I was driving to work when I received a phone call from one of our business employees. One of his colleagues is ill and we are in the peak month with a heavy workload. We have a commitment date for a major client that day.
Business problems like this occur in day-to-day business operations.
How you handle those business challenges and how you handle your own emotion as an entrepreneur can have a big impact on your business performance over time.
The Entrepreneur and His Emotional Swings
Contrary to popular belief that entrepreneurs are very logical and emotionless, the fact remains that entrepreneurs are still humans subjected to the range of emotion on a business day like a roller coaster.
Due to the nature of the business, owners are subject to emotional ups and downs, such as closing a corporate account with a very large company, and emotional stress such as employee problems, business lawsuits, and cash flow problems.
3 Things to Do to Master Your Own Emotions and Solve Business Problems Effectively
1. Take advantage of business challenges as part of your business life
Simply put, frustration and anger are a sign of unsatisfied and poorly managed expectations.
By adjusting your business expectations from the start, you are not only preparing to master your emotions, but you are also preparing for action. By doing this, you stay prepared for any business situation without being surprised.
I’m still amused by my own reaction from time to time. I still find myself angry when I encounter obstacles and trade obstacles.
Funny isn’t it?
It is a commercial fact that from the day he started to put on the entrepreneur’s hat, he is committed to facing the commercial challenges that he will face every day.
Business challenges should excite you. You must be excited to be in the heat of the action and use all your means and resources to find the best and simplest solution.
The next time you are upset with the business nuisance, you should remember that this is also part of your “job description” as a business owner.
2. Redefine what it means to win
It is human nature or perhaps due to media conditioning seeking homerun all the time, all the time.
The goal-setting gurus told us and sold us on the idea that all we have to do is focus on our goals and breathe it in every day and it will draw us.
Please don’t get me wrong. I admire most of them and I also set my goals.
But in business and even in baseball, the best player is not the one who gets every home run on the field every time.
There will be free nights. There will be times when a good pitcher hits you.
Warren Buffet also has bad stocks. And even Bill Gates doesn’t have a good business day all the time. And so it is true with me and with you.
As an entrepreneur, you must redefine what it is to win.
Some of our business ideas and launches and commercial products will fail, some will be balanced, but this is the best part.
Some of them will be winners who will make up for the rest.
Your goal as a business owner is not to get 10 successes in your 10 business launches. It’s almost impossible …
Your goal is to win so much with your winners that all of your total losses do not match in terms of quantity.
Lose $ 100,000 in 4 businesses and earn $ 500,000 in the other two.
You are not smarter than your market. The best entrepreneurs know this. They test and launch smoothly on their products before launching and launching them on the market.
If it fails, they abandon the idea without feeling like a failure. If it is an equilibrium point, they make some adjustments to improve the results.
But when they get to the winners, they work like a dog promoting their products everywhere, doing joint ventures here and there, and using all the applicable marketing channels they can use.
3. Enjoy and have fun
Most of us entrepreneurs are attracted to business due to the possibility of unlimited income that our business could give.
It remains a fact, that business and real estate remain the best path to financial independence.
But here’s the problem.
The time frame of business income is different from industry to industry and there are many factors to consider including your business skills, industry competition, business positioning, customer profiles, and all of those things.
Are you in business just for money? Is it about money?
I have bad news for you, you will never receive it.
From the wisdom of John Rockefeller, who still considers himself the richest man in the world …
“If your only goal is to get rich, you never will.” – John Rockefeller
Doing business that you don’t like is not a good idea.
I am also for the benefit. But I want to make sure at the same time that I enjoy what I’m doing. Yes. Jerry Maguire: Show me the money, but it’s not enough. It should also be fun!
Why Is It Important to Go Only in a Business That You Enjoy?
First, there are many ways to get rich. Why not choose a path that aligns with your passion and values?
Second, when you love what you do, you work hard without feeling the extra effort. Give more and look for ways to find out the other way around.
Isn’t that what we need to be successful?
Third, when you love what you do, you tend to stick to your business plan and don’t jump from one business opportunity to another.
Incidentally, this is one of the main causes of business failure. Lack of focus and overstretching. Taking advantage of so many business opportunities at the same time.
Fourth, the life of an entrepreneur is an action-packed life. Do you prefer to do the action in the business that harmonizes with your passion?