How To Overcome The Ups & Downs as an Entrepreneur TODAY

About this video

Martell outlines five ways to overcome the entrepreneurial roller coaster, drawn from an hour-long conversation with a friend whose brick-and-mortar business, he says, lost 70% in COVID and faced staff, leases, equipment and inventory pressures. First, success filters: at each stage of revenue and team growth there is resistance designed to stop people, and business is supposed to be hard — it does not get easier, you get better. Second, keep an accomplishment list on your phone of things you are proud of since birth and revisit it before hard moments; he cites his own marathons, from 5.5 hours in 2009 to four hours and 12 minutes on a later attempt. Third, reconnect your future with a 10-year vision, focusing on the where and disconnecting from the how. Fourth, get around positivity by naming three people who pull you up and give a different perspective. Fifth, audit habits: ask what you missed and what successful habits you stopped doing, and focus on what you can control.

Key takeaways

• Expect success filters at every growth stage — challenges such as COVID, a pulled line of credit or a key person leaving are normal obstacles, not proof you should quit.
• Keep an accomplishment list and relive past hard things you pushed through to rebuild confidence when you are in a low.
• Reconnect to a 10-year future vision: describe what life and business could look like in a decade, and focus on the where rather than worrying about the how.
• Write down three people who consistently pull you up and seek their positivity and perspective when you are struggling.
• Audit your habits: identify what you missed and which daily and weekly success habits you stopped doing, then return to them; habits carry you when motivation fades.

Episode details: published December 28, 2020 · 15:30 long. Summary written by Self Growth Videos from the episode itself. Business results and any income figures mentioned are Dan Martell’s own claims, shared for education — they are not typical or guaranteed.

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