Life in general sends us on an emotional rollercoaster on a daily basis. But add to that being an entrepreneur and that rollercoaster goes from being a kiddie coaster to a monster ride with twists, turns, corkscrews and loops.
Every part of the business is relying on you, especially in the startup phase. When you’ve made that first giant leap and decided to turn your passion and idea into an actual business, it’s exhilarating! You’re your own boss. You make the decisions.
But on the other end, it can also be lonely. We actually highlighted on this last year in The View From the Top Can Be Lonely. Even for a start-up with a couple employees, most of the decision making and major responsibilities will fall on you.
To get through this, you need to rely on resources available to you. Whether that’s a support of a mentor, an industry association or local organization. The IASourceLink Resource Navigator can actually help you with this.
The rollercoaster really starts getting crazy when your startup gets to the point of dealing with funding and investors. From knowing how to evaluate your business and making projections, to being responsible for ensuring your employees get paid and balancing budgets, we get into an entirely new level of emotions to the table, from the highs...
...to the lows.
And no two days are the same. As an entrepreneur or small start-up, you’re essentially taking care of all business departments, all at the same time.
From accounting to marketing, and human resources and communications, it’s all on you and maybe your small team if it’s more than just you. Remember the tip above about utilizing support?
And of course, just when everything seems like it’s going well and the roller coaster is slowing down at the end, your website crashes.
But the best thing to remember, no matter where you’re at on the emotional rollerccoaster, you’re not alone. Don’t lose sight of why you wanted to be an entrepreneur in the first place. It’s your idea and your passion that will drive your company forward. You got this!
*All gifs from giphy.com
Lea Hensel, UNI Business and Community Services