Perils of Entrepreneurship
Perils of Entrepreneurship
It’s Brutal Out There
Let’s face it. Starting a company is not for the faint of heart. It takes guts, spirit, persistence, resourcefulness, curiosity, creativity, and the abiity to tolerate risk. And that’s just the personal qualities. Entrepreneurs are risk takers by nature and tend to have good rejection strength. But rejection strength is not enough. Starting a business requires that one takes on multiple roles. Juggling multiple roles is stressful. Taking on roles that don’t fit your competency or your passion increases the stress. What is your stress management style? Who makes up your support group? Who reminds you of your guts, spirit, persistence, resourcefulness, curiosity, creativity and ability to tolerate risk? This is a major advantage of Executive Coaching.
Notwithstanding all of the technical and financial skills required, there are also interpersonal skills to master. What does neuroscience tell us about how to communicate to facilitate collaboration and cooperation? How does one go about influencing others? There are hard conversations to master. How does one fire someone respectfully? What about when this person is a loyal friend? How does one give and receive feedback? How does one say “No” gracefully? How does one deal with conflict? Are empathy and kindness really essential in business? We will help you understand business psychology so you can confidently answer these questions.
Mental Health as a Competitive Advantage
Entrepreneurs have higher rates of depression and anxiety than executives in established businesses. One of the main reasons is the need to “fake it til you make it.” Raising capital for a business requires optimism, confidence and a healthy dose of bravado, along with a good business plan. Impression management takes a toll when the internal world of the entrepreneur is in conflict with the image that he or she projects. The doubts and fears can cascade into a torrent of depression and anxiety. Risk takers and bravado experts have difficulty expressing vulnerability and pain. Hidden emotions are toxic. Depression and anxiety are treatable, but only if recognized. Left untreated they can unravel a business, a marriage, and a family. With thirty years in the mental health field, Dr. Finney can help you understand your emotions and facilitate you getting back to your healthy whole self.
Self-Care and Habits for Success
Self-care often takes a back seat when one starts a business. Meetings and workload take precedence. Yet it is difficult to maneuver a vehicle that is not performing optimally. Healthy habits and routines such as exercise, meditation, healthy eating, and good sleep habits build resilience and help to stave off the emotional issues that accompany entrepreneurship. Learn to master mindsets that increase focus and attention, and master your results.
"To put it simply, Terri Finney is an amazing coach. You can tell from your first meeting how much she cares about supporting those around her, especially entrepreneurs. She understands the challenge and stress of being an entrepreneur and balances that with a unique and special ability to support as well as challenge our teams to dig deep and work at the most fundamental level. We are so thankful that she chooses to continue to work with us and our startups. She is an integral part of their health and success as a team, a founder and a person." – Erin Stadler, Managing Director, Boomtown