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How Entrepreneurs Can Avoid Boredom

Experiencing fear is part of entrepreneurial life, but do you really know what your fear is trying to tell you? In this episode, Dan Sullivan and Shannon Waller explain why entrepreneurs feel fear and the best way to respond when you feel it.

Here's some of what you'll learn in this episode:

  • Why envisioning a future goal results in fear.
  • The essential role that courage plays in the process of goal achievement.
  • How commitment and courage lead to capability and confidence.
  • The danger of avoiding the decision to jump to the next level.

Show Notes:

If you lack the knowledge to do something, you lack the skills, because skills always follow knowledge.

Entrepreneurs take advantage of their minds’ ability to visualize bigger and better next steps.

Our minds make emotional commitments to a future result before we have the intelligence to get there.

Substituting courage for capability means that you move forward in spite of the fact that you don’t have the knowledge or skill.

When you’re emotionally attracted to a goal, you can use that excitement about the possibility as fuel to get you through the scary part.

To some extent, you’ll know you’re committed to a goal when you’re feeling fear.

When you visualize something bigger and better than your present situation, you don’t yet have the capabilities to get there.

All growth comes from first being committed to improvement.

When you don’t have the courage to take the next step, your mind makes everything that you’re presently doing boring.


The 4 C’s Formula by Dan Sullivan

Episode Transcript:
Shannon Waller: Hi, Shannon Waller here and welcome to Inside Strategic Coach with Dan Sullivan. Dan, you said something the other day, as you often do, that I was really intrigued by, because it sounds not contradictory, but I wasn't quite sure what you meant. So I love taking this opportunity to take advantage. You said, “At the heart of boredom is the terror of taking the next step.” And I'm very intrigued by that because I don't think of boredom and terror in the same sentence usually. So what does that mean? I'm super curious.
Dan Sullivan: Well, our minds are constantly looking for bigger and better. And this is anybody, but I deal with entrepreneurs, and I think that entrepreneurs have taken advantage of their mind's ability to visualize bigger and better next steps. There's two aspects to jumping to a level which, at the present, you don't have any capabilities. And one of them is the excitement of visualizing what it's going to be like when you have achieved the jump to the bigger and better results. And then there's also the fear of your present state that you don't even have the capabilities and it's going to require courage.
So in our 4 C’s Formula , we say that all growth comes from, first of all, being committed to improvement, and then lacking the capability that that's going to take. You go through a period of courage while you learn and you change yourself. You transform yourself so that you're capable. And then when you're capable, then you get a reward and your confidence jumps. Okay? And then from a higher level of confidence, you can do the formula over again. You can have a commitment to an even higher goal.