How to Fight The Number One Killer of Entrepreneurial Dreams

The biggest killer of entrepreneurial dreams…

It’s not a lack of money, or resources, or anything else you might be thinking right now.

The number one killer of entrepreneurial dreams is losing faith in yourself and no longer believing that what you want to achieve is possible.

Today I have three strategies to help you maintain faith in yourself and NOT take on the stories, judgements or beliefs of the naysayers in your life.

So far we have looked at taking 100% responsibility for your life, deciding what you want, and unleashing the power of goal-setting. Today I am talking about believing it’s possible.

Henry Ford said, “If you think you can or think you can’t, you’re right.”

Napoleon Hill said, “Whatever the mind can conceive and believe, the mind can achieve.”

How do you believe that something is possible? How do you believe that all the goals that you have, the things that you’ve decided that you want for you and your business are in fact possible?

Eliminate All Doubt

The first thing is to eliminate all doubt, and nothing helps eliminate doubt more than action, which ties back into what we talked about yesterday, which is unleashing the power of goal-setting, and the Rule of Five, taking five actions every single day to work towards your goals. As a reminder, those actions don’t have to be enormous. You don’t have to work 12 hours a day to do it. They just have to move you towards your breakthrough goal.

So how do you eliminate doubt? You start taking action and getting results.

Do Not Let Other People’s Lack of Belief In You Become Your Lack of Belief in Yourself

The second thing is this – do not let other people’s lack of belief in you become your lack of belief in yourself. I cannot tell you the number of naysayers I ran into when I had my first business. I was 23 and didn’t have a college degree. They thought, “Oh my God, this guy is never gonna make it,” and were more than happy to tell me all of the ways in which I could fail.

You cannot let those people, their stories, their judgements of you become your stories and your judgements of yourself.

Now, that can take a lot. It can take a lot of self-work, especially when you have people that you care about, perhaps family members or friends that are close to you, that don’t understand what it means to be an entrepreneur, don’t understand what it means to have your own business. If you have those people telling you all of these negative things, it can be hard to not let that impact you.

One of the things that I suggest to help in that is creating a support structure around yourself of like-minded entrepreneurs that can be there to support you. Here in Northern Virginia we have an excellent meet-up called 1 Million Cups, which is a large mastermind group that meets on a weekly basis. From what I’m told, there’s 250 chapters of 1 Million Cups. The point is to surround yourself with other entrepreneurs that are in the same boat as you so you all can support each other, and in that way, the things that the naysayers will say, because it’s going to happen, won’t affect you as much.

Maintain Your Focus On What You Want

Finally, focus on what you want, and let the how figure itself out as you move forward toward your goal. I can’t count how many people I know or have known, at least over the past 20 years, that have not done what they wanted to do because they couldn’t figure out the entire plan of action ahead of time.

Any entrepreneur worth her salt that you will speak to does plan. We always make plans. We have goals for ourselves. We’re measuring against those goals, we’re executing against those goals. However, you might not know how exactly you are going to make that goal happen.

If you have a goal of a half a million dollars in revenue for your business, and you’re at, say, $100,000, or even $200,000, you might not know exactly how you’re going to get there, but you just start taking action anyway.

You cannot let the unknown, the how, how are you going to get to these goals, stop you from taking action in the first place. And that’s really what it is. That’s a lot of entrepreneurship, is figuring it out as you go. Talking with people, saying, “I tried this, and this is the result I got.” Getting their feedback on what you’re doing, and then changing what it is you’re doing to try and get a different outcome.

It’s just like what we talked about with E + R = O. Event + Response = Outcome. If you don’t like the outcomes you’re getting, change your response. If you don’t like the outcomes you’re getting in your business, change your tactics, change what you are doing to try and get a different outcome.

Tying It Back To What You’ve Already Learned

Confucius said, “When it is obvious that the goals cannot be reached, don’t adjust the goals, adjust the action steps.”

It’s very easy to question yourself and think, “Wow, maybe I set too big of a goal, maybe it was really not within my power to actually achieve this goal.” Bullshit. I’m calling shenanigans on that right now. As Confucius said do not adjust your goal, adjust the action steps you are taking.

Fortunately, there is more than of one of us on this earth, and we can look to people, we can get other people’s help, we can get their feedback on what we can do differently to achieve what it is we want.

That is my tip for you today, that’s number four, which is believing it’s possible, and specifically, believing it’s possible for you.

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