The Mental Game of Business Ownership: Celebrating the Wins
After we invest, a big part of my job is helping the searcher celebrate progress. Running businesses myself taught me 5 things about the mental game:
1) Wins are too easy to ignore. It takes a conscious effort to remember the good that happened today, because there were always plenty of problems too.
2) Building an encouraging team environment gives your company superpowers. Our motto is: "Catch people doing something right, and celebrate it."
3) Writing down "wins" at the end of each day is amazing for mental health. Eventually, you end up with a document listing hundreds of ways you've made progress, big or small.
4) Journaling when things are difficult is transformational because (1) it's a great way to mentally process, and (2) you can look back a year later and will often marvel at how far you've come.
(5) It's never worth keeping people on your team (employees, clients, partners, investors, vendors, etc.) who don't believe in you or drag you down.
As context: The searcher I emailed in this screenshot was someone Julia and I invested in before the fund, who went through a painful J-curve but now had his strongest quarter ever, dramatically increasing profitability, paying down debt, building liquidity, strengthening his cash conversion cycle, and making great operational decisions.
Hit me with your business ownership mental game tip #6 :) redacted