6 Seasoned Entrepreneurs Share Strategies on Perseverance

Shared from The Oracles, A brain trust of high-level entrepreneurs

When starting out in business, it can be difficult to generate self-belief if you’ve never done it before. “Maybe this isn’t for me,” you think after the 10th hot lead says, “I’ll pass.”

These seasoned entrepreneurs and members of The Oracles share their strategies to program your mind for relentless perseverance.

1. Take the punches.

Gary Vaynerchuk – a Belarusian American entrepreneur, author, speaker and internet personality.

Most people claim to be “entrepreneurs” but aren’t. I don’t pretend to be an NFL quarterback. But that’s what’s happening in the startup space.

After getting an F on my fourth-grade science test, I remember sitting in my small bedroom, making the mental decision to screw school and become a businessman. (This was long before becoming an entrepreneur was “cool.”) I was prepared to eat the pain ahead. I would win by honing my selling skills, which started with baseball cards and evolved into wine.

My inside voice said, “Listen, Gary. I’ve got some great F-ing news. You’re going to be 100 percent right. It’s gonna happen. You’ll prove them all wrong.” You need that unshakable self-belief. Otherwise, you’ll quit after one “punch in the face” or failure.

Everyone falls on the scale from a “wannapreneur”who quits and gets a job after the first punch—to an entrepreneur who builds a business that lasts. So, do your thing, don’t settle for the norm and go for it

2. Mimic success.

Tai Lopez –  investor and advisor to many multimillion-dollar businesses, who has built an eight-figure online empire

If you understand the psychology of our brain, humans are built to “mimic.” So, if you’re trying to self-generate belief, you’ll always fail. You have to find success and mimic it. The simplest three places are autobiographies or biographies, videos, and an in-person mentor.

Read different types of books throughout the day but Tai Lopez finds autobiographies or biographies to be best at night. They’re not too technical like a “How to” book that will keep you awake. They’ll give you inspiration and build your courage. You’ll see that other people have done it before, yet it wasn’t easy. They had to work through multiple ups and downs.

Secondly, watching videos is probably the best way to replicate success because the human brain literally mimics what it sees. Watch videos of successful peoplefor example, a TED talk, a billionaire speaking at a conference, or just a documentary.

Finally, an in-person mentor can walk you through a challenge and say, “Hey I’ve been through that.” Look at professional athletes: they always have coaches who’ve “seen it all.” Find someone who’s seen it all. Otherwise, you won’t self-generate enough belief to make it through the fires of life.

3. Lead confidently and think big.

Moshe Malamud – founder and CEO of M2Jets

First off, lead confidently and trust your team to create extraordinary results. The universe moves in your favor when you have a dying passion for creating a business you intrinsically believe in.

Moshe acquired the Franklin Mint, a billion-dollar global brand with hundreds of employees and a chain of retail stores. It was a company running 1,000 miles an hour, but inefficiently.

A complete restructure, change of management, and some downsizing was required to maximize results and profitability. It wasn’t easy. Dismissing good people, then creating a winning culture within the ranks was also extremely difficult.

However, Moshe was confident in my leadership and surrounded myself with a winning team to succeed within a reasonable time frame.

Second, have a limitless mindset. Almost anyone can start a business, but they are normally out of business within two years.

Some people want to be entrepreneurs because it sounds sophisticated. Others hate taking orders from their boss. But to build a truly successful business, you’ll need to stop thinking on a minuscule level.

Moshe often asks budding entrepreneurs, “Why create a candy store when you can build a candy empire?” Don’t create a company; build an empire with unlimited potential.

Anyone can be ordinary. So, upgrade your belief system to dictate what’s possible. If I had any self-limiting beliefs, my company, M2Jets, would never own a fleet of aircrafts and a charter book of hundreds of the world’s most successful clients. Don’t sell yourself for less, when you can achieve so much more.

4. Influence your outcome.

Roy McDonald – founder and CEO of OneLife

Roy’s self-belief is derived from knowing that I am creative and, from experience, can create anything I want. The ability to manifest your deepest desires can be fine-tuned with two powerful tools:

First, knowing the outcome before you start is incredibly empowering. When goal setting with clients, we always start with the end in mind and work backward. Where would you like to be in seven years? Who would you have to become to achieve that goal?From there, plan each year and each step to be on track with your final outcome.

Second, be very clear that you can influence the outcome with the power of thought and intention. It’s important to focus on what you do want, instead of what you don’t want. This can be as simple as changing your thoughts from, “I don’t want to be in debt,” to, “I’d like to be financially free and secure.”

 

5. Rewire for real success.

Com Mirza – “The $500 Million Man” and CEO of Mirza Holdings; failed in eight companies back to back and today, runs a nine-figure empire with over 600 employees

The major difference between people who fail and succeed in business is their sense of belief and level of mindset.

Successful people downright love what they do and recognize it as a gift. Recognizing your gifts and talents unleashes your hustle when faced with adversity.

 

6. If entrepreneurship was easy, everyone would do it.

AJ Rivera – seven-figure marketing expert, business adviser and CEO of PT Freedom

Successful people have a “growth mindset.” Something might be challenging but with effort, they can master it. Attitude determines success.

I’ve adopted a growth mindset through meditation and mentorship. Meditation gets me “out of my head” from making fear-based decisions.

Mentorship is a must. Someone holding you accountable saves you tons of time. Learning from their mistakes and successes leap-frogs you forward.

I think of the Christmas when I hadn’t paid myself in two months and was about to close my business. Meditation focused my mind on the “why” — the purpose behind being an entrepreneur. My mentor reminded me that if entrepreneurship was easy, everyone would do it.

He asked, “Are you willing to go through the pain necessary to reap the rewards?” Those words still stay with me today.

The world doesn’t owe you anything. If you want something, be willing to bleed for it. Endure all the uncertainty, fear, panic, and yes, even pain.

You don’t get to “cherry pick” which parts of entrepreneurship you want. Either take it all or choose another path.

In Summary

If you are serious about you entrepreneurial journey you must invest in you intellectual capital.  The best way I know how to do this and the path I chose is Attraction Marketing and you can too!

 

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CECELIA MORRIS

Cecelia wanted to Take Charge of her own destiny so she incorporated herself as a business in 2003.  She knew that network marketing was the right business for her because it offered low startup costs, played to her strengths; and it is portable and highly profitable if done right. With each company she tried she always struggled with business building – finding leads/prospects and creating the automation her upline talked about.  That’s when in 2008 after getting laid off from her job she put her Masters Degree in Marketing and Information Systems to work. Through her search efforts she found a company that taught her how to leverage the Internet and the power of Social Media to consistently build an endless list of qualified leads and prospects that are interested in what she has to say and what she has to offer. She learned how to make people come to her using the Attraction Marketing Formula.  Now a home business owner Cecelia’s mission is to empower her customers, clients, members, partners and friends with the opportunity to Take Charge of their own lives and create their own financial futures.