Tips to Stay Successful in Challenging Times as an Entrepreneur

April 24, 2023

Being a boss of your own as an entrepreneur can be bliss and a burden at the same time. Realizing that you are the soul and body of your business and are responsible for critical decision-making to keep your business running smoothly can be challenging. 

Then, what happens when the industry is facing a depression generally? Just like the ongoing economic challenge coupled with the new cashless policy facing different industries in Nigeria. That of course, adds to the burden of an entrepreneur, and if care is not taken, it could leave a lasting negative effect on the business.

So what do you do when going through tough times in business?

• Learn how to manage your stress: 

How do you prioritize self-care as an entrepreneur?  Most times, we are always concerned about working on the business more than working on ourselves. And by working on ourselves, I mean prioritizing self-care. 

When the going gets tough, you might want to check your mental well-being to be able to create new ideas and innovations that will put your business ahead of difficult times and bad days. 

• Leverage your network: You must have built a good network of like minds and entrepreneurs around you by now. So why not call a mastermind’s meeting with your circle, or go to them for ideas and relatable experiences? Doing the thinking alone can be more draining, especially during difficult times in business. So if it feels like you are facing a challenging time in your business and you’re out of ideas, it might be the right time to check out your network of like minds and leverage their ideas

Revisit your GOALs and WHYs: This always takes us back to why we are here. Why we ever started this business? The source of your motivation these past years and what keeps fueling your actions for the future. Revisiting your goals can really bring back lost inspiration during challenging times in business and help you find a new view on how to do things better.


Submit a Comment

Your email address will not be published. Required fields are marked *

Related Articles


DR. GLORY ENYINNAYA epitomizes the essence of accomplishment, vision, and influence. Recognized as one of the top 6 Best MBA Students globally by the prestigious Association of MBAs, she proudly holds the distinction of being the first African to grace the Governing...

Morning Affirmations

● I am worthy of abundance and prosperity. ● I am a magnet for opportunities that create wealth. ● I make wise financial decisions with confidence. ● My income grows steadily and consistently. ● Challenges are stepping stones to greater financial success for me. ● I...


Our Woman Crush Wednesday, TOPE MARK-ODIGIE stands as a beacon of inspiration in the realm of wealth creation and personal empowerment. As the visionary CEO of Reb360 a distinguished Real Estate Business organization, she champions the mission of guiding individuals...

Morning Affirmations

Today, I confidently declare that • I am a beacon of blessings, radiating positivity and abundance to everyone I encounter, enriching their lives with my presence. •The work of my hands is blessed and fruitful, bringing prosperity not only to myself but also to those...

Ignite your entrepreneurial spirit

Hey there, fellow young entrepreneur! Are you ready to dive into the exciting world of entrepreneurship? Well, buckle up because I'm about to share some inspiring insights that will ignite your entrepreneurial spirit! Entrepreneurship is like a thrilling rollercoaster...

Morning Motivation

● I am constantly learning and evolving, becoming better every day ● I believe in myself, and I will not let anyone dim my light. ● I learn from my mistakes and keep moving forward ● I visualize success and attract positive energy into my life. ● I...

#MCM – Oloyede Adeyeoba, Akinghare II

Our Man Cruch Monday, Oloyede Adeyeoba, Akinghare II. At just 15 years old, Oba Oloyede Adeyeoba, Akinghare II, the Ojima of Okeluse, ascended the throne in a moment that would forever alter his life. Thrust into the role of king amidst his Junior Secondary school...


Our Woman Crush Wednesday, LAKRISHA DAVIS is a high-level achiever who has demonstrated success at every phase of her journey to the top as an entrepreneur. A Career Professor and the CEO of Nextup resume, Lakrisha has impacted over 1000 lives with her wealth of...


Our Woman crush Wednesday, TOYIN UMESIRI is a world-class Entrepreneurship Leader who has built her journey brick by brick, ascending from the ground floor to collaborating with top business and government leaders on advancing trade, investment, and economic...


Our Woman Crush Wednesday, ARALOLA OLAMUYIWA, popularly known as the queen of drums, is an African supremely talented singer, songwriter, dancer, producer, and actress who has displayed her skills in the musical world in global places like the USA, China, Ghana, and...