University of Minnesota - UMN Executive Leadership Insights
The Entrepreneur's Guide to Mastering the Inner World of Business
Book

The Entrepreneur's Guide to Mastering the Inner World of Business

Nanci Raphael
Praeger, 2010
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Editorial Rating

5

Qualities

  • Applicable
  • Concrete Examples
  • Inspiring

Recommendation

Entrepreneurs are visionary, innovative, take-charge individuals – hard workers dedicated to success. Such intense work and bold risk taking generates tension and stress. Business coach Nanci Raphael offers expert advice on how to deal with the emotional and psychological turmoil entrepreneurs routinely experience. Despite some reliance on new age clichés, her advice proves useful. Her perceptive book includes tips to help entrepreneurs cope with stress and use positive thinking to improve their professional and personal lives.

Summary

Emotional Roller Coaster

The life of the entrepreneur is inconstant. At times, you must be hyperactive to stay on top of everything; at others, you are becalmed while nothing happens. Such topsy-turvy extremes are routine for entrepreneurs. This instability exacts a high emotional and psychological price. As an entrepreneur, you might find that you struggle with some of the following challenges:

  • Facing your fears – Entrepreneurs must confront their anxieties more than the average worker.
  • Staying fresh – All entrepreneurs want money, but many feel motivation to innovate and create something new.
  • Handling solitude – Entrepreneurs often work alone, and that takes a toll.
  • Managing your workload – Your business is a hard taskmaster that never lets up and allows you rest.
  • Determining “the meaning of success” – Enough is never enough. Thus, entrepreneurs may not recognize when they achieve true success.
  • Bouncing back from rock bottom – Entrepreneurs are not afraid to bet all their chips on one hand. But what if someone else wins...

About the Author

Nanci Raphael, who has 20 years experience as a business coach, founded Leadership & Executive Development LLC and Voom Factor.

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