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HOW TO SUCCEED IN MANAGING THE STRESS OF OWNING A BUSINESS

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Business Owner Stress

Stress is part and parcel of owning a business. But that doesn’t mean you’re automatically headed for endless sleepless nights or debilitating burnout. There are various ways to cope with and manage the stress of owning a business.

“The Greatest Weapon Against Stress Is Our Ability To Choose One Thought Over Another.”

William James

If you’re stressed out by various aspects of being an entrepreneur or business owner, you’re not alone. According to a Gallup poll, 62% of female and 51% of male business owners experience daily stress. 60% of female owners and 47% of male owners said they experience daily worry, and 31% of female and 20% of male owners reported that their mental health was worsening.

The stress of owning a business isn’t confined to the office. It affects your physical and mental health, and it can spill over into other aspects of your life, potentially affecting your relationships with family and friends and contributing to negative behaviors. Ultimately, stress could lead to burnout – and the worst part is, it’s not like you can hit the pause button on your business so that you can take a much-needed break.

Being told not to worry about the situation, to just breathe, or to relax, doesn’t cut it. Use the practical solutions below to manage and cope with the stress of being a business owner.

How Stress Affects Body And Mind

Your body has a built-in automatic stress response known as the fight-or-flight mode. When triggered, hormones activate various processes that basically gear you up to face the stressor or to run away from it. However, constant exposure to stressors means your body is in a permanent fight-or-flight mode, which is detrimental to your physical, mental, and emotional wellbeing.

Some of the physical symptoms of stress include headaches, muscle pain or tension, fatigue, chest pain, stomach or digestive problems, and changes in your sex drive. A few of the mental/emotional symptoms include anxiety, depression or sadness, restlessness, anger or irritability, feeling overwhelmed, and a lack of focus or motivation.

Stress can also lead to behavioral issues such as over/under eating, misuse of alcohol or drugs, tobacco use, angry outbursts, less exercise, and social withdrawal. It doesn’t take a genius to see how any or all of these symptoms can negatively affect your life as a business owner. Stress management is vital for your own sake and for the sake of your business.

With that said, let’s explore different ways in which you can manage your stress.

HOW TO DEAL WITH BUSINESS OWNER STRESS

How to Manage Business Owner Stress

Recognize Your Stressors

The factors that trigger stress (stressors) are different for everyone. You might take presentations and business events in your stride, while the owner of another business might be plunged into stress, anxiety, and worry.

A few common stressors include:

  • Overscheduling
  • Long to-do lists
  • Financial concerns
  • Worries about business presentations and events
  • Managing employees
  • Keeping up with compliance
  • Keeping customers happy

Learn to recognize your stressors. Spend a few moments assessing how you process the various experiences and situations you face daily, weekly, monthly, or yearly as a business owner. Being able to identify your stressors can help you prepare yourself to deal with them constructively going forward.

Acknowledge What’s Going Well

Recognizing what’s going well for you as a business owner is just as important as recognizing your stressors. Knowing which strategies work for you and what areas you’re coping in can inform how you manage stress in other areas.

Spend a few moments assessing the areas in which you cope well and think about what makes it possible for you to cope in those ways. In addition to identifying your strengths and helpful strategies, doing this will put you in a more positive frame of mind.

Once you begin doing this, you’ll find it easier to relax when you feel like you’re making progress in at least some aspects of your business.

Build A Firm Schedule

Having a regular routine means you know what to expect when you’re at work. Yes, there will be unexpected factors that come into play, but you’ll have the advantage of already having a sense of control over your day, which means you’ll be better prepared to face them if and when they arise.

Scheduling Reduces Business Owner Stress

Build a firm schedule for yourself. Tackle the most difficult tasks first thing in the morning, so you’ve got them out of the way. Once they’re done, you’ll feel ready to tackle anything else that comes your way. Take your body clock into account when building your schedule. If you know your energy and concentration levels dip mid-afternoon, schedule the easiest tasks for that time.

Prioritize Personal Time

Self-care is essential for your physical, mental, and emotional wellbeing. Looking after yourself plays an important part in keeping stress and anxiety in check.

Prioritize your personal time and include it in your schedule. It’s too easy for business owners to get swept away in what they’re doing, and that can eat into time spent on self-care, doing the things you love, and cultivating your relationships with family and friends. Don’t think of your personal time only in terms of time after hours—you should include lunch and other breaks during the day too.

Remember to unplug during your time off. Don’t let email and other notifications eat into your personal time.

Learn To Say “No”

Entrepreneurs and small business owners often fall into the trap of micromanaging or trying to do everything themselves. Doing this can send your stress levels through the roof, so set boundaries.

Learn to say “No.” It’s not always easy to do this, so focus on your goals and ask whether the opportunity or task in front of you will help you achieve them, whether you have the time to do it, how important it is, and whether you actually want to do it. If the answers to those questions are “no,” say no.

Delegate Or Outsource Work

As much as you shouldn’t micromanage, there’s no getting around the fact that there are tasks that need doing. If those tasks relate to some of your weaknesses, they can add to your stress. However, you also can’t ignore them.

Delegate or outsource tasks and work that others can do. You’ll free up time to focus on the important tasks that do require your attention, which can help you better manage your stress.

Use The Right Tools To Lower Business Owner Stress

The technology and software you use are supposed to make your work easier. If your tech doesn’t do what you hoped it would do, if it’s not user-friendly, or if it’s out of date or doesn’t work properly, it will add to your stress.

Bad Technology Increases Stress For Entrepreneurs

Review your technology and software applications. If they don’t serve you or your business, replace them with more effective options.

Empower Your Employees

A recent report revealed that 42% of small business owners felt employee management was their biggest stressor. It’s not easy to find the right team and to keep it productive and happy, which may tempt you into trying to micromanage every aspect of your business. That said, your employees are your most valuable assets.

Empower and nurture your employees. Doing this will equip them to do their tasks efficiently, properly, and confidently. The result will be greater employee retention, increased productivity, a greater sense of collective responsibility, and less stress.

“If You Can’t Handle Stress, You Won’t Manage Success.”

– UKNOWN –

Stress doesn’t need to get the better of you and it certainly shouldn’t affect your desire and drive to succeed in business. Identify your stressors, tackle them, and improve your health as well as that of your business. While some stress is healthy, knowing the difference and how to eliminate bad stress is key for dealing with business owner stress.

Till next time,

STRIVE

Addisson Shaw is a passionate writer with a background in data science. Her writing focuses on the wonders of technology in marketing and business management. During her free time, Addisson loves exploring the outdoors and enjoys going on hikes with her friends.

Entrepreneurship

75+ MOTIVATIONAL ROBERT HERJAVEC QUOTES FOR SUCCESS

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Robert Herjavec Quotes

Robert Herjavec is not only one of North America’s most recognizable entrepreneurs, but he’s also a highly successful author, venture capitalist, and motivator. These days, he’s most recognized as one of the key panel members on the extremely popular reality T.V. show, ‘Shark Tank’. As a dynamic entrepreneur, he’s built and sold numerous IT companies, he’s grown his net worth to over $200 million, as well as authored numerous best-selling books. In short, Herjavec understands success. Which is why we’ve pulled together this powerful list of Robert Herjavec quotes.

We believe success leaves clues, and one of the easiest ways to learn how someone has achieved their success, is to listen to what they say and watch what they do. So, we intend to cover what Robert Herjavec has had to say about success with these insightful quotes. So, if you’re ready for some motivating Robert Herjavec quotes for success, then let’s dive in:

ROBERT HERJAVEC QUOTES FOR SUCCESS

best robert herjavec quotes

1. “I think the best investment is in yourself, and I’m running a living, breathing, high-growth company.” – Robert Herjavec

2. “Thinking too much leads to paralysis by analysis. It’s important to think things through, but many use thinking as a means of avoiding action.” – Robert Herjavec

3. “It is human nature, especially as we get older, to look for stability in our lives. But if you want to be a successful entrepreneur, you have to fight against that somewhat, as starting a business requires movement. You cannot stay still.” – Robert Herjavec

4. “The more you avoid risk, the less likely it is that you’ll achieve all that is possible within your own capabilities.” – Robert Herjavec

5. “It is not the strong or the weak that will survive — it is the resilient.” – Robert Herjavec

6. “Tough times never last; tough people do.” – Robert Herjavec

7. “If you’re hard on yourself, life will be easy on you.” – Robert Herjavec

8. “The best way to get past doubt and inexperience is simply action.” – Robert Herjavec

9. “People always think success comes easy, but if you are an entrepreneur, you know how much hard work goes into your business. Being an entrepreneur always comes at a price. The key is to use every challenge that comes your way as a source of motivation.” – Robert Herjavec

10. “Your ability to achieve is limited only by your ability to dream.” – Robert Herjavec

11. “A goal without a deadline is just a dream.” – Robert Herjavec

12. “All first-time entrepreneurs should be a little naïve, because if they were truly aware of all the dangers facing them, they might forget the whole idea.” – Robert Herjavec

13. “Too much thinking leads to paralysis by analysis.” – Robert Herjavec

14. “Someday’ isn’t a real day like Monday or Tuesday; it’s just another word for ‘never.” – Robert Herjavec

15. “Successful businesspeople retain a quality most others not only lack but often fail to comprehend, and that’s the unrelenting drive to convert a vision into reality.” – Robert Herjavec

16. “Risk in business, as in life, cannot be avoided. But it can be managed.” – Robert Herjavec

17. “If you are under the impression that you can start a business and run it at your life’s schedule, you are mistaken. The business is like a starving puppy — when it needs to eat, then it needs to eat regardless of what you have going on personally.” – Robert Herjavec

18. “Nobody starts a great business for a paycheck.” – Robert Herjavec

19. “To succeed in business you have to do three things; work your butt off, be extravagant with your dreams but practical with your expenses, and avoid thinking about failure.” – Robert Herjavec

20. “Life doesn’t owe you anything. All you’re owed is an opportunity.” – Robert Herjavec

21. “It’s the thousand little non-sexy, non-exciting, mundane things that you have to do in order to be recognized, that make you succeed.” – Robert Herjavec

22. “People that succeed in life tend to have a need for something greater than themselves.” – Robert Herjavec

23. “Don’t start a business. Find a problem, solve a problem, the business comes second.” – Robert Herjavec

24. “Cash is the lifeblood of your business. There are very few things in business that will kill you, but running out of cash is one of those things. You can recover from almost any other mistake, but if you run out of cash you’re dead.” – Robert Herjavec

25. “Business is a sprint until you find an opportunity, then it’s the patience of a marathon runner.” – Robert Herjavec

26. “You can’t rush the miles. No matter how fast I run, the five miles isn’t going to be done in the first five minutes.” – Robert Herjavec

27. “I am a very nice guy, but don’t mistake my kindness for weakness.” – Robert Herjavec

28. “I don’t look at failure as death, I don’t look at failure as finality. I just look at it and pick myself up and say ‘we shouldn’t have done that’ and move on.” – Robert Herjavec

29. “Don’t ever be enamored by what something sells for. It’s more important what you get to keep in your pocket.” – Robert Herjavec

30. “The idea of getting a lifetime job, and making $100,000 a year, with benefits, is dead and gone. It’s over. And it may never come again. That’s a very scary thought for a lot of people.” – Robert Herjavec

31. “Without the ability to visualize a goal and believe it will be reached, nothing of substance will be achieved. Not by anybody. Not at any time. Not in any place.” – Robert Herjavec

32. “Don’t worry about how others see you — just be authentic and honest! Everything else is beyond your control.” – Robert Herjavec

33. “If you’re not prepared to make your pitch, you may just miss your next big opportunity.” – Robert Herjavec

34. “I’m really inspired to build a billion-dollar company. The hardest part is building the vehicle to get you there.” – Robert Herjavec

35. “I had to be successful to justify my parents sacrifice for me.” – Robert Herjavec

36. “What is great about entrepreneurship is that entrepreneurs create the tangible from the intangible.” – Robert Herjavec

37. “Be risky at work. Be safe with your investments.” – Robert Herjavec

38. “I’m intrigued that the same letters from the alphabet are used in the word silent and in the word listen. Perhaps it’s evidence that the most important part of listening involves remaining silent.” – Robert Herjavec

39. “Just like any business is a living breathing thing, an entrepreneur has to be able to adapt over time.” – Robert Herjavec

40. “Of all the people I have met who have achieved a level of economic success similar to m own were driven to realize a dream, but not necessarily to become wealthy. Remember, success is doing what you want to do.” – Robert Herjavec

41. “Unless you can’t wait to get started on building your business each day when you wake up, reconsider your goal.” – Robert Herjavec

42. “Your business will never be ” fully built ” so make sure you’re just as excited on day 1000 as you are on day 1 ! As soon as you feel bored or indifferent , it’s time to reevaluate what you’re doing and make a change.” – Robert Herjavec

43. “Success is not linear — you’re bound to experience detours on the road to success.” – Robert Herjavec

44. “Do something every single day to move yourself forward, no matter how small, no matter what’s happening around you.” – Robert Herjavec

45. “We all learn to walk before we run – this is the same in business. Nobody makes one giant leap forward right off the bat. Focus on the small things you can do to constantly move forward.” – Robert Herjavec

46. “Always trust your gut – it won’t always be right but if every decision was obvious on paper every MBA student would be a multi-millionaire.” – Robert Herjavec

47. “I’ve made mistakes and learned a lot of lessons but the biggest lesson I’ve learned – always trust your gut!! ” – Robert Herjavec

48. “What’s the best measure of success? Never underestimate the value of having fun.” – Robert Herjavec

49. “You should be prepared not only to accept chaos in your life, but to embrace it. Welcome it. Thrive in it.” – Robert Herjavec

50. “There is no greater teacher in life – for anything – than real-life experience.” – Robert Herjavec

51. “One quality I look for in people is the ability to pivot energy and strategy based on what ‘s going on around them, while still being authentic and engaged.” – Robert Herjavec

52. “Good entrepreneurs are like chameleons, who can change their colors to adapt to different situations.” – Robert Herjavec

Related: Motivational Quotes For Entrepreneurs

53. “Expansion isn’t a goal or a business strategy, it is an undeniable fact of life.” – Robert Herjavec

54. “There is no shame in changing course when aiming for success.” – Robert Herjavec

55. “No matter where you are in life, you can set a new goal and dream to new heights, but all the world owes you is an opportunity – you’ve got to do the rest. Every day I wake up and think, “How can I move the ball forward?” – Robert Herjavec

56. “Success doesn’t happen because you ‘re lucky — it happens because you worked for it!” – Robert Herjavec

57. “It’s good to have a dream, but it’s better to wake up early and hustle.” – Robert Herjavec

58. “Today we do what others won’t, so that tomorrow we can accomplish what others can’t.” – Robert Herjavec

59. “Entrepreneurship is tough — sacrifices must be made and you must be driven to succeed! Every entrepreneur I work with will tell you it’s worth it though… My advice to my younger self would be to have dreamed bigger and take more risks early!” – Robert Herjavec

60. “People think today ‘Oh I can’t get ahead, it’s really hard.” Yeah, damn right it’s really hard, and it should be hard. Entrepreneurship is the great equalizer. It’s not about who your parents are, it’s not about your color, it’s not about your sex, it’s not about your religion. You know, business doesn’t really care. Business only cares about the value that you add.” – Robert Herjavec

61. “You know, every time you lose at something, you’re one step closer to winning the next time.” – Robert Herjavec

62. “People overcomplicate business and success.” – Robert Herjavec

63. “You have to be passionate about one thing, be great at one thing.” – Robert Herjavec

64. “The world will reward your knowledge of a very narrow field.” – Robert Herjavec

65. “The difference between successful people and non-successful people, let’s call it that way, are people give up.” – Robert Herjavec

66. “I think most people are blinded by fear. And to be successful at anything, you’ve got to be able to control that and work your way through it.” – Robert Herjavec

67. “Nobody likes to do business with someone who isn’t nice.” – Robert Herjavec

68. “It’s not the strong, it’s the bit, it’s not the rich, it’s not the poor that’ll inherit the Earth, it’ll be the efficient.” – Robert Herjavec

69. “I think greatness comes when you marry you passion with your “job”. – Robert Herjavec

70. “Find something you’re going to be great at and let the money follow you.” – Robert Herjavec

71. “The reality is, as my dad said, if you work hard, you will never be poor in life. But just because you work hard, doesn’t mean you’ll be rich.” – Robert Herjavec

72. “The reality is, that the harder you work, it’s true, the luckier you get.” – Robert Herjavec

73. “The minute you think you’ve made it, is the beginning of the end.” – Robert Herjavec

74. “I worked really really hard for my money, when I give it to somebody, I expect to get it back.” – Robert Herjavec

75. “I didn’t want to be rich, I just didn’t want to be poor.” – Robert Herjavec

76. “I didn’t want to be middle class, or lower middle-class, or mediocre, I just wanted to be great at something.” – Robert Herjavec

77. “I figured that the game of business is played by people who are great at a singular task.” – Robert Herjavec

78. “Being overly sensitive to rejection can become a destructive virus.” – Robert Herjavec

79. “When I was a waiter, I wanted to be the best waiter I could be and worked to be better at it everyday.” – Robert Herjavec

80. “The world does not reward mediocrity nor does it reward average. It only rewards exceptional.” – Robert Herjavec

Bonus Robert Herjavec Quote

Bonus: Here’s our last and final Robert Herjavec quote for success. We’ve included it as a bonus because it most aligns with our philosophy here at The STRIVE. So, read it, embrace it, live it. Enjoy!

“Work Hard… Have Fun… Be Nice… Play Fair… Dream Big. We Only Get Once Chance A Life. If You’re Going To Play This Game, Play It To Win.”

– robert herjavec –

Related: Robert Herjavec Success Story

FINAL THOUGHTS

There you have it, the best of the best Robert Herjavec quotes on success. We hope these quotes inspired you to think a bit differently about success and achievement, and how you can experience more of them for yourself.

If you found any of these quotes especially helpful, please share them with someone who could use a few good words. That said, if you haven’t achieved your dreams yet, keep at it till you do.

Till then,

STRIVE

PS – If you enjoyed these inspiring Robert Herjavec quotes, then you’ll probably enjoy these quotes from fellow shark Lori Greiner or Daymond John.

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Entrepreneurship

75+ INSPIRATIOAL LORI GREINER QUOTES FOR SUCCESS

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Lori Greiner is a successful entrepreneur, inventor, producer and humanitarian, who started with one small idea, and transformed it into a mega multi-million dollar global brand. She’s most recognized these days from her participation as one of the key panel members of the hit reality T.V. show, ‘Shark Tank’. And for only being in her early 50’s, she’s amassed a small fortune with her net worth being over $150 million. Needless to say, Lori knows a thing or two about success, which is why we decided to publish this inspiring collection of Lori Greiner quotes.

We’ve rounded up some of her most motivating and inspiring words as it relates to success, entrepreneurship, and achieving your dreams. So, if you’re ready for some of her insightful words of wisdom, then let’s dive right in:

BEST LORI GREINER QUOTES ON SUCCESS

Best Lori Greiner Quotes

1. “As an entrepreneur, you can always find a solution if you try hard enough.” – Lori Greiner

2. “You are wise when you listen, especially to people with experience.” – Lori Greiner

3. “You have to believe in your product and what you’re doing and other people will follow.” – Lori Greiner

4. “The greatest accomplishment in life isn’t what you’re paid, it’s who you become.” – Lori Greiner

5. “The biggest disability is thinking you can’t do something before you even tried.” – Lori Greiner

6. “You don’t have to be mean to be strong. You don’t have to be cruel to win. Instead be smart.” – Lori Greiner

7. “The only people whom you should try to get even with are with those who have helped you.” – Lori Greiner

8. “There’s something the same about work and defeat… both should make you want to work harder.” – Lori Greiner

9. “I don’t like the word ‘no’ because I think you can always figure out something.” – Lori Greiner

10. “Reach for the stars; you might catch one.” – Lori Greiner

11. “I’m very much a believer that there are no “no’s.” Just “How can I?’s.” – Lori Greiner

12. “I have the attitude that anything is doable, that I can make anything happen.” – Lori Greiner

13. “No matter what, mistakes are essential. They teach you how to be better and smarter for next time.” – Lori Greiner

14.Entrepreneurs: The only people who work 80s a week to avoid working 40 hours a week for someone else.” – Lori Greiner

15. “Entrepreneurship is the way we take control of our lives in a tough economy.” – Lori Greiner

16. “When I had challenges, it taught me to be more on top of it for the future.” – Lori Greiner

17. “When people tell you you can’t do something, it’s really because they can’t do it. Doesn’t mean you can’t. Go for it!” – Lori Greiner

18. “The attitude that anything is doable, you can make anything happen — is how dreams become realities. Make your dreams your realities.” – Lori Greiner

19. “Your success will have everything to do with how you perceive yourself, because how you perceive yourself is how others will perceive you too.” – Lori Greiner

20. “You can make anything happen!” – Lori Greiner

21. “A brilliant idea doesn’t guarantee a successful invention. Real magic comes from a brilliant idea combined with willpower, tenacity, and a willingness to make mistakes.” – Lori Greiner

22. “The great thing about being an entrepreneur is at any time you can take your destiny into your own hands, lead your own life & create a business. That’s freedom.” – Lori Greiner

23. “I am a big believer that at any point you can take your life into your own hands and create your own destiny.” – Lori Greiner

24. “Drive is your inner momentum. Determination is your will. Your drive fuels your determination. – Lori Greiner

25. “Entrepreneurs tend to be very driven, risk takers, confident, and tenacious. They don’t give up and will find another way to keep driving ahead.” – Lori Greiner

26. “Be the kind of person that people will want to work with.”  – Lori Greiner

27. “If you’re lucky enough to be successful, I believe you have a responsibility to give back.” – Lori Greiner

28. “I really love kids and want to help them to be inspired, feel good about themselves and know that if they put their mind to it, they can make their dreams come true.” – Lori Greiner

29. “If you’re stressed, ask yourself what’s the worst thing that can happen, and if it’s not life threatening, don’t be stressed!” – Lori Greiner

30. “You can make anything happen if you put your mind to it.” – Lori Greiner

31. “It doesn’t matter who you are or what you have; what matters is what kind of person you are.” – Lori Greiner

32. “Things go wrong all the time when running your own business, but it’s how you perceive it and deal with it that matters.” – Lori Greiner

Related: Mark Cuban Quotes

33. “Dear optimist, pessimist, and realist – while you guys were busy arguing about the glass of wine, I drank it! Sincerely, the opportunist.” – Lori Greiner

34. “Social media marketing doesn’t have to cost money. All it takes is creativity and ingenuity.” – Lori Greiner

35. “Hire prudently, go slow and don’t go overboard.” – Lori Greiner

36. “You need to pave your own way in the world.” – Lori Greiner

37. “The big thing for me is, I never think about myself as a female in business. I’m a person in business.” – Lori Greiner

38. “If your home environment is good and peaceful and easy, your life is better and easier.” – Lori Greiner

39. “In business, it is most often all about getting your foot in the door, and once you do, everything opens up and things start to naturally progress into bigger and more opportunities.” – Lori Greiner

40. “Don’t live your fears, live your dreams.” – Lori Greiner

41. “You have to be fearless, know who you are, always lead with honesty and decency, and stick to your convictions.” – Lori Greiner

42. “I think people don’t like when you’re not confident about what you are pitching, and they don’t want to invest in or get behind you.” – Lori Greiner

43. “Entrepreneurialism is suppose to be fun.” – Lori Greiner

44.Don’t give up on what you really want to do. The person with the dreams and ideas gets farther than the one just by the book.” – Lori Greiner

45. “I always recommend, if you can, to patent or protect whatever your idea is. If you can’t, you have to make your best judgment. Sometimes, people don’t get anywhere because they sit on something so afraid to reveal it. And yet, in the reverse, sometimes if you expose something to widely, you can risk losing it.” – Lori Greiner

46. “The smartest ideas sometimes are the simplest little products, they don’t have to be big, but you can sell millions.” – Lori Greiner

47. “Unexpected things happen all the time. Don’t let them bring you down and paralyze you. When things got the toughest, I became the most creative and often my best work happened. Don’t get down, get creative and pivot.” – Lori Greiner

48. “Entrepreneurship requires sacrifice, it’s a 24/7 job, but also a 24/7 reward.” – Lori Greiner

49. “You may fall many times, but standing back up is what matters.” – Lori Greiner

50. “You have your way, I have my way. The only way, does not exist.” – Lori Greiner

51. “Don’t let people who were afraid of pursue their dreams talk you out of pursuing yours.” – Lori Greiner

52. “Don’t mistake someone’s kindness for weakness. It shows even more strength and ability.” – Lori Greiner

Related: Barbara Corcoran Quotes

53. “Don’t go by the text book, go out of the box.” – Lori Greiner

54. “When people tell you something can’t be done, all it really means is it hasn’t been done before — go for it!” – Lori Greiner

55. “If you’re interested you’ll do what’s convenient. If you’re committed, you’ll do whatever it takes.” – Lori Greiner

56. “Showing gratitude is the easiest and yet most impactful thing we can do for each other.” – Lori Greiner

57. “Don’t worry what others think of you, be confident and straightforward with decency and others will respect you.” – Lori Greiner

58. “To become more comfortable with risk, try to step out of your comfort zone once a week. It might scare you, but each time, you’ll see there wasn’t anything to be afraid of. It will give you more strength and courage to try the next thing.” – Lori Greiner

59. “Recipe for the perfect pitch: Be able to describe your business or product in two sentences. Be energetic, honest, informative, and brief.” – Lori Greiner

60. “Sometimes the smallest step in the right direction, ends up being the best step of your life. Stick in your little toe 1st if you must, but take the step.” – Lori Greiner

61. “There’s always… another day, another way, a better reality on the horizon — look up.” – Lori Greiner

62. “I learned that nobody’s better than you to get your business off the ground. The experience you get is priceless.” – Lori Greiner

63. “Kindness is hard to give away, because it always comes back to you.” – Lori Greiner

64. “Our beauty is in our individuality. Each person is unique, special and important in this world.” – Lori Greiner

65. “Every setback made me stronger, smarter, and even more determined to succeed. It fuels the fire within and drives you even more.” – Lori Greiner

66. “Create to fill people’s needs, not their wants.” – Lori Greiner

67. “At any point, you can change your life to be what you want to be. There are no rules – dreams don’t have an expiration date.” – Lori Greiner

68.Don’t fear defeat, out of defeat comes and even stronger person with better sensitivity.” – Lori Greiner

69. “Try to laugh every day… it’s good for the soul.” – Lori Greiner

70. “Never look back with regret, look back to learn, not to lament.” – Lori Greiner

71. “I had a history of starting something and maybe getting halfway done. Then I’d see the same thing I was doing on the bestseller list! My ideas were right, but I hadn’t done them fast enough.” – Lori Greiner

72. “Life is an echo… What you put out always comes back to you. So always choose mindfully what you do. For there are always consequences.” – Lori Greiner

Related: Kevin O’Leary Quotes

73. “What happens in our past and what happens in our future is small compared to who we are inside everyday.” – Lori Greiner

74. “I’ve always believed you hire character and train skill.” – Lori Greiner

75. “Your going to fall many times in life, but rising every time is what matters.” – Lori Greiner

76. “One person with drive, determination & passion is better than 100 slightly motivated.” – Lori Greiner

77. “You’re only as good as you believe you are — believe in yourself because you’re the only one living in your shoes.” – Lori Greiner

Bonus Lori Greiner Quote

Bonus: Alright, here is our last and final Lori Greiner quote. We’ve isolated this one quote because we 1000% believe in it. Believe it! – Lori Greiner

“No Dream Is Too Big.”

– lori griener –

FINAL THOUGHTS

There you have it, the best of the best when it comes to Lori Griener quotes. We hope you’ve gathered some key insights on what it takes to succeed. But most importantly, we hope her words have inspired you to dream big, work hard, and aim to achieve the impossible.

That said, if you haven’t reached you aims yet, stay hopeful, believe, and keep to it.

Till you hit your mark,

STRIVE

PS – If you enjoyed these Lori Greiner quotes for success, then you’ll likely also enjoy these inspiring quotes from fellow Shark Daymond John.

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Entrepreneurship

7 BEST FINANCIAL TIPS FOR CASH-STRAPPED ENTREPRENEURS

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Financial Tips for Entrepreneurs Who Are Cash-Strapped

If you’re searching for some truly helpful financial tips for entrepreneurs, then this post is for you. One of the most common challenges that aspiring entrepreneurs have is a lack of funds, so it’s very important to manage your money well.

To attain success through financial independence, one must learn how to let their money work for them by establishing a business or any other source of passive income.

This is something that people who strive to work for money will never understand. And for those who do are the ones who have adopted an entrepreneurial mindset.

However, one of the biggest and most common challenges that aspiring entrepreneurs have is the lack of funds. Even if they’re able to get started, chances are they cannot sustain growth due to the lack of effective money management.

The hard truth is that most entrepreneurs will fail repeatedly and lose money for around 6-12 months after starting, sometimes even longer. And in the entrepreneurial world, when the going gets tough, the tough get going.

Remember that failures are crucial stepping stones in business. Anyone can aspire to become an entrepreneur, but not everyone has the persistence needed to keep going and start leveraging mistakes to point them in the right direction.

Unfortunately, failures cost money. Without money, you simply cannot sustain your business even if you do have the drive to keep going.

With this being said, you need to start implementing money management strategies that will fuel your business on the road to success. And for those who often struggle financially to sustain their business, here are the top 7 tactics you can learn.

BEST FINANCIAL TIPS FOR ENTREPRENEURS

1. Have a Cash Cushion Ready

“Try to maintain at least a 3-month emergency fund that can help with unexpected expenses or those months that don’t do as well as you had planned in your projections,” says Marcus Roberts of Mirador Wealth Management.

Having a cash cushion and strictly following a budget is not only important for entrepreneurship. It is also crucial if you want to prevent your personal finances to suffer as you pursue your business.

A good strategy to secure your cash cushion is to have it deposited in a separate account which cannot be used for online transactions.

2. Use Free Apps as Much as Possible

The world of businesses – online or offline – have evolved past a point where a competitive advantage can be bought with money. In online marketing, there are a growing number of premium tools that can speed up company growth and automate time-consuming processes. This is why well-established firms have an easier time expanding and adapting than smaller startups, which are forced to compensate for the lack of funds by working a lot harder and investing more time.

As a small company, you should definitely avoid spending money on tools that are inessential to your business. Focus on the ROI and assess whether or not everything you invest on actually matters to the survival and growth of your company. Fortunately, a lot of paid automation tools have free or trial version alternatives, particularly with mobile apps.

And to make sure you stay wise with your investment decisions, always opt for free tools such as MailChimp (email marketing platform) and Brightbook (online accounting tool) first before purchasing their premium counterparts.

Additionally, you should focus more on motivating your employees (and yourself) to maximize productivity. One tip is to encourage them to work smarter rather than harder. You can do this with time management and focus-inducing apps such as Toggl (time management app) and Noisli (productivity app). The good news is; these productivity-boosting tools are free to use.

3. Seek Help from P2P Lenders

Not to be mistaken for crowdfunding – P2P lending is an investment practice of financing companies in exchange for an interest rate, whereas in crowdfunding, investors are promised either a reward or equity. Looking at the bigger picture, P2P lending is often seen as the less risky option.

p2p loans for entrepreneurs

“P2P lenders remain private companies funded by investors or institutions looking for returns from alternative fixed income investments,” says Shindy Cheng. “They mostly follow proprietary data models to determine loan approvals, and are competitive when compared to traditional bank financing and depending on credit risk.”

Today, there are several P2P lending platforms you can find online to finance your business needs. If you’re low on funds, consider looking for P2P investors first before trying new ventures in your business. This will help mitigate risks and speed up the growth of your business. To get started, you can find them in a wide variety P2P websites.

Here’s a short list of some of the best, according to Investopedia.com.

4. Refine your Sales Process

With the overreliance on automation and online selling platforms like Shopify, a lot of entrepreneurs, particularly those running online stores, overlook the importance of having a refined sales process.

You could be making sales and even manage to attain positive cash flow. But unless you have a solid, repeatable sales process and having a firm grasp on actual figures (earnings, receivables, etc.), it is nearly impossible to develop measurable and effective plans of action for the future of your company.

You must have a repeatable sales process, as well as a solid knowledge of your numbers. Do cash flow projections for the 12 months ahead, and then document the actual against the forecast figures.

5. Use Low Fee Business Checking Accounts

Every entrepreneur or small business is going to need a business checking account. Unfortunately, not all business checking accounts are cheap. In fact, some can be down right expensive.

Believe it or not, those bank fees do add up. So, as a cash-strapped entrepreneur, you can keep as much of your money as possible by paying attention to the fees your bank is charging you to use their business checking accounts.

6. Get a Business Credit Card

Another effective financial tip for entrepreneurs, especially cash-strapped entrepreneurs, is to apply for a business credit card. Not only will having one improve your credit, but it can help streamline a lot of your recurring expenses.

entrepreneur financial tip - get a business credit card

If you set up payments with third-party services that you use to run your business, you can automate some of your business expenses, and give yourself a buffer during those tight months when cashflow is lower than expected.

So, get yourself a credit card, use if for recurring expenses, but be sure stay away from accruing debt that you can’t pay back every month, as interest rates can start to eat into your profits.

7. “Keep it Simple, Silly”

Again, it is common for businesses to struggle during the first year. A dedicated entrepreneur is expected to invest a lot of time in the business. And from time to time, the entrepreneur may also need to shell money out of his own pocket to support the company’s expenses.

It’s is very rare that an entrepreneur will discover massive financial success early on. So, don’t complicate your efforts with high expectations for fast and high returns. Be sure you’re smart with your expenses, only spend money when you have to, and don’t throw all your chips in at once.

Being an entrepreneur takes guts. It takes a mentality to not work for a salary initially. Ensure you can see out that first 6-12 months with either no, or very little and essential living expenses.

Final Words

Here’s a quick recap to help your remember each step:

  1. Have a Cash Cushion Ready
  2. Use Free Apps As Much As Possible
  3. Use P2P Lenders If Necessary
  4. Refine Your Sales Process
  5. Use Low Fee Business Checking Accounts
  6. Leverage Low Fee Business Credit Cards
  7. Keep It Simple and Don’t Over Extend Yourself

Whether you’re trying to save up for a cash cushion or not, frugality is always a strong quality to have for money management. This means you have to consider absolutely anything that can save you money; from walking to work, preparing your own meals, skipping on overpriced coffee, spending weekends at home, and so on. These things can wait; but the heavy costs of supporting a business can’t.

Follow these money management tips, keep moving forward, and it will only be a matter of time before your venture gains some serious financial traction.

Till next time,

STRIVE

PS – If you found these financial tips for entrepreneurs helpful, then you may also enjoy these other useful resources for entrepreneurs:

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Entrepreneurship

10 REASONS EVERY ENTREPRENEUR NEEDS A PERSONAL VIRTUAL ASSISTANT

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Personal Virtual Assistant For Entrepreneurs

The business world has evolved in so many ways in the past 10 years. With modern business becoming an ever-growing playing field spanning across the globe, entrepreneurs are realizing the urgent need for them to implement new strategies that can help them transform and enhance their brands in order to stay on top of their game.  And one of the best moves an entrepreneur can make these days to get ahead of the competition, is to seek the help of personal virtual assistants for their businesses.  What to know why? If yes, keep reading and we’ll tell you.

Are you a business entrepreneur looking for ways to improve your business? Then, hiring a virtual assistant should be on top of mind for you.  If you are a business entrepreneur who doesn’t have a virtual assistant on deck yet, consider this article your tell-tale sign. 

So, if you’ve ever considered getting a virtual assistant, but never taken a deep dive into all the benefits and reasons you should, then perhaps this article is the serendipitous occassion you’ve been waiting for to nudge you into action. 

With that being said, below are the top ten reasons why business entrepreneurs like you should get an assistant to help in your business today.  Take a look, the success of your venture could depend upon it.

WHY YOU NEED A PERSONAL VIRTUAL ASSISTANT

personal virtual assistant

1. Helps You Manage Your Time

As a business entrepreneur, you always consider time as of the essence in making your business grow.  But sometimes the feeling of wanting to do so many things in such a limited number of time can provide you with unwelcome stress and headache.  To prevent this from happening, you would need all the help that you can get to manage your time as efficiently as possible.

With a personal virtual assistant, this wouldn’t be a problem.  Hiring for his services will make you have an extra hand in completing your tasks for the day.  Because of this, managing your time and getting on top of your work will not pose as much of a challenge to you.

2. Minimizes Operational Business Costs

One of the reasons why business entrepreneurs are hesitant in hiring a virtual assistantis that they think it will cost them much.  Fortunately, this is not the case.  It is quite the opposite.

Hiring a virtual assistant minimizes your business operation cost.  It, your business, will have a variety of needs.  And for this, you would need to hire someone adept in business operations and transactions.   Having a general virtual assistant on deck for the team is the answer.

A general virtual assistant gets the administrative tasks of the business done.  For example, he will look into answering your emails, setting up appointments with your clients, giving your clients the follow-up call, encoding important data, transcribing important documents, and many more.  To attend to these tasks, you wouldn’t need to hire people but a general virtual assistant. Imagine the money you can save up in not hiring multiple people to have all of these tasks done.  Because of these reasons and more, you might want to consider hiring a general virtual assistant for the team.

3. Helps You Get More Organized

It comes without a surprise that a busy business entrepreneur like yourself runs a tight daily schedule.  Attending to several concerns on a regular might be very time-consuming, not to mention very stressful.  To help you stay on track, you need to organize not just your thoughts but your schedule in order not to run the risk of forgetting something important.

For this, hiring a dedicated virtual assistant will be helpful.  A dedicated personal virtual assistant will take care of keeping you organized.  You can ask her to make your to-do list, manage your business calendar, keep your files updated and systematized, remind you of important tasks now and then and give you updates from time to time.

4. Reduces Workload

Hiring a virtual assistant significantly reduces your workload.

As a business manager, you will face a variety of tasks daily.  Because you will need to focus on them one by one, you might end up tiring yourself and not getting enough tasks done.

With a virtual assistant around, you will get help from accomplishing your tasks on a regular.  You will get help in managing your emails, researching on certain topics, creating basic reports, and even preparing your slideshows for a business meeting.  Because of this, you will notice that your workload is significantly reduced.

Reducing your workload is helpful not only to save you from a lot of stress at work but also to help you become more productive during your working hours.

5. Lets You Focus on Bigger Tasks

Having a virtual assistant in the team will do you a lot of wonders.  One of the positive contributions that it will bring to you and your company is that it will allow you to focus on the more important aspect of making the business grow.

As we have mentioned before, time is a precious resource for a business entrepreneur like you.  Because of this, you would want to spend your time as effectively and productively as possible.

With a virtual assistant around, you wouldn’t have to spend the first few minutes of your business hours, answering your emails or getting on the phone to set-up a meeting with an important client.  Your virtual assistant will do these tasks for you.

Because your administrative tasks will be out of the way, it will allow you to have more time to focus on the bigger tasks for the company.  You can now take your time, thus become more relaxed and creative in coming up with business plans and strategies that will positively contribute to your business in the future.

6. Enhances Customer Service

A virtual assistant will enhance your customer service and consequently improve your customer satisfaction.

With a virtual assistant on deck, your company will provide better support and assistance to your customers.  By having her on the team, you will have someone to address your customers’ pressing needs timely.  As a result, your customers will be assured of the fact that whenever they need assistance in availing your service, you are not far from reach.  Your customers can give you a call, send you an email, or message you via your platform.  And they will be guaranteed to get an answer.

Because of this, your customers will feel that their concerns are not taken for granted.  Getting a timely response from you develops your rapport with them and thus will help you gain their loyalty and engagement.

7. Can Stabilize Your Businesses Weak Points

Can your company use some help in marketing your services? Then, think of hiring a virtual assistant to help you with this.

Digital marketing has been one of the most effective tools that modern companies nowadays use to their advantage.  It involves a wide range of areas that your virtual assistant can help you with.

For one, your virtual assistant can help you with your email marketing strategy by sending the company’s regular newsletter via emails to your target audience.  A talented virtual assistant knows perfect email management software to schedule your emails and do this task efficiently.

Another area where you can use the help of a virtual assistant is in content marketing.  Content marketing has been the name of the game for companies who try to up their brand image.  To develop the content marketing game of your company, you can ask the help of your virtual assistant to write blog posts for your company or other content generating tasks that will help you attract your audience into availing your service.

Aside from helping you improve your marketing strategies, there are several ways where a virtual assistant can assist you in stabilizing your company’s weaker points.  There are a lot of talented virtual assistants at bay waiting to help you with your needs.  And what you would only need to do is to avail of their quality service.

8. Can Increase Productivity

Some of the start-up companies of today encourage their employees to multitask.  With this, they assign additional tasks to their employees that are unrelated to their function in the company.  For example, aside from having an employee as a staff in the recruitment team, these companies would also make him write regular content for the company’s blogs.  They would reason that by doing this, they can cut their operating costs and thus generate more profit for the company.

Though we don’t want to burst their bubble, the practice of multitasking may not only lead to their employees’ burn out but also it may hurt their productivity.  We are here to tell you that you don’t have to follow suit.  Instead, allow your staff to focus on a specialized task and let them become productive and efficient with it.  Thus, if there are tasks that call for the company’s immediate attention, we recommend that you outsource them to a virtual assistantBy doing this, you give your team the time that they need to concentrate on their work, put in the right level of energy into it, and thus motivate them to do their best and contribute positively to the company.

9. Increase Your Brand’s Online Presence

With the advent of technology, the modern world has provided business entrepreneurs like yourself a different playing field in business.

Because most of the people nowadays are online, companies have made a continuing effort to build their brand and create a positive not to mention sweeping online presence.  And this, you can also use to help your own business grow.

One of the most effective techniques to develop your online presence is by creating social media accounts.  To maintain your different social media platforms, you can hire a virtual assistant to manage them for you.  Your virtual assistant can help you create relatable posts that they can publish in your business platforms online.  You can also ask her to comment on these posts to increase traffic to your site.

With the help of a talented virtual assistant, you can have a business profile that will stand out from the rest.  In no time, you will be able to build an awesome online presence that will translate to positive results for the company in the long run.

10. Allows You Time to Relax

Having the time to relax is leisure that a business entrepreneur like you should not deprive yourself of.  With a virtual assistant around, you can have some time for yourself to relax and unwind, even for a while.

Taking the time to relax may not have to be a grand scheme at all.  Because a virtual assistant significantly reduces your workload, you can have the time for other things that you have in mind.  For instance, you can call on a loved one and check on them while you’re at work.  Or you can have the time to talk with your team and bond with them from time to time.

Some of you may consider these things petty, but these are the little things that will help you reduce and manage your stress levels at work.  Maintaining a work-life balance is key to making your business grow, and your virtual assistant can help you achieve the balance that you need.

Main Takeaways

These are the top ten reasons why a business entrepreneur like you needs a personal virtual assistant in the company. Here they are again as a quick recap:

  • Helps You Manage Your Time
  • Minimizes Operational Costs
  • Helps You Get More Organized
  • Reduces Workload
  • Lets You Focus On Bigger Tasks
  • Enhances Customer Service
  • Stabilizes Your Businesses Weak Points
  • Increases Productivity
  • Can Be Leveraged to Improve Brand Awareness
  • Allows You Time To Relax

You and your company may use some help in different areas according to your needs.  These tasks may include email management, setting up or booking appointments, file management, researching on varied topics, transcription, taking down notes or minutes of the meeting, creating reports and PowerPoint presentations, managing your social media platforms, generating content for your blogs, and many more. 

Hiring the services of a virtual assistant who is skilled to help you in these tasks wouldn’t hurt.

With these advantages and so much more, we can’t see a reason why you shouldn’t welcome a personal virtual assistant to your team.

Till next time,

STRIVE

PS – Some virtual assistants are better than others, and as you’ll soon see, or probably already know, you may need to motivate some of them. If you ever run in to this problem, here’s a great resources to help you keep your virtual assistants motivated.

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Entrepreneurship

7 BEST BOOKS FOR ASPIRING ENTREPRENEURS IN 2022

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best books for aspiring entrepreneurs

Entrepreneurship is not for the faint of heart. You don’t need lots of money, status, or influence to make it as an entrepreneur, but you will need ideas, vision, determination, and a relentless willingness to execute.

Everyday a new entrepreneur gives their dreams a shot, and equally, every day another entrepreneur decides to call it quits and close up shop.

Considering this fact, we decided to create a post for all aspiring entrepreneurs who are looking for a few keys to help them get their enterprise started with the right mindset and on the best footing. The hope is that these resources will encourage many to get started on their dream business, and equally plant in them the seeds of success they will need to see their venture through till the end.

Without further ado…

THE BEST BOOKS FOR ASPIRING ENTREPRENEURS

best books for aspiring entrepreneurs

Note:  We’re reader-supported. When you buy through links on our site, we may earn an affiliate commission.

1. The Obstacle is The Way

Without a doubt, as an entrepreneur you are going to suffer set backs. On top of this, you will doubt yourself almost every step of the way. And if you are like most entrepreneurs, you will consider throwing in the towel just about every other week, because, well, starting a business is hard freaking work. The great news is, you’ll have either read The Obstacle is The Way, or you’ll have it in your arsenal to encourage you to engage with and even accept your challenges and obstacles as welcomed friends that you’ll need to embrace if you wish to succeed.

The books is not exactly made just for entrepreneurs, but the lessons of turning trials into triumph is exactly what you’ll need to be hearing, reading, and absorbing inf you are going to make it through the entrepreneurial gauntlet.

So, if you don’t already own this book, do yourself a favor and get it now.

2. Think and Grow Rich

Everyone has heard of Think and Grow Rich, and it is absolutely one of the best success books ever written. And the reason it has made this list for books every entrepreneur should read, is because of it’s ability to help you believe that you can be succeed. This book does a great job helping you obtain the mindset you’ll need to endure and bring your vision to life.

Beware, it is an old book. Put the principles are as true today as they were when the book was written in the early 20th century.

So, get this book and read it often as you make the journey towards creating your business empire.

3. Blue Ocean Strategy

Blue Ocean Strategy is not an inspirational book at all. In fact, it is quite boring to read. However, it is a book that many MBA students and executives have been required to read over the past decade. In fact, we listed it here, because every entrepreneur needs to take a vary rational and strategic approach to their business if they want to succeed. By reading this book, you’ll give your venture a chance at success, so long as you apply the principles.

In this day and age, you can’t just start something you love and accept that it will succeed in the market. No, you have to ensure that what you are offering is unique, fresh, and uncontested in the markets if you want your venture to thrive.

So, read this book, create your strategy and then go make your dreams (anchored by reality) come true.

4. 10X Rule

Grant Cardone is a pretty inspiring guy, but don’t expect a super polished and pedantic lesson; rather, Grant will teach you what it will take to succeed in today’s hyper-competitive world the way he learned his lessons; up front, real and in your face. There is no hand-holding with this book. So, pick it up, brace yourself, read it, and then apply his hard learned lessons and watch your success sky-rocket.

5. Millionaire Fastlane

A successful entrepreneur at the end of the day makes money. If you start a business that doesn’t generate enough cash to keep you fed and the lights on, then you may have started a hobby not a business.

We recommend this book for every entrepreneur. Especially before they take the leap because it will give you a taste of what entrepreneurship really looks like, from bootstrapping, to losing tons of money, to making it all back. In short, it will help prepare you for the journey that lies ahead.

The book is also a great starting point for the type of mindset you’ll need to acquire if you wish create a business that thrives financially, and you will come to understand the value of execution and taking action on your business goals.

So don’t hesitate to get this book if you are about to take your entrepreneurial leap.

6. The $100 Startup

The $100 Startup by Chris Guillebeau is a fantastic book to read if you are an aspiring entrepreneur. This book provides powerful ideas that encourage the reader to think outside the box. But more importantly, the book does a good job at helping the reader realize that starting a business doesn’t require some grandiose idea, or massive amounts of capital.

So, if you’re looking for a bit of encouragement and a few good ideas that can help you thinking differently about entrepreneurship and creating a business you love, you should read this book.

7. The Lean Startup

The Lean Startup is one of the best books for aspiring entrepreneurs because it deals with a commonly overlooked aspect of entrepreneurship; over-committing. This books does a great job at relaying the necessity of starting your entrepreneurial endeavor with a minimal viable product to test, versus committing all your resources to an idea/product/service that the market may ultimately reject.

So, if you’re truly considering entrepreneurship, do yourself a favor and pick this book up. It will give you the framework to approaching business in a lean way, and could potentially save you lots of money, time, effort, and heartache.

Related: Inspiring Entrepreneur Quotes

Final Words on The Books Every Entrepreneur Should Read

And there you have it. The best books for aspiring entrepreneurs. We sincerely believe every entrepreneur should read these books before deciding to dive into the deep sea of entrepreneurship. We could have added more books, but didn’t want to waste your time, because as you’ll soon learn as an entrepreneur, time is money.

Till next time,

STRIVE

PS – If you enjoyed learning about our selection of the best books for aspiring entrepreneurs, then you may also enjoy learning about the best business audiobooks.

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