Leading the life of an entrepreneur is perhaps one of the most thrilling yet challenging decisions anyone could ever make. Whether you are just getting started or you are in the throes of your established business, the one thing that will ensure your success and keep you sane is mastering your mental attitude. Without mental control, hard work, talent and luck will not matter much. So, here are four essential mental habits to master which will position you for greater success in your entrepreneurial journey.
Having a positive attitude is not about being ‘woo-woo’ and denying reality. At the heart of positivity is the undying belief in possibility, in there being solutions to challenges, in there being a chance for success no matter the present obstacles.
The truth is, you will hardly find a successful entrepreneur who is constantly skeptical and is shrouded in a negative attitude. After all, embarking on the entrepreneurial journey is itself a step of faith; it is a journey of believing and hoping for the best outcomes.
There are many times when the challenges to be surmounted become too much and negativity may start to creep in. Mastering the art of positive thinking will keep you going through those challenging moments.
Fear is arguably the most dominant mental obstacle facing entrepreneurs, and frankly, the entire human species. Fear of loss, fear of going broke, fear of not making it, fear of taking the next step, you will encounter numerous instances where fear holds you back.
While you cannot avoid the instinct of fear, you can master it so that it does not control you or keep you from moving forward. A good place to start is recognizing the nature of fear and using this to fuel you forward.
Fear is often an exaggerated fight or flight response mechanism that has nothing to do with your talent, resource, capabilities or chances of success. When you understand this, you can feel the fear anyway and harness it to propel you forward.
In your entrepreneurial journey, you will fail many, many, many times—that is a fact you must come to terms with and surrender to. Some of these failures may be due to others’ actions and many will be as result of your decisions. Some mistakes will be small and fleeting, others will be so massive they could jeopardize the very existence of your business.
What do you do?
No matter how many mistakes you make, you want to master the art of quickly recuperating, meaning-making and charting your next step.
The problem with ruminating over your mistakes and failures is that the mind loves it! Once the mind loves something i.e. addiction or obsession, it can be difficult to unhook yourself from it and this could spell the beginning of the end of your business.
They move fast to correct mistakes and to pounce on the next big opportunity.
It is common for entrepreneurs and business owners to work over 50 hours a week and still have more to do. It seems as though there is never enough time; so, multitasking looks like the best remedy for getting more done within the limited amount of time.
However, there is plenty of scientific evidence showing that multitasking can in fact be a poor use of time and can diminish your productivity. Essentially, multitasking is not about doing more than one task at the same time; it is about shifting your attention from one task to the other and this could possibly lower the quality of your work.
Given that you are limited on your time, you need to be both selfish in how you spend it and laser focused on what you choose to do with your time.
A look at other entrepreneurs who run more than one businesses or who manage large enterprises could get you wondering how they are able to handle such demanding responsibilities within the same amount of time availed to everyone.
Savvy entrepreneurs do not have more time than the rest of us; they simply have mastered the art of managing the limited time they have, to do what’s really important for their business.
Smart and genuinely successful entrepreneurs will tell you that the secret to being on top of their game is simply deciding at each moment to be mentally in control of their journey. This means cultivating the mental grit to remain positive amidst challenges, to face fear in the eye and still forge on, to swiftly learn from mistakes and to master the limitations of time.