In starting and figuring out how to grow businesses, I’ve found that the ‘mental game’ is one of the biggest pieces to the puzzle. Rob and those in the Progressive training community frequently mention the phrase, “skill set without the mindset will leave you upset”. I fully agree and as Chris and I work at growing our property business we are very aware of the mental rollercoaster we are riding. That’s why I’m a big fan of reading/listening to/watching material that will help master the mindset, and I write copious notes on wisdom I want to refer back to (geeky I know).
Rob recently did a great series on the ‘Entrepreneur’s Mindset’ and I captured the summary of his key points to add to my notes. These are proving a great reference for me so I’m sure there will be others out there who will benefit from this little cheat sheet.
Rob’s top tips on mindset:
- The plight you are on, someone else has started and endured, hunt them down and learn from them
- Take full responsibility, have extreme ownership, never blame, always give credit away and if anything happens accept responsibility and sort it out
- Test fast and small to de-risk big problems and to get yourself moving rather than having to wait and get all ducks in a row
- Net worth is self worth plus your network
- You are the easiest person to lie to so take self out of the equation and get a coach, accountability partner, be in masterminds
- Be a problem solver – you don’t have to know the solution to the problem, you just have to want to solve it
- Be it til you see it- the legacy you want to leave and the person you want to become- be it and live it every day towards your legacy rather than thinking that when I’ve done X or when I’m at Y then I’ll be good enough
- What you are struggling with you can learn a solution to and grow through the challenge
- The past doesn’t dictate the future so don’t take all your baggage from the past into the future
- Only ever compare yourself to who you were, not who you want to be and not by de-pedestalising yourself below mentors and gurus. If want to compare yourself to anyone it’s for inspiration because you want to have that trait, not because you want to be that person. Also look at where you were 2 years ago…if you don’t have quite what you want yet, what do you have that’s proof you are better than where you were? Lift yourself up, don’t put yourself down.
- Your biggest fears rarely happen so don’t let them consume you. At the same time your fears are there to serve you to help you grow and to give you wise feedback
- Scarcity or abundance thinking – there are infinite resources and money out there and plenty for us all to be millionaires, so have a mindset of abundance
- Are you using your resourcefulness and creativity or are you relying on outside factors?
- Mastering your emotions is a daily thing to work on like eating and going to the gym, keep working on it. You want to get emotion out of the way so can use logic based decision i.e. before making big decisions or communicating with people on important matters.
Brief update on our business activity from the week that was:
We launched our latest SA unit last Sunday and welcomed our first guests. We are underway with the build of our SA website, which is fairly straightforward thanks to using a simple kigo template. We have also viewed a couple of development sites, a property to assess for flipping and a potential R2R.
All in all a busy week and eager to continue the progress into next week.