Month: November 2019

There are multiple factors that affect your success. From your ability to run your own business to chasing specific goals for your career, your mental health will have a big impact on your ability to reach your long-term goals. You should not overlook the importance of taking care of yourself and getting help when you need it. There is often a lot of stigma surrounding the issue of mental health, but there is no shame in admitting you are struggling.

Research suggests that perhaps as many as one-half of all entrepreneurs struggle with depression and mental health. There is significant stress associated with starting and running a company, and over time, this can exacerbate or create issues that impact a person’s mental and emotional well-being. Unfortunately, many people who could benefit from counseling or help from a medical professional are ashamed to reach out. They may feel alone, and they may also wonder if their issues could impact the well-being of their business.

If you’re struggling, you need to know that there is no shame in seeking help. Thankfully, it’s becoming more common to hear people, even famous athletes and those in leadership positions, talk about their own personal mental health struggles. Your success and the stability of your business should never come at the expense of your personal well-being.

Talking to your doctor about your concerns is a good place to start. Some people find that certain types of medications can be useful, as well as counseling, exercise and finding a person with whom you can share your concerns. There is nothing wrong with prioritizing your own mental health and finding what works for you. The main thing to remember is that you matter, and so does your well-being. Don’t wait to seek out support and treatment if you need it.

By Meagan Kerlin for Vertu Marketing LLC

Success doesn’t always come easily. If you want to succeed with your specific goals, you’ll have to work hard, deal with setbacks and keep your eyes on the prize when things get tough. Whether you’ve just started out or if you’ve been chasing your dream for years, you’ll have to face some of your fears at a certain point in your journey. This is why it’s important for you to know, exactly, what your fears are and how you can combat them.

One of the most prominent fears for many entrepreneurs and those with specific career goals is the fear of failure. In fact, this fear can be so dominating that it can cause a person to freeze in place, afraid to move forward and take chances. If you do not conquer this fear, it is quite possible that you will never reach your full potential.

Another fear you may have to face is the fear of taking a chance or making a risky decision. Unfortunately, not everything will be easy, and the right choice may not always be immediately clear. Dealing with this fear may involve simply learning how to be decisive and move forward confidently. If you take a chance and it doesn’t go well—you can bounce back. Few choices are so bad that you can’t make up for lost ground.

You may also fear things like losing your competitive edge or never making a profit with your business venture. It’s normal to have fears, and it’s perfectly okay to have things that scare you a little. What’s not okay, however, is to allow these things to keep you from fighting for your dream. The time is coming when you’ll have to face down the things you’re afraid of and fight for success, which is why it’s helpful to name these fears and starting figuring out the best ways to fight back.

By Meagan Kerlin for Vertu Marketing LLC

Starting a business is an exciting step, but it can also be an expensive process. There are significant start-up costs associated with launching a new business operation, and you can find yourself in serious money trouble if you aren’t careful. Money mistakes can happen whether you are quitting your job to chase your dream full time or you will be working your business as a side hustle for the time being. Thankfully, with careful planning and a few smart steps, you can lay the foundation for the future success of your business without it costing you your entire financial future.

Financial planning doesn’t come easy for everyone, and it can be especially difficult to focus on these issues when you are also thinking about things such as business expenses, hiring employees, choosing a business entity and more. In fact, forgetting financial planning during the initial stages of a small business is one of the most common mistakes entrepreneurs may make. Some of the other common money mistakes you’ll want to avoid include:

• Failing to speak with a financial expert regarding smart investment moves you may need to make
• Forgetting to plan and save for retirement
• Not having any financial goals for the future
• Failing to set up a budget and stick to it, especially during a financially uncertain stage of your business
• Not taking opportunities to learn more about financial management

There is a lot on your mind during the initial stages of your company, but there are important money matters you will not want to overlook. Failure to consider these things and making money mistakes could ultimately result in an uncertain future, wiping out your savings or being unable to pay your bills while you work to get your business off the ground.

With so much on the line and your financial security at stake, you will want to consider the guidance of a financial professional as you start your business. You don’t have to be wealthy to benefit from the support and expertise of a person who has your long-term well-being in mind. Don’t sacrifice your stability to start a business — think about things you can do to get a safety net in place before you take the leap into entrepreneurship.

By Meagan Kerlin for Vertu Marketing LLC