What do you think is the hardest daily
experience that entrepreneurs deal with?
In my 20+ years of being self-employed and owning my own businesses, I know what it is for me. When I speak to clients, the same thing inevitablyarises in our conversations even when it’s not the presenting topic.
This song might clue you in…
At the very least, (if you are old enough) it will bring back memories!
Listen in while you read.
If you don’t have a practice and system in place to absorb and detach from the ups and downs of good days/bad days – lots of sales/few sales – many clients/many cancellations, you find yourself on an emotional roller coaster. The ups and downs can not only effect your attitude, but they can effect the energy that you put out into the world and thus the results that you get back.
I doubt I must go into detail about how this emotional roller coaster feels. You know the jubilation
when you bring on board a new customer or account. You have sat quietly with th3
disappointment of “sure thing” that went sour. We all have.
One of the keys to entrepreneurship success is not eliminating the ups and downs – it’s developing a way to ride those waves smoothly. Your daily action plan and your daily mindset plan must be such that you remain consistent and believing in yourself and your mission, regardless of what occurs on the outcome end.
There are many ways to do this, and of course I have two favorites.
Meditation teaches you that you are not your mind. You are not your experiences. It teaches you how to fully engage in each moment while at the same time remaining unattached so that you can in fact stay the course and absorb the bumps.
Mentorship or a “coach on retainer” gives you a person to reach out to, especially when you are feeling low or immenselychallenged. We tend to be Lone Rangers, those of us who step outside the box and take an unorthodox path. Yet especially for us, having a sounding board,
and someone who can present all sides of our story back to us – is crucial for
emotion health as entrepreneurs.
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That was an interesting touch to the blog adding in that song and such. It was a trip down memory lane that is for sure I loved that song back then and it still has a good beat. I loved how you tied it together with your post, keep up the good work and I look forward to seeing more from you in the future.
Well, it’s been said that it is lonely at the top, especially when you have a big decision to make. But as a leader, making a decision by yourself only makes it harder. The pressure soon can soon turn into fear, and you’ll be beset by emotion, unable to make an unclouded decision based on facts. I do agree with the article. It can be a pitfall.
It’s encouraging that the author advises not to avoid the challenges of doing business, but to learn how to manage and overcome these rough waters. As a small business owner or entrepreneur, you have a lot on your plate. And whether you’re busy trying to establish your business or developing a growth strategy for your existing operation, it can be valuable to get an expert opinion from a mentor.
When a company gets a bad customer review on Yelp, Facebook, Twitter or any other social network, emotions can run high, because real damage to its reputation and sales can result. The business owner usually has a knee-jerk reaction and responds in kind by attacking the offending customer with an emotionally charged online response. I realize this has little to do with investing, but it is one way business owners can make emotional mistakes.
When you ask successful leaders, to whom or what they attribute their strong leadership skills, their answers are rather consistent. More often than not, they attribute their leadership skill-building to one or more influential individuals – strong mentors – who helped show them how to lead. The value of a mentor can be doubly undervalued by many people – especially younger professionals and junior executives. So I agree with that as the most important thing you can do.