Have you ever found yourself in a situation where you have this awesome idea for a business, and it gets you all fired up and excited…but then you get that gush of negative emotions when it comes down to actually executing the idea?
The self-doubt, the lack of confidence, the imposter syndrome, the fear of failure, and the weight of other people’s opinions begin to creep in, literally paralyzing you from taking the necessary steps.
You have given up before you’ve even had a chance to really start.
For some this overwhelm might happen at the beginning and for other, it might happen further down the line. However, this is a universal experience of most business starts and business owners at one point or another.
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So how do some make it through?
The right MINDSET!
Why the right mindset is a key component of your business success?
Your mindset will make or break your business.
So often when people think about starting a business or are in the beginning stages of building their business their main focus is placed on the logistics – the how what and where?
Yes, the business structure and a solid plan for execution are vital to business success. However, it often overlooks the final component and one of the most important components of the equation – the Why?
The why represents the mindset with which you go about executing your business idea. You could have everything perfectly set up in your business but if your mindset is not aligned and you are not in the right frame of mind, you open yourself to potential failure.
How can the right mindset guarantee your business success?
The right mindset will help you overcome the many challenges that arise during your entrepreneurial journey.
With the right mindset, you will feel empowered to overcome them, rather than give in to them.
How will this post help you understand the importance of a business mindset?
The post will help you understand why a business mindset is important for success and provide you with
- UNDERSTANDING THE WHY
- SELF-REFLECTION
- RESOURCES TO HELP YOU.
A. THE REASON WHY
When you truly understand and appreciate why mindset is so extremely vital to business success, you will be far more motivated to make a change and work on your mindset. So, let’s dive in…
Why getting in the right frame of mind is so vital for your long-term business success?
Leads to effective decision-making.
In any business, you will be faced with making important decisions, probably on a daily basis.
At any point, you are one wrong decision away from losing your business and one effective decision away from exponentially growing your business.
But why does your mindset play into it?
Well, your mindset in essence underlies your current state of mind. If you are approaching any decision-making from a place of calm and collected frame of mind, you are far more likely to make the right decision.
If you are approaching a problem from a scarcity frame of mind you are far more likely to be driven by your ego, your insecurity, and your fear and these emotions never lead to effective decision-making.
Determines what you focus on.
When running a business, being in the right headspace is important. There will be many things to consider and many things that require your attention and focus. You will never be able to do everything you want to do in one go and this is why the ability to prioritize effectively is so vital for long-term success.
The right mindset will help you make the best decision in terms of what to focus on first and how best to prioritize tasks.
Investing time in the right things at the right time will help you grow your business quickly. Importantly it will ensure you do not get paralyzed by the overwhelm of doing too much at once which can be discouraging or it can burnout.
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It inspires trust.
People will pick up on your energy and your mindset, your beliefs about yourself, and your self-esteem will all play into how you project yourself into the world.
If you are not mentally in a great place, if you do not trust yourself, and if you do not have faith in yourself and what you are doing, subconsciously that may be the message you put out into the world. And people, including your customers, will be picking up on those small cues.
If on the other hand, you trust yourself, your abilities, and what you are doing, then that trustworthiness will be communicated to the world. Your trust in yourself will inspire trust in others.
Improves work ethic.
We’ve all been there – those days where we just feel a bit meh for whatever reason, and our productivity and motivation go down.
Now, these days happen to the best of us and are normal but sometimes they can stretch for longer periods of time. When they do, the usual culprit is your mindset.
When you are not feeling your best, it is difficult to expect yourself to perform your best.
Investing a little bit of time in re-programming your mind and your inner monologue. Working on re-training your thought patterns and engaging in mindfulness practices such as gratitude and journaling can overtime make an enormous difference.
As you work on taking care of your mind, you will find that work becomes easier, and your work ethic improves.
Increases your enthusiasm.
A positive headspace will skyrocket your motivation.
You know when you just feel absolutely fired up to work on your project when you are full of ideas that you are itching to put into action – that’s what we are after.
It goes without saying that when you can exhibit this kind of enthusiasm on more days than not, you will see amazing results in your business. Much faster too!
That in itself will be addictive and further fuel your enthusiasm and eagerness for more success.
Encourages learning.
The best of the best entrepreneurs do not have their heads in the sand. They continually seek opportunities to grow and improve.
What we are after here is a growth vs fixed mindset.
Business is a journey and if you want to stay in the lane of success you have to be adaptable. The only way to adapt is to remain open to new learning opportunities and not get so complacent in where you are now that you become unaware of when you are falling behind.
Your business will change, your customers will change, and your competition will change – being aware of this will help you continually grow as you will have your eyes wide open.
Makes you a go-getter.
With the right mindset, you will stop falling into self-sabotaging thought spirals. Instead, you will wake up every day feeling fired up, eager to get working on your business.
You will be a go-getter.
There is no doubt that with this kind of attitude, you will be able to achieve much more in a much shorter space of time.
Establishes your self-esteem.
How you think and feel about yourself will underlie every aspect of your life. Your personal life, your relationships, your work, and most importantly your business.
Taking time to get in the best possible shape – mentally – can be a determinant of your business success. When you value yourself and what you bring to the table, you will shine, you will attract more possibilities and any challenges will not crush you down.
When your self-esteem is high flying, you will not rely on other people’s opinions and external metrics to govern how you feel and the actions you take to work towards your goals. Instead, your confidence will be purely internal, the kind of confidence that is not fleeting but is always there for you to tap into.
The right mindset is directly proportional to your results.
Your mindset is directly proportional to the kind of results you can get, in other words
- Negative mindset = negative outcomes.
- Positive mind = positive outcomes.
- Big thoughts = big results.
You definitely want to program your mind toward the latter two. A positive mind and big thoughts will enable you to see those positive outcomes and big results.
The right mindset is a fear deterrent.
Fear can be paralyzing, and it can stop you from moving forward. Overcoming the fears you may have about your business, whether it is fear of failure, the uncomfortableness of success, the fear of others’ opinions, or the fear of finding out you knew less than you thought you did – whatever it may be, getting past it is one of the best things you can do to propel your business success.
Changing the way you think about fear, in other words, using it to fuel your motivation rather than halting your progress the mindset trick that will make you unstoppable.
Mental conditioning is a real thing.
Mental conditioning is:
It is a tactic that many athletes, performers, presenters, and public speakers use to excel in their given tasks.
Priming your mind, for example, by visualizing your success, visualizing doing a good job, and using positive language, or affirmation can help to put your mind at ease, improve your focus and help you execute the task at your very best.
Taking control is empowering.
When you take control over your mind you become unstoppable.
I don’t think there is anything more empowering than knowing that you are capable of responding rather than reacting and being logical rather than emotional.
You cannot control anything external – however, you do have the power to control your mind and your thoughts. Making the conscious effort to work on your mindset will help take back control. As the famous quote says:
“Bad news is that you can control nothing but your thoughts. The good news is that with your thoughts you can control everything else.”
Builds resilience.
When you are running a business and especially as your success grows you will undoubtedly stumble upon negativity. It could come from those close to you, it could come from those you work with or want to work with or it could come from customers.
Getting through those negativities requires a certain level of resilience or thick skin.
People may not like you or they may not like you or may not always like what you are doing – you must be ok with that. Running a business will require you to not get swayed by the unimportant opinions of others because, at the end of the day, the most important opinion of all is yours!
That is the resilience mindset with which you want to enter your entrepreneurial journey.
Mindset determines how you deal with challenges.
Finally, with the right mindset, you will be able to deal with challenges more productively.
Any bumps along the way will be scary and will feel overwhelming. They may even make you feel like giving up altogether but this is exactly what you want to avoid. It is the ones that do not give up during the difficult moments that eventually go on to succeed.
Ask any successful person, anyone who has made it, and they will tell you the same thing.
Appreciating this, knowing that challenges are a component of success, and embracing these tough times will help you overcome them and get you closer to your dream. The key – is a strong mind that refuses to give in to fear, overwhelm and doubt.
The resources that will help you develop the right business mindset and success frame of mind.
B. SELF REFLECTION
Ask yourself these 5 top questions:
- Does the business support the lifestyle I dream of?
- Am I in love with what I do or just the idea?
- What is my WHY?
- Do I feel a yearning to work on my business?
- Are you willing to stick it through the tough times?
C.RESOURCES
Mindset Shifting Books to Read.
- You Are a Badass: How to Stop Doubting Your Greatness and Start Living an Awesome Life – by Jen Sincero and John Murray
- Everything is Figureoutable – Marie Forleo
- Girl, Wash Your Face: Stop Believing the Lies About Who You Are so You Can Become Who You Were Meant to Be – Rachel Hollis
- The Gifts of Imperfection – Brené Brown
Mind Shifting Worksheet.
To Summarise.
Top 10 Business Mindset Shifts.
- Leads to effective decision-making.
- Determines what you focus on.
- It inspires trust.
- Improves work ethic.
- Increases your enthusiasm.
- Encourages learning.
- Makes you a go-getter.
- Establishes your self-esteem.
- The right mindset is directly proportional to your results.
- The right mindset is a fear deterrent.
- Mental conditioning is a real thing.
- Taking control is empowering.
- Builds resilience.
- Mindset determines how you deal with challenges.