The Difference Between Mediocre Mindset and Legendary Mindset in Building Businesses

Tell me what you think when you hear this.

In the United States, 1 Million businesses are started every year.

By the end of the year, 40% will be out of business.

By the end of 5 years, 80% will be out of business.

By the end of 10 years, 96% will be out of business.

What Most People Think

Most people see 40%, 80%, and 96% and think, “Wow! That’s a large percentage!”

They think about how much work goes into building a business. They think about the stress that will come into their lives. If there is so much effort put forth, is it really worth it?

This mindset is defeatist.

Even if you take the first step in creating a business, your mindset is setting you up to fail.

When you think like this, it exacerbates the issues.

Stress will become even more stressful. Time will feel like it is constantly running out. The effort will always feel wasted.

It gets worse though.

When this happens, you will see fewer opportunities. The opportunities seen will feel bleak. Everything will always feel against you.

However, there is another way to look at this.

How Legendary Businesses See This

Instead of seeing failure, let’s look at success.

Even at the 10-year mark, that’s still 40,000 businesses that survive.

40,000 is a large number of businesses.

If there are 40,000 that survive, why can’t I be one of them?

I CAN be one of those 40,000 that not only survive, but thrive!

This type of thinking puts you in a completely different mindset.

Stress will happen, but it won’t be overwhelming. Time will always be going down, but it now becomes an indicator of how close you are to being one of the businesses that succeeds and beats the odds. Effort will be needed, but it will never feel wasted.

With this type of thinking something else happens.

New opportunities present themselves, often out of the blue. The opportunities will create new ideas for how to grow and succeed in exciting ways. It will feel like everything is working with you, almost like you were destined to succeed.

So what do you see?

96% of businesses that fail, or 40,000 businesses that succeed?

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