The ultimate entrepreneurs' guide to mastering your emotions
In arecent article from Harvard Business School, Professor Linda Hill says that "getting an organization to its digital future is less about technology and tools, and more about people and culture. For leaders, that means (also) engaging with employees on a deeply emotional level".
As part of our work atPURE LAMBDA, we receive a lot of questions from entrepreneurs asking themselves how to master their emotions, positive or negative, while growing their businesses. The entrepreneurship journey is often seen as a true rollercoaster navigating through worry, indecision, doubt, stress, and loneliness and how to handle success and growth.
Feelings are often linked to a situation or, more precisely, to a representation of a situation leading to a plethora of questions.
- How do I know I am on the right path with my business?
- Does the world need what I create?
- I am tired, but I am the founder of my company. Why should I care about self-care?
- Will I be okay if my startup does not work?
- Will I be okay if my startup scales faster than expected?
- Do I have suitable business models for my product and my users?
Overall, based on our entrepreneurial experience, there are some fundamental rules to follow to put some distance between a situation, a feeling, and your answer.
- Data is gold. If you are lost, trust your metrics. It is a clear and tangible indication of where you stand.
- Putting yourself first is not selfish. On the plane, they always tell you to put your mask on before helping others with putting theirs on. As a founder or an entrepreneur, your physical and mental health are paramount. Listen to yourself. Learn to delegate.
- It is normal to feel attached to your business, but remember that you and your business are two different entities.
- You never fail; you either succeed or you learn. Sadly, the entrepreneurship journey in Europe is quite different from that in the US, where failure is much more accepted.
- Being overwhelmed by success is a good problem to have; keep that in mind. It is a good strategy to think about a hiring process from the start so you can activate it as soon as needing it.
- Control your burn rate. The success of your business depends on your ability to run a marathon, not a spring run. It is okay to say no to a customer if needed, should you want to keep quality. Saying "no" to a customer is better than a customer talking about how bad their experience was.
- Never forget that the path to success includes luck, and there is no way to influence how lucky you are, but there is always a way to be ready when luck strikes. Always be prepared.
And to make it even more practical, we have decided to build up a guide listing the emotions that an entrepreneur might feel and give some practical advice and tools on how to respond to them.
To sum up it all, we would take the words of Tal Ben-Shahar, an American and Israeli teacher and well-known writer in the areas of positive psychology and leadership, who once said: "I do not think that things necessarily happen for the best, but we can learn to make the best of things that happen."