Can The Holiday Stress Get Under Your Skin And Lose All Crowdfunding Progress?

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Crowdfunding has been a great alternative for startups as well as small and medium-sized enterprises in rallying support to raise the start-up capital they need to begin operations. Though traditional lenders are still there, the social funding platform has proven to be a great alternative and on some level, even complements those established lending practices.

But this is not to say that because it has now become easy to ask hundreds and thousands of people for support the process is stress free. In fact, it is just as stressful if not more than what it used to be because of the incredible reach of the platform. Rather than just talk to a handful of people whom you would normally know, your project gets into the hands of people you haven’t even met.

Add the stress from the holidays and all those preparations you need to do and it could become one challenging project. You might be way in over your head in deliverables and deadlines that you just want to stay in bed the whole day. People say that whatever doesn’t kill you only make you stronger but these lessons are the most painful ones.

Handling social funding stress

If you are still reeling from holiday stress and adding on the pressures of managing your crowdfunding project, here are a few things to remember to be able to get a hold of the situation.

  • Breathe in and out. This would seem very simple but it can actually help you out in trying to manage your stress level. Find time to stand up or get outside for fresh air. This can help you to clear your mind so you can think straight. If you have been working non stop and seem to be glued to your desk, this is a perfect opportunity to take a break and just get a timeout from all the work you have been doing. This will only take a few minutes of your time and could really do wonders for you.

  • Do not make decisions yet. Taking a breather also helps you prevent making knee jerk decisions and reactions that could be harmful in the long run. Decisions made at the height of an emotion whether good or bad is often a clouded one and can have a negative effect. Settle down before deciding on big issues in your project.

  • Look for the rational next step. After you have settled down, you need to be able to make informed decisions. At the end of the day, you need to keep in mind your long term goals to keep you grounded on how you should move forward.

  • Learn from your stress triggers. Now that you have experienced stress in managing your crowdfunding project, you need to learn and take notes so you can prevent the same thing from happening again in the future. If you are stressed out because you ran out of time before the holidays then you need to plan ahead the next time around. If you were unable to get back to people inquiring about your project then have the inquiries directed to your smartphone the next time around so you can attend to them as soon as possible. The idea here is to learn what triggered your stress and address them before it happens again in the future.

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This article is written by the Crowdfunders Editorial Team. In Asia, Crowdfunders.Asia is a leading portal on providing news related to crowdfunding, start-up, property and business. It is operated by CoAssets.com. CoAssets is South East Asia’s first listed and largest real estate crowdfunding platform. If you have any Crowdfunding news or stories to share, please email [email protected]

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