Mindset Mastery Series for Entrepreneurs – Part 2: What Does it Take to Develop a Winning Mindset?
This three-part series is intended to support you during these difficult times by guiding you in developing a winning mindset and building a thriving business.
In Part 1, I shared a brief overview of the nine elements of a winning mindset.
Here in Part 2, I will delve more deeply into Elements 1 – 4.
Overview
Element #1: Vision & Values (Part 2)
Element #2: Empowering Beliefs (Part 2)
Element #3: Goals (Part 2)
Element #4: Focus (Part 2)
Element #5: Perseverance (Part 3)
Element #6: Confidence (Part 3)
Element #7: Growth Mindset (Part 3)
Element #8: Resilience & Performing Under Pressure (Part 3)
Element #9: Communication Skills (Part 3)
You will benefit the most from this article when you…
Ponder on each of the following questions and write down your answers. This will help you gain clarity about where to focus your attention in order to bring your business to the next level.
Element #1: Vision & Values
What is your short and long-term vision for your business?
A winning mindset demands conscious awareness of your core purpose in order to create a compelling vision.
Use the following 7 Steps to craft a powerful vision for your business:
Step 1: Clarity About Your Core Purpose
- Getting clear about your WHY is very important in creating a powerful vision.
- Why does your business exist?
- Why do you want to serve others with your products and services?
Step 2: Imagined Future of Your Business
- What does the future of your business look like?
- Imagine a future in which your business is successful.
Step 3: Define Success
- Success can be very different for each entrepreneur.
- What does success look like for your business?
Step 4: Core Values
- What are your five core values? List them in order of importance to you.
- If you need support, contact me and I will send you an exercise to help clarify your values.
Step 5: Timeline
- What is your timeline for achieving your vision?
- Ideally, your vision should project at least five to ten years in the future.
Step 6: Inspiration
- What would be an inspiring objective that motivates you?
Step 7: Focus on Your Success
- See your business as thriving and successful.
Element #2: Empowering Beliefs
What would your life and business look like if you had no limitations?
Limiting beliefs, negative self-talk, fears — we all have them! We learn our beliefs through our parents, teachers, experiences, and what we read, see, and observe. Some are empowering while others are limiting.
These beliefs act as filters and create a particular perception of reality. Empowering beliefs enhance your self-image, well-being, creativity, courage, and ability to achieve your goals, and are an essential part of a winning mindset.
Exercise: How to Create Empowering Beliefs – 3-Step Process
To create empowering beliefs, you need to go beyond your current beliefs and address any limitations you might have.
For the following exercise, write down every belief you can identify that you have and contemplate each statement you create. Include beliefs about yourself, your business, financial situation, abilities, etc.
Step 1: Discover Your Hidden Beliefs
Dig deep and uncover your limiting beliefs!
For example, I believe…
- I don’t have enough time.
- I don’t have enough money.
- I can’t _________.
Step 2: Are They True?
Next to each belief, write your answer to the following questions:
- What’s the advantage or disadvantage of having this belief?
- Did I ever consciously choose to believe this? If so, why did I do so?
- How am I defined by holding on to this belief?
- Who would I be if I did not have this belief?
Now ask yourself:
Is this just a self-imposed limitation that I put on myself because someone told me so or did I do so to avoid some discomfort or pain?
Step 3: Create New Empowering Beliefs
Limiting beliefs can be deleted, transformed, or replaced with empowering beliefs.
What would you like to believe instead?
A good place to begin is to identify the opposite of a limiting belief, but don’t stop there. You can also enhance each new belief so that it feels supportive and positive.
Try on these empowering beliefs:
- “I can achieve whatever I put my mind to.”
- “All of my limitations are just temporary boundaries that I can change or transcend.”
Continue the process by reinforcing your new beliefs at least twice a day!
Element #3: SMART Goals
What are your goals for the next three months, one year, and three years?
Creating a winning mindset requires that you set SMART goals: Specific, Measurable, Achievable, Realistic and Time-bound.
Step 1: Specific Goals
Your goal should be clear and specific. When creating your goal, answer these questions: What do I want to accomplish? Why is this goal important to me?
Example: I want to gain the skills and experience necessary to create a 7-figure real estate business so I can live my preferred lifestyle.
Step 2: Measurable Goals
You need to track your progress in order to stay motivated. A measurable goal should address a question such as: How will I know when it’s been accomplished?
Example: I’ve met my goal of creating a 7-figure business when I’ve achieved certain milestones, such as getting a license, building a supportive network, etc.
Step 3: Achievable Goals
Your goal also needs to be realistic and attainable. It will answer a question such as: How realistic is the goal, based on other constraints, such as financial factors?
Example: Is it realistic to create a 7-figure real estate business, based on my existing experience and qualifications?
Step 4: Relevant Goals
Does this goal matter to you? Is it aligned with your other goals?
Example: Is now the right time to undertake the required training, get a license, and build a large network that will support my goal?
Step 5: Time-bound Goals
Every goal needs a deadline to focus on and something to work toward.
Example: How long will it take for me to acquire these skills, get a license, and build a large network? What can I do today?
Element #4: Focus
Focus is a powerful tool that will enable you to perform at a consistently high level and be both effective and efficient in your work efforts. As a result, you will produce better quality work, have more success, and achieve your goals.
To develop your ability to focus, use the following steps:
Step 1: Free Up Your Mind
A cluttered mind can’t focus. Go through your list of tasks and prioritize them. Clear your mind of anything that doesn’t relate to your work.
Ask yourself…
- Where is my focus right now?
- Which project is the most important that I need to complete?
Step 2: Right Work Environment
- Simplify your work environment by removing unnecessary clutter to allow for optimal performance.
- Block out distractions that interfere with your productivity.
Step 3: Use Technology Wisely
- Turn off the notifications on your devices so you can focus on the task at hand without distraction or interruption.
Summary
Element #1: Vision & Values
Step 1: Clarity About Your Core Purpose
Step 2: Imagined Future of Your Business
Step 3: Define Success
Step 4: Core Values
Step 5: Timeline
Step 6: Inspiration
Step 7: Focus on Your Success
Element #2: Empowering Beliefs
Step 1: Discover Your Hidden Beliefs
Step 2: Are They True?
Step 3: Create New Empowering Beliefs
Element #3: SMART Goals
Step 1: Specific Goals
Step 2: Measurable Goals
Step 3: Achievable Goals
Step 4: Relevant Goals
Step 5: Time-bound Goals
Element #4: Focus
Step 1: Free Up Your Mind
Step 2: Right Work Environment
Step 3: Use Technology Wisely
Supporting You…
I’m available to support you through this difficult time by re-imagining your business, creating a powerful vision, getting clear on your values, setting SMART goals, developing optimal focus, and transforming your fears, anxieties, and mental blocks into empowering beliefs.
Contact me for a complimentary 30-minute strategy session:
https://nextlevelcoach.as.me/schedule.php
You can find more information here: https://nextlevel-coach.com
In case you missed Part 1, click this link:
https://www.nsaen.com/mindset-mastery-series-for-entrepreneurs-part-1/
Coming Up…
In my next article, I’ll share Part 3 (Elements 5 – 9) of how to develop a winning mindset that will support you in building a thriving business.
Stay tuned!
Bio
Marius Bill, LL.M, CPC, ELI-MP is a Certified Professional Coach (CPC) and Energy Leadership™ Index Master Practitioner (ELI-MP). Marius completed his coaching certification training with the Institute for Professional Excellence in Coaching (iPEC) and is the founder and CEO of Next Level Coach LLC, where he provides specialized coaching services for entrepreneurs, business owners, and managers.
For more information about Marius, connect with him on LinkedIn or his website:
https://www.linkedin.com/in/mariusbill/
https://nextlevel-coach.com
