Just Because Something Goes Wrong in Your Business Doesnât Mean Youâre a Failure
A rational approach to lifeâs problems starts when entrepreneurs are able to separate their net worth, and companyâs P&L, from their self-worth.
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Talk to most entrepreneurs and theyâll most likely attribute a portion of their success to a special mentor, life coach or even ârabbiâ for helping them shape their careers.
Far fewer will speak about going to a shrink.
Thereâs something about psychology that scares off you self-sufficient, eat what you kill, small-business owners. Youâll embrace philosophers like Ayn Rand or even preach the benefits of meditation, but you wouldnât be caught dead Lying on the Couch. That can have tragic consequences, especially when you consider that the biggest cause of workplace absences is depression, which costs companies an estimated $23 billion in annual productivity loss.
Related: 10 Habits That Will Dramatically Improve Your Life
The strong correlation between stress levels and the workplace has led several companies to work towards improving their environments, as well as a new crop of innovative organizations such as Two Chairs that are poised to elevate the link between mental health and healthy professional performance to a new level.
Yet, there remain too many entrepreneurs whose own thinking has boxed themselves into their corner office. From crippling anxiety to out of control OCD, many of these conditions stem from the beliefs we hold dear â many of which are actually irrational and end up unwittingly exacerbating already tough situations. Itâs a kind of hero or zero mentality where we swing wildly from âkilling itâ to suddenly feeling like imposters if not failures.
I sat down for coffee recently with a new friend, Dr. Debbie Joffe Ellis, a therapist and professor of psychology at Columbia University who is an expert in Rational Emotive Behavioral Therapy. Sheâs also a disciple of, and evangelist for, her late husband, Dr. Albert Ellis, the founder of the field of cognitive psychotherapy and considered one of the most influential therapists of all time.
Donât worry, this is not some Freudian dream analysis, but rather a tactical and practical approach to very real scenarios. Nor is it unrealistic Pollyanna-ish âpositive thinking,â which Ellis argues will often defeat you in the long run. Instead, he acknowledges that sadness, frustration, disappointment, regret and concern are healthy negative emotions, and reminds followers that it is possible to overcome situations that are not ideal and go on to thrive. The Ellis approach is not only a most effective evidence-based therapy â but also a way of life.
Related: Sleep In and Make Millions: Why You Donât Need to Wake Up at 5 A.M.
Debbie and I discussed some of the common triggers for small-business owners and how âvigorously disputingâ irrational beliefs, and getting to ârational coping philosophies and beliefsâ can make a world of difference. It starts when we entrepreneurs are able to separate our net worth, and companyâs P&L, from our self-worth.
In How to Stubbornly Refuse to Make Yourself Miserable About Anything â Yes, Anything!, Albert Ellis directed his enormous brainpower to helping people like us distinguish between sane thoughts and thoughts that are âfoolishâ and self-defeating. Often, these thoughts are âcommanding,â âdictatorialâ and ârigidâ and can be replaced by applying what Ellis calls U.S.A., or âunconditional self-acceptance.â
During the âfresh out of collegeâ job-hunting phase before we found ourselves on the entrepreneurship track, how many of us conducted a job search with the aim of landing the total dream job and it will be awful if I donât?
Ellis answers: âI definitely want this job, but I never, never need it. I can be happy if I donât get it, though not as happy as if I do.â
Thatâs a prelude to one of Ellisâ most powerful stories about applying his philosophy to business thatâs told in the book above:
âTony was a 46-year-old owner of a retail store, severely anxious and depressed about his business. He desperately needed, especially at Christmas time, to do better than last yearâs sales. When he didnât, he was depressed for the next several months.
He forcefully and persistently asked himself, âWhere is it written that I must have better sales this year?â Answer: âOnly in my nutty head! I donât have to, though that would be lovely.â And: âIn what way would it be horrible if sales fell off?â Answer: âIn no way! It would only be damned frustrating. But, not the end of my life!â And: âCould I really not bear the hardships of a poor sales year?â Answer: âObviously I could! I wonât go out of business. My family wonât starve. And I can work to make things better next year.â
When he answered himself, âToo bad. If I do poorly at sales, so I do poorly!â he stopped to inquire: âDo I really accept that âtoo badâ or do I still really think âItâs awfulâ?â He answered: âYes, dammit, whether I accept it or not, it is too bad. Not awful! Not unbearable! Just too damned bad!ââ
Related: 4 Proven Ways to Deal With Stress Without Shutting Down, Giving Up or Taking Meds
Maybe youâre still like the earlier version of Tony. To which Ellis and Joffe Ellis would ask, are you âshouldingâ on yourself in business? Engaged in âmustabatoryâ thinking about your career? âAwfulizingâ a setback in that is really just a cyclical ebb and flow? Stuck in the âdeservingâ mode, rather than doing the hard work to challenge yourself and go outside your comfort zone?
Ellis sheds light upon the link between economic and emotional health. I know the importance of that connection first hand; the counsel of smart and caring mental health professionals helped me both enter, and stay on, the entrepreneurship track.
After a banner 2016, this year, so far, has been quite disappointing in terms of profitability. We recently took proactive measures to streamline and cut costs, while simultaneously re-doing our website and marketing materials to help me connect with clients I actually want to work with.
Remember, hockey stick like growth usually only exists in business school case studies. In real life, however, growth is not linear. Aided by the wisdom of Ellis, at the ripe old age of 53, I return to the opening words of a self-help book from my childhood by Scott M. Peck: âLife is difficult,â and the sooner you understand that, the happier youâll be.
Talk to most entrepreneurs and theyâll most likely attribute a portion of their success to a special mentor, life coach or even ârabbiâ for helping them shape their careers.
Far fewer will speak about going to a shrink.
Thereâs something about psychology that scares off you self-sufficient, eat what you kill, small-business owners. Youâll embrace philosophers like Ayn Rand or even preach the benefits of meditation, but you wouldnât be caught dead Lying on the Couch. That can have tragic consequences, especially when you consider that the biggest cause of workplace absences is depression, which costs companies an estimated $23 billion in annual productivity loss.