The Worst Addiction for Entrepreneurs

erase-addictionAddiction comes in many forms – drugs, alcohol, sex and gambling to name a few. But they aren’t the worst addiction for entrepreneurs.

Any of these addictions can destroy your life, to be sure. They can be so destructive that other people see it. They see you screwing it all up. They see you throwing your life away.

If you’re lucky – if they love you enough – they step in. “Faithful are the wounds of a friend,” King David said in Proverbs.

The invisible addiction
The worst addiction makes the top of the list because no one sees it. You may have this addiction and not even realize it.

But it’s there – lurking inside your head. If left unchecked, this addiction grows like a cancer inside you and eventually consumes you.

It drives your thoughts. It runs your life. Yet you’re not even aware of it.

You think you’re being prudent. You’re thinking you’re being wise. But you’re addicted. You’re hooked on your past mistakes!

This addiction manifests itself in one of two ways:

You stop taking risks
Anybody who does anything will make mistakes. As an entrepreneur, you do much more than “anything” – you turn nothing into something. You create value in the process, for yourself and others.

You will fail from time to time. When faced with failure, the average person stops trying. They give up. They get hooked on the mistake and it drives their life from that point forward.

They don’t take any risk. They get stuck in mediocrity. They never reach BIGG success.

The cure
So many people think, “I wish I had …” or “I wish I wouldn’t have …” when things don’t turn out as planned. And things never turn out as planned.

Successful entrepreneurs think, “Next time, I will …”

So forget about your mistakes and remember the lesson. Bring your experience into your next decision. You’re stronger and wiser now. You’re better prepared for BIGG success!

You double down
Some people do the opposite. When faced with a loss, they double down.

They desperately try to “get their money back.” They stop investing and start gambling and scrambling. They’re afraid of failing. They worry they’ll be embarrassed. They will do just about anything to try to “rescue” their investment of time and money.

The funny thing is – in some cases, this turns out to be the best response. You’re not a failure until you give up. However, you may be better off focusing your resources on something else.

The cure

Remove the emotion from the situation. Seek help from people who have been there. It’s tough to know whether to push on or move on. Ultimately, the decision is yours. Let logic rule and, one way or another, you’ll reach BIGG success!

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3 replies
  1. Kurt
    Kurt says:

    I’m pretty sure the book that contained the verse quoted “Faithful are the wounds of a friend,” was written by King David’s son Solomon not by King David. See Proverbs 1:1, quote from Proverbs 27:6.

    Reply

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  1. […] talked recently about how unsuccessful people respond to mistakes. One thing successful entrepreneurs have in common in that they have made mistakes. A second thing […]

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