Mentally strong entrepreneurs avoid burnout, negativity, and letting others influence their emotions. They understand that entrepreneurship is a numbers game and requires a positive mindset despite constant setbacks.
What this video covers
They avoid burnout. Burnout is a real thing. It’s essentially when you’ve overworked yourself so much over a period of time that it gets to a point where you can’t get yourself out of bed. This is something real, something that happens, especially on startups.
Avoid negativity. Whether that negativity is coming from you, from your thoughts, or perhaps from others, you’re dealing with an environment that there is a lot of uncertainty, so you want to avoid that negativity at all cost, that you’re always thinking about positive and potential positive outcomes because you’ve had a lot of people that made this sacrifice to jump into this initiative to help you out.
They avoid others from influencing emotions. The thing is that as an entrepreneur, you’re always going to hear the word No, whether that is from customers, from investors, from potential employees that you’re looking to recruit. That’s okay. It’s a numbers game. You need to keep it moving.
They avoid having people control their time and agenda. Those super successful entrepreneurs have learned how to say No. There are going to be many, many instances where they’re going to be invited to certain things, where there’s going to be a potential partnership being offered, that those, in the end, distractions from your business. You need to say No, and you need to say No a lot, and a lot, and a lot of times.
They avoid blaming others. Look. You’re going to fail multiple times as an entrepreneur, and in the end, when you’re the founder when you’re the CEO of the business, it’s your responsibility. It doesn’t matter if someone else did it. You are the one that hired that person. You were the one that was accountable and responsible for that individual because you are at the top of the organization leading it. With that being said, stop blaming others. It was your own mistake. That’s it. Keep it moving.
They avoid fear to rule. This is another one because, especially when you’re doing deals, whether it’s getting your company acquired or raising financing, you’re going to be scared of losing that potential investor or losing that potential acquirer. So don’t be afraid.
They avoid perfectionism. Especially during the early days when you’re all about bringing that product or service to market, you’re not trying to launch something perfect. You’re just trying to launch something that works. The same thing happens when you’re trying to roll out a new feature or a new initiative; you want whatever is minimal that you can put out in the market so that you can start to think and to process all that data on how people are behaving with it so that you can continue to iterate and to optimize it to actually make it better.
They avoid doing it all on their own. This is a really big one. Some of the biggest founders that I’ve ever seen are those that are great at delegating things. First, rather than delegating right away, first, they understand it themselves, and once they know how it works, what needs to be done, then at that point when they can no longer do it themselves, they give it to someone else. But when they give it to someone else, they have a clear understanding of how that works, and that frees them up to go ahead in another direction to really tackle whatever is next.
The avoid indecision. What this means is that you have a democracy in the business where nobody is making decisions, where everyone is chit-chatting, and they have a vote, and nothing gets done. Or maybe they’re waiting too long to just have all the information to make the decision because, at that point, it’s going to be too late. So the ones that are super successful are those that they can grab whatever data is available to them and make a decision right away.
