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The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line

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The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line

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Millennials say they’ll refuse to care for aging boomer parents—but they’ll be forced to as their inheritance shrinks to 40 cents on the dollar

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Tim Cook signed off on his final Apple earnings call with a warning about a ‘100-year flood’ in memory chip pricing
starting a business

3 Ways to Remain Calm and Execute When Starting a Business

By
Matt Mayberry
Matt Mayberry
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By
Matt Mayberry
Matt Mayberry
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May 25, 2016, 9:00 AM ET
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Photograph by Darryl Leniuk — Getty Images
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Although it can certainly bring extraordinary excitement and fulfillment, there is nothing easy about starting a business. Launching a new business or even a new division within an existing business can be chaotic. There will be plenty of ups and downs, twists and turns, and wins and losses. Building a successful business has very much to do with how you respond when you get knocked down.

Below are three critical steps that can help you remain calm and execute your vision fully when the going gets tough.

1. Surround yourself with those who are already doing what you want to do.

When I first started writing and speaking, I knew absolutely nothing about how to go about turning it into an actual business. The first thing that I did was email and reach out to those who were already doing it, asking them how I might be able to help with whatever their most important project was. Some would respond and some wouldn’t, but every single day I put in the effort. I offered value in whatever way I could in the beginning, and over time, that transpired into a solid mentoring relationship. When you really care about what it is you do and eager to learn more, you would be surprised at how many highly successful people want to help.

Related: What I Learned When My Company Almost Went Bankrupt

2. Be obsessed with your vision

Creating a blueprint of possibilities is the new “business plan.” No great entrepreneur has succeeded without developing an obsessive mentality surrounding the value of their product or overall vision of what they wanted to do. Coupling a steadfast dedication to your vision and value with an attitude of adaptability helps business owners and entrepreneurs to gain unbelievable momentum. And Big Mo as I like to call it—momentum—equals success.

3. Learn to love failure.

Failure yields opportunity. Entrepreneurs fail because when obstacles hit, they surrender to the negativity and attach their identity to this feeling of frustration. That’s not productive. All great entrepreneurs accept roadblocks as incredible opportunities to pinpoint areas of growth and get better. By learning to detach from the negativity and dig into the reasons these obstacles have arisen, entrepreneurs can narrow in on the aspects of their business that require extra attention or adaptability. Behind every failure and setback is a fundamental key to your business growth.

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By Matt Mayberry
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