How Great Entrepreneurs Think About Adversity & The Stockdale Paradox | E282

EPISODE 282: How do successful construction business owners get out of a slump? What do you personally do when things aren't going well? 

Most of us would tend to focus on the negative things and just go into a downward spiral trend. In many cases, we start spouting off self-fulfilling prophecies, which eventually get worse as they happen.

So in this week's episode, I want to share how great entrepreneurs think about adversity and how they overcome it.

I talk about the Stockdale Paradox, how to get control of the story you’re telling yourself, what a mental hygiene exercise is, and some proven strategies for turning trials into triumphs.

Tune in now to learn more!

 

Key Takeaways:

What most of us would do when things don't go well? (01:12)

There are no good or bad things (03:59)

Separate observable facts from the story you're telling yourself (05:59)

Detach from what’s going on in your head (06:42)

Cultivate the habit of gratitude (07:45)

Control the controllables (08:52)

Reframe the situation (10:09)

The Stockdale Paradox explained (12:39)

Take extreme ownership of the situation (17:00)

The catastrophizing strategy (19:03)

How to do a mental hygiene exercise (20:53)

Episode wrap-up (23:13)

Additional Resources:

- Schedule a FREE breakthrough session now with our team HERE

- Learn how to get out of your business and make it run without you HERE

- Visit Construction Leading Edge for more HERE

 

Books Mentioned:

- Good to Great by Jim Collins

- Think and Grow Rich by Napoleon Hill

- The Obstacle is the Way by Ryan Holiday

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The Construction Leading Edge Podcast helps construction business owners maximize their revenue, eliminate chaos, systematize their work, and win back their time.

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