Let’s be honest. Being an entrepreneur can be tough. On your journey you will encounter obstacles, challenges, and hardships. Read on to see how you can improve your entrepreneurial grit.
What does it mean to have entrepreneurial grit? It means having a type of mental toughness. It’s perseverance to carry on with your task even though you’ve failed before.
Having grit is what makes or breaks an entrepreneur. Here are 10 ways you can improve your entrepreneurial grit to reach your goals.
Developing a Tough Business Mindset
1. Set Short-Term Challenges to Achieve Long-Term Goals
Everyone has a long-term goal they’re aiming for. For some, it might be to get married or own a home. For others, it might mean increasing their wealth by a certain number or percentage.
Reaching that long-term goal is difficult because there aren’t specific steps put into place to help you reach it.
That’s where your grit can start to be honed. First, figure out what your long-term goal is. Then create actionable and challenging steps that can help you reach it. If you’re unsure of what steps you need to take, then do your research.
The steps, themselves, shouldn’t be easy. You won’t hone your grit by completing simple tasks.
Instead, it’s about persevering through tough challenges and bouncing back in the wake of failure.
It’s also important that you hold yourself accountable for the short-term goals.
Completing them rests on your shoulders. While you may use others to help you accomplish the goal, the final push should always come from you.
You may face failure while you attempt to complete these goals. It’s a great opportunity to step back, analyze the situation, and determine whether you need a different approach.
You may even discover that the goal, itself, won’t actually help you achieve your long-term goal.
For some individuals, that kind of failure or setback may be too much. They may decide to throw in the towel. Those individuals will never reach the same kind of success as entrepreneurs that hone their grit and keep their nose to the grind.
Once a short-term goal has been achieved, it’s time to begin the next one. By toughing out through every goal, you’ll gain experience and improve your grit.
The next time failure rears its ugly head, you won’t back down.
You can start making your short-term goals by laying out a roadmap for your long-term goal.
Use a strategist or business coach to help make shorter goals if you’re unsure how to achieve the long-term goal.
The short-term goals should be achievable either on a weekly or bi-weekly basis. They should be that specific. As you achieve one goal, you can begin the next, and so on, until your long-term goal is reached.
2. Don’t Get Distracted
A common metaphorical syndrome that many entrepreneurs suffer from is “shiny object syndrome.”
This refers to a situation in which the individual is distracted by other methods or processes.
The new method or strategy can keep them from accomplishing their short-term goal because they suddenly focus their attention on that strategy instead.
The problem with this is that once you get distracted by another strategy or method once, it’s likely to happen again.
Before you know it, you may be far off-course from your long-term goal. Even worse, because you stopped halfway through finishing your short-term goals, you have a bunch of progress in several different strategies, but no actual completion.
Entrepreneurial grit is about choosing a path, or strategy, and sticking to it.
If you’re unsure whether or not the strategy you’re using to reach your long-term goal is the right one, then hire a strategist or business coach.
They can analyze your short-term goals and help you determine whether or not they will give you the results that you want to see.
With their seal of approval, you’ll have the confidence in knowing that your strategy is sound.
Other strategies may seem interesting or like they may help you reach your long-term goal faster, but you can’t be sure. It isn’t a risk that you should take.
There’s a common motto in business. “Done is better than perfect.” You can always refine your processes later. The important thing is to reach the goal in the first place.
You can improve your grit by keeping your focus. Don’t let other strategies or technologies keep you from the strategy that you’ve made.
Unless the strategy seems as though it’s going to blow up your business and send you immediately into the big leagues, you shouldn’t abandon your sound strategy.
Those with true grit are able to stick to their course and reach their long-term goals without becoming distracted.
3. Improve Your Resourcefulness
One aspect of grit is how willing you are to use your resources. What are your resources? What can you use to achieve your short-term goals?
If you’re unsure, then take a step back and analyze the situation. Consider your skills, technology, and contacts that you have.
An important part of growing your grit is being able to bootstrap solutions together. It may not be pretty, but if it gets the job done, then you showed true grit and resourcefulness.
Another part of being resourceful is knowing how to use your relationships and contacts. How can you leverage those relationships?
What contacts are available to you that can provide new perspectives and ideas? Maximizing your relationships improves your grit by making you a bit scrappy.
You’re not going down without a fight. You have a backup.
Finally, how can you make your investments stretch further? As a beginner entrepreneur, every dollar counts.
You need to be able to find ways to stretch your dollar and make the most of your money. Finding unique solutions to stretch your dollar can improve your grit and resourcefulness.
This daily grind and scramble are at the very heart of refining your grit. It’s the kind of devotion that will help you achieve your long-term goal and build your business step-by-step.
4. Learn From Failure
A crucial part of improving your grit is being able to learn from your failures without it stopping you.
You may be told that your startup will fail. The statistics may even prove that it will. An entrepreneur with true grit doesn’t care about the statistics.
They’ll continue to push through the failure until it does work. There are tons of examples of entrepreneurs who did just this and found massive success.
Before Hershey became the standard for chocolate companies, Milton S. Hershey had already suffered two business failures.
Even Sir James Dyson had gone through 5,126 prototypes before finding the perfect model.
You’re going to face failure.
It’s inevitable. Grit allows you to learn from the mistakes that were made, the processes that didn’t work and then grants you the ability to refine your tactics until it does work.
5. Develop Grit Through Practice
If you’re unsure whether you have the level of grit necessary to be a successful entrepreneur, then one way to develop it is through practice.
Rigorous practice. The act of practice is, in itself, an act of grit. It’s easy to perform a task a few times and call it done.
True grit stems from hours spent practicing. Before you move onto the next task, the basic foundation that came before should be set.
It also offers an easy way to deal with failure. Instead of seeing it as a failure, you can instead see it as a practice run that didn’t go as planned.
6. Develop a Passionate Purpose
It can be difficult to pin down an exact purpose. Your purpose may be to grow your wealth or see the successful launch of your business.
Maybe it’s to work less. Whatever your purpose is, it should be related to your long-term goal. You need something that you’re passionate about.
Without passion, it’s difficult to improve your grit. You may not feel as motivated to achieve your goals because you’re not that passionate about the purpose.
When planning your business or your purpose, you need to make sure that you feel connected enough to it that you’re ready to spend hours driving towards that purpose.
7. Use an Optimistic Perspective
You’re not going to get far as an entrepreneur if you have a pessimistic or negative perspective on things.
Negativity blocks your ability to see unique actions that you can take to solve a problem. It also drives you to give up.
Adopting an optimistic perspective ensures you don’t become trapped in a failed attempt. It allows you to push through and try again.
You may not have gotten it right this time, but you can learn from the mistakes and succeed the next time.
Being optimistic is a vital part of improving your grit because grit relies on optimism. Without it, anything you do seems hopeless and pointless.
8. Develop Your Patience
Succeeding as an entrepreneur requires a lot of patience. It rarely occurs overnight. It’s going to take time to work through all of your short-term goals.
Long-term goals are typically years away from being able to be achieved.
You’ll experience setbacks. It’s easy to just grow impatient and try something else or give up entirely. Having patience enables you to get back into it and try again.
A savvy entrepreneur knows that they’re going to spend days, if not weeks, on the same short-term goal.
They’re not bothered by this. They know that their hard work and patience will pay off later.
By putting in the time and having the patience to put in the time, your grit will be improved and your long-term goals will be met.
9. Celebrate Small Victories
Grit isn’t just about pushing through the hard stuff. It’s also about celebrating small victories. Everyone needs to feel accomplished from time to time.
Otherwise, it’s easy to burn out. Any time you accomplish a short-term goal, you and your team should have a small celebration.
Being praised for your work, stepping back and admiring your accomplishment, and celebrating the hard work of others gives you the motivation to keep going.
The brain reacts well to positive feelings.
You can keep it hard-wired to tough it out during difficult situations with the promise that you’ll have a nice celebration when the goal is achieved.
10. Give Yourself Mental Space to Unwind
You’re going to be pushing yourself hard to accomplish your goals. Not giving yourself the opportunity to relax and take a break isn’t going to help you.
It won’t push you any faster towards your goals. If anything, it may delay you further.
When you’re tired or burned out, you make mistakes. Those mistakes can cause needless delays.
Part of reinforcing your grit is to give your brain and energy reserves a break. That might mean taking an extended break during work hours.
It may mean that you completely ignore work-related activities once you’re out of the office. It may even mean that you take a vacation where you can just relax and indulge yourself.
However it’s shaped for you, giving yourself mental space to think, relax, and rejuvenate can keep your grit intact.
As entrepreneurs, it’s common to think that that we have to go at it alone. However, that doesn’t have to be the case. If you’ve done all you can but continually find yourself falling short, check out this program to help you achieve life-changing goals in just 100 days.