entrepreneurs also experience downtimes. Unfortunately, these moments cripple entrepreneurs and kick them out of business if not well managed.

Listed below are the causes and simple tactics to hack your way out:

#1. Fear

Admit it. You get scared sometimes. We all do.

However, what scares us and how much, differs in individuals. According to Statistics Brain, we mostly fear insignificant issues.

fear statistics

As an entrepreneur, you fear whether you’re making the right decision or not but you still have to decide anyway.

The fear of the unknown as to whether that investment would pull through or not haunts you but you still need to invest anyway.

You fear the havoc a newly employed would wreck on your business if he is not the right person for the job but you need more hands anyway.

The fear of failure also haunts you consistently. Regardless, you still need to take a leap.

How people will respond to your product in sales also scares you but you need to create a product anyway.

Here’s the good news: you’re not alone. The bad news: These fears cripple entrepreneurs and hold you back from taking action.

How to hack your way out

When the fear is intense, it’s hard to think clearly.

scared fearStart by breathing out longer than you breathe in. This calms your body and mind to ease your next action.

After the breathing exercise, scale down the fear in your imagination. You can scale it on a 10/10 basis and start ruling out the obvious disadvantages one after the other.

If you continue that for a while, you should be able to scale it down to 5/10 which will drastically reduce your fears and ease your thoughts.

Then take control of your imagination, make the necessary findings, and research on how to make the best out of that situation that scares you.

Finally, take action and hope for the best.

#2. Regret

Over the years, there may be some things that you wish to had done differently. This is a normal feeling; after all, we’re humans.

Perhaps, you rejected an advice that you ought to have taken or didn’t take sooner.

Sometimes, you may regret investing in the wrong business. This could be due to loss or absence of profit.

Entrepreneurs are risk takers. This awesome attribute may sometimes mean forgetting when to stop and ask for help or solicit for advice.

It’s normal to get lost in search of your dreams but often times, it causes regret. That’s why you need a mentor to guide you.

You may even regret saying yes when you ought to have said no or otherwise. All these mistakes make you a great entrepreneur.

Unfortunately, these mistakes cripple entrepreneurs through regret.

I wish I hadn’t done this. I wish I had done that. I shouldn’t have agreed to the deal. I should have rejected the offer. I should have invested in B. I should have launched the product earlier.

These are regrets you should elude as much as possible. Here’s how…

How to hack your way out

You need to understand that the difference between a successful and an unsuccessful business lies in your ability to let go. Life can’t be all rosy.

A PERSON WHO NEVER MADE A MISTAKE NEVER TRIED ANYTHING NEW.  ALBEIT EINSTEIN.

Mistakes should be expected and embraced. What looks like a mistake today may be the missing ingredient to your success tomorrow.

Don’t spend too much time trying to be a perfect entrepreneur or business person for imperfection is human.

When you’re riddled with regret(s), try the following:

  1. Grieve if you have to, but reasonably.
  2. Put your mind on the positives in your life.
  3. Embrace your past.
  4. Prepare for the future.
  5. And move on.

#3. Boredom

Boredom is an occupational hazard for entrepreneurs.

lonely scaredAs an entrepreneur, you may be lost in your own thoughts and made to feel like you’re alone. Usually, that’s when boredom sets in.

This emotional or physiological state also occurs when you’re not interested in your surrounding. Continuously tedious days may also cause it.

One of the most important factors to consider in entrepreneurship is what you want to major on. Is it something you love doing or just something to make you rich?

If you’re into what you dislike, your downtime may likely occur more often.

Boredom adversely affects your decision-making capability, causes absent-mindedness, and frustration.

All these easily cripple entrepreneurs.

How to hack your way out

BOREDOM ALWAYS PRECEDES A PERIOD OF GREAT CREATIVITY. — ROBERT M. PIRSIG

Whenever you’re bored, always remember the quote above. It will help you stay on top of your game and remind you that you’re almost there.

Then;

  1. Identify the cause of the boredom.
  2. Ask yourself: “Am I bored or isolated?”
  3. Go out and avoid staying at home all alone.
  4. Attend meet-ups.
  5. Spend more time pursuing your passion.
  6. Volunteer for any social responsibility.
  7. Take a bath.
  8. Go for a quick run or engage in any bodily activity.
  9. Take some time off on a holiday.
  10. Do something new.

#4. Loss

Loss  an unrecoverable and usually unanticipated removal or decrease in assets, running capital, or resource — often cripple entrepreneurs.

This is owed to the sudden decrease. You obviously embarked on a business to make a profit, but is that all there is to a business?  No.

The incurring of loss is also a part of business. Obviously, it’s a part no one wants to associate with. It often kicks entrepreneurs out of business.

When loss is incurred, you may not have enough money to pay your bills, your bank balance may be negative, and cash flow may be awkward.

Well, more loss, most likely more downtimes.

How to hack your way out

Business is all about profit and loss, expecting a profit at all times is a wrong notion. Take every investment as a risk; it comes with profit, loss, or neither.

Be open-minded and accept whichever way it turns out. That’s why you need to take a critical assessment of businesses before investing.

If you’re already operating at a loss, use the following steps to hack your way out:

  1. Take a critical look at your product and services.
  2. Improve where necessary.
  3. Reduce your expenses.
  4. Improve your marketing.
  5. Get a mentor.
  6. Employ an expert to turn the situation around.

#5. Health

The well-being of the human body varies naturally.

health sick
Photo Credit: Pixabay / Parentingupstream

Health, as defined by WHO is not merely concerning disease or infirmity but rather a state of complete physical, mental, and social well-being.

These health variations can cripple entrepreneurs.

How to hack your way out

Well, for that… 🙂 I don’t know. 🙁

The next best option is to make sure your business is not crippled, even if you are. Be sure to setup your business to operate successfully in your absence.

How to avoid circumstances that cripple entrepreneurs

1. Exercise

Engaging in any bodily activity that enhances or maintains physical fitness and overall health and wellness is a vital aspect of an entrepreneur’s lifestyle. It keeps the mind and body active and helps eradicate downtime.

2. Rethink your purpose

Downtime could be a result of the unawareness of why you’re doing what you do. You need to ask yourself regularly, “why am I doing this?” to remind you of your purpose.

3. Adjust your stressful schedules

Your stressful agendas need to be trimmed to minimal, at least during the downtime period — from 10 meetings per week to 3 important ones. Remember you can always pick up your normal routine after a while. But if you push too hard, the fallout might be great.

4. Take fruits and vegetables

Eating fruits and veggies has several health benefits. They help maintain the body system. Go get some!

5. Relax

Seven to nine hours of sleep is needed daily for every normal human.

Don’t deprive yourself of sleep to avoid Karma from catching up with your body. Trust me, there’s always a price to pay.

If you found this post useful, kindly use the share button(s) to help someone else out there. Cheers!

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