Handling Financial Pressure

Now, more than ever, a lot of people are faced with financial pressure. This is what a crisis should be about, anyway. Companies are cutting jobs, people are losing houses and the global economy seems to be falling down. I’m not going to talk about the reasons for this crisis, as I will try to better focus a little about the immediate reality and how I faced similar situations.

Being an entrepreneur is something that, among other interesting stuff, is giving you a lot of financial pressure. Getting from a monthly pay check (in exchange of some time spent in an office) to a complete reverse of the situation, when you have to take your money from the clients (if you do your job well and on time), huh, that’s quite a roller-coaster. It’s a serious comfort shake and it requires a lot of extra energy spent on the financial side. And it is not only your money that’s on the plate, you’ll need money for office rent, for utilities like electricity, internet access, for advertising and promotion and so on. Not to mention your employees or partners. You will have to manage a whole new level of cashing and spending. And believe me, this is a tremendous financial pressure.

When I started my own business, 10 years ago, I faced this like a train hitting a wall. Although I managed to do pretty well, in the first three years I barely knew where my pockets were. They were most of the time empty. Money didn’t have a chance to settle there. Even if I managed to do a decent living per month, there were increasing expenses that I had to face the next month. It was really tough. That was a time when I really had to learn a lot about handling financial pressure.

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