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EPISODE 084: HOW TO OVERCOME FEELING OVERWHELMED IN YOUR ONLINE BUSINESS

Today we’re going to talk about overcoming the feeling of being overwhelmed in your business. It is such a common problem that so many online entrepreneurs have, even myself. There are times when I feel overwhelmed from running my online business, and I wanted to share what you can do if you’re feeling this sense of being overwhelmed right now with all the things that you need to do for your business.

This month’s theme is focused on growing a new online business, and you cannot grow an online business if mentally you’re not at 100%, if you’re feeling overwhelmed and stuck and that causes procrastination or a cloudy judgement.

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"Think about 5 years from now. What would you like to have accomplished? If you have an idea of what you would like to accomplish in 5 years, how many of the things that you want to do right now will you even care about in 5 years?"

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Topics Discussed In This Episode:

  • Why you need to start saying no to opportunities (you read that right!)
  • The problem with online business owners and why that causes an overwhelming feeling and stress
  • Why growing an online business is like playing golf
  • My tips on what I do when I start feeling overwhelm in my business
  • The importance of writing all of your ideas down on a piece of paper
  • How to decide which idea on your to-do list to do next

Resources Discussed In This Episode:

Full Transcript

So what can you do when you’re feeling overwhelmed from running your business? And I want to start by saying that there is nothing wrong with you, it doesn’t mean that you are a bad entrepreneur or you need more mindset work.

Being overwhelmed is a very common problem amongst entrepreneurs, and for a good reason - we have many things on our plate, we’re juggling business with family, making sure our employees are going to get paid, launching, growing your list, social media, etc etc.

And here’s the thing you want to do if you find that you have too many ideas of the things you can do in your business, if you don’t know which would be the most effective in generating clients or income, and you just end up feeling overwhelmed and doing nothing…

I want you to start saying no to things. Chances are, you are probably aware that you’re taking on too much, you’re saying yes to too many invites and requests. I get it, it feels good to say to opportunities that come along your way, it feels good to say yes to helping someone.

But if you’re already feeling overwhelmed and your diary is just full of things to do, you need to be able to recognise if what you’re saying yes to can guarantee tangible benefits for your business. If not, the only thing it’s really guaranteeing is that it’ll suck up your time and effort and make you feel even more overwhelmed. So, start practicing saying ‘no.’ Not only will it be very freeing, but it will help you focus on what is really important for you and your business to grow. 

Next, I want you to start small. I want you to strip down and double down on what makes the most revenue or makes the most sense for you to do first. When you have 10 things on your mind that you want to do and you cannot decide which one to do first, I want you to pick one. 

I think as entrepreneurs, we have no shortage of ideas. We have a long list of things we want to do today, we want to achieve this year, and enough ideas to keep us busy for years. It can be so frustrating when you realize that there just isn’t enough time for you to do everything in the day or even in this lifetime. And that creates that overwhelming feeling.

And when you’re working for yourself, there’s always something else you could be doing to build your business. But just because that’s true, doesn’t mean you always have to do it. 

 

Start by writing down all the things that you have on your to-do list. Write it all down because sometimes your brain feels overloaded with information. You might be mentally juggling a long list of tasks or you may have negative thoughts spinning around in your head. One of the best ways to get clear is to write things down. Don't try to evaluate or organize every task, you can do that later. For now, just get those tasks out of your head and onto paper.

If you find that you’re struggling with negative thoughts, we need to get rid of that ‘head trash'. So grab another sheet of paper and write down all your negative thoughts. And when you're done, I want you to symbolically throw it away.

Once you have your list, I want you to pick the one that has the greatest potential to generate the most amount of income for you or pick the one that makes the most sense or brings you the most joy doing.

You could also think about 5 years from now, what would you like to have accomplished? If you have an idea of what you would like to accomplish in 5 years, how many of the things that you want to do right now will you even care about in 5 years?

So that could be launching that course that you’ve been thinking about, if that course has the greatest impact on your income or it is something that you love doing, and shelving the e-book idea because you don’t really like writing or shelving starting that YouTube channel because it will take up more time.

This is like learning golf. When you are new to golf and you try practising hitting the ball far, chances are you’re gonna miss it 8 out of 10 times. The reason is because when you try to hit a big swing and hit the ball 100 yards and you’re new, it’s really hard to connect with the ball. So the trick is actually to start by taking small swings. Hit the ball 5 yards, then 10 yards, then 20 yards, and so on until you hit 100 yards.

That micro-goal increases your confidence and it helps you build momentum. You start small and soon you’ll be achieving a much bigger goal. When you're overwhelmed, it can be so hard to get started and it's easier to just procrastinate. So start by setting yourself a micro-action. Pick one thing so that you have no resistance to doing it.

Once you decide on that one thing, I want you to test it out. Test that idea to see if it brings you the income that you think it will bring in or if it makes you as happy as you think it will make you.

So if it’s a course, go ahead and pre-launch that course. See how many people are interested in buying it. See if you love doing the videos and the course materials. Test it out. Give yourself a good month or two to test out this idea.

Send out emails to your email list, gauge their response, ask them for their feedback, see if people are taking the bait. If you are starting from fresh and you don’t yet have a list or a community to ask or pre-launch, then go to existing communities where your target audience are hanging out. So Facebook groups are great for getting feedback, ask your friends, ask in forums, post and promote on social media.

Now that you’ve taken action, give it some time and then I want you to do a review of the results of that one thing. Was it something that brought in that additional income? Did you make you happier? Did it get you one step closer to your goal? Reviewing the results will tell if this thing, a product or a service, is worth spending more time on or not. If it’s not working, pick the second thing on the list and do the same process for it.

Now besides picking one thing to test and review to reduce the feeling of being overwhelmed, I also want you to try this out. Instead of continuously adding to your to-do list, I want you to pick two to three priority tasks to focus on each day. These would need to be two to three clear actions that will help you hit your daily or weekly business goals. 

So for example, if your weekly business goal is to sign on 1 new client each week, then one of the priority tasks might be to spend an hour each day contacting new potential leads, or a priority task might be sending out that email to your list, or looking for podcast guest opportunities to increase your brand awareness and authority.

Another important thing I want you to think about as well is the 80:20 rule. The 80: 20 rule is one of the most helpful concepts when it comes to time management and business management. 

The 80 20 rule is also called the “Pareto Principle”, and was named after it’s founder, the Italian economist Vilfredo Pareto, back in 1895. The Pareto Principle suggests that two out of ten items on any general to-do list will turn out to be worth more than the other eight items put together.

We can take Pareto’s 80:20 rule and apply it to learning how to prioritize your tasks, days, weeks, and months. Most people procrastinate on the top 10 or 20 percent of items that are the most valuable and important, and busy themselves instead with the least important 80 percent that contribute very little to their success.

So what I want you to do in order to effectively apply the 80/20 rule is to take a piece of paper and write down ten things to do or twn goals. Then ask yourself: If you could only accomplish one of the things on that list today, which one thing would have the greatest positive impact on your life?

 Then pick the second most important thing. What you’ll find is, after you complete this exercise, you will have determined the most important 20 percent of your things or goals that will help you more than anything else.

So before you begin work, always ask yourself, “Is this task in the top 20 percent of my activities or in the bottom 80 percent?” And I want you to be careful to resist the temptation to clear up small things first. If you choose to start your day working on low-value tasks, you will soon develop the habit of always starting and working on low-value tasks.

So I hope you found this useful if you’re feeling overwhelmed with all the ideas you have in your head for your business or overwhelmed with all the things you need to balance in your business. 

That’s it for today’s episode. Now if you’re an online entrepreneur and you’re looking for more ways to hack your online business, I’ll like to invite you to join the Hack Your Online Business Mastermind program. 

Start getting the business support and accountability that you’ve been searching for. Besides getting access to me, you’ll also be supported by other online entrepreneurs - which quite honestly is the best part about the mastermind because you get to learn from each other’s experience.

To find out more about the Hack Your Online Business Mastermind program and see if it’s right for you, go to hackyouronlinebusiness.com/mastermind.

Thanks For Listening, My Friend!

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