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Keep Calm in Chaos: How to Cope with Building a Successful Business

According to recent statistics*, more than one in four Americans want to be their own boss; and almost a quarter desire starting a business so that they can pursue their passions. These figures would explain why 27 million people in the United States are either running their own business, or in the process of creating companies.

But these dreams of independence and success don’t come without hurdles: the numbers also show that roughly 20% of small businesses fail during their first year; and that those responsible for building companies from the ground up are 50% more likely than non-entrepreneurs to report having mental health conditions.

Whether you’re a business owner—or C-suite executive charged with steering a growing company—the challenges are many.

The most common problems experienced by early- to mid-stage businesses being poor cash flow, competition, taxes, an uncertain economy, and growing a business. Underneath these more obvious issues are other important factors, including a lack of company structure and organization; and entrepreneurs and company managers not being adequately prepared to take on all the responsibilities that come with running a business.

It’s clear then that being responsible for establishing and growing a business can be a demanding and stressful task that can lead to overwhelm and anxiety. If you can relate, here are some tips to help you stay calm and on track as you navigate through the potential choppy waters of leading a company to success:

  1. Prioritize and organize: Make a list of your daily tasks and prioritize them based on their importance. This will help you stay organized and focused, and prevent you from feeling overwhelmed.
  2. Take breaks: It is essential to take breaks throughout the day to recharge your batteries. Take a walk outside, do some stretching, or meditate for a few minutes.
  3. Stay positive: Keep a positive attitude and focus on the solutions rather than the problems. This will help you stay motivated and confident.
  4. Stay healthy: Eat well, exercise regularly and get enough sleep. Taking care of your physical health will help you stay mentally sharp and calm.
  5. Manage your time effectively: Manage your time effectively and avoid procrastination. This will help you stay on top of your tasks and reduce stress.
  6. Delegate: It’s easy to feel like you need to do everything yourself, but it’s important to delegate tasks when possible. This will help you free up time and reduce stress.
  7. Get support: Running a business can be a lonely endeavor, but it doesn’t have to be. Call up our finance aces when a tricky transaction, strategic shift or accounting change is imminent. No need to stress about taking on something new or complicated—we excel at the tough stuff.
Remember, it’s normal to feel stressed or overwhelmed at times, but by implementing this advice, you can better manage your stress levels and stay calm while running a successful business.

Turn to RoseRyan when you need:

  • Audit readiness
  • Transition solution
  • Technical accounting
  • IPO & SPAC
  • M&A
  • New accounting pronouncements
  • Financial statement restatements
  • Systems review

Read our strategic project overview to find out how RoseRyan’s Finance and Accounting experts can provide support and shoulder necessary finance tasks so you can focus on high-priority projects and expanding your business.

See how RoseRyan put its expertise to use in some  case studies that showcase just a few of the more than 1,500 organizations that have trusted RoseRyan to help solve their Finance and Accounting management challenges, and take their businesses to the next level.

*Source: https://findstack.com/resources/entrepreneur-statistics/

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