5 Psychological Hacks for a Healthy Business Mindset

As an entrepreneur, you likely hold yourself to higher expectations than anyone else does. In reaching for success, you’re constantly pushing, making sacrifices, and working on the go. But this consistent strain can weigh on your mind—which is troubling because your success also relies on your inner mental game! How can you maximize your efforts and cultivate a business mindset, even as you face the constant challenge of entrepreneurship? Here are five psychological tricks to help you succeed.

1. Know your boundaries. 

A successful entrepreneur must be aware of what is and isn’t acceptable on the road to success. How far are you willing to go for the sake of your business? When are you willing to offer deep discounts to prospective buyers, or bend turn-around times for a client relationship? Knowing your own boundaries can help you say “yes” only at the right times, instead of simply going with the flow.

2. Step away from your business.

This may sound like a counter-intuitive entrepreneurial skill—and if you’re a new business owner, it may sound downright scary. Your business may feel like your entire life, but that’s exactly why it’s crucial to take time to disconnect. Set aside time for a short detox at regular intervals throughout the year to help recharge your batteries and refresh your mindset.

3. Embrace failure. 

We’ll all experience disappointment at some point in our lives, but we tend to take it very personally when it happens in a business we’ve worked hard on. The inability to accept failure is a mental block that you must overcome to cultivate a better business mindset. Sure, your first attempts may fail, but even the most successful people weren’t triumphant at every step. Consider each failure as an opportunity to learn and improve.

4. Get more sleep.

A common part of entrepreneur psychology is the need to be constantly going at full speed, but your health is often the first thing to suffer when you overwork yourself. And sure, you’ve heard a thousand times that you need more sleep, but chances are you still aren’t getting enough of it. Sleep can help the brain review what it’s learned during the day, and it improves your overall memory and attention span—both of which you very much need! Do yourself a favor, and get in bed on time.

5. Find a supportive network. 

No one is an island. Even if you’re a solopreneur, you don’t have to do it all alone. Don’t hesitate to lean on family and friends for help, whether you need financial backing for your startup or someone to watch the kids when you’re working with a client. And as you grow your business, extend that network to find mentors, peers, and mastermind groups that can help you take things to the next level.

As you build your business, don’t forget to cultivate healthy entrepreneurial psychology as well. You might be surprised how well these mental hacks can give you the resilience you need to weather the intense stress, uncertainty, and risk that comes along with managing your own business.

As we all deal with the stress and uncertainty of the COVID-19 virus and its impact on our day to day lives, it's important to step back and take the time to care for ourselves. Here are some of the things that are worth consciously working on in the coming weeks.

SPEND TIME WITH LOVED ONES, especially children. In today’s busy world often our time with the ones we love gets put on the back burner. As events, activities, and schools cancel….and more and more people work at home, now is a great chance to get caught up with each other.

REDISCOVER THE SIMPLE THINGS. There was a time when we weren’t “on the clock” 24/7, when our children weren’t spending each evening in activities… when life was a routine. With much of that canceled for the near term, now is an opportunity to have family dinners, play games, read that book that you can never get to. Take a step back from the complications of the world. Take a breather.

FIND THE GOOD IN THINGS. We are bombarded all day and night with the negative things that are going on. There is much criticism over governments, mass hysteria, other nations, etc. But there are good stories out there as well. Stories of people helping people. While it's a shame that we have to work hard to find these, it is worth the effort.

Last, and most importantly, KEEP A POSITIVE MINDSET. It is so easy to succumb to the negativity that flows from a crisis such as this one. But keeping a positive mindset is one of the best things that you can do during this time. Positive energy will help you maintain your health, be productive, and reduce stress. Moreover, it is contagious. Everyone that you come in contact with (from 6 feet away of course) will be affected by your energy, even if just a little bit. And the more positive energy that is released into the world, the better this situation will be and the quicker it will resolve.


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