The key to success as an entrepreneur – and in life – is not to have the perfectly crafted plan and rigidly stick to it. The key is to have the confidence and the flexibility to constantly assess and reassess, to experiment, and adapt and iterate based on the feedback and new information you are receiving.
We apply this same principle in the classroom. The plan was a lesson on venture capital investing, but the sentiment within the classroom was a feeling of stress on the day before final presentations. In the final moments of class, the discussion centered around how best to respond to this stress, and how to overcome the fear of failure.
Some takeaways discovered through the class discussion:
Everyone confronts pain, adversity, failure. Everyone. If you aren’t facing enough of this, you aren’t pushing hard enough. What differentiates those who are successful is their response to these obstacles.
Get comfortable with feeling uncomfortable. Allow yourself to be vulnerable. Don’t live a life resisting challenges. Embrace a path that will lead to inevitable setbacks, recognizing this as the pathway needed to achieve success.
Once we remove the resistance. Once we embrace and even love and relish the inescapable challenges that will arise, that is the moment we have internalized the mindset needed to achieve our goal.
Research on Stress: It isn’t the stress, but our reaction to the stress that determines our happiness and health.
Interpret the stress as something positive: this is my mind/body getting ready to do something big, something exciting, something important.
The same initial trigger can lead to panic, fear, and inaction if we resist the stress; or the stress can lead to the physiological responses associated with courage and peak performance.
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