For many people, moving into a new year involves taking stock of where they have been, where they are going and, most importantly, what makes up the in-between. If you are one of the many interested in maximizing yourself and your business, the first place to start is your mindset. Your mindset is simply the collection of thoughts, attitudes and beliefs that shape your actions and habits making it incredibly powerful. So much so that change of any kind relies on the ability to look inward and adapt your way of thinking.
In fact, developing a winning mindset is what differentiates a good entrepreneur from a high-performing business leader. As Robert Glazer explains in his book Elevate, “When you see two people of equal intellectual and physical capacity achieving different outcomes, it is likely to be due to an imbalance in emotional capacity. For most, it is the missing piece in our quest to build capacity.” Changing the way you think ultimately allows you to shift your perspective on situations, enhance your abilities, build capacity and achieve more than you thought possible.
So, how can you develop a strong mindset and live with intention? It all starts with a few, specific mental shifts. Below are five important changes that will help you unlock new levels of performance and reach your fullest potential.
1. Make Peace with Failure
It is impossible to talk about the steps to success without also diving into the truth about failure. For the most part, people tend to view failure and success as opposites. The simple truth is that no great success was ever achieved without its fair share of setbacks, challenges, mistakes and the unexpected. Failure and success go hand in hand.
Typically, when someone has experienced success, it is because they first failed, adapted and persevered. The key is to challenge the way you view failure. Rather than thinking of failure as a final defeat, see it for what it truly is: an opportunity to begin again.
2. Build Resilience
While experiencing dips and curves on the entrepreneurial roller coaster is normal, without resilience, you may be tempted to give up – even if what you are striving to do is fully aligned with your purpose. By building resilience, you will be less and less affected by events in your life and be able to reframe those challenges into something more positive. How do you develop resilience? Rewire your mind to focus on the positive, rather than the negative.
Embrace the fact that you may not be able to change every circumstance, but you can change how you interpret and respond to them. Turn setbacks into advantages by viewing them as catalysts of growth and progress.
3. Recognize Your Worth
The foundation of any successful business is creating and delivering value in a unique and efficient way. However, before you can provide value, you must first understand your own value and worth. Identifying your strengths, abilities and natural gifts will help you see exactly what makes you stand out from the rest, as well as accept your shortcomings.
Thus, knowing what you bring to the table is the cornerstone to achieving your goals. In the words of American poet and businessman, Sydney Madwed, “If you want to be truly successful, invest in yourself to get the knowledge you need to find your unique factor. When you find it and focus on it and persevere your success will blossom.”
4. Embrace Discomfort
A common misconception is that obstacles will eventually fizzle out when you reach the top; once your goals have been achieved, problems will become a thing of the past. In reality, each time your business grows and scales to the next level, brand new challenges arise. You will never run out of problems, they simply change.
That is why it is so important to shift to a problem-solving mindset and embrace the power of discomfort. Remind yourself that discomfort is a sign you are trying new things, taking calculated risks, asking tough questions and moving past your fears – you are headed in the right direction.
5. Lean on Your Why
Take a moment to ask yourself, Why am I so dedicated to doing what I do? What is it that drives me to keep going when things get tough? Your “why” matters. The most successful entrepreneurs and leaders have a strong clarity around their purpose. In turn, their actions are focused around supporting that why. When you are uncertain about your next step, feeling lost and overwhelmed with options, you can circle back to your “why.” Reminding yourself of why you started down this path in the first place will help you tap into your deeper motivations. As they say, once you know your why, you can figure out the how.
Most importantly, successful entrepreneurs realize self-improvement work is never done. Utilizing the tips above will help you approach challenges from a completely different mindset and jumpstart your journey to greater growth and fulfillment.
Security Business Capital’s Invoice Factoring Services
Do you need extra cash and support to prepare for a successful New Year? To ensure a strong start, consider the benefits of partnering with an invoice factoring company. Through invoice factoring services, you can use your business’ unpaid invoices to secure the cash you need quickly and easily. You also gain assistance with key back office tasks like collecting payment and maintaining records.
Our invoice factoring services can transform your business’ cash flow, enabling you to manage the unknown, easily cover daily costs and jump at opportunities to expand.
Security Business Capital has built a dedicated team of individuals with years of expertise in providing flexible cash flow solutions that help businesses grow and thrive. To learn more about how our invoice factoring services work and how they can help your business, contact us today for a free quote and consultation.