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Published on October 17, 2018

Feel like Giving Up? 16 Way to Help Entrepreneurs Stay Motivated

Feel like Giving Up? 16 Way to Help Entrepreneurs Stay Motivated

When you’re dreaming about becoming an entrepreneur and starting your own business, motivation never seems to be a problem. Once you launch that business and get your hands dirty, well, those long days of burning the midnight oil can really take their toll and suck your motivational reserves dry.

Staying motivated as an entrepreneur is easier said than done, but it’s without a doubt, essential for the success of your business. From its earliest beginnings and into the prosperous years of your business, staying motivated is what will continue to guide your business to success.

Finding motivation will not only help to fuel your own fire, but those who work with you as well. You’ll find that staying motivated as an entrepreneur will benefit you at work and in other areas of your life.

If you’re looking for a motivation boost, here are 16 ways to fuel the fire of your entrepreneurial spirit.

1. Recognize the small victories

Choosing to leave the corporate grind of working for somebody else and embark on a path as your own boss is in itself, a victory. It’s critical to your success that you learn to recognize and celebrate each of the little victories on your journey of entrepreneurship at every step.

Of course those big wins where trumpets seem to emerge out of nowhere and the clouds part just for you are awesome, but they don’t come often. It’s the small victories that drive success and ultimately lead to those huge champagne bottle-popping wins.

Maybe it’s simply getting the contact information of a potential new client or getting the internet set up at your office space. Taking time to not only recognize, but celebrate the small victories will help you to enjoy life as an entrepreneur that much more.

2. Bring your loved ones into your challenges

Former justice of the United States Supreme Court, Sandra Day O’Connor famously said that we don’t accomplish anything in this life alone, that everything is a tapestry of our relationships with others. Some of the best motivation you’ll get as an entrepreneur is going to come from your friends and family. Share with them your goals and the challenges you’re facing.

They’ll not only be there to share in each of your victories, but will be the ones to pick you up after suffering a defeat. Depending on their own background, they may even be able to offer some practical advice. Bring them into your life as an entrepreneur and allow them to help motivate and strengthen you.

3. Take advantage of the morning

What do Richard Branson and Elon Musk have in common? Besides being ridiculously innovative and wealthy, they make the most of their mornings.[1]

Numerous studies have shown that the first few hours after we wake up are the most productive for our brains. Rather than using that hour before heading to work to scroll your social media feeds, you could be harnessing your re-energized brain power to set you up for knocking out the day’s most important tasks.

Stephanie Kersta , co-founder of Hoame, a studio offering meditation classes, recommends using your morning to get in some mediation:

“Studies have shown that meditating for as little as 10 minutes per day can have profound impacts on the way our brain processes information, which leads to increased productivity. We know that habits we implement first thing in the morning tend to stick a little easier due to the sheer fact that there are naturally less interruptions.”

By taking advantage of the morning hours, you’ll be more motivated with the realization that you’ve done more before noon than many people do in a full day.

These 10 Morning Habits of Successful People are something you should start to learn.

4. Get a good night’s sleep

In order to take advantage of your brain’s morning boost, it’s necessary that you get a good night’s sleep. Waking up at 6am doesn’t do a lot of good if you need seven hours of sleep and didn’t roll into bed until 2am.

Everyone’s body is different, but most researchers tend to agree that eight hours of sleep is ideal. Not getting enough sleep will of course affect your mood, ability to focus, and overall health. It’s difficult to stay motivated on growing your business and reaching your entrepreneurial goals when you’re feeling groggy.

Get some shuteye, your business will thank you.

5. Establish a routine

After discussing the importance of sleep and taking advantage of the morning in regards to staying motivated, you can probably guess the overall theme — routine!

Establishing a solid routine will make all the difference in the world when it comes to your success as an entrepreneur. It will not only cut down on stress, but help to maximize your time and efficiency.

Consider developing a routine that hits these points:

  • Diet and exercise.
  • How to start and end your work day.
  • Carving out time for relaxation and reflection.

Here’s a good example of a morning routine:

Want to Feel More Energized Throughout the Day? Start With This

You’ll probably be surprised at how quickly after you settle into a productive daily routine that you start to chip away at any obstacles which may have been holding you back.

6. Track the money

If you want to have some real visual reminders to keep you motivated — and stay in business — then keep track of all the money going in and out of your company.

Set up those spreadsheets and track everything that you’re spending from the very first day.

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Not only will this help you to better manage money and ensure that it’s there when you need it for expenses, but you’ll be able to see how close you are to hitting different financial goals.

Earned financial success never just creeps up on somebody, it’s carefully planned out each and every single time.

7. Remind yourself of the WHY

Just like your little league coach told you, “keep your eye on the ball.” There was a reason why you decided to start down the road of entrepreneurship and launch a business and it’s important that you remind yourself that from time to time.

Call it whatever you want, the big picture or grand idea, looking back at how far you’ve come and where you’re going is a fantastic motivator.

“Many of life’s failures are people who did not realize how close they were to success when they gave up.” – Thomas Edison.

8. Give yourself a personal reward

There are few things more gratifying and motivating than enjoying the spoils of victory that come with a job well done. It’s in our nature to react to incentives and taking time to reward our accomplishments is a healthy thing.

Maybe it’s hitting a new financial goal or reaching a breakthrough in a new technology you’re developing, but work without reward is a killer of motivation.

How do you celebrate? Buy a round of drinks for friends or coworkers? Hit up a sporting event or concert?

You don’t have to spend a lot of money, or any money at all if you don’t want to. The key is acknowledging an accomplishment with an incentive to keep you motivated to push onward.

9. Map your goals

Goals without a plan are just ideas. You know what your goal as an entrepreneur is, but you’ll need a mapped out business plan to make that goal a reality.

Every entrepreneur has goals they want to accomplish, the problem is that if we fail to put them down they’re more likely not to happen.

Mapping out your goals and writing them down with the steps of what and when you want to accomplish certain tasks, raises your chances for success by as much as 42 percent.

Whether it’s on your phone or a giant whiteboard in your office, you can look at those written goals whenever you need a motivational kick.

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10. Seek out inspiration

Everyone finds inspiration to help them stay focused, excited, and motivated from sources outside themselves.

For example, Olympic swimming gold medalist Michael Phelps would listen to Eminem to pump himself up before a race. For you, it might be watching Rocky Balboa’s jog through Philadelphia once a week or reading every piece of business and entrepreneurial literature you can get your hands on.

The point is that seeking out inspiration puts us in a positive mindset and having a good attitude is a key for staying motivated and pushing through the tough times.

11. Surround yourself with like-minded people

There are going to be haters and those with doubts about what you want to accomplish. Nobody ever did anything great though by surrounding themselves with short-sighted and negative people.

Surround yourself with likeminded people who also have a desire and drive for success. Find others who share your drive, for example:

  • Join an entrepreneurs book club.
  • Find a local meetup for people in your industry.
  • Seek out entrepreneurs and those in your field online.

In order to see your vision from an idea to a reality, you’re going to need cheerleaders who will root for you, celebrate your wins, and possibly even teach you. Go find them!

12. Create a mission statement

Developing a mission statement can be a fantastic way to stay motivated on what you’re doing and provide direction. It’s important to differentiate that while it certainly incorporates your WHY, it’s not the same as mapping out your goals.

The mission statement is more of a declaration about the impact you want to make.

A good mission statement should summarize your overall goals and values and whom you’re doing it all for. Once you’ve written your mission statement, you may want to consider framing it and putting it somewhere you’ll regularly see it for extra motivation.

Take these steps to write your own mission statement and help yourself stay motivated!

13. Learn from your heroes

The very first entrepreneur on the planet definitely had it rough because they didn’t have anybody else’s stories of success to leverage in their favor.

Fortunately for you, there are countless success stories out there that you can pull both motivation and wisdom from.

Read the biographies of your heroes and the people you look up to. Read the books they read. Watch online interviews with them. Do whatever you can to absorb their knowledge and the wisdom of those who taught them.

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Whatever challenge you might be facing, you’re probably not the first person to experience it. Look to what others before you have done.

14. Give yourself some personal time

Remember how the character of Jack Torrance in Stephen King’s novel The Shining went berserk and kept typing “all work and no play makes Jack a dull boy”? Well, as crazy as that character was, there’s some truth to that:

It’s important that you take at least a little bit of time to yourself each day to just stop and chill out.

Find something that you enjoy doing that allows you to decompress and not think about everything you plan to accomplish tomorrow. Whether it’s strumming a guitar, going to the batting cages, or just watching a movie, allow yourself some personal time outside of work.

15. Focus on the positive

There are certainly going to be days when things are not going right and it’s one thing after another. Being a successful entrepreneur is never easy, but it is incredibly rewarding.

Not everyone gets to try and do what they love for a living, but if you give it your all, then you can accomplish your goals.

Even when it seems like nothing is working, try to stop and find at least one thing that day or week that did go right. Channeling your energy towards the positive, rather than the negative will help motivate you to keep climbing that mountain.

16. Remember to have fun

Yes, have fun! That’s one of the reasons you started down this road of being an entrepreneur in the first place. You wanted to do something different than what you were doing and carve something out that was your vision and not somebody else’s.

It’s easy to start your business with excitement and have it become a point of stress, but don’t become that entrepreneur. Remind yourself why you started this journey and don’t be afraid to alter directions from time to time if needed.

Entrepreneurship is a lot like that old saying about life, it’s not about the destination, but the journey. So enjoy it!

Final thoughts

Remember that every entrepreneur is going to find different ways of staying motivated. It’s finding that motivation and focus, however, that every successful entrepreneur has in common.

If you want your business venture to thrive, then it’s important that you not only develop a clear vision of what that looks like, but seek out ways to stay positive and motivated in making it happen.

There may be moments of self-doubt, but remember that the key to success is within you. All you have to do is keep the fires of determination burning.

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Featured photo credit: Ellyot via unsplash.com

Reference

More by this author

Chris Porteous

The CEO of Grey Smoke Media / My SEO Sucks, helping entrepreneurs to grow their businesses.

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Last Updated on May 15, 2019

10 Most Successful Entrepreneurs and What We Can Learn from Them

10 Most Successful Entrepreneurs and What We Can Learn from Them

Apart from making crucial decisions for their own businesses, entrepreneurs innovate and grow their ideas. Albeit there being no cookie-cutter answer that fits everyone’s experiences, taking a look at some of the most successful entrepreneurs today, you might spot some similar traits and characteristics.

Starting and nurturing a business entails a great amount of hard work and commitment. However, for aspiring entrepreneurs who are prepared to dedicate themselves to their vision, here are 10 most successful entrepreneurs you can learn from:

1. Melanie Perkins: Know Your Worth and Keep Trying

    Melanie Perkins founded Canva, a Sydney-based business valued at $1Billion having successfully raised a number of rounds of successful funding and boasting more than 10 Million users in 179 countries.[1]

    She told BBC that one of the biggest challenges she faced getting into the business was talking about her company’s accomplishments when she first got to Silicon Valley. She attributed this difficulty to a cultural difference where Australians tend to ‘talk down’ their achievements and this would slow down her fundraising progress for a few years.

    Despite hundreds of rejections, Melanie emerged three years later with a much clearer strategy and stronger investor pitch that prompted a series of fundraising rounds netting the company $82Million of funding in total.[2]

    2. Bill Gates: Keep Learning and Exploring

      If you don’t know Bill Gates, you likely know the company he founded – Microsoft.

      Bill Gates’ story is a prime example of nurturing an idea that might seem out of this world but make sense in the future. One of the most successful entrepreneurs in history did not complete his degree at Harvard University to pursue a vision that the technology would soon become the future.

      He told a white lie to Altair, saying that he had made a computer program for them, therefore pushing himself to create a system that would change modern history.

      “The most important speed issue is convincing everyone that the company’s survival depends on moving as fast as possible.”

      Gates’ success is built on self-improvement and the seeds of an idea.

      3. Elon Musk: Never Stop Innovating

        Traditional thinking suggests that in order to become a successful entrepreneur, one must focus in a single field or industry.

        Elon Musk, however, breaks that rule.

        Today, the multifaceted tech entrepreneur, investor, and engineer advocates for the diversification of skills and businesses by delving into various fields of interest.

        When done right, skills in a single domain can be carried over then applied into contrasting industries to create something new the world might need. Musk owes his accomplishments to a constant thirst for knowledge.

        Having birthed Tesla and a myriad of products across the arenas of aeronautics and software design, Musk continues to evolve as an entrepreneur and plans to innovate for the long haul.

        4. Richard Branson: Develop People First

          British entrepreneur Richard Branson founded Virgin Records in the early 1970s. Virgin Records has since grown into the Virgin Group, today responsible for over 400 companies.

          The billionaire is strongly particular about working with a team that shares his core values and aspirations.

          Branson believes that managing a business can become taxing, thus he acknowledges his employees for putting in the effort that they have.

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          A good leader knows how to raise morale for positive productivity. Utilising emotional intelligence and compassion is a game changer in seeing results within a team.

          Branson’s supports the idea of nurturing a positive work environment, with the belief that credentials must go hand-in-hand with an enthusiasm for work.

          5. Jeff Bezos: A Relentless Focus on Customer Satisfaction

            Having founded Amazon, Jeff Bezos is known to be one of America’s most successful entrepreneurs. The e-commerce pioneer fixates himself on angry customers with the belief that a business’s loopholes are found in the experiences of unsatisfied customers.

            For the 8th year in a row, customers have ranked Amazon as the number one in customer service (according to the American Customer Satisfaction Index).

            While numerous companies ignore unhappy customers, Bezos found success in learning from reviews and surveys. By focusing on customer service, Amazon shows they care, both for their customers and for rising above their competitors.

            While praise and recognition are signs that a business is accelerating, criticism is an opportunity to improve a product or a service.

            6. Mark Zuckerberg: Start Small, Think Big

              Valued at over 55 billion dollars today, Mark Zuckerberg built the first version of what would become a social networking giant in his Harvard University dorm room. As one of the world’s youngest entrepreneurs, Zuckerberg undoubtedly took countless calculated risks to get his brilliant idea to its current status with 2.38 billion active monthly users.

              “The biggest risk is not taking any risk.”

              He’s always daring to explore with a fearless mindset.

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              The young tech entrepreneur never shied away from innovating outside of the box. Soon after Facebook became a hit to users and advertisers, big corporations took interest in buying Facebook from Zuckerberg.

              However, he took the risk and decided to stay with his creation. Turning down billions of dollars offered by Yahoo CEO, Terry Semel, he envisioned turning his brainchild into something much bigger than what it already was then.

              7. Steve Jobs: Live Your Own Dreams

                Steve Jobs lived a rocky path all his life and an aspect of which is a tumultuous career.

                The founder of Apple endorsed his beliefs on the temporality of life and limitations of time. He preached about the importance of working on the very legacies people wish to leave behind, an achievement he’s undoubtedly etched into the the archives of human history.

                Never one to hide under someone’s shadow, Jobs did not live by anybody else’s principles so he formed his own. He tirelessly dedicated himself to building a unique brand of products that became the benchmark for contemporary technology.

                After his highs and lows through his brief battle with cancer, Jobs concludes with yet another lesson to takeaway from his remarkable life. “No matter how much money you have, even the richest man can’t buy time.”

                8. Warren Buffett: Balance is Essential to Success

                  Despite being the third wealthiest person in the world, Warrant Buffett sported a frugal lifestyle for most of his life.

                  After buying a house in Omaha, Nebraska for just above 31,000 dollars, he has lived there since 1958. As a leading investor and a founder at Berkshire Hathaway, Buffett believes in setting aside an amount to save and spend only on necessities.

                  With a long term goal as a top priority in mind always, treating oneself can be sustainable once in a while. He advices to save money by deciding first and foremost what aspects to scrimp on and what aspects to splurge on to ensure a happy and balanced lifestyle.

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                  9. Jack Ma: Never Give up

                    On every journey to success, everybody stumbles and arrives at roadblocks. Some more than most, like Jack Ma, who survived countless rejections and failures only to get back up and brave every storm.

                    Ma is the founder of multinational technology conglomerate Alibaba Group. Despite being rejected to Harvard after every one of his 10 applications, Ma was never defeated.

                    His grit and tenacity is a fine testament to the fact that grades do not determine a future. While qualifications on paper are important, the development of skills and an attitude is just as helpful in making a recipe for success.

                    Despite finding himself in the verge of bankruptcy in the 1990s, Jack Ma possessed the resilience to put one foot in front of the other until he finally made it. “It’s important to have patience,” he says.

                    10. Tan Min Liang: Passion Can Pay Off

                      Tan Min Liang is the founder of the leading high-performance gaming hardware, Razer. Always on the look out for new opportunities to connect and scale his business, Tan has been bold in making many of his life’s decisions.

                      Having deviated from a traditional path set by a family that consists of doctors and lawyers, Tan was to find his life’s work and passion while gaming with his older brother.

                      The idea was simple: there were so many games out there to play, however, there were hardly any gaming equipment to match this.

                      So he dropped out of law and began going a different direction, into creating solutions in the gaming industry. At the start of 2019, Tan wrote to tech luminary Elon Musk to which Musk’s reply suggested of a joint venture between two of the most successful entrepreneurs today.

                      Final Thoughts

                      In today’s cutthroat world, the road to becoming a successful entrepreneur is a long and arduous process trailed with ups and downs. A valuable lesson that a good hand of entrepreneurs would love to convey to aspiring entrepreneurs is to keep the spirit of innovation and to explore uncharted waters.

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                      Learning from experience and failure is one direction to a desired end goal. Exhibiting the same dedication and grit so many entrepreneurs have through their unexpected careers – today’s budding visionaries ought to hang on their dreams and leave room for improvement along the way.

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                      Featured photo credit: Patrick Tomasso via unsplash.com

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