Good morning, Believe Nation! My name is Evan Carmichael. My one word is believe, and I believe that entrepreneurs will solve all of the world’s problems. Today’s message is Don’t Care What Others Think. Over to you Warren Buffett.
Don’t CARE What Others Think – Warren Buffett
It never bothered me if people disagreed with what I thought as long as I felt I knew the facts. I mean, there’s a whole bunch of things I don’t know a thing about . I just stay away from those. So I stay within what I call my circle of competency, and Tom Watson said it best. He said, “I’m no genius, but I’m smart in spots, “and I stay around those spots.” Well, I try and stay around those spots and I just don’t have a problem if somebody says, “You’re wrong on something.” I just go back and look at the facts and I think that really is much more important, frankly, than having a few points of IQ, or having an extra course or two in school, or anything of the sort. You need emotional stability.
I really love that last bit that he talked about, emotional stability. I think it’s really important for entrepreneurs to understand where your threshold is of how much crap you can take from other people, how much negativity, how much feedback and criticism that you can take without it impacting your psyche or your self-worth. I think, in general, as an entrepreneur you need to be prepared to get a lot of crap, a lot of negativity, a lot of stuff thrown at you, and yes, it’s easy to say, don’t care what other people think, but understanding what your tolerance level is, and where you kind of fit on that spectrum, can really help you design the rules, so that they’re in your favor.
So as an example, there’s a guy on my team who doesn’t handle criticism as well. I’m a lot more comfortable in the uncomfortable, where he can bounce around a lot more. He’ll be on top of the world, like this is great, and then a negative feedback comes in and it really impacts him hardly, and then a positive one comes in and he jumps back up, and so for someone like him, you can’t design as much risk, as much negativity or potential negativity so you got to take a safe path up.
Where for me, I’m more comfortable in the uncomfortable. I know that eventually something’s going to work out, and I know that at the beginning of any project, it’s going to be rough, that it may not work out, that we’re going to get some criticism, and so I’m more willing to jump all in, in playing that field, even though it’s painful at the moment because I know the faster I get through that pain, the faster I’m going to come out the other side.
“As an entrepreneur you need to be prepared to get a lot of crap, a lot of negativity, a lot of stuff thrown at you, and yes, it’s easy to say, don’t care what other people think, but understanding what your tolerance level is, and where you kind of fit on that spectrum, can really help you design the rules, so that they’re in your favor. ” – Evan Carmichael
I want that feedback, and criticism negativity as soon as possible, so that I can make it better! Better for you, better for me, better for everybody! And so understanding what your tolerance level is, of emotional stability, how much you can take, from your friends and your family and your customers and your audience and the people watching you, before your break, and then being able to play, just below that limit.
‘Cause you can’t just play super-safe, ’cause that’s not going to make you happy as an entrepreneur. But know what your limit is and playing just below it, so that it’s uncomfortable, it’s painful, but your still going to be able to get through it, I think is really important, that self-awareness, I think is really important as an entrepreneur.
Question Of The Day
So the question today is, I’m curious, how high is your tolerance level for taking criticism from other people? How much does it bother you and can you get through it or not? Really curious to find out. Please leave it down in the comments below.
I also want to give a quick shout out to Leithland Lyon. Leithland, thank you so much for picking up a copy of my book, Your One Word. I really, really, appreciate the support, and I hope you’re enjoying the read. So thank you guys again for watching.
I believe in you. I hope you continue to believe in yourself, and whatever your one word is, and I’ll see you again tomorrow morning for another shot of Entspresso! ♫ I wake up every morning ♫ Espresso keep me goin’
Don’t CARE What Others Think
If the rest of the people really fee; that I am a politician or furthermore a bad politician, then I feel sad or a cunning, liar politician, then of course, no problem, no problem. Some say I’m a good person, some say bad person it doesn’t matter. As long as my own motivation for thinking is to be honest, sincere that’s important. That’s simple Buddhist monk – actually Buddha taught. Don’t care what other people say. Id one person says to much praise then at that time you should think: O also have also have the critics then if someone says a lot of criticism then you should think: some people praising me. So it doesn’t matter. Paying too much attention to these things is silly.
Interviewer: How did you ignore all those naysayers and continue to sort of blaze the trail –
Well 95 percent of all new ventures fail, so if you just bet against all new ventures, odds are 90 percent that you’re going to be right, 90 percent of the time, but, you’re going to miss that one out of ten or one out of 20 chances to really hit a home run. And, I wasn’t worried about the naysayers saying it wasn’t going to work. I just laughed about it, because I knew it was.
Interviewer: And you worked very hard at it as well.
I wasn’t going to let it fail. And if you read my book, it’s right there. I wasn’t going to let it fail, and I’m not going to let, I’m not going to let humanity fail to get rid of nuclear weapons and handle this energy thing. I’m going to keep fighting till we start getting it right.
Interviewer: Pay a lot of attention to reviews and those kind of things.
Well, you know, you’re always affected by opinion, but the more opinions there are of you, of me, the more, the less I look at them, because I just can’t live my life based upon what other people think about me. So I can’t concern myself too much with what other people think, you know, it’s just not healthy. I don’t think I could continue to do what I do if I was constantly worrying about what somebody thought about it.
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