In this episode, James is joined by a special guest, Rick Mulready, to discuss how to overcome the mindset hurdles that all entrepreneurs face. Rick shares that he himself, despite the success he has achieved, is still working on figuring out entrepreneurship. He says that mindset is the foundation, and it drives success in both business and life.
He used to have a scarcity and fear-based mindset of not know how to do what he wanted to do with his own business. Rick also wasn’t even sure if he could do what he wanted to do, and he says he “floundered” for 14 months. At one point, he even thought he might have to go back to the corporate world.
His mindset is now a lot different than it use to be, and he’s proved that he can help others in their businesses while also supporting his own family.
Along the journey, you’re always going to have setbacks and you’re going to hit plateaus. Your mindset will help you think in different ways and allow you to know you can get through the hard times.
James adds that you may need to rebuild your mindset to get to the next level you’re aiming for.
Rick’s three mindset hacks:
1) Success is actually in the process of getting to the end goal
Rick believes what’s important is what you learn along the way, although he admits that he use to get caught up in the end goal and would get upset if he didn’t hit it.
Focusing on the process, instead of the end goal, allows for more fun along the way and also helps you to realize that you’re choosing the things you want to do.
We hear that it’s the struggle that makes it all worthwhile when we reach our goal, but it really comes down to being grateful for achieving success with ease.
James says to look for the path of least resistance, or the one that offers ease and flow. Abraham-Hicks’ definition of success is how much just you can have in a day, and if you want to increase your revenue, you should work less and play more.
2) Watch your “but”
When we think of an idea, there’s often a “but” that comes up. Rick shares that the first idea you had before this is the real winner, and when you permit your doubts to become the story and gain momentum is when you get into trouble.
James notes that people will look to justify why they shouldn’t do something, but a lot of the things we’re creating nee to be crazy, not logical. He recommends replacing “but” with “and.” When you’re using “but,” you’re literally cancelling out the thing that you want.
3) Just do it and stop the worrying
The only control we have is over what we can do now, in this moment. You can’t worry about a future that hasn’t happened yet. James says that during launches is a common time for entrepreneurs to worry as they often attach their own identity to the results.
Remember, the goal set is only used to determine the process that you are going to use. Determine how you can change the meaning, or the goal, so you’re not worrying, because when you’re worrying, you can’t be empowered to take the proper actions.