Monday, April 20, 2009

7 Stress-Busting Strategies Every Entrepreneur Needs Now


This is a guest post from my entrepreneurial friend Maria Pascucci. She is a recovering stressaholic, founder of CampusCalm.com and author of Campus Calm University: The College Student’s 10-Step Blueprint to Stop Stressing & Create a Happy, Purposeful Life.


7 Stress-Busting Strategies Every Entrepreneur Needs Now

Why would entrepreneurs need stress relief? Between our golf outings and yacht parties, 2-5 pm Happy Hours and all those other fun things that the rest of the world envisions us doing on a Tuesday afternoon, aren’t we [cue the yawn] above stress? Well, any business owner working on deadline with 76 “urgent” emails in her inbox can safely say that entrepreneurs are not exempt from stress, or the havoc it wreaks on our lives.

Let me state upfront that stress isn’t bad. We all need a healthy amount of stress in our lives because it keeps us motivated and challenged as we try new things. But, when stress becomes overwhelming and we don’t know how to deal with it in healthy ways, that’s when it starts to interfere with our lives.

According to the American Institute of Stress, workplace stress costs more than $300 billion each year in health care, missed work and stress-reduction. April is National Stress Awareness Month. Today is the day to take charge over your stress. Here are seven strategies to help you out:

1. Surround yourself with positive people.
Entrepreneurs need a support network of positive people who understand the challenges involved in running a business. When I decided I wanted to launch a business, a few family members attempted to be supportive. My husband and parents were great, but many others didn't even try to get it. A former friend actually said to me, "Oh, you're just playing all day." A relative commented to my husband, "Everyone hates their jobs. Why can't Maria just go to work like the rest of us and deal with it?" Truly positive people are brave enough to be honest with entrepreneurs, while still being supportive and having a positive attitude.

2. Invest in a mentor.
In times of stress, turn to your mentors for inspiration, encouragement and wisdom. A mentor can inspire you to think bigger because she has been there and done that. A mentor wants to see you succeed and she's going to hold you accountable to your goals. A mentor will also help you get out of your own way to achieve success and happiness by helping you learn how to ignore your inner critic. Sometimes we sabotage our own success without even realizing we're doing it. You can find mentors everywhere. Look at your colleagues, community leaders (thanks Dave!) and professional organizations; read writers you admire. The possibilities are endless!

3. Avoid catastrophic thinking.
"Oh my God, sales are down for the month, my business is going under, I'm ruined, I'm going to have to uproot my family to my parents' basement and listen to my father tell me for the umpteenth time in between bites of mac ‘n’ cheese and hotdogs, "I told you that you should have gotten a real job." Sound familiar? Stop! 

4. Correct with rational thoughts.
"Okay, sales are down for the month. BREATHE! I'm going to gather my team together to discuss why this happened and brainstorm how we can boost sales for the coming months. Let's survey our customers and have them tell us exactly what they need from us. Then we'll find creative ways to deliver it. I'm going to see this temporary setback as an opportunity to develop resilience as an entrepreneur."

5. Develop resilience.
Successful entrepreneurs recognize that "positivity" is a personal choice. They realize that when they choose to see the gems life has to offer instead of the grime, they will be happier, healthier and more satisfied for it. Successful entrepreneurs choose to be resilient and then learn how to craft the tools that will allow them to build the businesses and lives they desire.

Suggestions: read books like The Resiliency Advantage and The Power of Failure

6. Love yourself.

Truly successful entrepreneurs recognize that self-love is the key to success. No, that doesn't mean posing in front of your bedroom mirror for hours and basking in the glow of your own vanity. It does mean making your body a priority. Like taking the time to nourish it with healthy food, getting adequate sleep and exercising. Practicing relaxation. Understanding that "me time" is a necessity, not a luxury that’s earned.

Be honest. Are you experiencing any of the following stress overload warning signs? :

1. Change in sleep patterns: too much or too little sleep
2. Change in eating habits: either too much or too little
3. Becoming angry over nothing or crying very easily
4. Frequent stomachaches, headaches or skin breaking out (yes, adult acne does exist, it sucks and chronic stress is the number one culprit)
5. Constant negative self-thoughts and anxiety over everyday things
6. Withdrawing from friends and loved ones.

If you’re really struggling to get your life and business under control, consider reaching out to a counselor or a life coach. Invest in your business by investing in yourself. From one high-achieving entrepreneur to another, I can tell you that good health is an achievement to be VERY proud of!

7. Practice gratitude.
We entrepreneurs work hard to invest our time, passions and strengths into our own businesses, those enterprises designed to help others while teaching us (thankfully) that we are so much larger than ourselves. I don't know about you but I remain grateful, awe-inspired in fact, for that realization every single day of my life!


**Check out Maria's site at: http://www.campuscalm.com/

Friday, April 10, 2009

I'm on TV!

EOtv that is... Stands for Entrepreneur's Organization TV
http://www.eonetwork.org/eotv/Pages/EOtv.aspx
Skip to 5:57 for the good stuff :-)

Tuesday, April 7, 2009

Cool Entrepreneurial Tools

A friend, Cameron Herold, the former COO of 1-800-Got-Junk, now helps entrepreneurs with his company called BackPocket COO. He has some helpful learning tools for entrepreneurs at http://www.backpocketcoo.com/. He is offering a 20% discount on his Leadership CDs to all my readers. Use this promo code: HSDC2009.

Thursday, April 2, 2009

Business courses not relevant in high school? PART 2

It seems like I uncovered an emotional issue two days ago when I wrote about the superintendent of Holley, NY wanting to get rid of the business department and its classes (see 3/31 blog entry).

I heard from business teachers and the regular folks alike, all with a similar message; how could this happen?

Well, I have learned more. The superintendent of Holley, NY is not the source of the blame. It's the New York State Board of regents. They make the graduation requirements and business is not one of them. The problem is that they would have to cut something else to fit in business class requirements.

Once again, not to knock today's (and 1940's) core curriculum; the world definitely needs scientists, mathematicians, history buffs and masters of the English language, but how much of these courses are relevant for ALL students? I mean when was the last time my knowledge of an endoplasmic reticulum (biology reference) came in handy? (I think just now, for this article).

Here's my point: Today's core curriculum serves as a base for some people but not all. A class in understanding how basic financial principles work like how to read a financial statement, the power of compound interest, how banks work, creating a budget, understanding credit cards, tax basics and insurance basics would be valuable for ALL students! Who doesn't need to know that stuff? Why isn't this stuff mandatory in school? People really need those skills in life! We're teaching our kids a bunch of stuff they will never use while the core life stuff goes astray.

And you know what; kids love learning about this stuff! Whenever I am guest speaking in a school and talk about business skills, even the trouble maker kids' eyes light up!

Below is a course that is an elective in a local high school. It's beyond me why a course like this isn't mandatory. It's also beyond me why the superintendent of Holley, NY or The NYS Board of Regents doesn't think a course like this should be mandatory. If you look at the general publics' lack of basic financial and business knowledge, it's no wonder we're in a complete mess today.

Please take a look at this course below. Which would you rather have our high school learning about; these business/financial skills or endoplasmic reticulums? If you think this business class would be better for our kids, please contact the superintendent of Holley, NY and or The NYS Board of Regents.

MONEY BASICS
• Interest Basics
• Simple Interest
• The Power of Compound Interest
• The Time Value of Money
• Living With Inflation

CAREER PATHS
• Job Basics
• Career Exploration
• The Effects of Job Location
• Applying For a Job

TAXES & PARYOLL DEDUCTIONS
• Tax Basics
• Income Taxes
• Sales & Hidden Taxes
• Payroll Deductions

THE WORLD OF BANKING
• Banking Basics
• Keeping Banks Safe
• Banking Services
• Selecting a Bank
• Fringe Banking

LIVING ON A BUDGET
• Budget Basics
• Creating a Budget
• Maintaining a Budget

SPENDING DECISIONS
• Spending, Debt, & Credit
• Managing Debt
• Establishing Credit
• The World of Credit Cards
• Identity Theft

INVESTING FOR THE FUTURE
• Investment Basics
• Investment Risks
• Low-Risk Investments
• Stocks, Bonds & Mutual Funds
• Investment Taxes
• Starting to Invest

AUTOMOBILES
• Automobile Basics
• Purchasing a Vehicle
• True Cost of Owning a Vehicle

HOUSES AND HOMES
• Home Basics
• Preparing to Buy
• Closing the Deal
• Home Mortgages
• True Cost of Owning a Home

INSURANCE
• Insurance Basics
• Health Insurance
• Life Insurance
• Auto Insurance
• Home Insurance

RETIREMENT PLANNING
• Retirement Basics
• Social Security
• Retirement Plans
• 401K
• IRA and Roth IRA
• Retirement and Taxes