To me, the mental game is much more important. Watching lots of other successful and less-than-successful entrepreneurs over time, the differences are crystal clear to me between those who succeed at this and those who don't. In fact, I could boil it down into a simple quiz. Try it yourself, and see how you do.
1. Can you name at least two people – real people you personally know – who make a good, full-time living at what you do?People often think they have to pick something "unique" that no one else has done before. But the people I know who succeed generally pick things lots of people already pay for, and do it better than anyone else.
2. On a scale of 1-to-10, how good you are at what you plan to do?
3. What do other people say about working with you? Really?
4. How do you react when something costs you time or money?
Something amazing happens when you shift gears from a paycheck to a world of cash flow. People slow-roll your invoices. They wake up with "brilliant ideas" that force you to do their projects all over again. They cancel appointments at the last minute. They tell you for months that a contract is a "go," and then no it isn't.
Listen carefully: these things always happen when you are self-employed. If you react with anger, annoyance, or self-interest to them, you are finished. You can't play in our sandbox. You will silently get put on people's pain-in-the-ass list and never get called again, by them and all the people they talk to. And you will probably never even know what hit you.
For me personally? Had I succumbed to human nature when things went wrong, I would have lost the majority of my current clients. Simple as that.
5. Do you get along with your competitors?
Many would-be entrepreneurs view the world through a competitive lens. Ask yourself a simple question: do you want others in your field to tell people how great you are, or why they shouldn't work with you? Mindshare is everything in a small, connected world.
Did you notice something interesting about this quiz? Not a word about what kind of business you should be in. Because it doesn't matter. I see people succeed – and fail – in any kind of business you could imagine (as long as you re-read question number 1 about what people already pay for), and generally for exactly the same reasons.
Does this all sound pretty straightforward? Good. It should. But here is what amazes me: the (many) people who flunk this simple test nearly always fail, and those who pass it generally succeed – even in this economy. How do you score?
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