Managing a crowdfunding campaign is a tough job and not a lot of people understand the challenges it brings. Most might even think it is an easy task to run a project because all they see are the results. People rarely have an idea on the amount of work that is put in before a project is even launched a crowdfunding site.
Part of the whole process, from start to finish is being able to manage a lot of different factors all at the same time. One of the most challenging in the list is keeping your emotions in check. It might be surprising to even think of it but it does play a big part in the success, and even failure of a social funding project.
Some people might pay no mind and think of it as a petty thing that does not deserve any attention or even effort from their end. Your emotions are powerful tools that you can use to help you get through life and when left unchecked, it can do the exact opposite and put you in a lot of depression, regret and at times even pain.
Manage your crowdfunding campaign better
Here are a few reasons why managing your emotions can help you handle a crowdfunding project a little better. It might be the difference in getting those funds to come in and get you started with your business venture.
- You need to have a clear head. Your emotions are powerful that they can mess round your head. Encountering extreme fits of anger or even happiness can make you do things that you would definitely regret the next day. This is why there is wisdom in the saying never make any decisions when you are high on emotions. Let it simmer down so you get to make informed decisions and more importantly, with a clear head.
- You get to see what the real problem is. Suffering from extreme emotions will definitely cloud your view of any project situations. A team member might have missed an important delivery on parts or one member lost a very interested angel investor which would definitely make you see red. You need to cool down and not make harsh decisions while angry. As soon as you relax, you can look into the situation with more clarity and be able to make assessments. You might be able to pinpoint why the delivery date for a part was missed and you might even be able to find a way to get it on time. You might also be able to talk to that investor and woo them back in but only with a cool head.
- You get to assess the real situation. You get to look at things more logically and this drastically improves your decision making as well as people skills. You cannot risk losing your cool because that would make you more unprofessional and could also lead to poor decision making. Take a walk outside, eat ice cream or play with your dog. Do whatever can calm you down before taking on the project again.
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]