Over the course of 7 years so far as an entrepreneur, I have experienced every range of emotion from what can only be described as utter euphoria, to complete despair. The ups and downs of business are something that you sign up for when deciding to become an entrepreneur. There will always be things out of your control that happen. The mental framework for handling these ups and downs can either make you stronger or completely destroy you.
One of the biggest mistake that a business owner can make is tying their day to day emotions on the short term swings in their business. The business world is not an “emotional” place and if you get too caught up in your own head it can lead to failure. On the other hand, letting yourself get “too high” after a big win can be even more dangerous. You are at your biggest risk of a loss right after a big win. Years ago I found a helpful way of dealing with the ups and downs in business. Instead of basing my day to day happiness based on how much money I made (or lost), I came up with a healthy and productive solution that has worked very well to keep my emotions in check. I decided to create an “anchor”.
What Is An Anchor?
An anchor can be simply described as a productive activity that you do every day that is conducive to your health, happiness, and overall wellbeing. It is an activity that when completed, you can be happy knowing that you have had a successful day. For me, this has been exercise. Years ago I stopped basing my day to day happiness and emotions on what happened in business that day. Instead, I decided to judge the success of my day on whether or not I had completed my workout for the day. Since making this change a while back I have noticed less emotional “swings” and less stress that were typically tied to my business. I also noticed a massive difference to my focus and overall health. My workout routine takes about 90 minutes a day and is not easy at all. However, I know that if I complete it I can rest easy afterwards knowing I have accomplished something, regardless of what money was made (or lost) that day.
An anchor does not have to be a workout routine. It can be anything that leads to more health, happiness or better relationships.
Here are some other examples of anchors:
- Having dinner with your spouse
- Kissing your children goodnight
- Cooking a healthy meal
- Playing your favorite instrument
- Hanging out with friends that make you happy
Here are some examples of what is NOT an anchor:
- Having a beer or wine
- Watching TV
- Playing videogames
When you stop basing your day to day emotions on the state of your business, everything changes. One of the best side effects is the personal sense of fulfillment that comes from completing your anchor. Also, you will start to notice many changes over time to your health, relationships and quality of life. Not to mention, your business will also likely grow and improve as well as you are less stressed and less tied to your emotions.
Many people have anchors but just don’t realize it. Others may not have any sort of anchor at all. If you are wondering what your anchor could be its simple. Do what makes you feel fulfilled. It can’t be at all related to money or work. It also cannot be a substance. It must be something that you can do every single day. It must be healthy and conducive to your overall well being.
What is your anchor? Comment below!