15 July 2020

In business, we need to participate 100% in order to get things done

One of the many benefits of having a Coach like me is you can learn a lot of business strategies, and I’ve got hundreds of them. That’s my expertise. But here’s the thing: none of those strategies are going to work if you don’t have the right mindset

Aside from learning about strategy, coaching is also about training your mind as a business owner. Because whether you like it or not, how you think affects every single member in your business. And as far as mindset goes, the first thing we need to develop is participation.

Participation is about giving things a go.

Warren Buffet, one of the wealthiest people in the world, once said “The only difference between me and the next investor is that I give things a go.” Now Warren doesn’t necessarily always make the right decisions. His successful business journey wasn’t made out of a series of good decisions that turned out perfectly.

In fact, he also once said when he makes a bad decision, he learns something, and when he makes a good decision, he makes lots of money.

See, if Warren sat on his hands and did nothing, what would he get? You’re right — nothing. And in life, we need to participate in order to get things done. We have to give things a go.

When we were little and we tried to walk for the first time, most of us never got it right. But I bet our parents never turned around and said, “Well I suppose you’re just going to be the crawling type.” No — we kept on going and our parents kept on helping us until we were able to do what we’re supposed to do.

There’s an old Chinese proverb that says, “Pearls don’t lie on the seashore. If you want one, you must dive for it.”

Nothing is ever going to happen if we don’t take the plunge, if we don’t take certain risks. And that’s true not only in business but in life. As a coach, I aim to condition your mindset so that as a business owner you can open yourself to opportunities and possibilities. It all starts with 100% participation, and everything else follows.

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Taking risks is almost synonymous with running a business.

No matter how much you evaluate each step, there’s really no way of knowing how things will work out. There will always be times when you have to take a leap of faith and make a risky move. If you aren’t prepared to take risks, you have no business being an entrepreneur. Entrepreneurship is fundamentally linked to risk-taking. You’ll probably need to invest some of your personal capital into a growing business. You’ll bank your reputation on an unproven idea.

And from there, every decision you make carries some small risk — your new hire might leave in a month, your lead generation strategy might fail, your new approach might anger one of your best clients, and so on. Accepting risk as a part of the game, and you need to be ready for that as you enter the business world.

Now ask yourself: how much do you participate on a daily basis?

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