Destined for Greatness: Your Tuesday Afternoon Inspiration with Bulls n Bears

Tue Sep 8 14:12:51 CAT 2020

Destined for Greatness: 10 Success-Boosting Motivation Tips From Millionaire
Entrepreneurs

Motivation is a daily struggle for entrepreneurs, so we've put together
these motivation-boosting tips from 10 of today's successful entrepreneurs.

1. Fear of failure.

In an article that he wrote for Bloomberg, Mark Cuban stated that he uses
the fear of failure for self-motivation.

"No matter what business you're in, you're always at risk -- particularly in
technology, where it changes so rapidly you've got to put in the effort to
keep up," writes the Shark Tank panel member. "There's always the
opportunity for some 18-year-old to come out of nowhere and crush you-that
motivates the hell out of me."

"Every one of my companies, whether something I started or something I
invested in, is a scoreboard. How am I doing? A lot of investors or advisers
play it as a numbers game."

"If they invest in 20 companies, as long as one success covers 19 losses,
they did OK. I look at every loss as a huge failure. I had an investment go
bad recently. I lost $1.5 million on it. It pisses me off to no end."

Failed at something? Ask these Mark Cuban questions.

"You can also use it as motivation. What did I do wrong? Who did I trust
that I shouldn't trust? What can I learn from this situation so I can avoid
it next time?"

2. Do what you're passionate for.

This is the key. However, as Chalmers Brown, co-founder and CTO of Due
writes, "We want to not only make a lot of money but enjoy what we do as
well. We are willing to take on the risk of unstable pay in exchange for
following our dreams."

"Unfortunately, your dream job may not always be the best decision
financially. Sometimes your hobbies are best kept as projects in your spare
time for fun (which is great!). If you do want to try to turn your passion
into a full-time job, these tips can help you get started the right way."

Brown gives the tips below:

.        Improve something that you're already doing.

.        Figuring out where market.

.        Sharing your passion with others.

.        Stay happy and motivated by assigning tasks that you're not a fan
of to someone else.

3. Keep affirmations where you can see them.

"It's so easy as an entrepreneur to get sucked into feeling exhausted or
frustrated, and often the blame is yours alone," writes Murray Newlands,
founder of online invoicing company Sighted. "But a negative mindset sucks
up mental bandwidth and energy that you need to stay focused and successful.

"It is crucial to maintain an optimistic attitude in the face of setbacks.
Whenever you see a quote or a picture that helps you stay positive, place it
front and center so you can remember what this journey is all about."

4. Leverage the power of rejection.

"On June 26, 2008, our friend Michael Seibel introduced us to seven
prominent investors in Silicon Valley. We were attempting to raise $150,000
at a $1.5M valuation. That means for $150,000 you could have bought 10
percent of Airbnb."

"Below you will see five rejections. The other two did not reply," writes
Airbnb Co-Founder Brian Chesky on Medium. "The investors that rejected us
were smart people, and I am sure we didn't look very impressive at the
time."

Below you will see 5 rejections. The other 2 did not reply.

Next time you have an idea and it gets rejected, I want you to think of
these emails.

Today Airbnb is valued at just under $30 billion.

5. Surround yourself with highly successful and motivated people.

"No one does it alone," said Mark Zuckerberg during a Q&A in 2016. "When you
look at most big things that get done in the world, they're not done by one
person, so you're going to need to build a team."

When building your All-Star team, seek out people who excel in the areas
where you're not strong or have less experience. "You're going to need
people that have complementary skills," Zuckerberg emphasized. "No matter
how talented you are, there are just going to be things that you don't bring
to the table."

6. Never feel sorry yourself.

"All of my best successes came on the heels of a failure, so I've learned to
look at each belly flop as the beginning of something good," said Barbara
Corcoran, founder of The Corcoran Group and Shark on Shark Tank.

"If you just hang in there, you'll find that something is right around the
corner. It's that belief that keeps me motivated. I've learned not to feel
sorry for myself, ever. Just five minutes of feeling sorry for yourself
takes your power away and makes you unable to see the next opportunity."

7. Look for inspiration.

Inspiration is a driving force that you can use to motivate you. Lyft
Co-Founder Jordan Zimmerman said that, "Right now, my daughter is a huge
inspiration. Thinking about the future of our cities, the world and what
environment she's going to grow up in."

"Also, the driver and passenger stories we hear every day. In a past team
meeting, we had a mother come in and tell the story herself. She is a Lyft
driver living in New York and her daughter is in Los Angeles.

"The daughter was going through a rough living situation with a roommate and
had to leave and move into a new place. The mother called a Lyft for her
daughter, had a quick conversation with the driver and the driver took care
of her daughter in this tough situation."

"These stories inspire us to think how we can make things more efficient and
create a platform for two people to have a really positive interaction?"

8. Don't obsess over your vision.

Yes. Think about your vision. But don't spend too much time over it or it
will bog you down. Elon Musk, for example, only spends around 30 minutes a
week on his vision of SpaceX colonizing Mars. Besides those 30 minutes, Musk
spends a majority of his time focused on the milestones that are the most
immediate and critical.

9. Be grateful.

"Most of the time when people ask me about motivation, 80 percent of the
time I attribute it to gratitude. If you want real fuel to win, be
grateful," writes Gary Vaynerchuk.

"Gratitude is what has gotten me through my toughest moments in business.
Whenever I have lost a deal to a competitor, or an incredible employee, or
millions of dollars in revenue, I default to gratitude. It's impossible not
to stay motivated or get too down when you're feeling grateful."

10. Forget about motivation.

"So many people wait to feel 'motivated' before they do anything. Here's a
newsflash: happy productive people do not wait for motivation, they just get
on with it,'' said Marie Forleo. I suggest that you watch the entire video
where Marie shares her tips for motivation. It's spot-on.

Invest Wisely!

Bulls n Bears 

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