Time to walk the walk.. Perfection Kills

One of the biggest mistakes people make when buying a business is thinking they have to have the perfect conditions and the complete know-how of the industry before they get started.

Ownership Sucess

While these certainly wouldn’t hurt, more often than not this mindset creates a roadblock to actual action. 

Research has a lot to say about the importance of your mindset. 67% of self-made millionaires said keeping a positive outlook on life was a key contributor to their success and studies have shown that the one personality trait common among most wealthy people is optimism.

At UA we don’t just talk, we do. We also understand that success is where preparation meets opportunity. Optimism is key to being able to achieve both of these prerequisites to success.

Before we get into that, let’s talk about luck for a second. Are some people naturally just luckier than others? Did the fates bless them slightly longer than the rest of us before sending us down to the earth? One guy by the name of Richard Wiseman set out to test this.

What Wiseman found is that people who considered themselves lucky were actually able to think themselves to luck. Good things happen to them because they believe good things will happen. 

This isn’t magic, but it might just be a self-fulfilling prophecy. 

It’s the outcome of what Wiseman sees as a combination of keeping an open mind (like taking on a new role or opportunity outside of your comfort zone), staying positive (good vibes only), and regularly breaking out of routine (to make room for new more spontaneous experiences).

In that sense, Unconventional Acquisitions is an experiment on how to think yourself to wealth. And so far, the results look pretty promising

While the world as we knew it went up in flames this past year, some people were able to see opportunity through the chaos and they thrived. Our mindset allowed us to not only passively ride through rough patches, but also turned us into master problem solvers. By viewing small businesses as assets like anything else we were able to flip the situation into an opportunity to make the world a better place.

The fact that you’ve navigated your way through the vast interweb and landed on this page is in itself an indication that your working towards this approach to life and wealth. After all, thinking it is the first step to manifesting your goals.

To sum it up, most “lucky”, wealthy people out there are the ones who have adopted a growth mindset and paired that with learned optimism. 

The first is a way of learning and dealing with challenges. When you have a growth mindset a pandemic transforms from a giant black chasm (that it rightly seems like for many people) into a rope swing — one that can get you to the other side in one piece but also excited and energized from the adrenaline rush.

Learned optimism is the opposite of learned helplessness, which is when we take on the view that we’re incapable of changing our circumstances. This conditioning can go both ways however, and learned optimism is the view that we can develop a more positive outlook of the world and regain our agency.

When you approach things with a growth mindset, “bad luck” turns into a fun challenge. The closing of over 100,000 american small businesses during a pandemic isn’t massive carnage but a massive opportunity to create wealth and help this important economic sector come back to life again.

When you adopt learned optimism into your daily life, you’re able to pick out what matters amidst the million things that constantly compete for your attention. You can pinpoint what your passions are and work towards fulfilling them. You’re able to honestly assess what skills you have and what skills you still need. You’ll also be more comfortable asking for help and leveraging your network and can embrace the fact that no person is an island unto themselves. You’re more effortlessly able to do the things which increase your chances of success.

And when you have both? You are unstoppable.

Check out our new course on Valuation and Due Diligence HERE! 

Want to have the tools to become a business owner for $49? Well here you go!

Yours Unconventionally,

Codie & Ryan

Co-founder- Unconventional Acquisitions

If you want to learn more about researching, analyzing and buying businesses, check out the articles below

• Is Business Buying Right for You? How to 10X Your Dealflow – Uplevel Your Contacts
• How to 10X Your Dealflow – Uplevel Your Contacts
• Turn Your Skills Into a Cash Substitute 

You can also register for the course here OR if you are serious about buying a small business, join our Mastermind.