October 22, 2021 | 3-minute read (563 words)
You've worked months, if not years, turning your concept into a viable business. You've built your business from the ground up, trademarked your company name, paid to create your website and polished your product or service. It is the most exciting day of your business when you formally debut.
What happens after that? Unfortunately, many business owners feel a sense of betrayal next. Stagnation and boredom are sure to occur in the life of anybody in the workforce at some time, but they may be especially alienating for entrepreneurs who generally work alone. Don't be alarmed if this is the situation for you. This isn't the first time you've felt this way, and it won't be the last. Consider the following suggestions for overcoming feelings of stagnation.
Make a new challenge
You undoubtedly put all you had into bringing your company concept to life when you first came up with it. You set aside all other duties and objectives to get it, and now that it's here, you may be confused as to what to do next.
Set a new task or goal to help you get through this phase. Building a firm is a huge endeavor, and if you've already accomplished that; reaching another milestone won't be difficult. Perhaps you have enough clients to keep you busy for the time being, but you might set a new aim for yourself, such as expanding by a particular percentage in a given amount of time so you can expand.
Working with a CFO or other expert who can look at your figures and show you exactly where you can be in a specific time frame, as well as the actions you can take to get there, is an excellent place to start when it comes to defining future objectives.
Perhaps you're bored because you're swamped with tasks you didn't plan to take on, such as managing sales tax paperwork or spending time on the phone with IT to resolve computer difficulties. Identify areas where you are feeling stymied and form partnerships to allow others to take on those tasks so you can focus on developing your company.
Consider hiring contractors, outsourcing businesses, freelancers or part-time workers who are experts in the areas that have sapped your enthusiasm for your company. You can also make the most of productivity tools to keep you from wasting time on tasks that might otherwise be automated. Consider employing a third-party manufacturing business to create your items if you were previously creating them by hand so you may expand your sales channels, or recruit more employees. You'll get to work on things you enjoy, allowing your company to grow.
Strive for balance
It's conceivable that you've become tired of your business because it's all you've done for the previous year or more. It's fine to take time away from your company once you've launched and found the balance you require. Rediscover your favorite pastimes and relaxing activities.
Take walks, go to the gym or meditate – whatever helped you keep centered before you became an entrepreneur is likely to help you stay centered again if you make the time. You may also achieve that balance by just sitting down and conversing with other business owners. You could learn how they dealt with their feelings of tension while starting their company. Hearing that you aren't alone might be reassuring.