Motivation

5 Highly Effective Strategies to Staying Motivated as a Business Owner

Published

5 years ago

Feb 12, 2020

Sep Moblifard

Image Credit: Unsplash

Every business has its high and low periods. We all wish for our businesses to make a lot of money and succeed. Unfortunately, it can take new businesses a number of years before they finally see any major profits. As a business owner, you may feel discouraged at waiting for your business to take off because you’re working 12+ hours per day and seeing no results. This may make you want to give up and throw in the towel, right?

Do you believe in your business idea? If so, then you should not give up unless you have no other choice. If you have the financial stability to sustain your business and its operation, then keep it going for as long as possible. Some businesses take longer than others to get off the ground. You simply need to increase your motivation so that you’ll work harder toward making it a success.

The big question is how do you stay motivated as a business owner? Below are 5 highly effective strategies for staying motivated so that you don’t give up prematurely:

1. Create Goals

Business owners tend to lose their motivation whenever they fail to create goals for themselves. After all, if you don’t have any goals to work towards, then how will you ever get the motivation to do anything? You can’t expect your business to succeed if you don’t know what you want to accomplish with it.

There are three different types of goals to set. You can set short-term goals, mid-term goals, and long-term goals. Short-term goals take between 2 weeks and 2 months to complete. Mid-term goals take between 12 months and 24 months to complete. Long-term goals take over 24 months to accomplish.

For example, short-term goals could include purchasing supplies or leasing a building. Long-term goals could include expanding the business to a second storefront or achieving one million dollars in net revenue after 3 years. With goals like these, it is easy to stay motivated and push yourself to achieving them.

2. Avoid Things That Waste Your Time

It is so easy to waste time in the 21st century. We have access to smartphones, laptops, virtual reality devices, tablets, and smart “IoT’ technology that keeps us plugged into the internet. You can watch television and movies or listen to music with just a few clicks or taps. Unfortunately, this can limit the productivity of an undisciplined person.

If you find yourself watching too many pointless videos or browsing social media when you should be working, then do whatever you can to avoid visiting these time-wasting websites. When you wake up in the morning, you should immediately become productive and then continue that productivity until you go to sleep. If you must take breaks in between, then do so without subjecting yourself to a distraction. Read a book, eat your lunch, or anything that won’t make you lose track of time.

3. Keep Track of Your Achievements

Does it seem like you work endlessly without any reward? That is how running a business feels to many new entrepreneurs. Don’t let this feeling drain your motivation because there are little rewards you probably don’t notice. Keep track of your achievements no matter how big or small. When your business makes its first sale, write down the date and time in a journal. When you receive your first positive comment from a customer, write that down too. By keeping track of the smaller achievements, you will notice a pattern of accomplishment. This will fuel your motivation to achieve much bigger things.

4. Set Deadlines

You must set a deadline for everything you want to accomplish. It is not enough to create goals if you don’t have a deadline for them. Otherwise, they’ll just be looming in the air without knowing when you’ll complete them. A deadline helps avoid procrastination and encourages motivation so that you can get more work done. This not only applies to you, but everyone else who works under you too.

5. Maintain a Positive Environment

Negativity is the killer of motivation. You cannot stay motivated and grow as a person if you have negative people in your environment. This applies to both your home and work environments, but especially in business. If you have employees who are not committed to the job, then get rid of them immediately. A positive environment makes you feel more enthusiastic so you’ll try harder. That is what you should strive to achieve within your organization.

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Sep Moblifard

Sep Moblifard is the founder and CEO of Leads Consultancy, a digital consulting firm. He is an author, a business consultant for 7 and 8 figure social icons. Sep helps businesses scale through social selling.

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8 Ways to Stop Procrastinating and Be More Decisive

Published

11 months ago

Jan 29, 2024

Joel Brown (Founder of Addicted2Success.com)

Tackling Procrastination and Indecisiveness

Hi, Joel Brown here. As the person behind Addicted to Success and Mind Strong, I’m often asked about tackling procrastination and making swift, effective decisions. It’s a common struggle in today’s world, where distractions are endless.

Procrastination often creeps in when we’re bombarded with social media notifications, breaking news, and the hustle of daily life. This leads to a fear-driven indecision, where we’re paralyzed by the thought of failure or judgment.

Here’s a video breakdown of how to stop procrastinating and be more decisive if you are more of a visual person:

Embracing Speed and Momentum to Stop Procrastination

One of the most impactful lessons in my journey is understanding the role of speed in overcoming procrastination. A mentor of mine, a highly successful individual, always emphasized:

“Success loves speed, and money loves momentum.”

This principle is crucial in combating procrastination. It’s about seizing opportunities quickly, not just for financial gain, but for the invaluable experiences and connections they bring.

Understanding Analysis Paralysis: A Key to Overcoming Procrastination

A major hurdle in decision-making is what’s commonly known as analysis paralysis, a significant form of procrastination. It happens when our decision-making process, governed by the prefrontal cortex, gets overwhelmed. To break free from this form of procrastination, try calming techniques like deep breathing. It’s surprising how such simple steps can clear a cluttered mind and help you move past procrastination.

The Long-Term Effects of Procrastination and Indecision

Procrastination isn’t just about putting off decisions; it can lead to a reduced sense of life satisfaction over time.

In a conversation I had with Tony Robbins, we discussed how the quality of our lives hinges on the quality of our decisions.

Therefore, overcoming procrastination and indecision is vital for a fulfilling life.

My Top Strategies for Beating Procrastination

Seek Guidance from the Experienced: To combat procrastination, connect with people who’ve achieved the goals you’re aiming for. Their experience can be a guiding light when you’re stuck in indecision.
Use Deadlines as Anti-Procrastination Tools: Setting deadlines is a powerful way to break the cycle of procrastination. They create a sense of urgency that pushes you into action.
Accept Imperfection to Move Past Procrastination: Understand that no one is perfect, and that includes you. Accepting this can alleviate the pressure that often leads to procrastination.

Identify Your Procrastination Type to Find Solutions

Procrastination manifests in various forms. I’ve developed a quiz (find it at mindstrongacademy.com/quiz) to help you identify your specific type of procrastination. Understanding your personal procrastination style is a crucial step in addressing it effectively.

Additional Tips on Making Quality Decisions and Beating Procrastination

When it comes to decision-making, it’s important to not get too bogged down in analyzing pros and cons. While analysis is important, excessive scrutiny can lead to procrastination. Trusting your intuition often plays a crucial role in breaking free from procrastination.

Handling Major Life Choices Without Procrastination

For significant decisions in life, whether in your career or personal relationships, procrastination can be particularly challenging.

To address this, break down these big decisions into smaller steps. Assess the potential outcomes realistically to understand that often, the fear of a negative outcome is more intimidating than the actual consequences.

Conclusion: Your Journey Away from Procrastination Begins Now

To wrap up, remember that overcoming procrastination and indecision is about understanding your own patterns, seeking wise counsel, setting deadlines, and embracing your imperfections. It’s time to start making those impactful decisions and enjoying the journey of life.

Whether it’s through the Mind Strong Academy or my procrastination quiz, I’m here to guide you on your path to decisive action.