Addicted To Progress: Why Going Slower Gets Faster Results
Aug 21, 2024
auto_awesome
Entrepreneurs often get caught up in results, but loving the journey is key. The discussion highlights how slow and steady wins the race, emphasizing long-term investments over quick gains. Personal stories illustrate turning challenges into triumphs, like going from bankruptcy to a million-dollar business. The value of mentorship and consistent growth strategies is explored, encouraging listeners to appreciate every small victory on their pathways to success.
Focusing on the journey rather than the end goal fosters a healthier mindset for sustainable growth and fulfillment in entrepreneurship.
Recognizing and celebrating small achievements encourages consistent improvements, alleviating pressure while leading to substantial success over time.
Deep dives
Embracing the Process Rather Than the Result
Focusing on the journey rather than the end goal is crucial for personal development and entrepreneurship. Many entrepreneurs, including the speaker, often find themselves trapped in a cycle of urgency, driven by fear of not having enough or failing. This fear-based mindset leads them to prioritize short-term gains instead of investing in long-term, sustainable growth. By shifting the focus to enjoying the process and celebrating incremental progress, entrepreneurs can foster a healthier and more fulfilling approach to their goals.
Understanding the Importance of Long-Term Strategies
Successful entrepreneurship requires a shift from seeking quick wins to building a solid foundation for long-term success. The speaker illustrates this through personal anecdotes and advice, emphasizing that true growth comes from consistent effort and strategic planning. For instance, the proposal to invest a small amount regularly into index funds exemplifies how patience and commitment can lead to substantial financial growth over time. This approach alleviates the pressure to achieve immediate results and allows business owners to concentrate on delivering value steadily.
The Power of Incremental Progress
Recognizing and appreciating small achievements can significantly enhance one’s entrepreneurial journey. The speaker explains that even minor, consistent improvements can accumulate and lead to substantial success over time, emphasizing the value of the daily grind. By focusing on steady growth, such as improving a business by just 20% annually, one can still create a thriving enterprise without the stress of rapid scaling. This practice not only maintains motivation but also reinforces the idea that enjoying the little milestones is what truly enriches the entrepreneurial experience.
”You have to love the process, not just the result”
Everyone says that in the entrepreneur and personal development space, and so often when people finally reach their big goals, they miss the climb and don't know what to do next.
This is an audio-only podcast you won’t find on the YouTube channel because I think there are some lessons that are better taught when I’m not in front of a camera.
In this lesson I share my evolving thoughts on being present for the process of chasing my own business and investing goals.
Sheer Strength Labs, the company I reacquired after my big exit, had it’s first big sales day where it hit a $1 million run rate again and that’s been really exciting but I can’t help but come back to the biggest lesson I’ve ever learned about growth: