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BY GEORGE H. ROSS

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emotional entrepreneur

Entrepreneurs: How to Master your Emotions – Toronto Real Estate Event

April 6, 2015 4:33 pm | Leave your thoughts

 

Last time we talked about naysayers — but what if the naysayer is in your own mind?

“I just lost 9% overnight?! Fill a bathtub and get the toaster. I’ve had enough. Wait…I actually gained 13% while in the bathroom? I’m f**king Superman!”Tim Ferriss.

Your emotions are vital to success. The psychological price of entrepreneurship can lead to great rewards and success — but it can also lead to breakdowns.

This consequence is considered the “wiring” that helps make entrepreneurs so successful. Building a business can be a great way for people with this type of personality to apply their energy and creativity.

Remember, if this path was easy, everyone would be doing it! This is why many of us choose not to go down this path, so we don’t have to face the emotional and psychological side-effects. Some of us would rather live without it, and some of us wouldn’t be able to thrive without it!

What’s important is to understand the patterns of these ups and downs, and not necessarily to try and figure out why they’re there. Based on a recent brainstorming session, we’ve identified four general stages of the entrepreneurial roller coaster:

Stage 1) Excitement, enthusiasm, calm optimism.
“Everything is going SO well, even when it isn’t perfect.”
“I’m SO EXCITED!!!”
“This is working SO well!!”
“I just landed a deal.”
“Even though things aren’t exactly together, we’re going in the right direction and we’re getting to where we want to be.”

Stage 2) Management, checking in.
Checking Facebook and Twitter analytics.
Answering e-mails.
Checking up on your staff, or making phone calls.
Checking things off your to-do list.

Stage 3) Analysis, questioning.
“Why isn’t this f**king working?!”
“Can I do this?”
“Is this possible?”
“Why aren’t my friends supporting me?”

4) Blame, doubt, general thoughts of ultimate frustration, feelings of failing and giving up.

…The trick is to constantly re-route yourself back to Stage 1, to get excited again.
Think about the things you were excited about in the first place.
Find your reason.
Harness your passion.
TAKE A BREAK.
Focus on receiving and spending time doing other things for yourself.

And if all else fails, the 80-year-old rule usually gives you your answer. If you were 80 years old and you looked back on your situation now, would you regret it?

Either way, decide where and how to move forward.

BRINGING TRUMP STRATEGIES FOR REAL ESTATE TO TORONTO 2015

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—Lindsay R. Allison
Event Coordinator
Co Founder of EmersonRose Events Inc.
Partnered with GS Maher Property Holdings Ltd.

 

References: http://www.inc.com/magazine/201309/jessica-bruder/psychological-price-of-entrepreneurship.html
http://pando.com/2013/02/20/why-many-entrepreneurs-are-privately-suffering-and-what-to-do-about-it/
http://fourhourworkweek.com/2008/10/03/harnessing-entrepreneurial-manic-depression-making-the-rollercoaster-work-for-you/
Photo Source: http://www.entrepreneur.com/article/231691 



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