Most people let a minor setback paralyze them. They give in or give up. As a business owner, you can’t afford to fall prey to this self-sabotaging behavior. As discussed in training, successful entrepreneurs maintain positive thoughts, patience, persistence, and are always taking action. They see everything as valuable feedback, not failure. They set their goals, take action, assess outcomes, modify their approach to get better results, and take action once again. Successful entrepreneurs do not allow themselves to get “stuck” or “blame others or the circumstances”. They take full responsibility for their business and results. They reflect on ways to improve and take action again.
Remember, “You become what you think about”. Are your thoughts and actions positive? Do you focus on your vision and goals? Your desire to help others? Or, are you focusing on fears, uncertainties, doubts, setbacks, etc.?
When you encounter a setback, and you surely will, stop any “negative thinking” and use this simple process to learn from your feedback and improve:
Initial Reflection
• What were my expectations?
• Were they realistic?
• What were my actual outcomes?
• Do I take full responsibility for these outcomes?
Assessment: What Worked/What Didn’t Work
• What part of the process worked? What outcomes were good?
• How do I feel about this positive feedback?
• What part of the process didn’t work? What outcomes were bad?
• How do I feel about this unexpected feedback?
Positive Lessons
• What positive lessons can I learn from this experience/feedback?
• What didn’t I do that I should have done?
• What did I do that I should not have done?
• What should I do differently next time?
Future Action Plan
• Do I take full responsibility to improve my performance?
• What are the concrete steps I need to take to improve my performance in this area?
• When do I get started again?
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