3 Psychological Tricks to stop beating yourself up as a business owner

Summary

In this video script, the speaker discusses their journey to stop self-criticism despite business setbacks. They emphasize that mistakes are inevitable and necessary for success, sharing personal experiences like the Starbucks CEO's return after failure. The speaker advises reframing failures as learning opportunities, questioning what helpful lessons can be learned, and expecting to make mistakes. They advocate for positive reactions to errors, suggesting that this approach fosters personal growth and effective leadership.

Takeaways

• 🚫 Stop self-judgment: The speaker emphasizes the importance of not being overly critical of oneself despite making mistakes and failures in business.
• 🔄 Reframe mistakes: Mistakes and failures are reframed as prerequisites for success, necessary for learning and growth.
• 🌟 Success stories include failures: Even the most successful individuals, like Howard Schultz and Steve Jobs, have experienced significant failures.
• 🤔 Reflective thinking: After a significant mistake, the speaker introspects and decides to be more productive instead of indulging in self-deprecation.
• 💡 Redirect negative energy: The energy from negative feelings after a mistake can be redirected towards productive actions.
• ⁉️ Ask helpful questions: Instead of jumping to negative conclusions, ask what helpful lessons can be learned from the experience.
• 🚀 Expect and plan for mistakes: Building plans that do not anticipate mistakes sets oneself up for disappointment; it's better to expect and react positively to them.
• 🧠 Train your mind for positivity: Train your thought process to focus on positive takeaways rather than negative assumptions.
• 🌱 Embrace the human aspect: Accept that as a human, you will make mistakes, even with the best planning and intentions.
• 🔄 Relabel experiences: Instead of using the words 'mistake' or 'failure', relabel them as 'experiences' to foster a more positive mindset.

Q & A

What is the main issue the speaker addresses in the transcript?

The speaker addresses the issue of self-criticism and how to stop beating oneself up over mistakes and failures while building a business.

What is the speaker's initial belief about the relationship between ambition and self-criticism?

The speaker initially believes that being hard on oneself and extremely judgmental is necessary for the drive to succeed.

How does the speaker reframe the concept of mistakes and failures?

The speaker reframes mistakes and failures as prerequisites for success, stating that they are inevitable and necessary for learning and growth.

What book and author does the speaker mention to support their reframing of mistakes and failures?

The speaker mentions the book 'Pour Your Heart Into It' by Howard Schultz to support their reframing.

What examples does the speaker give of successful people who experienced significant failures?

The speaker gives examples of Howard Schultz from Starbucks and Steve Jobs from Apple, both of whom experienced significant failures before achieving success.

What was the significant mistake the speaker made in 2019 regarding salary delegation?

The speaker delegated salary decisions without having a proper system in place, leading to unauthorized raises and a mess to clean up.

How did the speaker's perspective change after the salary delegation mistake?

After the mistake, the speaker realized that beating oneself up is unproductive and instead focused on learning from the experience and being more productive.

What are the three conclusions the speaker came to in order to stop beating themselves up?

The three conclusions are: 1) Recognize the energy behind self-criticism and use it productively; 2) Ask what helpful lesson can be learned from the experience; 3) Expect to make mistakes and focus on reacting positively to them.

Why does the speaker suggest reframing the word 'mistake'?

The speaker suggests reframing the word 'mistake' to 'experience' to change the negative connotation and to focus on the learning opportunity it presents.

What advice does the speaker give for dealing with mistakes in a business setting?

The speaker advises to expect mistakes, learn from them by asking what helpful lessons can be drawn, and to react positively rather than indulging in self-criticism.

How does the speaker suggest using the energy from negative experiences?

The speaker suggests using the negative energy from mistakes or failures to fuel productivity and positive action, rather than indulging in self-criticism.