Are you at risk of having a mental breakdown? For most business owners, it’s something they struggle with every single day.
If you’ve ever caught yourself saying these things, you may be closer to a mental breakdown than you know:
“I’ve just got to keep going.”
“I’m too busy to stop now.”
“I’ll rest when I’m dead.”
But deep down, you know there will never be time for a break. There’s things that you need to do, and tasks that must be completed. Those tasks have a deadline to be done before the weekend. Because over the weekend, you’ve got that important meeting with a client, who’s going to bring you even more business. And to accommodate for the increase in business, you need to make sure those documents are all ready to go. And to prepare those documents, you need to drive across town to pick them up from head office. There’s simply no time to stop.
That is, until you have a mental breakdown and are forced to – permanently.
Unfortunately for many small business owners, this is the reality they face every single day. They are overworked, stressed out and have a million things on their list to do. As a result, they feel down, are no longer optimistic, and constantly exhausted both mentally and physically. In an industry like the restaurant business, this is all too common. Restaurants are often competitive and high stress, with customer satisfaction being the biggest priority for restaurant owners.
Take this situation for example: A new restaurant pops up in town, and suddenly the business owner finds themselves in trouble. Their once fully booked out tables are now deserted, as customers flock to the ‘newest hotspot’ in town. Now they have to work three times as hard to bring more customers in, sacrificing even more time, energy and money, just to keep their business alive.
The worst part is that this happens over and over in a continual cycle. New restaurants show up, the business owner works harder, and the stress builds up more and more. It’s a never ending ‘restaurant rat race’ that makes it harder and harder for them to make ends meet every single month.
When You Breakdown, So Does Your Business
Studies have shown that high stress environments can cause negative impacts on personal health. And in industries where high stress situations are encountered almost daily, there’s little room for emotional well being.
The problem is that in business there are many things with high priority, with health not being very high on that list. As a result, most business owner’s neglect their own health and well being in exchange to grow their business, when the whole reason they’re doing so is to achieve a lifestyle they can enjoy. But instead, they feel sad all the time, are constantly pessimistic and feel drained of energy, robbing them of their happiness and passion for life. And when everything finally breaks down and they find themselves in a hospital bed, is when they realize they should have listened to their body before it was too late.
I knew a high ranking executive who many people relied on in her company. She pushed herself to work overtime, costing her friends, relationships and family in the process. When her body gave up on her and she had a mental breakdown, she was let go from the company despite everything she did. Waking up in the hospital, her friends and family were the ones who stayed by her side, working with her to nurse her back to health. Looking back, she wished she listened to her needs instead of ignoring them.
When You’re Doomed To Fail But Stubbornly Refuse To Quit
One of the most common reasons I’ve seen business owners suffer from depression, anxiety and mental breakdowns is because they are stubborn. They start a business in an industry where the odds are against them, and refuse to throw in the towel even when it’s clear there’s no way for them to win.
They want to win so badly that they are willing to endure losses over a long period of time. And in business it’s good to have the ability to endure through bad times. But when that tenacity turns into stupidity, is when you should take a step back and think hard about whether or not you are making the right decision.
When I was a young teenager, I wanted to become rich so badly that I was willing to do anything to achieve it. So I started 13 businesses, failed at every single one of them and racked up $100K in debt. Looking back now, the reason for my failures was because I was stubborn and not willing to ask if what I was doing was the right thing. I didn’t cut my losses when I should have, resulting in me and my family almost declaring bankruptcy.
So what kind of industries are most likely to fail? Here are the Top 6 Industries With The Worst Success Rate:
- Plumbing and Heating Services
- Single Family House Construction
- Grocery Stores
- Stock Brokerage
- Trucking Business
If you’re a business owner and you haven’t made a profit in years, take a step back and ask yourself: Are you enduring tough times or simply being stubborn? Sometimes in business it’s necessary to cut your losses, start over and pursue something with a better chance of success.
The Worst Thing You Can Do When Stressed
What do most business owners do when they’re stressed? They go on vacation with their hard earned money. And that applies to most people, not just business owners. They work their butts off, trading their health and time for money. And once they are exhausted, stressed out and on the verge of a mental breakdown, they go on vacation to relax and recover.
The problem is, while a break will allow you to relax and enjoy yourself, it’s only a short term solution to a long term problem. The real problem is that you are constantly exposed to a high stress environment, that is creating all these problems for you. And year after year, you are going to go through the same cycle – working hard, building up stress and finally spending your hard earned money by going on vacation. It’s a never ending cycle that will never make you truly happy and satisfied.
Man surprised me most about humanity. Because he sacrifices his health in order to make money. Then he sacrifices money to recuperate his health. And then he is so anxious about the future that he does not enjoy the present; the result being that he does not live in the present or the future; he lives as if he is never going to die, and then dies having never really lived. – Dalai LamaMan surprised me most about humanity. Because he sacrifices his health in order to make money. Then he sacrifices money to recuperate his health. And then he is so anxious about the future that he does not enjoy the present. - Dalai… Click To Tweet
Don’t Take A Vacation – Do This Instead
Expensive getaways are a temporary solution that feel good in the moment, but will not solve your core issues. When you return from your break, you are going to face all your problems once again, and end up taking additional vacations year after year just to avoid a mental breakdown from all the stress.
The better, longer term solution is to “work smarter” and address core problems directly. Instead of struggling every month with competition, high stress and making ends meet, do something that gives you more control over your time, future and profitability. Some things you could do is to switch over to a less competitive industry, delegating work to your employees or learning a high income skill that allows you to create an additional revenue stream on top of everything you are currently doing.
A high income skill fulfills these requirements:
- Generates at least $10,000 a month
- Paid based on the results you produce, not the time it takes to do the work
- The better you are at it, the more you earn
Now there are many high income skills out there that you can leverage. Skills such as copywriting, programming, public speaking and networking. But of all the high income skills out there, I believe high ticket closing is the best skill if you want freedom over your time, emotional well-being and income.
If you’re feeling stressed out, exhausted but still force yourself to get everything done when what you need is a break, you might be on the edge of a mental breakdown. Running a business can be very stressful, and in a high stress environment where the competition is fierce, there is little time to take care of your own emotional health and well being. Many business owners experience emotions such as depression, sadness and negativity as a result of their fast paced schedule, and those living life ‘on the edge’ are at highest risk of having a mental breakdown.
And when most business owners start to feel the pressure, they turn to solutions that provide “in the moment” relief. They go on trips such as fancy vacations or romantic getaways that don’t actually solve the core issues that cause stress in the first place. And when their fun vacation ends, they find themselves going back to that stressful and disappointing environment.
There Is A Better Way
The better solution is to find out the reason behind why you feel that way – is the industry too competitive and it would be better to switch to another industry? Are you in an industry that is doomed to fail? Or are you simply being stubborn and hanging onto your business, despite it making you losses every single year?
Now this is my opinion, but I believe the best solution for any business owner who finds themselves struggling, is to develop and learn a high income skill that you can use as an additional revenue stream on top of running a business. Not only does it generate you additional income every month, it’s a way for busy business owners on the verge of a mental breakdown to take back their time, freedom and peace of mind, without sacrificing their health in the process.
High ticket closing is a skill that even busy business owners can balance alongside their business, as a way to create an additional stream of income. And as you learn more and get better and better at closing, you can earn more income without having to spend more time and without sacrificing your health, happiness and peace of mind in the process. For many of our students, they’ve decided to quit their old jobs, and choose high ticket closing as their new career path.
Should I Learn High Ticket Closing?
I’ve had many people ask me this question, and the answer is it depends.
Here’s who High Ticket Closing is NOT for:
- People who aren’t willing to invest in themselves (Yet will happily blow money on a new car without hesitation)
- Those who expect success just because they “paid for it”
- People who don’t have a success driven mindset
Like anything in life, high ticket closing is a skill. In order to become good at a skill, you have to practice daily until you’ve reached a level of mastery. For most people, they are simply not willing to do what it takes to achieve success. Take for example successful celebrities such as Bill Gates, Jeff Bezos and Warren Buffett. On top of being the richest men in the world, they are men that did whatever it took to achieve success – even enduring countless failures and periods of uncertainty before becoming who they are now. They did not make excuses, and they did not quit. As a result, today they are known worldwide for their achievements.
The difference between them and normal people, is that most people give up when things become tough, or when they don’t see results right away. They make excuses, and have the mentality that just because they put in the work, time and money, they should automatically succeed. The true nature of life is that only a small percentage of people succeed despite putting in the work. Without an unshakable, obsessive or even desperate drive to succeed, they will never be able to become successful and can only dream of living a life of wealth and prosperity.
Our HTC Program Is Evolving
That’s why in order to align with the philosophies that are responsible for success, our HTC program is also evolving. With a tightly knit community focused on creating leaders, high performers and people who are hungry for success – the focus is to cultivate the same type of people who often use their skills to close deals from enterprises and business agreements that set them up for life.
Inside our community you will get access to personal coaching to help you take your business to the next level and skyrocket your results both in business and your life. If you’re ready to join a community of high performers who are hungry to achieve success, click here to apply now.