Ever since the pandemic hit the globe, a lot of people lose their job because of the crisis in our economy. These people opt to start their own small businesses either as agents or resellers for a product or turn their talent and hobby into profits. However, handling a solo business might take a toll on your health and cause stress that can lead to more major health problems. There are tons of work to do and sometimes you are too busy to take care of your own health. Here are tips and suggestions for you to avoid stress while handling your small business.
Working Space’s Layout
All small businesses start with their own bedroom and that is more than okay. However, in making some arrangements in your bedroom, make sure it is a suitable place to have all your related stuff. The best way is to have one corner specifically that you can call your own small office. In this area, you may design it the way you like but highly recommended to design it as minimal as you can. Minimal things around your work area let your brain work faster as it doesn’t disturb your workload and creates more space for you.
This corner of the workspace also is recommended to be near a window. This way, you be able to let your eyes rest by watching nature outside. Also, if it is not disturbing, you may open the window to let fresh air comes into your bedroom. If in the case of an urban residence that is far from nature, you may set up a fresh plant on your table. This way you have both the green scenery and fresh air. But remember to only have one or two fresh plants and make sure it is situated in a place that doesn’t disturb your workflow.
Determining Your Product
There are so many DIY products you may learn to do and sell on your effort at home. However, to avoid long-term stress, choose a product that relates to your liking or hobby and with your own preferences. If you like to do bullet journals, sell some cute stuff that relates to it. In this way, you are killing two birds with one stone. Expanding your own collection of the bullet journal and making profits out of it. It is highly advised to choose a product that you would like to buy so that you will have two points of view when you are designing your product, as a seller and as a buyer.
You also need to make some research on the market’s demand. This might take some time for you to understand the market trend, however, for small business starters, you can literally start from what is viral these days through social media platforms. Social media plays a big role in setting up the trend in small business products. To lessen your burden, just use your own social media and scroll around to see what is the popular videos. You may also ask around your peers what are products they interested to buy. This is important so you wouldn’t lose your spirit after a few months and will always have the energy to continue on.
Managing Financial Matters
As a sole owner of a business, you would have to do everything from scratch on your own including managing the financial department. Fret not, managing your finance is actually easier than you think. Simply put aside your business capital when creating a new product and subtract it from your earnings, and then that’s your profit. To make your profit grows every month, try to maintain your business capital or find a cheaper alternative but with the same quality. With this, your product will have a stable quality with a cheaper option for business capital. So stop worrying and go take a break!
In the terms of bulk-selling subscriptions, it is highly advised that you put NET 30 payment terms for small business as one of your conditions. This is to avoid customers getting your products without payment and adding to your stress. Do not let your customer get away just because they are regular at your shop. Every ounce of your effort is a value in your business so make sure you got paid for every work you have done in growing your small business. Minimizing problems is also essential for all small business owners.
Arranging Your Schedule
This might be the hardest thing for small business owners to do but you need to schedule your own rest time and working time. You cannot expect your body can handle to working 24/7 just because your brain thinks you can. All bodies have a limit and you don’t need to overwork yourself to test the limit. Work and life balance are also important to small business owners.
Schedule your own break time between work as well so you can always catch your meal in between. Some people start to mess up their eating schedule with the excuse, they are too busy for it. That is definitely something we want to prevent you from. Money might give you temporary happiness but healthy life gives you extra years to live. Also, when you are healthy, it will lessen the risk of you getting sick and preventing you from taking leave and holding back your progress.
That’s it for our tips and suggestions on avoiding stress. For all the small business owners out there, we are rooting and wishing the best for you. You may find your own coping stress method while you are growing your small business and we hope you do! May all the tips and suggestions listed above help you to avoid or overcome your stress upon handling lots of workloads by yourself. Remember that your health is above everything and nothing is worth jeopardizing your health. Healthy owners result in more great products with more creative design and making your business more unique than the others. A healthy body equals a healthy mind.