Page no: S52
#10 (Emotional Rollercoaster)
Develop healthy tactics to deal with the emotional rollercoaster of entrepreneurship. Being a Founder is a known profession with high stress, heavy workloads and extreme highs or lows, referred to as the emotional rollercoaster, which you may already be experiencing in the program. Write a few bullet points on any healthy tactics that you have used in the past to effectively deal with stress.
Find and interview one experienced Founder for a few Minutes, who may be a Mentor, about the emotional rollercoaster. Ask them to tell you about some of the most difficult and the best times they have faced as a Founder, how frequently things go from great to horrible, how they deal with the ups and downs and who they turn to for support.
Present to your Working Group for feedback on the most healthy Tactic that you discovered to deal with stress and the emotional rollercoaster. Write a couple of sentences on the Tactic, including a description of how you will implement this Tactic when needed. (1 Hour)
I had an interview with the founder of farmtasy
He similar issues as I had with integrating the main job with a second business.His advises:
More interesting resources:
Dale Stephens (team of Peter Thiel), source
UnCollege, a startup aimed at fixing what he felt was wrong with higher education,
#9 (Limiting Beliefs)
(mentor idea review) FI
Founders often fail to grow their business because of Limiting Beliefs.
These are unsubstantiated perceptions of what you can and can not accomplish, often based on irrational fears. Classic Limiting Beliefs include statements like ‘I can’t quit my job because…,’ ‘I can’t get paying customers because…’ or ‘I can’t incorporate my business because …’
Describe in a couple of sentences one Stretch Goal for your business that you have considered previously and that you think is unrealistic to achieve.
Next, write a couple of bullet points on your perception of why this goal is unrealistic.
Third, for each bullet point, write another couple of sentences that describes a belief that you have that influences your thinking to cause you to believe that this goal is unrealistic. Present the thinking to your Working Group, and ask them for feedback, as well as ideas on any Limiting Beliefs that you may have missed. Lastly, write a few sentences about how you will overcome your Limiting Beliefs to achieve this Stretch Goal, and write one action that you will take this week to accomplish the Stretch Goal. Set up a reminder in your Business Calendar to repeat this exercise on a monthly basis. (1 Hour)
Stretch Goal: One Million in Sales in 18 months
See more for