What is the psychological price of running a business?

Here is a great analogy for being an entrepreneur from Toby Thomas, CEO of EnSite Solutions:

“A man riding a lion – people look at him and think, ‘This guy’s really got it together! He’s brave!’ And the man riding the lion is thinking, ‘How the hell did I get on a lion, and how do I keep from getting eaten?’ ”

Running a business is so much harder than it looks. The challenges can seem endless. Who is looking after you while you are looking after everyone else? Who do you have in your corner to help you win your fights? To find out if I can help, call Bill Ford on 07900 185 548 to set up a free exploratory chat.

The opportunity to take time out to reflect on current pressures and decisions in a totally confidential and supportive relationship has been invaluable and the resulting insights have considerably increased my effectiveness as a manager and leader.

- Bill Penney, MD, Ashton Penney Partnership Ltd

From time to time, even successful business owners will experience some or, sadly, all of the following:

  • Working insanely long hours
  • Sleepless nights staring at the ceiling
  • Waking up at 4am with your mind racing, and not being able to shut it off
  • Near-debilitating anxiety and despair about making the payroll this month
  • Emotional turbulence: loss of motivation, feelings of hopelessness, worthlessness
  • Eating too little or too much
  • No exericse
  • Not making time for loved ones
  • Being crabby when you are with loved ones or living in a fog
  • Never being able to relax

The latest research shows that when emotions are high, more blood flows to the parts of our brain that deal with threats to our survival. And less blood goes to the thinking, planning and creative parts of our brain. So strong emotions make it harder to think clearly, resist distractions and make connections – handy for solving problems. Sadly, when we need to think the best, we are actually at our worst. A good coach can help you perform at your best more of the time and reduce the size of the challenges.

 “I came to Bill Ford because I couldn’t work any harder in my role so I needed to find ways of working smarter to achieve my career goals. He helped me to understand how I needed to modify my approach to management.

The new skills I have learned have helped me to resolve a number of long standing business issues which have helped my business to become more successful than it would have been otherwise.

I am also working considerably fewer hours and have been able to introduce a better balance between work and personal life.”

- Simon Swetenham, Chief Executive, Swetenhams

” The overriding benefit was the ability to discuss, without fear of judgement, my inner feelings regarding myself and the business. This alone has justified the cost”

-          Barry Willmore, MD, LG Electronics

For the last 20 years I have experienced some of these challenges in running my own business as an executive coach and prior to that as a board member in a marketing role. I have written a book on coaching which is available in 5 languages and been featured in The Times, among other publications.

If you can see yourself running into these problems, call Bill Ford on 07900 185 548 to set up a free exploratory chat to see if I can help.

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