Friday, January 2, 2009

Let go of the ego, to increase your success as an Entrepreneur

By Hayley Weatherburn

There were three reasons I wasn't improving in my journey as an entrepreneur and they all had to do with me protecting my ego! Once I learned that it was ok to drop the resistance, a flood of growth and opportunities came my way. The three mistakes I made were - firstly trying to do everything on my own. Secondly, I believed that I had to be the originator of all ideas, otherwise I was useless (harsh I know) and finally actually allowing myself to admit that sometimes others actually did know better than me on certain things.

What were the thoughts going through my mind? That if I was wrong, it meant I couldn't be successful. I mean - how far from the truth is that! You look at all successful entrepreneurs - each have made many mistakes along their journey, and that is what makes them who they are today. Thomas Edison made over 1000 mistakes before he came across the right way to create a light bulb, and look how successful he was!

So, I wanted to give permission to all you budding entrepreneurs to let go of the ego - because as soon as you do, success soon follows and it is the most freeing thing you can do. Here are 3 things to think about:

1. DIY (DO IT YOURSELF) - For some reason, I had it in my head that the truly successful entrepreneurs did everything on their own. I believe I thought this because when you hear about their successes, you just hear their names not a list of helpers. What I realised, after much research, they have teams that help them out. Delegation is the key - do the things you want and find the best people for the rest. A great book to read is "The E-Myth" by Michael Gerber.

LESSON ONE: Delegate, Delegate and delegate - if you want to replicate a successful entrepreneur, learn to give the jobs you aren't the best at - to someone that is, so you can have all your energy for your ideas.

2. Idea's were all mine, or not at all - Umm... yeah, was I stubborn or what! That little ego would pop up it's head, anytime someone suggested an improvement on my ideas and I would become defensive. Once I realised my ideas and growth wouldn't get anywhere until I embraced other people's ideas - the growth was exponential. Anytime I heard suggestions or criticisms, I thought - how could this make my business better? With that attitude - you only have one direction for success, and that is up!

LESSON TWO: Embrace new ideas and suggestions from the outside - whether it is friends or fellow entrepreneurs. You can develop and better your business by weaving in the advice or criticisms from others. After all - Feedback is the breakfast of champions!

3. I must get it right the first time or else it means I am not successful on my own right - this mindset couldn't be further from the truth if it tried. You know what though, I believed it whole heartedly and took me a while to let go. To be a successful entrepreneur you have to have more courage and commitment than original ideas. Many successful inventions actually started off as an idea for something else - look up the slinky, silly putty and the Popsicle. Whatever happens with your idea or business let it naturally evolve, be relaxed - it will gravitate towards success if you just let go.

LESSON THREE: Ideas are organic, through trial and error, suggestions and natural progression; it will evolve into whatever it is meant to be.

Don't worry about how you are going to get there, just be determined to reach your goal of success, whatever that means to you. I was able to let go of the way I was going to get to my destination, and it was amazing what opportunities turned up. When you let go of the resistance of the ego, there will be a flood of ideas, suggestions and money making vehicles that will take you to where you want to go. Just know where it is you want to head, research your 'vehicles' that will take you there and enjoy the scenery on the way!

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