The Hardest Part of Entrepreneurship

Summary

• Managing emotions, anxiety, and stress is crucial as an entrepreneur because these factors affect our decision-making.
• High-quality decisions are the result of emotional management and they compound over time, impacting our business significantly.
• Making daily improvements, even as small as 1% better each day, can lead to substantial growth – up to 37 times better over the course of a year.
• Conversely, letting decisions slip by just 0.1% every day can erode your progress to nothing by year's end.
• Focus on making incremental improvements every day to ensure long-term success in your entrepreneurial journey.

Video

How To Take Action

I would suggest implementing a daily routine to manage your emotions and stress. Start your day with a short meditation or deep breathing exercise. This will help you stay calm and make better decisions.

To keep improving, aim for small, daily gains. Just try to be 1% better every day in whatever you do. It could be in your product, your service, or how you talk to customers. These small steps will add up big over time.

For keeping track, jot down your daily improvements. Use a notebook or an app. Write what you did better each day. This helps you see your progress and stay motivated.

If you're feeling overwhelmed, break tasks into smaller parts. Don't try to do everything at once. Tackle one thing at a time. This will make each task feel more manageable.

Remember, it's okay to make mistakes. The key is to learn from them. When something doesn't go right, think about what you could do differently next time. Don't let little slips bring you down.

Lastly, celebrate your wins, even the small ones. This will help you stay positive and keep pushing forward.

Remember, it's all about consistent, incremental improvements. Stick with it, and you'll see the growth you're working for in your business and yourself.

Quotes by Alex Hormozi

"One of the hardest parts of entrepreneurship is managing emotions and managing anxiety and managing stress"

– Alex Hormozi

"So that you can make higher quality decisions"

– Alex Hormozi

"High quality decisions are one of those things that compound over a long period of time"

– Alex Hormozi

"We make hundreds and hundreds of decisions every single day every single week for our business"

– Alex Hormozi

"1% better every day compounded for 365 days is 37x what you started"

– Alex Hormozi

Full Transcript

one of the hardest parts of Entrepreneurship is managing emotions and managing anxiety and managing stress so that you can make higher quality decisions and high quality decisions are one of those things that compound over a long period of time because we make hundreds and hundreds of decisions every single day every single week for our business and it's many small micros that can go all the way up 1% better every day compounded for 365 days is 37x what you started or .1% Worse goes down to zero at the end of the year