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Four Mental Habit Of Highly Successful Entrepreneurs

Source | FastCompany : By BENJAMIN HARDY

Every entrepreneur faces challenges, but only some do so successfully—and there’s no shortage of theories as to why. Some experts point to others to”mental toughness.” However you choose to categorize them, the habits of mind that successful entrepreneurs often cultivate does seem to set them apart. Here are four of the most essential.

1. AN INTERNAL LOCUS OF CONTROL

Many people have what psychologists refer to as an external “locus of control.”That’s when you believe that it’s primarily the factors outside your own control that most affect what happens in your life. And to be sure, many actually are. But the real question is how much weight you give to them relative to the factors you believe you can control.

When your locus of control is mostly external, your attention rests mainly with your competition, the economy, the unfairness of life, and a host of other things you can’t do anything about. More often than not, this mental habit makes you feel like a victim of your circumstances.

Conversely, relentless entrepreneurs have an internal locus of control, which means they believe they are personally responsible for the outcomes of their lives. They—not you or anything else—are in control.

But when your locus of control is primarily internal, you’re more likely to perceive obstacles as challenges to overcome. You’re more likely to feel you’ve got an effective playbook of tactics to influence your own situation and others’. You take complete responsibility for everything in your life—the good, bad, and ugly, and you tend to view failure as feedback. You don’t compete with others; you’re adept at blocking out the external noise in order to focus on creating something.

Research has found that people with an internal locus of control have greater financial success and better health, not to mention higher levels of happiness and general well-being.

2. HIGH TOLERANCE OF AMBIGUITY

Ambiguity can be really uncomfortable to many people. They need a clear set of rules and expectations about how things should be. Without them, they tend to flounder or stall out.

That isn’t necessarily a mark of failure; in some ways, it’s most adults’ natural predisposition. Interestingly, though, researchers have found that children generally have a higher tolerance for ambiguity than grownups do. They’re more willing to accept murky conditions—situations where the likelihood of winning or losing is unknown. That makes perfect sense: As we mature, we become more adept at assessing risk. Children, as any parent knows, gleefully indulge in “risky” behaviors on an hourly basis—always testing their limits and exploring.

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