It’s important to be ‘’on the ball’’ when it comes to business and to never get comfortable, like Jerry Weintraub says in his book ‘’when I stop talking, you’ll know I’m dead’’ ‘’when I get comfortable, it’s time to move’’ and I couldn’t agree more.
Now here’s something you might not want to hear, not every idea you have is going to work and not every deal you need is going to come through and unfortunately that’s just life and you need to be able to deal with it. Most self-made entrepreneurs have suffered some hardship in business some have lost everything been “flat broke living on a friends couch” to quote Tai Lopez.
This even happened with the great Donald Trump, in 1980 he reached billionaire status with a net worth of $4.1 billion, but he borrowed big to invest in huge real estate projects. When the real estate crash hit in 1990, Trump lost everything and ended up in debt. Could you imagine that? Losing billions of dollars and to end up with a negative net worth. This would destroy most people, but not Trump, he moved quickly and continued to build. By 1997 he had regained his Billionaire status.
Most successful entrepreneurs I speak to love talking about the tough times, how broke they were, how they came from nothing. It’s because they’re proud of it, It’s almost like a badge of honour.
Now it’s not about how bad the situation is, that’s irrelevant, it’s about how quickly you can react to it and move on. Don’t linger in the past as that will get you nowhere. This also goes for people who have had one success in life, and that’s all they talk about, unable to try something new as they’re stuck back 10 years ago or as Patrick Bet David says “one hit wonders”. Don’t be a one hit wonder.
A great book that I read that teaches this lesson in a very simple way is ‘’WHO MOVED MY CHEESE?’’ by Dr Spencer Johnson. This is a very short book, most can read it cover to cover within 2 hours. It’s a great story for all ages and I recommend it to anyone looking to start a business. The book teaches you how to react when bad times hit and to be ready for them. It’s also a great book to help you get into reading more, very short, big writing and lots of pictures.
Always look for the next opportunity and if it doesn’t work out, dust yourself down and go again, try something new.
Sometimes when things don’t go to plan it can be a great opportunity to kick yourself back into action and find new business, re-fresh your ideas or call a new client. It’s a good thing, although you might not feel it at the time.
Being able to manipulate your emotions is also important, when you take a bad blow, our instinct is to get upset and feel down, that’s natural but if you can change that feeling to a positive, ‘’right time to get stuck in’’ train of thought you will instantly feel like you’re on the right path again. One thing I do is talk with someone who gets me excited. Try and surround yourself with not only like-minded people at your level, but try and find someone who is where you want to be, this will be your mentor. They will want to see you succeed and they have probably have been in your shoes at some stage. These are great people to get you motivated and through the hard times. It can be very difficult to find the right mentor, but with social media and the internet, it’s easier than ever. Use YouTube for tips and advice.
That break may be just around the corner so keep looking.
‘’Move fast, Stay young’’
I would love to hear your opinions on what I have to say in the comments below and maybe some more about what you would like to read in the future.
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