Three Ways Your Mindset Influences Your Life
Being an entrepreneur comes with a plethora of problems and several perks. One major issue involves your business approach and determining whether you’re setting yourself up for success or failure.
Using your common sense to figure out what mindset you have is necessary. If you’re terrified of failing, chances are you’ll fail since you won’t want to take any risks and hence won’t take any action. However, you CAN change your perspective so that instead of being fearful, you become determined to make your business a success. Which circumstance do you prefer: being resolute and taking action, or being shy and cowering in a corner and not taking action?
Below are some mindsets that may negatively affect your business:
1. A negative perspective might have an impact on your confidence. How do you react when your supervisor or client tells you that you made a mistake or they are dissatisfied with your final product? Does it rock your life for days on end, or can you recover, make the necessary changes, and go on? If your brain tells you to strive for perfection, you’ll be immensely upset if you make a mistake or misinterpret your client’s needs. Accept that you are a human and find a way to make the client happy. Take note of the lesson, and put a new process to prevent that type of mistake from happening again.
This lack of confidence may have prevented you from making the transition from employee to entrepreneur in the first place. Do you want to be confined to a cubicle for the sake of others, or do you want the freedom to establish your hours, accept the clients you want, and answer only to yourself?
2. A poor mindset might impact how you set prices. “Money barriers” is a trendy expression these days, yet I still hear tale after story of solopreneurs who routinely underprice their services. If you underprice yourself only to obtain the job, you risk not earning enough to pay your bills, and you’re subliminally signaling prospects that you don’t value yourself enough. If clients are hesitant to pay your fees, they aren’t the proper clientele for you.
3. An imposter mentality can impact how you present yourself to others. Another specific topic among solo entrepreneurs is the feeling of being an imposter, especially if their abilities are self-taught or their market already has thousands of competitors. Feeling like an impostor contributes to the other conditions mentioned above, in which you lack confidence and don’t charge your value because you believe you’re not good enough. Prospects will likely reconsider employing you if you project this image to them simply because they want to be confident that you are qualified for the job.
Knowing and understanding your mentality regarding various parts of your business is critical for personal and business growth. But don’t give up: with consistent effort, mindset shifts are undoubtedly attainable. Changing negative self-talk into positive self-talk, or adopting the opposing thought, is frequently required. So, if you’re not sure about a situation, think of all the excellent work you’ve done for your clients and read their testimonials instead. If you do it enough times, your confidence will develop.
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