How do you deal with big challenges in your business?

How do you deal with big challenges in your business?

 

“A responsible Warrior is not someone who takes the weight of the world on his shoulders, but someone who has learned to deal with the challenges of the moment.”―Paulo Coelho, Warrior of the Light

Here’s a question I hear all the time—“How do you deal with big challenges in your business?”

This may seem like a general question, but it’s a very good question and here’s why …

I’ve been doing this now for seven years. The first three years I was not very successful, but I would say pretty successful for the past four years.

And I’ve seen my business go through all kinds of different levels. The business gradually increased from five-figures a month, to six-figures, seven-figures and so on.

My team has grown from one-or-two people to well over 150 staff all around the world. And I’ve gone from doing my very first live event about seven years ago, to now doing five three-day events per month in different countries all around the world each and every month.

Now that I have this experience, I realize there’s only one constant through all these different phases …

There will always be problems and challenges non-stop.

Sometimes I think it’s funny because many people want to become an entrepreneur because they want to have a better life …

They want a better life, they want to make more money, they want to work their own hours so they can have it all—but they quickly discover this is almost a fantasy.

Their dreams of entrepreneurship become a fantasy because they expect all their problems to disappear once they’ve made it, and they fully expect to make all this money and achieve all this success.

You should realize very early that the more successful you become, the more and the bigger the challenges also come along with it.

For example, right now I’m dealing with some pretty serious challenges—I’m thinking of three major ones right now—and it’s always been pretty constant that I usually have at least three major problems to solve. And if I think back a year ago, I was also dealing with two or three big challenges then too.

Here’s what you should know about business challenges …

When your going through a business challenge, you think it’s the worst thing in the world—like this is the be all end all, and if you don’t get through this you’re going to lose everything.

It’s easy to get caught up in the drama and think your problem is the end of the world. But if you just keep pushing, you’ll realize you’re always going to make it through. You will always come out on the other end.

You will learn a lot through doing it, and even though it feels like the world is falling apart, what’s really happening is you’re just growing to handle bigger challenges.

I look back on the challenges I had when my company was grossing under $100,000 per year, and I would laugh at those problems now. They now seem so insignificant, so small, and so minor—I would actually laugh at the fact I used to call them challenges, because they’re not challenges compared to what I might go through today.

And if I think of where my company will be in five years, we could be 20 times bigger than right now or even bigger. Five years from now, I’ll probably look back at my current challenges that seemed like such a big deal and consider them small challenges.

As you go up the income scale or the revenue scale, and as your company grows over time, you’ll discover you can handle a lot more as the CEO. You’ll find that you’re able to handle much bigger problems, and you’ll develop much broader shoulders.

Sometimes it feels like you’re carrying the world on your shoulders, and it can be a very heavy load. But as you go through this, you become stronger, you become smarter, and you’re able to handle bigger problems.

That’s why you get make more money as your company gets bigger …

If you take the average person off the street and you put them in the roll of running a company that’s doing millions a year, most of them would crumble and give up within half a day. They wouldn’t be able to handle the responsibility—or the pressure. That’s why they get paid normal dollars.

You have to realize that as an entrepreneur, if you think you’re going to build a huge successful business without having any challenges—you’re living in la-la land, because that’s not really how it works.

The challenges actually get bigger …

As you’re business gets bigger, you’re challenges will get bigger too—that’s just how it works. Over time, it becomes less about the challenges, and more about you changing, adapting and becoming stronger.

You want to get to the point where you actually anticipate bigger challenges and get through them. If you can’t get through them, you won’t grow.

No matter how good you are, I guarantee at some point, you’ll reach a ceiling in your business where you might get to $10,000 a month or $20,000 a month—and you might not be able to grow beyond that level.

That’s just the world saying you haven’t yet developed the skills and ability to handle the responsibility and the challenges yet. You haven’t grown into that person making $50,000 per month, or a $100,000 per month for example.

I determined a very long time ago that I’m going to get through whatever challenges come no matter what. And here’s the other thing I wanted to tell you …

The challenges never stop coming. I don’t expect there to ever be a time when there are no challenges.

In fact, I almost expect problems at this point. And it’s not that I look forward to having problems …

When problems do pop-up from time to time, you just have to roll with the punches and we will deal with it.

Problems always come up at a time when you least expect it—but when that does happen, just realize it’s all part of it and we’ll just get through it. That’s got to be your attitude.

Maybe you’re just starting out in your business and your problems are, maybe your website hosting got shut down and your website goes down for a little bit?

A few years ago, my website going down would’ve been a huge problem for my team, but now it’s just understood that when a problem comes up, we are just going to deal with it, learn from it, and move on.

Here’s the bottom line … Your problems are only going to get bigger. It’s not the best news you could hear, but it’s the truth.

But when challenges get bigger, you’ll become better. You’ll develop the ability to be able to handle those bigger challenges. And if you keep going, you’ll definitely be successful in your online business.

Talk to you soon,

Matt

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