Saturday, January 3, 2009

Entrepreneur Success: A look at the ego, and how to let go!

By Hayley Weatherburn

Speaking from experience, in order for me to achieve success I had to let go of my ego. I had this belief, that in order for me to become successful, I firstly had to do everything on my own accord, to be a one-man-band. Secondly, that the ideas all had to come from me, that they should be original so I could "claim" them. And finally, the biggest hurdle for me, was to learn to admit that sometimes I didn't know best (ouch that hurt!).

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. "One Man Band Syndrome" - I used to think that I would only be deemed successful if I did it all on my own. That way, I thought, I could claim all the credit. I used to think I should do the accounts, the marketing, advertising and the core work. How ridiculous is that?! You become spread so thinly that nothing really gets done. You also end up doing things that you don't enjoy or aren't even good at.

LESSON ONE: Learn to delegate and do the 1-2 things you enjoy doing the most. Richard Branson, a successful entrepreneur, stuck to what he was good at and got others to do everything else.

2. It has to be MY original idea for me to be successful - I used to get quite defensive if someone suggested an idea that improved on mine. That, my friends, is the ego rearing its ugly head. As soon as I embraced anyone's suggestions on improving my idea, I realised just how good an idea could develop. If I hadn't taken in the ideas or suggestions that people suggested when developing my business proposals, I wouldn't have got anywhere. Many successful people will admit they only replicated the ideas of other successful entrepreneurs.

LESSON TWO: Open up, allow for other ideas to be suggested. Use the information to better your idea, or business system.

3. Right first off, otherwise therefore I am a failure - Something to be very aware of is giving up after your first attempt doesn't work. This mindset is the mindset of someone who will actually never make it - yes, they may try something new over and over, but what they don't do is commit, persist and determine to be successful. That is what is key - and after all be open to what your failures bring. A lot of successful inventions began as a completely different intention. If you look up the Slinky or Popsicle or even Silly Putty, they all were "failures" for another idea, but became successes in their own right.

LESSON THREE: Commitment to a goal of success is key - allow your idea to evolve through failures and obstacles. The journey is the key, as long as you are persistent and allow your idea to change, sometimes many times, on its way to success.

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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