5 Entrepreneurial Mistakes That Keep Us From Growing


Believing that personal gain is achieved by crushing others.
We tend to see the market as if it’s a fixed pie that if someone takes two pieces you get none. This is where I often hear the excuse “there’s already too many people doing that.” The reality is that unlike a regular pie, the market pie continues to expand. Growth moves towards ubiquity, diversity, specialization, complexity and socialization. That means there’s room for everyone if you can differentiate yourself.

Worrying about things that are out of your control.
I remember getting stressed out when I felt one of my employees on the verge of leaving. But then I came upon a statistic that showed the average turnover rate per company was 10% and mine was 10x better than the average. I had never factored in that a certain percentage of people are inevitably going to leave. Worrying about something out of my control created stress that trickled into other parts of my life, for nothing. If you can’t control it, let it go. When you learn to let go, you grow.

Insisting that something is impossible because of the past
Everyone that ever did anything significant in this world was told it was impossible. The only difference between the average person and the “genius” is that the genius sticks with the question longer. And the genius believes in themselves. They’re optimistic about the future. Persistence and belief in yourself are key. Don’t let your past determine your future. Keep your head up because it’s hard to give up your past if you think the future holds nothing for you. You’re not too old or too young. You’re not too in debt or too unsupported. You’re scared (and that’s normal) but the only way to change is to face your fear and move into the uncomfortable.

Refusing to drop distractions
Drop the Netflix series. Put away the phone. Do one thing at a time. Keep focus. Distractions are at an all time high. It’s an addiction that boosts your dopamine level every time you hear the sound “ding”. Every phone app company is fighting to distract you. To get their notification to appear on your phone. Turn them all off and start creating value. In sales the saying goes ABC (always be closing). I like to use it to say “Always Be Creating”.

Neglecting personal development
Setting goals is obvious but what about learning goals? What do you need to learn to get to the next level? To leave your mark on the world, to create your utopia, to have more structure, to connect with others? Set yourself learning goals along with your regular goals. Let one book lead to the next book. Let your curiosity free and never stop learning.

Also published on Medium.

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