Successful Entrepreneurship: The Practice & Mindset
Entrepreneurship takes grit and resilience.
It also takes very specific skills and a unique mindset to get you to the top.
Unfortunately, no one taught me about any of these things—I had to learn through experience—so that's why I'm including them in this blog post, so I can share the wealth!
I was watching Ryan Pineda's YouTube video with my sister at our dining room table, curious about what he had to say about advice that other millionaires had publicly given.
My sister has said some great things about Ryan's advice in his YouTube videos, so I was all ears on how he could show me how to become a millionaire.
The tips he shared resonated. This was the first time I've heard anyone articulately lay out precisely what it takes to become successful inevitably
My mission for starting Crowned is to help other women become successful by producing meaningful jewelry that will serve as a reminder to keep going when things get tough.
So now I'm here writing this blog post to make sure that I can give you all the resources I have to help you become the powerhouse you are destined to be.
Here's a summary with some of my book recommendations:
Have proximity to wealthy people
Have you ever heard the saying, "Your network is your net worth"?
Proximity matters because you want to be around people that have the same beliefs and values as you. You can not be around people who aren't willing to work hard for what they want or love to complain all day because you will subconsciously pick up their habits, language patterns, and body language—be picky about who you surround yourself with! Pick up habits, language patterns, and body language from someone who is so financially abundant that their problems are about their business growing too fast or someone so confident in their ability to achieve their goals that they always seem to get what they want.
How can you find these people?
You can find other like-minded entrepreneurs by attending events and masterminds. The ones that I've invested explicitly in are typically in the thousands. If you think about it... the people that can afford to attend events like that are usually the people who have enough money to do so, knowing that they will only be surrounded by big players. Whatever it takes, get yourself around these people.
This is obvious because—by nature—playing it safe will not make you a millionaire or a successful business owner in a faster time frame.
This is also where the saying comes in: "fail fast, succeed faster."
Failure is inevitable, but the quicker you fail and get back up, the quicker you can move towards your desired destination. So, the sooner you accept that risk comes with all great things, the sooner you'll start taking them and start achieving small wins that ultimately add up to one massive win.
Get great at solving problems
This is really amazing advice because essentially, what we do as business owners is solve our clients' problems.
Here at Crowned, we solve motivation problems by tying meaning and emotion into our high-quality jewelry pieces to empower the women wearing them.
Ryan said it best in the video: "You can solve a million problems that are worth the dollar. And that'll make you a millionaire. Or you can solve a million-dollar problem and just do it once."
That's the reality in all of life. So the bigger the problems you can solve, the more money you can make.
Learn to negotiate
What many people don't realize (myself included at one point in time) is that almost every single thing in your life, you are negotiating.
When you interview for a job, you're negotiating with the employer why they should hire you. And then you negotiate your salary.
If you have kids, you negotiate with them daily so that you can go about your day quicker: "If you put on your shoes so we can leave in the next 10 mins, I will buy you ice cream tonight."
Heck, you negotiate with your significant other on where to go for date night.
Once you realize that everything in life is a negotiation, you know that you should probably learn to get good at it.
Here's a book I recommend: Getting More: How You Can Negotiate to Succeed in Work and Life
Focus on one thing
It can be challenging to stay focused on one thing when you're so eager to get everything done, or it feels like being good at everything could potentially bring in more money.
In the end, doing everything just makes you average across the board. And when you're average, you're not getting rich very quick. But if you're excellent at one thing, you can become rich very fast.
Here's a book I recommend: The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results
Embrace the struggle and don't overreact
Here's the truth about business—whether we like it or not—there will always be a struggle; there are always "bad" things happening.
That's why solving problems is such a great skill set to have on hand. You're always going to solve problems.
No matter how great your business is, sooner or later, something will come up, and it will be a new struggle to deal with. The sooner you embrace it, the sooner you can get past it and stop worrying about every little "bad" thing that happens to you. Remember this: if you let just one little thing eat you up, it prevents you from going forward and taking more action.
Taking action is my favorite because I learned from reading Unstoppable Confidence: How to Use the Power of NLP to Be More Dynamic and Successful that when you take action, it actually helps you build more confidence simultaneously.
The time is now.
But here's the thing—when you do take massive action, you're going to have more failures along the way. And that's okay. It's the price you have to pay for success.
Most people give up on their dreams way too quick. They think that because they don't have instant success, they're a failure, and they need to try something new.
But the reality is, most businesses and most skills; take a long time to develop before you start seeing real traction.
I hope this helps! I'm certainly going to come back to this blog and revisit on days that I need a reminder.