One of the significant factors affecting this situation is the MINDSET.

Photo by Katrina Wright on Unsplash
Did you know that 90% of new businesses fail?

Or is it that 50% of startups fail in the first year?

If you’ve been around the entrepreneurial community long enough, you’ve probably heard many statements and numbers on the subject.

In my opinion, one of the significant factors affecting this situation is the MINDSET.

Read also: These 6 rules helped me make real progress (amazing insights)

When we have the right MINDSET, we are more likely to be able to master the SKILLS and TOOLS we need.

1. Personal experience

I love starting a business.

I used to experience many failures in selling online, selling real estate, building a personal brand, making money online through surveys, and freelance copywriting.

When you fail, it’s easy to get down on yourself. At first, I couldn’t bring myself to do anything for a year.

It felt so bad, you know?

Now I am concentrating on developing a brand by writing and selling e-commerce globally. The lessons I have learned are:

2. Mindset is right when doing business

2.1 Think long term, don’t get rich quick

Most people jump into business with the idea of “Get Rich quickly.” Unfortunately, this mindset leads to failure.

Is it because they see how much money their friends seem to make on social media? Drive a Lamborghini, buy a house, travel, and check into luxury hotels?

And that helps you realize that you probably can, too, if they can do it. But the positive aspects and the hard work they put in are only sometimes mentioned on social media.

Many of us spend most of our lives working 9–5 jobs. We all want to get ahead, care for ourselves and our families, and live comfortably.

Because of this understanding, many people have chosen to use some products, run ads, and believe that they will make a lot of money from it.

You can’t go into the game and think, “I’ll get rich quick.”

Instead, you should change your goal to mastering your game.

2.2 Focus on Value

Value

Value

Value

It is essential to say it three times.

Remember that money is an exchange of value.

You will receive the money you deserve when you improve your skills and help in the community.

Read also: 5 principles that will help you live a better life (read this daily)

2.3 Deep analysis

“ Give me 6 hours to chop down a tree, and I will spend the first four sharpening the axe” — Abraham Lincoln.

When we meet someone with a lot of success, our first reaction will be to ask them how they do it and what their secret is.

But sometimes, we forget that others have experienced challenges similar to our own and succeeded.

That’s why taking a deep breath is essential before reacting to other people’s successes and looking at the problem more closely.

Takeaway: Right Mindset

Not get rich quick
Focus on value
Deep Analysis

3. Final thought

The above sharing will help you to see things differently and to get what you need to reach your goals.

Stop dreaming about how to be rich quickly and start working for your dreams.

“Don’t wish for things to be easier, wish for you to be better.” — Jim Rohn

P.S. If you found value in my writing and would like to support me and thousands of other writers you can sign up for a membership with Medium for only $5 per month to get unlimited access to all of the Medium.

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CONTRIBUTED BY Helen Ngo

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