How Great Entrepreneurs Think About Adversity & The Stockdale Paradox | E282

EPISODE 282: How do successful construction business owners get out of a slump? What do you personally do when things aren't going well?  Most of us would tend to focus on the negative things and just go into a downward spiral trend. In many cases, we start spouting off self-fulfilling prophecies, which eventually get worse as they happen. So in this week's episode, I want to share how great entrepreneurs think about adversity and how they overcome it. I talk about the Stockdale Paradox, how to get control of the story you're telling yourself, what a mental hygiene exercise is, and some proven strategies for turning trials into triumphs. Tune in now to learn more!   Key Takeaways: What most of us would do when things don't go well? (01:12) There are no good or bad things (03:59) Separate observable facts from the story you're telling yourself (05:59) Detach from what's going on in your head (06:42) Cultivate the habit of gratitude (07:45) Control the controllables (08:52) Reframe the situation (10:09) The Stockdale Paradox explained (12:39) Take extreme ownership of the situation (17:00) The catastrophizing strategy (19:03) How to do a mental hygiene exercise (20:53) Episode wrap-up (23:13) Additional Resources: - Schedule a FREE breakthrough session now with our team HERE - Learn how to get out of your business and make it run without you HERE - Visit Construction Leading Edge for more HERE   Books Mentioned: - Good to Great by Jim Collins - Think and Grow Rich by Napoleon Hill - The Obstacle is the Way by Ryan Holiday -- The Construction Leading Edge Podcast helps construction business owners maximize their revenue, eliminate chaos, systematize their work, and win back their time. Follow us on your favorite podcasting platform so you never miss an episode!