The 7 Best Ways to Stay Motivated as an Entrepreneur
There are many ingredients to creating entrepreneurial success. You need the right mindset. You need the right business idea. You need the right attitude and the opportunity to bring everything together. However, you can have all of that and still find that success eludes you. The truth is that we often romanticize the process of building a successful business. The reality can be far colder and more demoralizing than you realize. It is enough to sap the motivation of anyone. Thankfully, there are plenty of ways to stay motivated and moving forward. We’ll discuss some of the best tactics to motivate you toward success in this post.
There’s a lot of talk today about how entrepreneurs should not fear failure. It’s going to happen to all of us at some point. It should be accepted. That’s true. However, do not overlook the value of fear of failure as a motivator. I’m not suggesting that you should be quaking in your boots. Again, failure will happen, and if it doesn’t, it is often a sign that you are not pushing hard enough. However, you should never want to fail. As inescapable as it might sometimes be, it should be something that you flee from. It should be something that motivates you to push harder, to go farther, to work harder, in order to see your dreams come to fruition.
What sorts of failure should you fear? One of my own fears is that I’ll one day be that old, stodgy business owner being out-innovated by 18-year-old kids who have yet to earn their first million. Failure comes in many different forms; it’s not just about your business falling flat on its face. Find what fear motivates you and then let it light a fire under you.
Set Goals and Work Toward Them
Another way to stay motivated when things start to get dull or challenging is to set goals and chart your progress toward them. I don’t know about you, but there is nothing quite so exciting as realizing that I’m nearing one of my most challenging goals. I can almost taste victory, and that just reinforces my drive to push forward and to reach that goal. Of course, you can’t chart your progress if you don’t know where you’re going.
So, I urge you to use 'The Ultimate Goal Setting Planner' and set goals. Know what you want. Know how you’re going to get there. Then, push yourself to reach those points, one after the other. Measure your progress. Let proximity to your goal excite you – it will fuel your efforts and help keep you moving forward when other entrepreneurs would fall by the wayside.
Find Inspiration in the Success Stories of Others
We like to think that entrepreneurs are a breed apart – we’re the rarities in the sea of humdrum humanity. That might be the case in some ways, but we’re definitely not rare. There are millions of successful entrepreneurs in the United States alone. While that might take some of the shine off your notion of uniqueness, it’s actually a good thing. That’s because millions of successful entrepreneurs means millions of stories of overcoming insurmountable odds and persevering in the face of disaster. Learn from those stories. Identify the lessons that every single successful business owner has to teach and learn them by heart.
You will find that whatever challenge you face, whatever hurdle you’ve encountered, or whatever roadblock your business has hit, someone else has been there before. Not only that, but they have found a way over, under, around, or through, and you can learn from their efforts. Find inspiration. Talk to other business owners. Read their accounts in trade magazines or other sources like Forbes and Entrepreneur. Use that to keep yourself moving forward. A good book to read that covers the tactics, routines and habits of billionaires is 'Tools of Titans by Tim Ferris'.
Make Time to Exercise and Eat Right
All too often, we feel drained and lost not because of the challenges we face, but because we do not allow time for self-care. There’s this idea out there that sleep is for the week. That you need to be always moving forward no matter what in order to beat your competition. There’s some truth to that, but the larger truth is that if you do not take care of yourself, nothing else you do will matter. Sure, you might found a billion-dollar company, but if you die the next year, what was the point? What did you achieve? You didn’t even have time to enjoy the spoils of your victory.
The point is this – take care of yourself. Eat right. Get regular exercise. Take time to clear your mind and relax. It’s not wasted time, either. You will find that eating right, working out, and getting the rest your body needs raises your energy levels substantially, providing the motivation that you need to push forward even harder. Go found that billion-dollar company, and make sure that you’re around to enjoy your own success.
Structure Your Day Right
Take a look at every successful entrepreneur and you will find that most of them have several things in common. One of those is that they have a mindset of success. However, another is that they all have morning routines that allow them time for themselves, but also time to focus on their business plans.
Here’s how such a structure might work. You get up in the morning, preferably several hours before you need to be in the office. You take time for you initially – that might be meditating over a cup of coffee, catching up on the news from overnight, praying, anything that lets you be alone with your thoughts. Next, you shower and then eat breakfast. Immediately after eating, it’s time to start planning your goals for the day.
There’s a trick to setting your goals. You should make about three-quarters of them business related. You might need to get in touch with investors, or you could work on marketing. You might decide to focus on video production for YouTube and social media. Whatever the case, make sure that you’re planning for building your business.
The last quarter of your plans should be personal. They should relate to you and your private life, not your business. You could set a goal to go for a 30-minute run during your lunch break. You might decide that you want to watch a movie (click here for a movie recommendation that will actually make you smarter) tonight with your spouse. Whatever you decide, it will give you a personal reward to look forward to at the end of the day.
By setting both business and personal goals, you engage both sides of your brain. You give your entrepreneurial side something to fuel it, while also ensuring that your personal side receives a reward during the day.
Focus on Sleep
As I mentioned above, there’s this idea that sleep is something for the weak. It’s pervasive in American business culture today, and it’s completely untrue. Sleep is necessary for everyone. And, mounting scientific evidence points out that not getting enough sleep will do more than just make you tired the next day. It increases your risk of heart attack and stroke, raises blood pressure, reduces your IQ, and causes numerous other negative impacts. So, if you really want to stay motivated and moving forward, make sure you’re getting enough sleep.
Once upon a time, going to bed at the same time every night and getting up at the same time each morning was really all you could do here, but things have changed. I recommend getting the Motiv Ring that also tracks sleep so that you can home in on how much sleep you’re actually getting at night, and then take action to improve things if you’re not getting enough.
For instance, if you find that you’re tossing and turning a lot, it could be your mattress. It could be the temperature in the room. It might be alcohol related, or it could be that leaving the TV on at night is actually disturbing your rest. By tracking your sleep, you are able to drill down into what’s causing you to lose those Z’s.
One sure way to demotivate yourself is to make life all work and no play. Even the most business-oriented entrepreneur will eventually fall off the wagon if all they do is work, work, work. You need to reward yourself for a job well done. Not only do rewards give you something to look forward to during the week, but they help to motivate you to work harder for the next reward. What sorts of rewards might you give yourself? Actually, anything that has value to you personally may work. You could take yourself (and your significant other) out for a nice dinner. You could buy something you’ve always wanted. You could plan a dream vacation. Really, it’s up to you and what matters to you.
Motivation – it’s one of the most essential ingredients to business success. It’s also one of the most ephemeral. Thankfully, the tips we’ve discussed above will help keep you motivated and your nose to the grindstone. I also invite you to sign up for my 'Six Figure Sunday' course (click here to sign up) where I will teach you everything you need to know to earn a six-figure income while just working a single day each week.