Your Success Mindset
About one out of 12 businesses eventually shut down. So why do some accounting professionals experience wild success? Rising to the top extends beyond a strong work ethic. They learned to grit it out, even through highly challenging circumstances.
Yes, your strategy and the amount of hours you devote to your accounting firm does matter. The key, however, lies within your mind. Each and every decision you make is influenced by your mindset.
Define success on your terms. What I consider success differs from your vision of success.
What does success look like for you?
- Purchasing your office building.
- Earning enough so your spouse can quit his/her 9 to 5.
- Paying off all debt so you’re financially free.
- The freedom to work from anywhere in the world. Recognition as one of the Inc top 5000 fastest growing companies.
Since personal reasons are best, choose something deeply meaningful for you.
The Mindset Secret
Here’s the mindset secret of highly successful accounting professionals: grit.
Laser focus, and not caving in to pressure, gives you an edge. When you’re laser focused, or in the zone, you’re energized, mentally sharp and highly productive. Whereas overwhelm drains your energy, causes you to second guess yourself and reduces your productivity.
Grit is a mindset quality. You don’t have to be born a competitive, pushy, manager. Similar to elite athletes, plenty of accounting professionals possess grit.
Over time you develop the tenacity to stick with something-no matter what. Your passion to make a difference, and be the best you can possibly be, motivates you to pursue your vision.
[bctt tweet=”Develop the tenacity to stick with your vision. Build your dream firm and make a difference for your #accounting clients. Read the post #getpaidwhatyoureworth” username=”lorenfogelman”]
Consider all the challenges you’ve already faced. Each one stretches your capabilities. Along the way you uncovered hidden qualities within yourself which you didn’t even realize you possessed. Your deep connection to your vision, along with your desire to succeed, fuels you forward.
Here’s how GRIT is your mindset secret:
- Growth. You devote the time and effort that your accounting practice demands. As unexpected circumstances arise, you adapt your strategy. Focus, conviction and courage become your beacon when circumstances mess up your plans. Productivity improves when you’re laser focused and engaged.
- Readiness. What’s your game plan to gain recognition and build your firm? Identify where you shine and refuse to settle for good enough. The top 1% of accounting professionals and athletes seek mastery. It’s gained by trial and error. Mistakes, and even failure, are sprinkled along your growth journey.
- Intent. You willingly sacrifice some immediate comforts for future opportunities. You play BIG rather than remain in your comfort zone. As a result, each milestone advances you one step closer to your vision.
- Tenacity. Success is messy. Here’s an advanced mindset tip: whether you succeed or fail, no one action defines you. Figure out how to gain insight from your actions without personal judgment. View the successes, and the failures, as stepping stones in the grand scheme of things.
Plenty of accounting professionals claim a desire to be wildly successful. To achieve that you need to walk your talk.
Grit in action
Where are your intentions and your actions out of alignment? Next, discover any conflicting values or beliefs which subconsciously create resistance.
Shelly said, “It took me over a year to raise my current prices.” Her goal is to double the revenue in her accounting practice this year.
However when we discuss raising her rates, there’s some push-back. It’s not that she doesn’t want to increase her profits. Rather, there’s a conflicting belief which keeps her from following through with what she wants.
- Identify. We identified the underlying belief. Personally, she’s always been tight with money. She simply doesn’t believe clients will pay those fees.
- Insight. We developed an alternative perspective. This means working through the belief so it’s now aligned with what she wants. This removes the resistance to raising her rates.
- Implement. Follow through with the strategy. This requires grit because raising her rates still feels highly uncomfortable.
- In sync. Transform the resistance into flow. She finally did something which she resisted for a long, long time.
Shelly carved out the necessary time, energy and effort to raise her rates. Once she connected to her reason, then her actions reflected her commitment. Although she knew what she wanted, she couldn’t do this on her own.
Never “what if…”
Grit takes you the full distance. Will you achieve your BIG vision? No one knows for sure. Putting in the hard work to achieve your full potential means you’ll go further than if you only do the easy, fun things. You’ll never have any regrets wondering later on “what if.”
Strive to be your best. Habitually laser focus on one specific milestone which is aligned with your vision. Then choose to develop the specific, necessary qualities to achieve those results.
The mindset strategies which work for elite athletes, work for you too. Develop your grit.
[bctt tweet=”The mindset strategies that work for elite athletes, work for #accounting firm owners too. Develop your grit. Read the post #getpaidwhatyoureworth” username=”lorenfogelman”]
Consistently focus on your vision – especially through the tough, challenging moments. When it’s messy, figure out how to work through the tough moments. You’re only given challenges that you’re able to rise up to and overcome.
Successful accounting professionals commit to their vision. Grit motivates you to go the extra mile. It’s your secret weapon. A resilient mindset compliments your growth strategy.
Follow these steps to develop grit.
- Stretch. Set a milestone which stretches beyond your current capabilities. Choose one that requires effort.
- Selfish. What’s your personal reason for achieving this milestone? The more personal the better. Here’s where you want to be selfish.
- Strive. What do you need to accomplish along the way to hit your milestone?
- Setbacks. Identify some challenges which could arise and would throw you off course.
- Strategy. Now develop the strategy for facing those challenges if they occur.
Do you dwell over mistakes and find it difficult to regain focus? Your mindset is the solution to maintain focus, even when it’s messy.
Ready to bust through those setbacks and struggles? Follow these recommendations for your accounting practice to succeed without causing burnout. Discover how to increase your income while lightening your workload. Right NOW claim your FREE RESOURCE to double your income while working half the time.
