5 Ways Mental Strength Affects The Success Of Your Business
Running a successful business isn’t easy. There will be challenges, disappointments, and distractions along the way. This is why mental strength is crucial: it empowers you to persevere in the face of adversity to grow your business and reach new heights.
In this article, we’ll discuss the meaning of mental strength, its effects on your business success, and how to implement it in a powerful way.
Defining “Mental Strength”
Successful business people understand that they can’t control what happens, but they can control how they respond. And have no doubt — you too will face an incredible amount of stress, pressure, and challenges throughout your business career.
Mental strength is your ability to perform at the highest level in the face of these challenges, and in doing so, make the best choices possible. Someone who is mentally strong can control their thoughts, emotions, and focus to reach their goals in spite of the adversity they are facing.
Now let’s look at five specific ways this concept affects your business success:
1. Determination
Determination is arguably the most important aspect of entrepreneurial success. Ask any business leader, marketer, salesperson, or billionaire visionary: you almost never strike gold on the first try. It takes cold hard determination over a period of time to reach your business goals.
There will be difficult customers, seemingly impossible projects, and surprises you couldn’t have imagined in a million years. The true mark of a mentally tough business person is a determination to see their idea through until the end.
To drive this point home, consider how many times Bill Gates, Warren Buffet, and other business moguls failed before reaching incredible heights.
These business leaders didn’t let any single roadblock stop them. And you shouldn’t either.
But that doesn’t mean it’s easy. Mental toughness requires controlling your thoughts, emotions, and focus over a prolonged period of time.
You must do the hard work of thinking about what you truly want. And then you have to make a decision to stay excited about it, focusing your time and attention on it until it becomes a reality.
2. Stress Management
If you want to avoid all stress in life, don’t go into business. Running a business means facing an armful of stressful situations on a daily basis. If you aim to live a completely stress-free life, then starting a business is not the wisest decision.
Jokes aside, the key to defeating stress is not to avoid it. Rather, it is to manage it from a position of mental strength. This skill affects your ability to handle a variety of challenges in business:
- Tight deadlines
- Difficult clients
- Underperforming team members
- Personal and family issues
- Financial obstacles
- Long days and long nights
- Ever-changing market realities
And much, much more.
The truth is that “stress” is a clever way to disguise the real emotion underneath: fear.
With mental strength, you can face that fear and define what is causing it. That way, you can refocus your mind on the solution to the problem instead of the negative emotions you’re feeling in the moment.
The difference between success and failure in business is the awareness of your current emotional state and the ability to reframe it. Tapping into your mental potential will allow you to reframe problems into opportunities. The end result is regaining focus on your end goal.
And that brings us to the next point:
3. Disciplined Goals
“Would you tell me, please, which way I ought to go from here?”
“That depends a good deal on where you want to get to,” said the Cat.
“I don’t much care where—“ said Alice.
“Then it doesn’t matter which way you go,” said the Cat.
– Lewis Carroll, Alice’s Adventures
You need mental energy to define concrete goals. And one of the reasons so many businesses fail is due to a lack of direction.
“I want to be successful” is not a goal. In fact, this mindset is likely to make you one of the 92% of people who don’t achieve the goals they set out at the beginning of the year.
And yet, so many business people have similarly vague definitions of the result they’re striving for (if they’ve even made an attempt at all).
Being mentally strong involves a deep — and often uncomfortable — look at yourself and your organization. And then defining what you truly want with clear, action-oriented goals.
4. Commitment to Growth
We live in unprecedented times. The dynamics of your marketplace could change overnight. This means you must remain steadfast in analyzing your market and acting on opportunities for growth.
It’s going to take a lot of brainpower to organize your plans, brainstorm opportunities, and assign responsibilities to team members. That’s where mental toughness comes in. But every ounce of effort you put into this process will produce far more value for your business on the backend.
5. The Ability to Overcome Rejection
One of the biggest challenges (and most important to overcome) is increasing revenue. Whether you hire a sales team or perform this function yourself, you need mental strength in the equation.
Salespeople have to be persistent, empathetic to customers’ needs, and be able to brush off rejection as they plow forward in their task to win deals and turn that “no” into a “yes.”
Because of this, salespeople must be confident, prepared, and persistent every single day.
So be sure to equip your sales team with adequate training that teaches them how to open a sales call, set an appointment, qualify, build value, overcome rejections, and close. In addition, make their lives easier with tools that streamline certain aspects of the sales process like lead management and prospect research. That way, they can focus on what they do best: talk with customers and generate sales for your business.
Wrapping It Up
If you run a business, you’re facing more competition than ever before. You need to have the right strategy to effectively navigate this new reality and grow your business. Otherwise, you risk falling behind while the world continues to evolve.
Mental strength is the key to this. By implementing the 5 points above, you can defeat stress, achieve your goals faster, and serve your market on a higher level. And that’s something every true businessperson should be striving for.
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Ashley Wilson is a content creator, writing about business and tech. She has been known to reference movies in casual conversation and enjoys baking homemade treats for her husband and their two felines, Lady and Gaga. You can get in touch with Ashley via Twitter.