13 Tips for Reducing Stress While Growing a Business
Business owners often wear many hats -- chief executive, marketer, accountant, and receptionist -- all at the same time. The payoff for such hard work can be substantial, but so is the stress. With so much at stake, learning to manage stress is one of the best strategies any entrepreneur can master.
Cheapism heard from business owners across the country about what causes them the most stress, and what they do to keep themselves and their business running. Here is their advice.
New companies often learn by trial and error what works and what doesn't. Devorah Neiger, a co-founder of medical supply site Medshop, found one of her biggest stressors is firing people. "Some of our initial hires were keeping our company back, and we had to make the painful decision to let them go," she says, adding that no one employer wants to fire anyone. "It is the absolutely worst thing a boss has to do."