Can you handle business failures and setbacks? Are you the type of person with the strength to endure hardship? In the world of business, only the strong survive. There are multiple ups and downs that can last years. If you want to succeed in business, you need more than just “inner game.”
Inner game can be defined as how someone sees themselves. Someone with strong inner game will focus on portraying qualities that will help them achieve success. These are qualities such as confidence, high self-esteem, and a sense of worth. As a result, individuals with strong inner game think highly of themselves.
The problem is that the world of business does not care. The people you interact with do not care how you view yourself. They care only about how you can benefit them. And if you can’t present them with a valuable offer, it doesn’t matter how highly you think of yourself.
In reality, inner game is nothing more than smoke and mirrors. Portraying confidence and actually being confident are two very different things. If you are someone who relies on inner game to get ahead in business, you will crumble when things go wrong. The truth is, how you see yourself does not equate to what’s actually within.
Successful people understand that talk is cheap. If you want to scale your business to 7 figures and beyond, you need more than just inner game. You need to actually develop those traits in yourself. And the only way to do that, is to fail over and over until you learn how.
Why Inner Game Won’t Cut It In The World of Business
If you’ve heard of the phrase “fake it till you make it”, you will understand why inner game is just an illusion. This principle is all about pretending to be a certain type of person. That if you act a certain way, you will eventually become that way in real life.
The issue is that true confidence comes from competence. From knowing that you are able to overcome obstacles in your way. But if you’ve never done it before, how can you be confident? How can you say you’ll succeed, when you’ve never done it?
If you want to succeed in business, you need to have tenacity to overcome problems along the way. This is known as “internal strength”, and is not the same as inner game.
Inner game is about pretending to be someone you are not. Internal strength comes from knowing you are someone who’s self worth reflects how they see themselves.
For example, a billionaire businesswoman possesses internal strength because she has proof. She owns many profitable businesses that generate 5, 6 or 7 figures every single year. She doesn’t have to pretend to be successful – she is successful.
On the other hand, a young aspiring entrepreneur may have strong inner game, but not internal strength. This is because this entrepreneur has never owned nor operated a business in their entire life. All they can do is portray an image of being successful and pretending they are someone they aren’t. And pretending to be someone you are not, can only get you so far in the world of business.
Confidence comes from competence. – Dan Lok
Results Exist, Inner Game Doesn’t
Someone who is experienced in business knows there’s more to success than just inner game. When setbacks and failures occur, inner game won’t grant you the knowledge and experience needed to overcome them. That only comes from actually taking action and learning from your failures or successes.
In 2008 humanity faced one of the worst financial crises in history. Millions of workers got laid off, the economy suffered the worst crash in history and many businesses went bankrupt. Some of the most successful people who thought they’d never go broke, ended up losing everything they had overnight.
Now in 2020, we are facing a similar situation again. The global pandemic known as COVID-19 has forced many countries to lock their borders and shutdown their operations. Workers are being laid off once again as a result of a decrease in customers. Businesses are struggling to stay alive due to everyone staying at home. And looming on the horizon, is another economic depression just waiting to happen.
No matter how successful your business model may be, no one can accurately predict when a disaster will occur. Your business could be making 7 figures, only to go bankrupt the next year due to circumstances out of your control. It doesn’t matter how highly you think of yourself – your self image will shatter the moment reality hits you with the truth.
If you want to build a successful 7 figure business, you need to be able to adjust quickly when disaster strikes. Knowing how to pivot around obstacles isn’t about inner game, it’s about your ability to adapt to an ever-changing world. And the ones who succeed, do so not because of luck, but because of their internal strength.
The Dark Side of Business No One Talks About
Business can be brutal for those that lack internal strength. And in reality, failure in business is a common occurrence not many people talk about.
When you watch the news or read the latest headlines, you only see other people’s successes. You don’t see the numerous setbacks, failures and number times they went broke before they made it. You only see what the media focuses on, which are the positive traits and not the negative ones. This is why internal strength is crucial if you want to succeed in business.
For example, if you get into a bad business partnership, you could lose everything you built. You could spend years of your life building up that business and pouring in your blood, sweat and tears. Only to lose it all when your business partner decides to take their share of the company and run off. Overnight, you’ve gone from being a profitable entrepreneur right back to when you first started.
Now, you’re left trying to run the business when things are going haywire. How are you going to continue keeping the company alive when half of the operations have broken down? How will you pay your employees when you don’t even have enough to cover this month’s rent? Inner game won’t help you in times of crisis like these. You can’t just pretend everything is fine and hope it will sort itself out.
This is why you can’t rely on things like inner game in order to succeed. The only way you’ll overcome an obstacle you’ve never encountered before, is to either learn the hard way, or to get a mentor who can guide you through it.
The True Definition of What It Means To Be Strong
This is why most people in society are willing to settle. They’re okay with being a 9-5 employee for the rest of their life, because it’s safe and secure. They don’t have to worry about their business suddenly going under. All they need to focus on is doing a good job and collecting a nice paycheck at the end of the month.
Compare that to a CEO who’s facing a pandemic-induced recession, and the difference is staggering. As a CEO, you’re faced with making very tough decisions. And these decisions require you to have internal strength if you’re going to put them into action.
Ask yourself – would you have the internal strength to lay off half your employees in one day? Could you call them into your office, look at them face to face and tell them the bad news? Can you handle the intense emotions in that moment, as your employees beg you not to fire them with tears streaming down their face? Because whether or not you like it, if you want to keep your business alive, you have to say yes. The real question is, do you have the guts to do it?
In situations like these, inner game won’t help you. It doesn’t matter how much of an air of confidence or success you display – you have to face reality. This is why running a successful business is no joke. On the path to success are many hardships and obstacles you’ll have to face. And one of the biggest obstacles you’ll face, is an enemy you don’t even know exists.
When Your Worst Enemy Is Yourself
Some of the most financially successful people in the world are also some of the oldest. Billionaires Bill Gates and Mark Cuban are in their 60’s. Warren Buffett is in his late 80’s, and quickly approaching his 90’s. At first glance it would seem that a person’s age correlates to the amount of financial success they have. And if you thought this way, you would be correct.
As you go through life, you encounter many situations. The older you get, the more of those situations you face – some good, and some bad. And as a result, a person who is in their 60’s is going to have a lot more knowledge and experience than someone in their 20’s. What separates these two people isn’t how much inner game they have, it’s the amount of wisdom they’ve accumulated as a result of their age.
This would mean that the wisest people are those that have lived the most years on Earth. The problem with this statement however, is that the older you get the more frail you become. If you’re running a 7 figure empire and you suddenly feel a sharp pain in your chest, the amount of work you can continue to do is going to be impacted.
If you’ve ever wondered why some successful CEO’s step down from a leadership position, age is usually the reason why. As a result of their personal mental or physical health issues, they can’t work as much as they used to any longer.Beware of an old man in a profession where men usually die young. - Anonymous Click To Tweet
If Your Health Won’t Stop You, Your Competitors Will
As business is a highly competitive industry, this means that taking a break comes with risks. If you aren’t able to run your company as a result of personal issues and your competitors catch wind of the situation, they are going to capitalize on your moment of weakness.
Some of the most successful businesses that existed 20 years ago are no longer alive today. With the rise in technology and the internet, corporations that used traditional business models went bankrupt as a result of their faster-paced, technology savvy competitors.These bankrupted businesses include familiar names like Toys R Us, Blockbuster, MSN Messenger, and General Motors.
If you want to succeed in business, you need to possess the ability to endure multiple failures. Jeff Bezos, the founder of Amazon was able to endure failure after failure for 14 years straight before it became successful. When he finally did succeed, the end result was that he was able to absolutely crush his competitors and put many companies out of business.
The ability to adapt to sudden change is an invaluable skill in business. And it is something that no amount of inner game will help you with. In the world of business, the ones who can adapt the fastest are the ones that will thrive. Unless you possess the internal strength to constantly fail, innovate and try again until it succeeds, the thought of giving up will always be in your mind.
Determination Is What Separates The Winners From The Losers
Having unwavering determination isn’t something most people possess. To have the strength to endure failure after failure, and not give up. The truth is, this is the one secret that separates winners from losers in the world of business. And no matter how much inner game someone may possess, they’ll always fall short to someone who has unwavering determination.
The reality is that humans are fragile. We can only endure so much pain before we reach a certain threshold. Once that limit is passed, we can go no further. Just like how your body interprets rejection as physical pain, it also interprets failure the same way as well. You can think of failure like needles being inserted into your skin. With every successive failure you encounter, more and more pain adds up. And eventually, it becomes too much to bear.
Once this happens, your body either physically gives up, or your brain mentally has a breakdown and won’t let you continue going on. This is why some of the most successful people in the world are also the ones most prone to breaking down. They face so much stress from enduring failures, that one day it catches up to them and hits them by surprise.
Unless you possess the ability to break through your own limitations, you will not succeed in business. Running a successful company means being able to endure failure after failure without pause. If you cannot withstand what life throws at you, you will not succeed.
This is the truth behind why most business people fail. They realize that if they want to achieve greater things, they have to endure pain – and lots of it. For the majority of people, they are unwilling or incapable of taking that pain. And thus they live life below their true potential.
A Practical, No BS Roadmap To Scaling Your Business To 7 Figures and Beyond
Business owner’s need to have internal strength and unwavering determination if they want to grow their company. Along the way to success, they will be faced with failure after failure, and must possess the resolve to keep going no matter what. The reality is, only a select few can continue striving forward where others would give up and go home.
This is why relying on inner game will not serve you in business. Inner game is a false pretense people put up to make themselves appear successful on the outside. But in business, every obstacle you will encounter tests what you have inside of you. If you’re relying on exterior motives to help you succeed in business, you will eventually crumble under the pressure.
Disasters in business happen suddenly and without warning. You could find yourself broke overnight because of a business partner who’s been planning to exploit you since day one. Or your business could collapse because of an economic recession. You might even take a forced early retirement, because of prevailing health issues that prevent you from continuing to run your business. All of these are threats that business people face every single day.
Successful business people know the price they have to pay to become successful. They know running a business is not as glamorous as the media portrays it to be. In reality, it is a path filled with doubts, fears, sudden disasters, theft, bankruptcy and high stress. That’s why many CEO’s have business mentors to provide them with experienced knowledge and guide them through uncertain times.
Dragon 100™ is the world’s most exclusive advisory board for entrepreneurs looking to scale their businesses to 7 figures and beyond. If you’re looking for practical advice from Sifu Dan™ himself on how to scale your business, click here now.