Alex, a successful entrepreneur, shares his insights on maintaining longevity in business by managing stress and decision-making. After a burnout scare with his wife, he realized the importance of perspective and emotional control for sustained success. Alex outlines four strategies he uses to cope with negative situations: amplifying the problem to desensitize himself, preparing for the worst to build resilience, gaining perspective by comparing current problems to extreme scenarios, and embracing the impermanence of the universe to ascribe personal meaning to his actions. This mindset allows him to focus on learning and teaching, which he finds personally meaningful, ensuring his continued engagement and success in the entrepreneurial game. Alex encourages other entrepreneurs to adopt these mental frameworks to stay in business for the long haul, finding their own meaning and values to guide their journey.
"When I have any stressors in my life, I'm saying that I'm choosing. My brain is choosing to make meaning out of this when there was no meaning to be made to begin with."
The quote emphasizes the speaker's belief that stress is often a result of the meanings we ascribe to events rather than the events themselves. It suggests a level of control over one's emotional response to stressors.
"And so if you're an entrepreneur and you're a business owner, the number one thing that I've seen that creates success is longevity, meaning that you can continue to play the game, because at the end of the day, none of us is going to quit business, or hopefully not quit business."
This quote highlights the idea that the ability to persist in business over time is a fundamental component of entrepreneurial success. Alex implies that quitting is the only true failure, and thus, strategies for resilience are crucial.
"So the first that I do whenever I have any kind of negative situation, is I go 1000 x negative, all right? And then I reevaluate."
The quote describes Alex's initial strategy for coping with negative situations in business. By exaggerating the severity of the problem, he gains perspective and reduces its emotional impact.
"So if you're stressed in your own business right now, like, add a zero to whatever your revenue is, and you'll have ten times the potential for stress if you were ten times bigger or 100 times the stress if you were 100 times bigger."
The quote presents the idea that stress can scale with the success of a business, implying that entrepreneurs must be prepared to handle increased stress as their businesses grow.
"And so when I think and I imagine myself experiencing this negative thing over and over and over and over again, it's called negative visualization, then what ends up happening is I become immune to it."
The quote explains the process of negative visualization and its outcome—emotional immunity to the imagined negative event.
"And so I think to myself, well, if I can become immune to it after a thousand tries, I can become immune to it on the first try because it means nothing has actually changed, only my perspective on the occurrence."
Alex highlights that the only change is in perspective, not the event itself, suggesting that emotional immunity can be achieved immediately with a shift in mindset.
"And in so doing, you can shortwire yourself to that end outcome and then fast forward it to the present so you can live the rest of your day or less of your week without being emotionally disturbed."
This quote emphasizes the benefit of negative visualization, which allows one to live without being emotionally disturbed by applying the outcome of immunity to their present situation.
"And when you do that, at least for me, I feel like I make better decisions."
Alex shares a personal outcome of the technique—improved decision-making, which is a critical aspect of business success.
"What I will do is I will expect the worst circumstance. All right? So rather than saying, okay, I'm going to go work out and feel excited, right, to go work out, I'm super pumped. What I want to do is I want to plan and prepare my mental state for when it comes time to work out. I'm going to be exhausted. I'm not going to have slept well, I'm going to have a lot of business stress."
This quote details the strategy of expecting the worst to prepare mentally for challenges, particularly in the context of starting a workout routine.
"And so it literally does go into truly expecting the worst case scenario and making the preformed decision to act anyways, despite that, because you have planned for it."
Alex explains that by expecting the worst case scenario and deciding in advance to act regardless, one can overcome obstacles more readily.
"So most people, most humans have really good psychological resilience if we brace for it."
The quote suggests that psychological resilience is inherent in most people and can be accessed through mental preparation.
"And so what we're doing here is using this bracing technique on ourselves in advance of a situation that is likely to occur at some time between now and when we die, especially if it's a habit that has to be ongoing."
Alex emphasizes the use of the bracing technique as a proactive measure for coping with challenges associated with ongoing habits.
"Real quick, guys. You guys already know that I don't run any ads on this, and I don't sell anything. And so the only ask that I can ever have of you guys is that you help me spread the word so we can help more entrepreneurs make more money, feed their families, make better products, and have better experiences for their employees and customers."
This quote is Alex's appeal for support, highlighting the podcast's ad-free and non-commercial nature and the desire to help entrepreneurs.
"And the only way we do that is if you can rate and review and share this podcast. So the single thing that I ask you to do is you can just leave a review. It'll take you 10 seconds or one type of the thumb. It means the absolute world to me. And more importantly, it may change the world for someone else."
Alex requests listeners to leave a review, emphasizing the minimal effort required and the potentially significant impact on others.
"So kind of this is imagine the thing that you just had happen that bothered you for a thousand times, then it stops affecting you. The second one is you emotionally brace yourself. The third one is you imagine worst case."
This quote outlines the three emotional coping strategies Alex uses: repeated exposure to a negative event, emotional bracing, and worst-case scenario visualization. These techniques are meant to desensitize and provide perspective on the issue at hand.
"All of us benefit. We get the gift of perspective from those who die."
Alex reflects on the perspective gained from experiencing the death of someone close, suggesting that such events provide a valuable shift in viewpoint that can help in dealing with lesser problems.
"And most times, what I found is that most problems shrink into irrelevance within broader context. They actually never get solved. We just realize that we just don't care and that they are no longer meaningful to us."
This quote explains that many problems lose their significance when placed in a broader context, indicating that the resolution of an issue isn't always necessary for it to cease being a concern.
"And so I believe that the universe will continue to expand until eventually everything becomes a fine mist. Over a long enough time horizon, the sun will give out, all stars will extinguish, and then everything will just become a fine mist."
Alex shares a cosmological view that emphasizes the impermanence of everything, including human achievements. This perspective serves as a mental tool to alleviate the weight of current problems.
"And as silly as that may sound, it means that anything that we do, this video, anything that I accomplish in this world, will eventually disappear and be meaningless."
By acknowledging the eventual meaninglessness of all actions, Alex suggests that the significance of our problems and achievements is transient and ultimately decided by us.
"use it means that nothing has inherent meaning. And so that means that when I have any stressors in my life, I'm saying that I'm choosing. My brain is choosing to make meaning out of this when there was no meaning to be made to begin with."
This quote explains that the perception of meaning in life's events is a subjective choice, not an objective reality.
"You're probably not going to leave a dent in the universe. And even if you made some big advancement, within 500 years, it'll probably be forgotten."
Alex is emphasizing the transient nature of human achievements and the eventual insignificance of individual efforts in the grand scope of time.
"This is my ultimate trump card that I use to keep my emotions at bay and ultimately say, I am the master of my own universe."
The quote reflects Alex's strategy of using a philosophical perspective to regulate his emotional reactions to life's challenges.
"Because when you have to teach something, you have to learn it better. You have to learn the nuances of what makes something work."
This quote underscores the idea that the act of teaching can deepen one's understanding of a subject.
"Because if nothing has meaning except for what I choose to give meaning, then it means I can choose to only play games that I find meaningful."
Here, Alex is expressing his belief in the power of personal choice to ascribe meaning to his actions, which in turn guides his business decisions and commitments.
"Values are eternal, and values will exist even when everything disappears in the universe."
The quote captures Alex's belief in the enduring nature of values, which he prioritizes over the fleeting impact of individual actions.