How to deal with stress as an internet entrepreneur

People have long compared the life of an entrepreneur to a roller coaster, and rightly so. It's an up and down struggle with no guaranties – a world without salaries and regular paychecks. Profits are only made when our efforts are productive.

This is no different for today's internet entrepreneur than it was for entrepreneurs of past generations. Stress for us comes in all shapes and sizes. For some, it results in not having enough hours in the day, or lacking tech savvy. For others, it lies in not being able to generate enough leads to their business opportunity, or being insecure about their own training of new business partners. Whatever it may be, we as internet entrepreneurs need to learn how to manage stress and rise above our challenges.

We're in a great industry with enormous potential, but many of us are first time entrepreneurs, so we need to be cognizant of the unavoidable hurdles and learn how to overcome them and One of the ways I teach new teammates how to deal with stress is through mindset training. Once a person has a strong mindset, stress will not affect him/her in the same way. A proper mindset allows you to understand that business growth is directly correlated to your own personal growth. You can continually add value for your prospects by becoming a better you. This realization will do wonders in dealing with stress, because it will allow you to remove your emotions from the “yes's and no's.” If a person elects not to join your business, it will not bring you down. This is because you have the equation for success.

Improve yourself and your business growth will follow. As long as you are committed to achieving personal growth, your business will improve and stress will become easier to deflect. This one philosophy alone makes entrepreneurship so much easier. Aside from mindset training, I recommend that you always keep in mind what it is that separates those who succeed from those who don't. It really comes down to the following: have a dream, pursue your dream with intensity and never give up. This may sound really cliché, but if you think about it it's true.

Before you begin any entrepreneurial venture, you want to begin with your end goal in mind. If your goals are big and important enough, then nothing will be able to stop you. If your goals don't carry much weight or don't really mean much to you, then they won't pull you through the tough times. Once you start pursuing your dreams, never give up no matter what. Those who succeed just never quit. It's that simple.

Obviously you need to be watching your progress, because lots of effort without direction won't get you far either. Having a goal, pursuing it and resolving never to quit should help you overcome any stress you are faced with along the way. Lastly, overcome stress by taking care of yourself. If you're an internet marketer, then you have the luxury of working from home. You don't have to waste time commuting every day, so use that time to your advantage. Exercise, eat properly and get enough rest! There's no reason why we shouldn't be healthier than our corporate counterparts. Our business success depends on our energy and vitality, so make sure you do everything possible to keep yourself in the best shape! I hope these suggestions help you on your path to success. Thanks allots for reading. Do stay tuned to this blog for more entrepreneurial articles.
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Entrepreneurship management

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Theories of entrepreneurship and entrepreneurial motivation Economic, sociological and psychological Entrepreneurship Innovation theory Theory of Achievement Motivation Motivation theory by McClelland (Acquired Needs theory) The Kakinada Experiment Motivating factors for entrepreneur- Internal and external
Entrepreneurship Management
Economic Theory• Entrepreneurship and economic growth take place when the economic conditions are favourable • Economic incentives are the main motivators for entrepreneurial activities • Economic incentives include taxation policy, industrial policy, sources of finance and raw material, infrastructure availability, investment and marketing opportunities, access to information about market conditions, technology etc
Entrepreneurship Management
Sociological Theory• Entrepreneurship is likely to get a boost in a particular social culture • Society’s values, religious beliefs, customs, taboos influence the behaviour of individuals in a society • The entrepreneur is a role performer according to the role expectations by the society
Entrepreneurship Management
Psychological Theory• Entrepreneurship gets a boost when society has sufficient supply of individuals with necessary psychological characteristics • The psychological characteristics include need for high achievement, a vision or foresight, ability to face opposition • These characteristics are formed during the individual’s upbringing which stress on standards of excellence, self reliance and low father dominance
Entrepreneurship Management
Entrepreneurship Innovation theory• Theory by Joseph Schumpeter who believes that entrepreneur helps the process of development in an economy • He says that an entrepreneur is the one who is innovative, creative and has a foresight • According to him, innovation occurs when the entrepreneur– – – – – Introduces a new product Introduces a new production method Opens up a new market Finds out a new source of raw material supply Introduces new organisation in any industry
Entrepreneurship Management
• The theory emphasises on innovation, ignoring the risk taking and organising abilities of an entrepreneur • Schumpeter’s entrepreneur is a large scale businessman, who is rarely found in developing countries, where entrepreneurs are small scale businessmen who need to imitate rather than innovate
Entrepreneurship Management
Theory of High Achievement/Theory of Achievement Motivation• McClelland identified 2 characteristics of entrepreneurship – Doing things in a new and better way – Decision making under uncertainty • He stressed that people with high achievement orientation (need to succeed) were more likely to become entrepreneurs • Such people are not influenced by money or external incentives • They consider profit to be a measure of success and competency
Entrepreneurship Management
Motivation theory by McClelland (Acquired Needs theory)• According to McClelland, a person has three types of needs at any given time, which are: – Need for achievement (get success with one’s own efforts) – Need for power (to dominate, influence others) – Need for affiliation (maintain friendly relations with others) • The need for achievement is the highest for entrepreneurs
Entrepreneurship Management
The Kakinada Experiment• Conducted by McClelland in America, Mexico and Mumbai • Under this experiment, young adults were selected and put through a three month training programme • The training aimed at inducing the achievement motivation • The course contents were – Trainees were asked to control their thinking and talk to themselves, positively – They imagined themselves in need of challenges and success for which they had to set planned and achievable goals – They strived to get concrete and frequent feedback – They tried to imitate their role models/those who performed well
Entrepreneurship Management

• Conclusions of the experiment: – Traditional beliefs do not inhibit an entrepreneur – Suitable training can provide necessary motivation to an entrepreneur – The achievement motivation had a positive impact on the performance of the participants • It was the Kakinada experiment that made people realise the importance of EDP (Entrepreneurial Development Programme) to induce motivation and competence in young, prospective entrepreneurs
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