Is Your Startup Killing It (Or Killing You)?

Tom was an ambitious young entrepreneur. He started a successful tech company in the healthcare industry — an object of envy among his business peers.

Despite all the admiration, Tom was under a lot of pressures. Working from 6 am to 10 pm on a daily basis started to take its toll. He came home physically and mentally tired, but his brain could not stop working. Constant worry and stress gave him terrible insomnia. Tom realised his health was getting worse. He lost his appetite and survived mostly on black coffee and toast.

There were times when Tom had suicidal thoughts. His mind was clouded in darkness, and the air felt dirty; it was difficult to breathe in.

But his success mattered more than anything else.

He kept going in denial of his fractured sanity.


The Stigma

Have you ever heard of the phrase ‘Founder Depression’?

Founder depression looks a lot like a typical depression. Sadness, loss of interest, lack of energy and constant fatigue.

Sounds familiar?

Look it up, it is real, and it is happening. Maybe you have experienced it yourself. Perhaps you have seen someone else going through it. What you might not expect is the following. Founder depression can happen regardless of whether the startup is a success or not. According to research, entrepreneurs are 30% more likely to experience depression than their nonentrepreneurial counterparts.

Starting a business is stressful. It is the constant networking, cash flow pressure, lack of sleep, customer problem, product failure, staff issues, long hours and so on. Interestingly, despite the enormous stress a founder is under, none of them seems to talk about it much. Ask any founder about his or her business. I bet you; the answer will be along the line of: “I am killing it”.

It seems like there is a stigma attached to founder depression. No founder wants to look ‘weak’. And often they are willing to sacrifice their sanity for that. It is almost like a badge of honour, to be under enormous stress.

The Spiral

A startup is essentially a combination of people and process, driven by its founder. While it seems like the founder has the ultimate control of the startup, it is not always the case in reality. There is a web of responsibility and accountability among founders, investors, staffs, and customers. This intricately interconnected web often puts the founder in a difficult position.

Should the founder allocate resources for the wellbeing of the staffs? Should they pursue new product development? Should they start to penetrate the market now?

And so the initial drive leads to stress, which if not managed, then turns into depression.

“Your face falls. Perhaps you cry. You feel worthless. You wonder whether it’s worth going on. Everything you think about seems bleak — the things you’ve done, the things you hope to do, the people around you. You want to lie in bed and keep the lights off. Depressed mood is like that, only it doesn’t come for any reason and it doesn’t go for any either.” — Aaron Swartz, Reddit co-founder (Aaron tragically committed suicide in 2013)

But the stigma attached to founder depression often prevents founders from opening up and getting help. The inability to get help will lead to further depression, and the downward spiral continues.

Breaking down depression starts by breaking down the stigma.

Breaking down the stigma starts from within. It is the mastery of self that allows us to look weak and vulnerable without feeling insignificant.

The Safe Place

It requires enormous strength to open up about our weakness. We don’t just approach a stranger and start sharing our deepest fear. We need a safe place. We need a place to be us, to be humans that hurt and bleed like mere mortals. Only then we can crawl our way up. Slowly recovering and rebuilding our strength.

The safe place is difficult to find. Yet without it, founders are often reluctant to open up. Before they let their guard down, they need to be sure they won’t be taken advantage of. Opening up requires deep trust and in the world of dog-eat-dog where do you find trust?

The safe place is difficult to find indeed.

The good news is, the safe place does exist. The safe place can be a family member, a close friend, or even a mentor or coach. The bad news is, you need to look for it. The safe place is not hiding, but it is not actively looking for you either.

Once you find it, keep it, and care for it, for it is a rare find.

It is a place where you find the strength to be vulnerable and the inner peace for reflection and recharge.

The Courage

There is a limit to the founder’s ability to withstand constant stress and depression. He or she might have found a safe place to refuel. But still, once the limit breaks, a massive depression will set its foot in the founder’s heart.

It is a moment of courage. It is the time for a tough decision. Founders need to choose one of two things, keep going or admit defeat. Both require a tremendous amount of courage. It takes courage to keep going knowing your sanity is on the line. And it also takes a lot of courage to admit failure and defeat.

There is no right or wrong answer here. Only the founder knows the answer, for only he or she knows the sacrifice that comes with it. The founder has no choice but to endure the agony that comes with either of them.

Whatever it is, a choice must be made. And it is only within the founder’s heart that the ultimate choice can be truly decided.

Only you, the founder, knows if the startup is killing it, or killing you. The real question is, what are you going to do about it?


“Running a start-up is like chewing glass and staring into the abyss. After a while, you stop staring, but the glass chewing never ends.” Elon Musk


As published in The Startup: Is Your Startup Killing It (Or Killing You)?

The Baby, The Ladies and The Workshop

I stepped into the production room, and this giant cutting table immediately caught my sight. It had a heavily worn metal ruler fixed onto one of its edges – such a workhorse.

We acquired this company in 2010. My wife wanted to get into something creative. Curtain Witchery was a small scale curtain manufacturer. It employed nine ladies with almost a hundred years of curtain making experience between them.

The previous owner could not cope with the demands of running a small workshop. Hence, we bought it cheap. It was almost too good to be true. We fell in love with it, with a romantic idea of running a busy workshop, creating arts.

“I cannot believe it,” my wife said to me.
”It’s ours now,” I replied.
“Yup, it is.”
”Are you ready for the big opening tomorrow?”
”Not really.”

Our first few weeks there were slightly confusing with a steep learning curve. There were times that Eve would call headless-chicken days. I figured out that she was talking about herself. She was the chicken. The other ladies, they were fearless witches.

”How do you all manage?” Eve asked Marg, one of the ladies. “There are so many things to do.”
”We just keep working I guess,” Marg replied.
”Well, in that case, could we skip morning tea today?”
”No, sorry ma’am, no morning tea, no work.”

I am telling you, those ladies, they might have been old, but they were fierce.


”You’re pregnant?” I could not believe my ears. “But we only just bought the business! How are we going to cope?”
”Well, I don’t know,” Eve said. “We’ll figure it out along the way I suppose.”
“Oh, I am sorry dear, it didn’t come out right,” I said. “I love you, and the little baby in your tummy too.”

Luckily, things did get easier in the months following our little pregnancy discovery. We figured out a better system to run the workshop. We had indeed become one of the curtain witches.

”This is your second child, right?” Liz, one of the ladies, asked Eve.
”Yes, it is,” Eve replied.
”Busy days ahead, Eve.”
”I know, I know,” Eve smiled.
”Hubby can help I’m sure of it,” Liz smiled back.
”O yes he will,” Eve said confidently.

Well, nine months went quickly, and it was time for baby girl to be born.

”Tomorrow is the day, you will be induced,” I said.
”I know,” she replied.
“Nervous?”
”Yes.”
”Me too.”

We came early in the morning, the doctor was ready, and it was supposed to be an easy procedure. It would have been a lovely morning if that phone had not rung. Jane, one the ladies, had decided to ring at that exact moment.

”Hello, yes, Eveline is giving birth, yes, right at this moment!” I said on the phone. “What? You’re worried about not getting paid overtime?”
”She is giving birth now, can we talk about it later?” I growled.

I could not believe it. I knew I should not have picked up that phone. I did not know what had gotten into me. I mean who picks up a phone when his wife is giving birth?


”Have you slept?” I asked Eve as I saw her wide awake on the hospital bed.
”She looks like a Natasha,” she replied.
”Really? Natasha sounds mysterious.”
”No, she is Michaela,” Eve then decided.
”Michaela sounds more like her,” I said.

Eve and Michaela spent a few more days in the hospital, adjusting to the new routine. She did not sleep much which worried me.

”Your baby is so cute Eveline,” Linda our workshop supervisor said.
”Is she our new assistant?” Marg said.
”Yeah, she will be fine on the cutting desk,” Jane smiled.

Everyone seemed to enjoy having Michaela around despite our never-ending jobs.

”How are you coping with Michaela in the workshop?” I phoned Eve from my office.
”It is a challenge, but we’ll manage,” she said confidently.


”What? Linda had an accident?” Eve was panicking.

Linda, our supervisor, had an accident in the workshop. She fell over a roll of fabric and hurt her left arm. Her old age did not help either as the doctor said it would take at least three months for her to recover.

“She cannot work for three months?” I asked Eve. “Who is going to cut the fabrics? Who is going to supervise the ladies?”
”Well, I guess I have to fill in for the next three months then,” Eve said.
”Ohh, you will be very busy, and tired too.”
”It’s only three months, we’ll manage,” she said.

The following three months were some of the busiest time we ever had in our lives. Some days got worse when Michaela decided to cry at 3am. Why, o why, would you cry at 3am little girl?

”Sorry hunny, I have to go super early this morning,” Eve said to me on a Monday morning. “Can you help prepare Kiera for school? I’ll bring Michaela with me.”

Eve had been coming earlier to the workshop to get more things done. In the meantime, I tried to help by doing my bit to take care of Kiera, our eldest child.

”Hi, are you still there? Do you need help?” I called Eve as it was getting a bit late at night.
”Yup, still here, I need to stay a bit longer to finish a job,” she said.
”Ok, I’ll make dinner then, Kiera said she wanted fried eggs,” I replied.
”Are you sure you’re ok?” I asked again. “I can hear Michaela crying.”
”Yes, she cried because I took away the fabric she was chewing.”

Eve came home at 11 pm that night. Michaela was already asleep in the car. I carried our baby girl in and put her in her little cot. Eve went straight to the bedroom and slept.


”Hunnnyyyy! Linda is back!” Eve said with her smile wide open.
”Oooohhh … thank God,” I said.
”Yes, the storm is over,” she replied.
“Wow I cannot believe it, she’s back.”
“Believe it, she is.”
“How are you feeling?”
“Relieved,” she smiled.
“Hah .. same here” I smiled back.

Linda was finally back at the workshop. She recovered well. The doctor put some kind of metal connector to strengthen her bone. We called her the Iron Lady from that moment on.

Everything was back to normal and no more late night work, yay!

”It’s a good day today,” I said to Eve while holding Michaela in my arms.
”Yeah, look at her cute face,” she replied, trying hard not to smooch her.
”She cries a lot, but her face is so adorable.”
”Aha .. with that face she would get away with many things.
”It was a hard few months, it was not perfect, but we made it,” Eve said slowly.
”And we’ll do it again, and again, and again.”
”Yes, together,” she smiled as she was holding my arm.


“Juggling work and parental responsibilities is no easy task, but I’m trying my best, and just like everything else there are good days, and there are bad days.” — Ali Landry

Failure Is Not The End

“Haha, an extra $350 is not bad at all,” I was talking to myself. ”All I have to do is change the purchase date.”

I owned a Telco Agency franchise that represented some of the biggest Telco companies in our state in Perth, Australia. Our franchise group was so dominant that customers often received better deals to purchase the latest mobile phones from us than if they dealt directly with the Telco companies. We pretty much ruled the market.

We started with one franchise and moved on to add another two. Life was good. It was even better when I figured out how to get monthly bonuses simply by .. changing the purchase dates.

”Fred, how did you do that?” Anton, another franchise owner, was wondering. “You have been getting the bonus for 3 months in a row now.”

”Well, our sales staffs are very hard working,” I said to him.

”I need to steal a few of them from you,” he said jokingly.

”Yeah, you can try, they are loyal to one person only, me!”

”Haha, we’ll see about that,” he smiled.

Anton was not going to steal anyone from me. His sales staffs were twice as good as mine. He was one of the best franchise owners I knew. He knew the industry well and he was such a good leader. Sometimes I wished I worked for him.

Being a not-so-honest franchise owner, I tried to find other ways to maximise profits. So I learnt the system and every now and then I found loopholes. The latest one being a simple change of dates that would magically improve my monthly sales to ‘earn’ bonuses.

***

’Sorry, your account has been deactivated’ – a message suddenly appeared as I tried to login into the franchise network.

I didn’t immediately make the connection. I thought it was a system error. It was not. My account was disabled. They figured it out. My ‘creativity’ had been found out.

The weeks that followed were full of drama. I was fined and given a warning. They let me off easy because I had a good record as a franchise operator. I learnt my lessons though, no more changing dates for the bonus.

”Well, we got our agency back,” my wife said to me. “Please try not to cheat the system again.”

”Yes dear,” I said, feeling down.

I worked so hard after that incident. I needed to prove my ability to build the franchise without resorting to dirty tactics. I had to redeem myself, reclaim my self-respect and push away any self-doubt.

It was amazing how an embarrassing incident could turn things around so spectacularly. Maybe it was not so bad after all. I found my strength at the bottom of the valley.

***

”Did you hear?” my wife was panicking. “The Telco master franchise has lost all of the major Telco accounts.”

“What do you mean ‘lost’?” I started to panic myself.

”Lost as in the big Telco companies are not selling through us anymore,” she tried her best not to faint. ”We are left with small players.”

”It is barely enough to cover rent,” I said.

”I know!”

”So what are we going to do?”

”I don’t know!”

It did not take long before we started to feel the pressure. Small Telco companies typically tried to dominate certain corners of the market. All of their products were tailored to a very specific slice of the population. A great example is an unbreakable (but ugly) mobile phone designed specifically for the construction workers. It was hard to sell their products to the general public that visited our shop.

Making things worse, those big Telco companies started to open up their own shops competing directly with us. So tell me again how we were supposed to survive? It was impossible. Our sales dropped by more than 70% within a short period of 6 months.

I lost my ability to think clearly. I just wanted to stay in bed all day, staring at the ceiling. I was a zombie.

We were part of a small community group called ‘connect’. There were four to five families in each group. The idea was so that we could support each other. Honestly, I never thought much of it. In fact, I always hated going to this group. “Such a waste of time,” I always thought to myself.

“How are you coping, my friend?” Simon our group leader asked me.

”Not good Simon,” I said quietly.

”Come, let’s have a chat, I’ll make you tea,” he said. “We have a few minutes before the others arrive.”

I have to say, it was such a joy to be able to pour out my heart to someone else without being judged. Simon was such a great listener. He was so genuine. He didn’t say much, he just nodded, smiled, asked questions, and most importantly he was there for me.

That night after talking to Simon I went to bed with a lot in my mind. I knew I had to do something, I couldn’t just wait to be slaughtered by big telcos. I needed to find the strength to move on. You know how some people say it takes courage to start? Sometimes it takes a lot more courage to stop and let go.

I had been a franchise owner for more than ten years. It was a part of me, it was my identity, and I was about to let it all go. My mind could not get into gear. I could not comprehend the situation because I had never been in that situation before. How, what, why?

”We have to make a move,” I said to my wife in the morning.

”Yeah, I have been thinking about it too,” she replied.

”I’m not sure I’m ready for this,” I said.

”I’m not either,” she whispered. “But I feel like there is no other way.”

”I cannot do it,” I said to her.

”We’ll do it together.”

I felt like a failure, I felt defeated. The business that I was so proud of. The success that I built with sweat and tears for more than a decade. It was not fair. I did not have a fighting chance.

***

“Well, we’ve done it,” I said to my wife. I had a million things happening in my mind.

”Yup, no more Telco Agency” my wife replied. “Are you ok?”

”I’m .. I guess, yeah, I’m ok.”

”Are you excited?”

”In a way, I actually am.”

”It’s been a long 7 months,” she whispered.

”Yes, a very long 7 months,” I said quietly. “I thought we would never sell it.”

”But we did,” my wife smiled again.

”Yeah, we finally did.”

”Don’t think about it too much,” she said. “Let’s just leave it all behind.”

”I know, I just feel like an era is over.”

”Yeah, that is true.”

”Well, we can, however, start something new,” I suddenly felt much better.

“Yes we can,” she smiled again. “You can now do what you have been wanting to do in the last 3 years – life coaching.”

”I know …” I started to feel my smile creeping back.

”Come on, we have talked about it.”

”Yes we have, and now I really can, I really really can!”

“You can,” she said. “Remember what you told me 7 months ago?”

”What?”

”Failure is not the end,” she looked at me with her most beautiful eyes.

***

”Failure is not the real end, it can be the beginning of your success story.”

I just want to lie down…

Forget five-star travel and the hotel life; when it comes to holidays as a soloist, Fredy Namdin prefers the simple things in life.

 

Back in the days of my corporate years, me and a colleague of mine often talked about holidays. These discussions spanned from possible holiday dates and destinations, to all the different food and drink we would enjoy during the trip.

We strategised about the best possible ways to capitalise on these holidays.Should we take it before Christmas? After New Year? Or maybe mid-year?

We took into account costs, the best weather, airlines, any special events, and so much more. It was almost an obsession for us.

I started a company more than ten years ago. Well, we acquired it but in my defence the company was in a very risky position, one bad move and there would be nothing left. We did quite a turnaround to make it into a strong and healthy business. And boy it took time to do that. I never knew acquiring a business could take so much work.

As with other businesses, things were never smooth nor stable for long. We experienced highs and lows, joy, heart break, excitement, and many other indescribable feelings.

“I just want to lie down on the sofa, relaxing, with a cup of coffee in my hand, and the most delicious Scotch Finger biscuit by my side.”

We worked so hard for the business (especially in the first few years). I remember those nights when the kids would sleep in the car because we had big orders to fulfil the following day. The worst was when the phone rang in the afternoon with an urgent request, and we knew we had no choice but to abide, because it was one of our major customers – another all nighter coming through. Who said owning a business means answering to no one? We quickly figured out that we were answering to more than 500 people (read: bosses). And these ‘bosses’ could be more demanding than our corporate bosses (not always).

Nevertheless we were happy. Things turned around and we made good money. We started to improve (increase) our spending. A new car, a new house, even a new coffee machine. Life was great.

“Hi Fred.” Eddie said to me. ”How have you been?”

“Hi Eddie, what a surprise. Well, I am doing good, man,” I said.

Eddie is a friend from my previous life. He is the one I discussed holidays with back in my corporate days.

“Where are you working now,” Eddie asked.

“I run my own company.” I replied to him. “We distribute industrial products.”

“Wow, I remember back in BankEast you always wanted to have your own business,” Eddie said.

“Yeah, it’s a dream come true.” I said, trying to remember what I really said to him back then.

“Congratulations man.”

“Thanks, what about you?”

“I work in South Bank Institute now.”

“Sounds like a good place.”

“Yes it is, and guess what, we are going to Bali again this year.”

“Again?”

“Yup, the third time this year.”

‘Third time?”

This guy is so lucky, I thought to myself. I haven’t got the time to do all these holidays this year.

“Ok Fred, I need to rush,” Eddie said. “It’s great bumping into you.”

Despite our best effort we could only take holidays during Christmas and New Year. That would be around 10 days per year. We compensate this by making it in such a way that we only work short hours during the year. Practically we structured the business around our kids. We want to spend time with them so we work short hours but somehow we end up with only 10 days break per year.

In all honesty, I never thought about it before meeting Eddie.

It’s not like we need multiple holidays anyway. Ten days break is long enough – or so I thought.

But I just couldn’t let it go. Eddie gets to take multiple trips to Bali and I am just stuck here in the warehouse? What a crappy lifestyle I have now. Surely there must be something I could do to make my life a bit better?

As I drove home I was reminiscing about the time when I too was able to take multiple trips per year. What a great life it was. I remembered the cubicle where I sat. Eddie was sitting just across my desk (hence we talked a lot to each other). The best part was in the morning when I would use the company’s coffee machine to make my delicious morning coffee. Lunch was not too bad as sometimes we had to rush things, especially when there was a big tender due.

Big tender, what a nightmare.

I must have made more than 1000 spreadsheets over the course of my career as an analyst. Oh yeah, and those headaches, splitting headaches. I was consuming pain killers like candy. I had a box or two on my desk and took two tablets per day. If I kept going the way I was maybe I could purchase them at wholesale price based on the volume I went through.

And my boss, OMG, she was the most discriminating, intimidating, back-stabbing $%&6%^.

You know what, maybe I don’t need those holidays.

Life is good as it is now.

We are happy, our business is growing, the wife is happy (very important), and I have my own coffee machine at home (also very important).

You know what, I have a great life.

It’s simple, not glamorous, albeit it’s the best for me.

I just want to lie down on the sofa, relaxing, with a cup of coffee in my hand, and the most delicious Scotch Finger biscuit by my side.

That’s all I need.

I just want to lie down.

By

— as originally appeared on Quora and FlyingSolo

I Was Blind, But Now I See

You know that feeling when you could not do the simplest thing in the world like putting the correct address? Well, guess what, we had three returns this week, all due to the same mistake: wrong address. The worst thing was, of course, it was all my fault.

I didn’t normally do this. It was not in my nature to make mistakes.

They used to call me ‘the machine’ back in Dog Swamp Distribution. I was so good even my supervisor started to doubt himself.

There was something wrong somewhere. I knew I needed to fix it. We could not afford customers missing their goods all the time because of my stupid mistakes.

“Hello?” I answered the phone.
“Hi, is this Fred’s Industrial Supplies?” the voice from the other end said.
“Yes, hi John,” I replied, recognising the voice straight away.
“Fred, how have you been?” he said.

John didn’t normally say “how have you been”, so something was wrong (again), must be my lucky day.

“Look, we have just decided,” John said.
“Decided .. yes?” I said nervously.
“O look, I feel bad, honestly, but we have decided to use another supplier,” John finally said. “I felt like I had to tell you directly.”

My senses were frozen. I wanted to say something but all I could gather in my head was silence. It was cold, dark, and just silent. I felt nauseous. I felt sick.

John was my biggest customer. His company contributed about 30% of our revenue. His departure was a major shock to me. Well, to be honest, it was not like he didn’t give us any warning. He had been telling us how we should review our pricing. I didn’t think it was that serious. I guess I was wrong. But I couldn’t be wrong, I knew what our competitors were selling at and we matched them, we matched everything.

“John, are you serious?” I said. “Can we talk about it?”
“We have talked about it, Fred,” John said. “You just didn’t listen.”

I was disappointed and angry. That was the moment when I decided that I couldn’t rely on my existing customers. I had to do something. These ungrateful people just kept disappointing me. I gave them the best services ever, the best prices, and the best of everything. And still, they went behind my back and left for useless competitors.

I kept myself composed and said my final words to John.

“Alright John, I get it. Well, let me know if you change your mind then.”

I made a commitment to myself that I would work harder than ever to get better customers. I would not let this incident destroy me. It was time for me to shine. At least that was what I had in mind.

I spent the following months trying everything I could think of to promote our products. I did land new customers. Some of them were pretty good customers too. I knew I could do it. There was nothing stopping me now.

But still, none of them was as good as John. These customers were ‘smallish’. They were like insects, while John was like a whale.

I tried harder. I went around door knocking. I called up potential customers for meetings. I mailed hundreds of sales materials. I faxed promos to everyone I knew would be interested. I did everything I could think of. I landed few more customers, but they were all ‘smallish’. All of them combined were still nothing compared to John’s purchases.

And in the meantime since John’s departure, we sank deeper into financial trouble. Losing 30% of revenue was not an easy matter. I cut cost everywhere I could think of. We even started to turn off the air conditioning during the day to save electricity. We let go everyone except Sam our loyal delivery driver. He agreed to take a pay cut to help us a little bit.

We were desperate. We were on the brink of bankruptcy.

There were times when I didn’t want to go to sleep because I knew I would wake up in the morning to face my nightmare all over again.

I would drive to work contemplating whether I should keep driving or going back home.

“Fred, this is Sam,” Sam my driver called me.
“Yes, Sam?” I said.
“I’m so sorry, I know you don’t want to hear this,” he said.
“What is it?” I said. My heart started to beat faster.
“I have been in an accident,” Sam replied. “I am ok but the van was damaged, badly.”

I felt the cold again, this time I could feel it creeping into my bones. I felt like a dark cloud was hovering around me. I could not say anything. I was just staring at the traffic.

“Fred, I am so sorry,” Sam said. “I will help to pay for the damages. I know things haven’t been easy for you.”

I didn’t say anything. Sam hung up the phone. It wasn’t his fault but he felt guilty nevertheless. He did end up paying for the insurance excess though. He resigned immediately afterwards.

We were out of whack for few weeks while the van was fixed. I ended up using our family car for delivery. We were lucky because we had a big family car. So we managed to fit quite a good volume of items into it.

My wife joined forces to mind the phone while I went around doing deliveries. She was very good with the phone. It was in her nature to build conversations. I had to say, I never knew she was that good.

Due to my activities with delivery, I got to meet with a lot of our existing customers. I didn’t use to talk to them because I was too busy trying to get new customers. This gave me refreshed perspectives.

My customers never said it but I could see they appreciated my efforts to stay afloat. Some of them even offered me cold drinks on hot days. I began to build great relationships with them. I never knew they were such a good bunch of people. I always thought of them as ‘smallish’ customers that I couldn’t care less. Boy, I was wrong. I was so wrong.

I guess there were a lot of things I didn’t know about them.

I began to really care for them, walking the extra miles when they needed help. There were times when I would do express delivery within the hour if I knew they needed the goods urgently. Some other time I would drop my prices heavily because I knew they also had difficulties with their own businesses. I thought it was important if we could weather the storm together.

My customers started to support me more. They gave me more business and they referred me to their friends. I could not thank them enough for their generosity.

John never came back to us, but we survived.

I looked at myself differently now. I thought I was so good that I could never make mistakes. Well, I did, a lot of them. I just didn’t realise it. I thought I was above my customers. In reality, I was beneath them. They were the ones who supported me during tough times.

They were the ones who gave me a second chance.

When that phone rang a few months ago, I was devastated. I couldn’t believe how unlucky I was. I was wrong. It turned out to be the luckiest day of my life. It was the day my life was about to change. What I thought was the lowest point in my life turned out to be the highest point.

I went through hell to see heaven.

But it was worth it.

I was blind, but now I see.

 

 

 

The Hidden Price of Entrepreneurship

What is one of the most common characteristics amongst business owners? Is it ‘hustle’? Or ‘street smart’? Or ‘charisma’?

Well they have all of that, with different degrees of sophistication.

What about ‘drive’, ‘passion’, ‘hard work’?

Yeah these too.

Now there is one thing you and I have not thought a lot. And most of us would not readily admit it. This particular characteristic is commonly shared amongst business owners.

This is the dark side of entrepreneurship.

It’s ‘anxiety’.

Entrepreneurship does not come without its price. It is a constant battle in your head, constant worry and constant stress. Business is the ultimate sport, not physical nor intellectual. It is the ultimate 24/7 mental sport.

And it is mentally draining (very).

When we work with struggling business owners, we don’t just turnaround their business. We also turnaround the person. These owners are the ones who need to wake up the following morning to face their nightmare all over again. It doesn’t matter how good our turnaround strategy is, without them in their right mind nothing good will happen.

Have you bled throughout your entrepreneurial journey? Have you got your battle scars? We all have, and these marks, these scars, they are to forever remain within us. They have affected us, shaped us, turned us into who we are. Are we sane? Are we normal? Are we mentally strong? Or are we depressed, stressed, burnout?

Anxiety is real – that is the hidden price of entrepreneurship that no one is talking about.

Please remember that you are not alone. Find a support group, talk to someone. Admit that you feel weak and you feel anxious. In fact, talk to anyone, maybe those that you meet at coffee shop (or bus stop). Just being able to tell someone else will ease the pain – trust me.

Get another person to be your accountability partner. You need someone else to watch over you.

Do not go it alone.