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Managing stress as you run your own business

Is stress-reduction one of your New Year's resolutions? Too many of us carry stress around with us all the time, and the most frequent topic of worry is work. If you are an entrepreneur and have started your own business, this is certainly understandable. The success or failure of your company seems to be entirely on your shoulders, and that's a heavy burden to bear.

While you can't necessarily lighten your workload, you may be able to change how you cope with the stress of owning a business. In a recent Forbes article, a startup founder named Chris Myers shared some of his strategies for finding balance when he starts to feel overwhelmed.

Myers suggests the following three strategies: Be present in the moment, pick your priorities and be willing to accept imperfection. Being in the moment means focusing on what's immediately in front of you rather than regretting the past or worrying about the future. As a business owner, worrying about the future probably consumes more of your mental energy than you realize. Staying present in the moment helps you avoid panic and worry over the "what ifs" in life.

The next two strategies are somewhat related. First, you need to determine what in your life/business is most important to you and prioritize appropriately. For many people (including Myers), family comes first, followed by the business. There are only so many hours in the day, which is why it's important to focus most on what truly matters to us.

Along with prioritizing, it is also important to set reasonable standards and expectations. Chances are good that not every aspect of your business needs to be personally handled by you. It is ok to delegate, when appropriate. And even if you do end up handling most matters personally, you should not always expect perfection. Sometimes, "good enough" is good enough.

Hopefully, you found these ideas to be helpful - if only as a guide. As a final tip, please consider entrusting the legal aspects of your business to an experienced business law attorney. You could rest easier knowing that your contracts are well-written, your business is in full legal compliance and your intellectual property is protected. That peace of mind could be invaluable as your business grows through 2016 and beyond.

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