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The difference between business survival and striving for success often comes down to one factor – yours mind set. Whether you're an aspiring entrepreneur or a seasoned executive, your actions are always inspired by the way you see things. This ultimately affects your results and dictates what you can bring to the table next.
Business leaders must confidently lead their organizations through challenges to inspire their teams reach new heights and advance their businesses. I've seen firsthand how the right mindset can transform a business, and these five approaches helped my company reach a major milestone in just one year:
Connected: 5 critical questions to ask yourself to master an entrepreneurial mindset
1. Expect the unexpected
Get used to things not going as you expected; it's part of the journey. If your plan A doesn't work out, make sure you have 25 more up your sleeve.
There is no perfect roadmap for your business, as every business and founder is unique in how we approach growing and serving customers. Accepting the unpredictable nature of a business helps you stay nimble and adaptable, and flexibility allows you to pivot when necessary and take advantage of unexpected opportunities.
2. Transfer early and often
Outsource every possible task as soon as possible. This approach will force you to create Standard Operating Procedures (SOPs) before you get too busy. If you don't do this early, you'll have a very hard time scaling, which will prevent you from generating the revenue needed to support a full-time team.
Consider outsourcing as a way to buy time. An entrepreneur's primary goal is to reinvest time in growth-promoting assets as quickly as possible. Focus on the most critical aspects of your business instead of getting bogged down in routine tasks.
Connected: How mindset plays a role in your entrepreneurial success
3. Invest in a business coach
No matter where you are in the life cycle of your business, you cannot afford not to have someone to help you meet the challenges and offer perspectives and ideas that will help you avoid getting stuck in a mess. Get a coach at every level of your business.
It's normal to outgrow your coach as your business evolves, and you should expect this progression. I once hired a very expensive sales coach. His feedback on a phone call was all I needed to boost my confidence that I was much better at sales than I had given myself credit for. While I didn't find much value in his other advice, I decided to gamble on a confidence-boosting mirror and knew it would pay off tenfold.
Don't be afraid to take what you need and move on. Don't get hung up on the cost if it helped you get through an area that's causing friction or gave you an “aha moment.”
4. Get comfortable with public failure
The sooner you get comfortable with public failure, the sooner you can bounce back learn from your mistakes. If you constantly pay attention to details or allow what others may perceive you to be to bother you, you are setting yourself up for disaster.
I was able to overcome imposter syndrome through experience and the lessons i learned from my mistakes. The more experience I gained, the more decisive I became about my decisions. With each win, even if I failed at first, my confidence improved because it was never as bad as I thought it would be.
5. Surround yourself with like-minded people
They say, “You are the sum of the five people you spend the most time with,” and I couldn't agree more. Your network significantly shapes the way you think and perceive things.
Joining the Entrepreneurs' Organization (EO) was one of the best decisions I've ever made. Since then, my calendar has been filled with professional development and personal growth activities, with dozens of like-minded individuals constantly rooting for me.
I also teamed up with some top level organizers and got tremendous value from them. If you can't afford the high-ticket organizers, you can always go for the more affordable ones, but still, they're a significant investment. People who sink money into themselves exude a different energy, and they are the people you want to be with when you decide to take yourself and your business to new heights.
Connected: 11 Mindset Traits of Successful Entrepreneurs
Your mindset is your most powerful business tool. Keep in mind that in order for your business to succeed, it's not enough just to hit your targets; you have to blow them out of the water. This means constantly challenging the status quo, embracing failure as a learning opportunity, and promoting a the culture of innovation.
Achieving your goals is one thing, but consistently and purposefully developing over time and exceeding expectations is another story.