5 Ways you can Use your Anxiety to Further your Business

5 Ways you can Use your Anxiety to Further your Business

As a business owner or an entrepreneur, it is quite easy to find yourself constantly worrying about the status of the business. Will that deal fall through?  How can you take the business to a better level and the questions just keep building up?

It is absolutely normal to be concerned about your business, but what is not normal is when you allow this worry to get out of hand, to allow it control you. There will always be ups and downs in business but the way you handle it as well as the lessons you decide to take away from every failure is what determines the real success of your story.

Before we go further, let’s see what anxiety is. Anxiety can be said to be the feeling of unease with something that is usually not in your control, something that hasn’t happened yet or the desire for something to happen. When it comes to your business, it can be a good thing provided that you master and place it under your control.

Below are five ways you can use anxiety to further your business and get the best out of it.

Be Specific

Learning to be specific – that is having a well-thought plan for the specific part of your business that usually makes you anxious can go a long way to help you reduce or eliminate the constant worry that tends to be overwhelming. For example, if you know that getting new customers for your business always makes you anxious, try structuring how best you can achieve that and stick to it.

So let’s say you decided to use Facebook to advertise your business because all your potential customers are concentrated there and so are most of your colleagues. Once you have this sorted out, you don’t have to worry about people telling you about how many customers you are losing by not using Twitter.

You should know you can’t conquer every platform so it is better to concentrate on one and see how far you can go.

There is power in learning to say NO

Sometimes because you really want your business to grow fast you tend to want to make sure you please everyone. The whole responsibility of running the business is on your shoulder and you can’t just stop worrying about whether it will succeed or not.

You get a customer who is not easy to work with and you know the outcome is not going to add anything tangible to the business but you don’t want to get rid of them. So what if one deal goes wrong, it is not the end of the world and you should know that. If something is not important to your business, don’t be afraid to let it go.

This also applies to you doing extra work for a customer for a little less even when you really don’t want to. Your customers will understand when you explain to them as well as respect you more.

Stop aiming for perfection; Give it your best shot instead

You should know that in business, there is always room for improvements, you might spend a lot of time trying to make something perfect only to find out that you could have done better after the product have been launched. Aiming for perfection does not only encourage procrastination, it also prevents you from seeing and appreciating all the efforts you have put into the work.

Know that in life you are constantly learning and when today is not good, you always have tomorrow to revise and implement the solutions from yesterday’s failure. Your business will only grow if you give it your best shot all the time, not when you aim for perfection, as that can make you lose hope easily.

Practise mindfulness

You might be so caught up in trying to meet the final target you have set for yourself, let’s say like reach 1 million followers by the end of the year that you tend to not value what you have achieved so far. You worry about whether you can make it by the time the year end, forgetting about how far you have come.

Ask yourself every morning, what do you need to do today that will take you a step closer to your goal? And by the end of the day, evaluate yourself; check if you actually did what had to be done to take you closer to your goals. If you achieved your goals for that day, then well-done! And if not, you can always correct the mistakes and do better the next day.

Take a break

When everything is not going as planned, take a break, go for a walk or even read a novel. As a business owner you are probably doing more than full-time anyway, so a little you-time won’t hurt anyone. Your business will progress faster if you take time off to calm yourself and return more focused and energised.

Anxiety and business may be a hard combination to manage, but with determination and prioritizing important things over others, you can take your business to a whole new level.

IS MORTGAGE INSURANCE A BAD IDEA?

IS MORTGAGE INSURANCE A BAD IDEA?

Purchasing a property or getting into a mortgage agreement could be stressful due to the protocols involved, and banks have almost made it a tradition to attach mortgage insurance documents alongside other documents for the purchase or mortgage agreement. However, did you know that mortgage insurance is not exactly a necessity when one is involved in such transactions?  There are other alternatives such as straight life insurance and a few others.

Is mortgage agreement a bad idea?

Although mortgage agreement is an excellent way of protecting your property, you may want to reconsider using it as a means of providing safety for such asset after discovering this. The demerits of mortgage insurance;

•          It can be seen in the aspect regarding premiums: Here there is no distinction as to health condition, the standard of living of different individuals to provide discounts as every person pays the same amount as premium.

•          It is practically putting you at a disadvantage as in the long run while paying off mortgage debts, the value of its insurance benefit depreciates thereby making your efforts almost useless.

•          It puts you through the stress of having to take out new insurance when purchasing a new property or engaging in a new mortgage agreement.

•          It is unable to provide full coverage on such newly acquired property or mortgaged property.

•          Regarding the beneficiary which is the bank itself:  - here you do not have the opportunity of choosing whom you would like your recipient to be; In other words, you would not be able to dictate how the money should be spent, therefore exposing you to less financial security for you and your loved ones.

•          It is indicated through the terrible practice of underwriting whereby the bank would make decisions on whether  you are qualified for the insurance policy or not, and the cost of insurance is based on certain factors such as age, health and other pre-existing conditions.

•          Also from the unification of coverage whereby you would not be able to combine all your needs into one insurance policy as done in ordinary term life policies which saves money and other expenses arising from multiple insurance policies of each of those needs.

    

Insurance, in general, should not be done in case of an unplanned or shortened end, but also due to the possibility of specific unanticipated events which could occur in the long run such as diseases, illnesses, and disabilities. For you to be able to make the right choices, and choose the right insurance policies, it is advisable to contact an insurance agent who would provide a guide as to what is best for you in such circumstances.  Now to the question, is mortgage insurance a bad idea? It is left for you to answer.