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The Biggest Health Hurdles Entrepreneurs Face, and How to Combat Them

The Biggest Health Hurdles Entrepreneurs Face, and How to Combat Them

Take a guess at the most significant health hurdles entrepreneurs face. Common assumptions might be high blood pressure from the ongoing stress of the job, or maybe obesity from being too busy to exercise regularly. However, you might be surprised to hear about the health data researchers have actually uncovered while comparing entrepreneurs with the rest of the population.

We think of being driven, innovative, gutsy, and self-sustaining as typical entrepreneurial traits. We know that it takes a special level of commitment and continuous learning to get a business off the ground and keep it there. So with all of this effort pointed in one direction, it stands to reason that entrepreneurs might have a tendency to neglect their health (along with a variety of other things in life) to pursue the growth and success of their business. However, one poll by Gallup seemed to suggest just the opposite pattern – entrepreneurs tend to be even healthier than other workers – at least in the physical sense.

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study by Louisiana State University revealed an interesting pattern in a town that was heavily populated by small businesses – Summit County, Colorado. They found that as small businesses continued cropping up around town, the health of the community as a whole improved. Obesity, diabetes, and mortality rates all declined steadily, ranking at less than half the national average.

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entrepreneurs health

    While they may have a decent hold over their physical health, multiple studies have suggested that mental health problems are more common for entrepreneurs, and may even run in their families. In particular, self-reported rates of depression, ADHD, and bipolar disorder were significantly higher for entrepreneurs, while anxiety was just slightly higher. Businessman, investor, and successful tv personality, Robert Herjavec admitted to People magazine that he felt suicidal after his divorce, showing how even the richest and most famous business owners were subject to severe mental health issues.

    When considering the fact that entrepreneurs tend to have more freedom and flexibility than the average worker, you can see how they might have more time for exercise and healthy meal planning. Success in business requires a take-charge attitude, which many entrepreneurs seamlessly apply to their workout and dietary habits as well. However, they also tend to have much greater levels of responsibility and have more difficult decisions to make throughout the work week. Thus, the taxing aspects of running a business seem to weigh on the mind more heavily than the body.

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    Bridging the Gap

    What can be done to balance the current gap in mind-body well being? For one, entrepreneurs can lighten their load by simply asking for more help and support. Not only will this relieve stress, but it has also been shown to have a positive impact on the growth of a business. A study by Xero showed that “about one third of successful business owners reported asking mentors or family members for assistance. Meanwhile, among those whose businesses failed, just 14% reported asking for help.” Releasing some of the urge to handle everything and be in control can help entrepreneurs delegate tasks to other employees and develop trust. It will also free up some much-needed time to recoup from work activities.

    Entrepreneurs can also be aware of any obsessive compulsive tendencies like ruminating, overworking, and maintaining extremely high expectations. Ask any entrepreneur if they’ve ever dealt with perfectionism during the course of a project, and you’ll likely see a smile start to form. Such habits were reported as being more common in business owners, who are often self-motivated achievers by nature. Scheduling mandatory breaks at the same time each day can help prevent entrepreneurs from feeling powerless to these ingrained habits. Planning ahead properly and knowing what to expect is a huge stress reliever – keep a calendar or a to-do list to stay productive at work. If employees and managers know their objectives and their work schedule is clearly defined, they have a better chance of success. By directing some of that intense focus toward relaxation, expression, and self-care, entrepreneurs can break the cycle of mental stress and burnout.

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    Featured photo credit: Ed Gregory/Stokpic via stokpic.com

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    Last Updated on July 18, 2019

    How to Sharpen Your Transferable Skills For a Swift Career Switch

    How to Sharpen Your Transferable Skills For a Swift Career Switch

    Most people grow up with dreams to go to college and graduate with high-paying job offers waiting for them the week after graduation. Others may favor non-traditional career paths. But the desire is the same: to find a job we love where compensation is commensurate with experience.

    However, plans change. For instance, what started out as a dream to be a surgeon is cut short by a nasty injury and you’re debating how to transition into a new role. Or you might be facing being let go from your current employer and are anxious about “options out there.”

    Whatever the case may be, switching careers can be intentional or unintentional. What matters is that you’re well-prepared, and the only way to do so is to learn new skills — hone in on your transferable skills.

    Why Hone in on Your Transferable Skills?

    There are several reasons you need to develop these skills if you want to go far in life and your career. In a nutshell, honing in your your transferable skills can lead to:

    Better Job Offers

    Continuous assessment and improvement of your skills widens the pool of job offers for you to make selections from. You’re no longer tethered to one industry as you’re able to lead your career by design, not by default.

    People with transferable skills on a resume also open up opportunities for more potential employers.

    Increase in Pay and More Responsibilities

    You’ve heard the saying “with great power come great responsibility.” In your case, transferable skills make you more marketable to employers which could lead to pay raises.

    Although this isn’t an automatic process– you have to be proactive about what you want in the marketplace, there is a chance that these pay raises will come with change in titles and roles.

    A Shot at Entrepreneurship

    Yes, changing career paths also includes the possibility of working for yourself. With these skills and work experience, you could live anywhere in the world and design a life and career you want.

    We’ve talked about why you need to strengthen your transferable skills but what are some these skills, and how can you work on them?

    13 Tips to Sharpen Your Transferable Skills

    1. Update Your Resume

    You might be surprised to know this but yes, updating your resume is a skill. The very first thing you should do while thinking about switching careers is to highlight attributes that make you very desirable candidate to employers.

    Think about your volunteer experiences, freelance projects, and school projects. Although they might seem insignificant, they demonstrate your ability to deliver results that several companies are looking for.

    While you might have held several positions since college, switching careers will require you to have a different type of resume.

    There are three different types of resumes: functional, chronological, and a combination resume. However, if you are looking to switch careers you’ll want to have a functional resume. A functional resume is strengths-based that emphasizes skills that are transferable rather than a collection of dates and job titles.

    2. Brush up on Your Communication Skills

    Every attempt to get ahead in business and in life starts with the need to communicate effectively. Whether it is interpersonal, intercultural, or multi-generational, the ability to be seen and heard while respecting the boundaries of work relationship matters.

    That’s why it’s one of the top skills you need to master. Strong communication skills allows you to effectively tailor your messages to specific audiences, which will make you a stronger asset to any organization.

    To hone this skill:

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    Pay attention to your listening skills. To communicate effectively, you need to first learn how to understand others.

    Your ability to decode overt and implied messages, no matter how nuanced they are, is key to knowing how to foster deep relationships with others.

    This article can also give you effective ways to enhance your communication skills:

    How to Master Effective Communication Skills at Work and Home

    3. Learn Technical (or Business) Writing

    Another form of communication, writing, is a skill that can take you anywhere.

    Companies communicate a lot through written memos, emails, newsletters, and other audio-visual means. But at the crux of this all is someone or some people who are tasked with translating the organization’s vision into statements anyone can understand.

    To hone this skill:

    Consider taking some free or paid classes online. You can accomplish this through several community colleges or online platforms like Lynda, Udemy or edX .

    4. Practice Public Speaking and Presentation Skills

    No matter how intelligent you are, no one will take you seriously if you’re unable to pull off a decent level of persuasion through presentation skills.

    Most presentation can be done through either electronic devices or require your physical presence. Your chosen career may require you to be in front of several hundreds of people or you could be charged with developing materials for presentation.

    To hone this skill:

    Volunteer to lead projects that give you some responsibility for putting together presentations.

    Also, try taking courses that will improve your public speaking skills if you feel lacking.

    These tips on public speaking would be helpful too:

    The Ultimate Public Speaking Tips to Hook and Impress Any Audience

    5. Get Comfortable with Identifying Problems and Solutions

    Every organization has got its problems no matter how greener the grass is on the other side.

    How to hone this skill:

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    Practice being resourceful.

    Do you know where to find every company policy on the intranet in less than five minutes?

    Think about a time you noticed some inefficiency at work and proposed a solution. Think about instances where you lent your voice to a cause which resulted in improved processes for your department.

    No matter how small or inadequate you might feel, you’ve got some problem-solving skills that some organizations want.

    If you look for more ways to improve your problem solving skills, take a look at this article:

    6 Effective Ways to Enhance Your Problem Solving Skills

    6. Recognize Your Team-Building Ability

    Your ability to smoothly switch careers also depends on how well you can energize your team, especially if you’re aiming for a leadership role. Unfortunately, team-building usually isn’t something you learn on the job in most careers unless you hold a managerial position.

    The good thing is that you possibly know one or two things about team-building. Think back to moments in college when you had group projects with colleagues and had to work with 3 to 4 other strangers for months. Were you able to get past your differences and disagreements to focus on the uniqueness of everyone at the table?

    Making a career switch might require that you work with multidisciplinary teams whether you have a deep knowledge of what the other team does or not. I can easily think of doctors, nurses, physical therapists, and social workers working closely to achieve the goals in a patient’s care plan.

    How to hone this skill:

    Look for collaborative projects and team building activities that excite you and challenge yourself with new possibilities.

    Try some of these tactics to keep your team motivated as well:

    17 Proven Tactics for Motivating Employees and Building a Stronger Team

    7. Lean into Your Leadership Skills

    Although similar to the previous point, leadership skills extend far beyond building teams, managing time sheets and correcting behavior.

    What I’m referring to here is your ability to develop a vision, believe in it, and inspire buy-in from everyone involved. This isn’t about knowing how to run a particular machine; it’s about how to lead a team of people with various backgrounds, experiences, and ideas of how things should be done.

    How to hone this skill:

    Although more complex than the rest, it all starts with an introspective look into your strengths and weaknesses. Then get a mentor or a coach who can bring out your leadership qualities so you can operate from a place of strength.

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    Learn more about the effective leadership types here:

    5 Types of Leadership that Help You Build a High Performance Team

    8. Improve Your Analytical Skills

    Are you good at taking large amount of data and interpreting them? Your skills could come in handy.

    Organizations are looking for people to make sense of the data around them, explain how it affects profitability, and make projections based on it. Best of all? You don’t need to be an accountant to be analytical.

    How to hone this skill:

    Try taking data interpretation classes online or at a community college. Learning Microsoft Excel or Access is also a plus. If you’re ambitious enough, you could consider getting additional certifications to up the ante.

    Take a look at these ways to help sharpen your analytical skills:

    What Are Analytical Skills and How to Strengthen Them For Success

    9. Don’t Discount Your Time Management and Prioritization Skills

    How good are you when it comes to deciding how important tasks are, organizing schedules, and coordinating plans?

    Should you be willing, there is a market waiting for you out there. Organizations and busy executives are always looking for talented individuals to outsource these tasks to.

    How to hone this skill:

    Although not everyone possesses secretarial superpowers, you can improve this skill by focusing on taking huge tasks and breaking them into smaller goals or steps in order to achieve a bigger goal.

    Here, you can learn to prioritize to achieve more:

    The Ultimate Guide to Prioritizing Your Work And Life

    10. Embrace Your Creative and Critical Thinking Side

    Although it’s often believed that creativity is for the arts and right-brained people, I believe everyone is capable of being creative. In fact, most organizations recognize creativity as a vehicle that will drive successful inventions in the future.

    How to hone this skill:

    Try doing something fun. As simple as this sounds, you’d be surprised to learn how much. In fact, behavioral and learning scientist, Marily Oppezzo, says taking a walk might be all you need to get your creative juices flowing.[1]

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    Anyone can be creative, you just need the right way to train your brain:

    What Is Creativity? We All Have It, and Need It

    11. Don’t Stop Learning Tech Knowledge and Skills

    Being tech-savvy is a huge plus. If you have an affinity with computers, software applications and are abreast of technological improvements, it is a transferable skill that is worth highlighting.

    You don’t have to be a young college graduate with silicon valley dreams to work

    How to hone this skill:

    All you need is the determination and the readiness to learn. This article will give you some ideas on the types of skills to learn:

    How to Improve Your Computer Skills to Get Ahead in Your Career

    12. Build Networks and Relationships

    You aren’t free from networking. Not at the moment. With your goal to switch to a different career, your networking skills will come in handy.

    Fortunately for you, networking doesn’t have to be so hard.

    How to hone this skill:

    Attend conferences and job fairs. Chances are you already have people in your network you can move you closer to your dream career.

    To enhance your networking skills, take these steps:

    How to Network So You’ll Get Way Ahead in Your Professional Life

    Final Thoughts

    Although there are several people with the same qualification and degree(s) you possess, what ultimately determines hireability comes down to a myriad of things such as culture fit, how teachable you are, cultural sensitivity, inter-generational awareness, and your ability to navigate uncertainty.

    You have a chance to stand out by letting your dream companies know how these soft skills make you an invaluable asset, and how saying ‘YES’ to you is a win-win for both parties.

    Happy career switching!

    More Resources About Career Advancement

    Featured photo credit: Unsplash via unsplash.com

    Reference

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