Tuesday, February 25, 2020

Managing Stress


Vusi Thembekwayo makes the point that if you can’t take leave because your business stops, you aren’t an Entrepreneur, you are Self-Employed. We glamourize Business Ownership, but part of running a Business is coordinating the efforts of others and smoothing their experience. Taking on the stress. Holiday leave. Sick leave. Maternity and Paternity leave. A regular paycheck. Security that if a reasonable job is done, it should be hard to ask the person to leave. Self-Employment means you end up needing to provide those benefits to yourself. You need an Engine or a Buffer to do that. For Businesses, this means a strong Balance Sheet (Capital not just Debt) and good Cash Flow (Money there when it is needed). The ability to weather difficult periods, and discipline during the good periods. If the underlying creativity is there, with patience and time, endurance and resilience increases. The stress doesn’t disappear. It is managed.



No comments: