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MIND GAMES HELP YOUR BUSINESS SUCCEED (Part 1 of 3)

Written by: Jonathan Goldhill

Article Overview: Entrepreneurs who learn to play the inner game of business have a better chance for success in their work and personal lives

MIND GAMES HELP YOUR BUSINESS SUCCEED (Part 1 of 3)

Have you ever seen a sports coach pull a player off the field and say, “Get your head in the game”? The same holds true for business. Small business success is less about tactics, techniques or mechanics. Small business success has much more to do with entrepreneurs and how they habitually think and act.

The true battle waged for business success takes place in the mind of every business owner. Being a successful entrepreneur is really about mastering your thoughts, beliefs, feelings and focus.

To take your business and personal life to a higher level, you must master the inner game of business. You must improve your mindset, believe in yourself, and believe in the value of your product/services.

For business owners to be successful and fulfilled (however you define these terms), you need to master five critical areas: self understanding; taking responsibility; have an effective mindset; have a bias for action; and believe in yourself and your business. In this column I will cover self understanding and taking responsibility; the other areas will be discussed in future columns.

Self-understanding: Take time to slow down, reflect, face reality and engage in self-analysis. Seek the truth about your strengths and weaknesses. This level of self-understanding is critical to adjusting plans, strategies, goals and approaches.

Just the facts

Successful owners deal in facts, not fiction. Based on truth and self-understanding, they can adjust their approaches, seek appropriate help, hire complementary skills, outsource certain functions, and work on modifying limiting beliefs, old ways of thinking or ineffective mindsets.

Your business is where it is and what it is because of your thinking and behavior to date. To change your business results, you must be acutely aware of current mindsets, assumptions and conditions. By understanding yourself, you are empowered to change any limiting thoughts, fears, doubts and beliefs. Like radar detecting oncoming storms, you must continually scan for black clouds holding you back.

Do you truly know yourself and know your business? Are you aware of your strengths, weaknesses, motivations and mental gremlins?

Hands-on management

Taking responsibility: Successful entrepreneurs take 100% responsibility for their success and happiness. They do not deny, dismiss or delegate responsibility. They like being in charge of their own destiny. Successful entrepreneurs don’t waste time or energy blaming the economy, the competition, the stock market, their spouse, their employees, their clients, etc.

To do so is to give their power away. That would be giving up and admitting that they can’t change their present circumstances. When you take responsibility, you can always chart a new course or improve upon anything.

Do you truly take 100% responsibility for your success and happiness? Do you spend energy on making excuses or making money?

In my next column, I’ll dive into how an effective mindset and a bias for action can set you on the road to a successful business and balanced life.


Jonathan Goldhill is Owner of The Growth Coach in LA, a business coaching and growth consulting firm. He runs coaching programs and peer groups that help business owners, entrepreneurs, and professionals become more effective. Jonathan can be contacted via email at Jon@TheGrowthCoachLA.com or phone at (818) 716-8826.

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