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Dealing with the pressure of online business
(A Thread)
I've come to realize a huge key to success in online business is being able to manage stress.
Because you're constantly under pressure.
There's always new issues.
Shit is constantly hitting the fan.
(A Thread)
I've come to realize a huge key to success in online business is being able to manage stress.
Because you're constantly under pressure.
There's always new issues.
Shit is constantly hitting the fan.
Always a fire to put out somewhere in your business.
And it's easy to get caught up running from one fire to the next in one giant, stressful circle.
But that's no fun.
Also not good for the growth of your business.
So, how should you deal with stress?
And it's easy to get caught up running from one fire to the next in one giant, stressful circle.
But that's no fun.
Also not good for the growth of your business.
So, how should you deal with stress?
There are a few good habits you can incorporate into your life to deal with the stress of running your own e-commerce business:
1. Only work on key, revenue driving activity for the first hour of your workday
Work on super high-ROI activities that drive your business forward
1. Only work on key, revenue driving activity for the first hour of your workday
Work on super high-ROI activities that drive your business forward
Putting out fires can wait until you've done your key task for the day
2. Don't scale your business to a level you can barely sustain
Meaning, if you order inventory in bulk, order enough to last you 2-3 months. Don't order inventory amounts that will only last you 3 weeks or else you'll constantly be stressing about inventory levels, re-stocking
Meaning, if you order inventory in bulk, order enough to last you 2-3 months. Don't order inventory amounts that will only last you 3 weeks or else you'll constantly be stressing about inventory levels, re-stocking
Also, you need enough cash to run your business. Trying to manage cashflow down to the dollar is super stressful. Need a solid cushion of cash in the bank to fund ad costs without stressing about whether the weekend's Stripe deposit hits in time or not
3. Take time off
If you're working a job, it's fine to work on your business every day including weekends. If all you do is run your business, you'll need some off days where you don't work much or at all
If you're working a job, it's fine to work on your business every day including weekends. If all you do is run your business, you'll need some off days where you don't work much or at all
Working 7 days a week in a high stress job (like running your own business) isn't sustainable long-term. Your productivity will suffer after a while
4. Exercise
Gotta hit the gym or play some sort of a sport a few times a week. Maybe I'm biased here because I love training, but personally think exercise is pretty much non-negotiable just for the stress-relief benefits
Gotta hit the gym or play some sort of a sport a few times a week. Maybe I'm biased here because I love training, but personally think exercise is pretty much non-negotiable just for the stress-relief benefits
5. Know your goals and set up your business accordingly
This last one is a little vague so let me explain...
Some guys just want to make $3k a month, move somewhere and live happily ever after
This last one is a little vague so let me explain...
Some guys just want to make $3k a month, move somewhere and live happily ever after
That's very achievable with online business. It will be quite a bit of work to set up and learn the skills needed, but you can easily maintain a business like this with just 1-3 hours of work a day
If, on the other hand, you're trying to make a shit ton of money and keep pushing for higher and higher goals, you're going to be working a lot. Getting wealthy is a fun challenge to me...but it's a lot of work and stressful at times
People get all messed up in the head because they really just want to make a little extra money online...but they're taking advice from people who are trying to get rich
Two different goals
Two different goals
One isn't better than the other...but you have to know what you're trying to achieve and then structure your business (and your day) in a way that is conducive to what you're trying to achieve
I hope this thread helps you out if youre struggling with your ecommerce business
I hope this thread helps you out if youre struggling with your ecommerce business
