Successful entrepreneurs possess key characteristics -- one of them is mental strength. Mental mastery takes time and commitment - it's more than reciting affirmations and wishing that one day you'll have what it takes.
Mentally strong entrepreneurs make a decision to avoid pitfalls that can keep them from reaching their full entrepreneurial potential.
Here's a look at six of twelve things mentally strong entrepreneurs definitely don't do:
- Waste time feeling sorry for themselves.
- Blame others for their mistakes.
- Fear and avoid change.
- Focus on things they can't control.
- Try to please everyone
- Resent and envy the success of others.
Okay. So, you failed. Now what? Feeling sorry for yourself shouldn't be on your priority list. The hard truth is this: entrepreneurs fail, more so than non-entrepreneurs. This is par for the course because they realize failure is an event and not a person. They are willing to take more risks and reap uncommon rewards. As the late Zig Ziglar once said, "Expect the best. Plan for the worst. Capitalize on what comes."
A refusal to take personal responsibility for one's actions is a sign of someone with a highly underdeveloped mental capacity. When we make mistakes we must own them ... and capitalize on them. Remember: "The master has failed more times than the beginner has even tried." ― Stephen McCrani (And entrepreneurship requires mastery.)
Pivot here. Course correct there. The entrepreneurial journey is full of twists and turns, rework, reimagining and iteration. Mentally strong entrepreneurs learn to embrace change; realizing it is a friend and not a foe. Change is important. Without it you lose your competitive edge and will find it hard to remain relevant.
There are many things we cannot control in business, but we can control how we respond to them. Many entrepreneurs like to be in control (guilty!), but mentally strong entrepreneurs know when and where to wield this power. When faced with the uncontrollable we can adapt, influence or choose. (The Other Side of Complexity) This is true power.
You can't be all things to all people. In fact, stop trying. You can, however, be many things to the right people - and this is what we aim for. People-pleasing and people-chasing is a co-dependent behavior that can steer you away from your vision, core values and competencies. Mentally strong entrepreneurs aim to please themselves (i.e., be proud of the work they do) and those they serve.
Mentally strong entrepreneurs realize everyone has unique gifts and talents. This doesn't eclipse their ability to recognize their own. They choose to empower instead of compete on trivial factors that don't impact key business metrics. They hustle harder than they hate.