The hardest part of working with business owners is getting them to understand that, nine times out of 10, they are the problem.
Usually they want things to be different. They want clients to listen better, accept and act on their advice.
They want their employees to work harder, be smarter and have more dedication to the success of the business. And they (of course) want the markets to be more predictable.
Finally, the business owners want to be different themselves. They look around at other advisors with larger firms or who appear to be more successful, and they want to be more like them.
Don’t get me wrong: There’s nothing wrong with having goals or admiring other firms. Unless, of course, if those goals and admiration increase your stress levels and decrease your motivation and effectiveness as a business owner.
But here’s the catch: If your business is stressing you out, chances are the problem is you — and not the business.
To get business owners on a more successful track, I encourage them to be “more accepting” of the way things are right now. This means focusing on seeing their business (and the stock market) the way it is in the present.
The same goes for their clients, employees and even themselves.