17 min
Ep. 76 - Avoiding the Shiny Object Syndrome The Art of Winning
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- Entrepreneurship
In this The Art of Winning episode, our host Ashton Levarek tackles the shiny object syndrome, a common trap for new entrepreneurs. Using the Kelley and Conner emotional cycle of transformation, Ashton emphasizes the importance of staying focused on long-term goals to avoid lost focus and, ultimately, failure. He dives into the different phases that people go through when faced with challenges and the emotional experience that comes with real estate investment, particularly short-term rental properties. Momentum, consistency, and persistence are key to overcoming setbacks. Ashton also warns against uninformed optimism and negative self-talk. By adapting and moving into informed optimism, entrepreneurs can make better decisions. To learn more about Ashton, listeners can visit his website at Valkere Investment Group!
[00:00 - 08:22] The Shiny Object Syndrome: The Fastest Way to Fail in Business and Life
· Ashton discusses shiny object syndrome" and how it affects new entrepreneurs and business owners.
· The Kelley and Conner emotional cycle of transformation is introduced as a tool to understand this phenomenon.
· The cycle starts with uninformed optimism, followed by informed pessimism, then the valley of despair, before reaching informed optimism and success.
· Ashton emphasizes the importance of staying focused and committed to one's goals, despite the challenges that arise during the cycle.
[08:22 – 17:02] Navigating the Emotional and Psychological Rollercoaster of Success
· People often give up and chase other solutions when they feel like they've failed
· Real estate offers many different strategies, but it's easy to lose focus and follow shiny objects
· Refusing to fail and learning/growing leads to success
· Emotional, psychological, and intellectual experiences are involved in buying/leading investment properties
· Misinformed optimism is common in the beginning stages of a new project/business
· People tend to overrate their potential and underestimate the challenges ahead
· Negative self-talk can lead to the "Valley of Despair"
· Shiny object syndrome can distract from sticking with a project
· Uninformed optimism can lead to euphoria, but informed optimism is more productive
Connect with Ashton!
Website: Valkere Investment Group
LinkedIn: Valkere Investment Group
Want to learn more about creating multiple streams of income, wealth protection, financial freedom, or real estate investing? Join our investor club, check out our blog, get our free ebook on investing, or join us for our monthly Real Estate Investing Made Simple virtual meetup. Take the first to your wins in life and head on to http://www.valkeregroup.com.
Leave a REVIEW and SHARE this episode with someone who wants to unlock the secrets to success. Listen to other episodes on Apple, Spotify, Libsyn, or wherever you get your podcasts!
Key Quotes
"No business strategy in the world will prevent you from encountering obstacles. There are always gonna be obstacles. That's just business." –Ashton Levarek.
In this The Art of Winning episode, our host Ashton Levarek tackles the shiny object syndrome, a common trap for new entrepreneurs. Using the Kelley and Conner emotional cycle of transformation, Ashton emphasizes the importance of staying focused on long-term goals to avoid lost focus and, ultimately, failure. He dives into the different phases that people go through when faced with challenges and the emotional experience that comes with real estate investment, particularly short-term rental properties. Momentum, consistency, and persistence are key to overcoming setbacks. Ashton also warns against uninformed optimism and negative self-talk. By adapting and moving into informed optimism, entrepreneurs can make better decisions. To learn more about Ashton, listeners can visit his website at Valkere Investment Group!
[00:00 - 08:22] The Shiny Object Syndrome: The Fastest Way to Fail in Business and Life
· Ashton discusses shiny object syndrome" and how it affects new entrepreneurs and business owners.
· The Kelley and Conner emotional cycle of transformation is introduced as a tool to understand this phenomenon.
· The cycle starts with uninformed optimism, followed by informed pessimism, then the valley of despair, before reaching informed optimism and success.
· Ashton emphasizes the importance of staying focused and committed to one's goals, despite the challenges that arise during the cycle.
[08:22 – 17:02] Navigating the Emotional and Psychological Rollercoaster of Success
· People often give up and chase other solutions when they feel like they've failed
· Real estate offers many different strategies, but it's easy to lose focus and follow shiny objects
· Refusing to fail and learning/growing leads to success
· Emotional, psychological, and intellectual experiences are involved in buying/leading investment properties
· Misinformed optimism is common in the beginning stages of a new project/business
· People tend to overrate their potential and underestimate the challenges ahead
· Negative self-talk can lead to the "Valley of Despair"
· Shiny object syndrome can distract from sticking with a project
· Uninformed optimism can lead to euphoria, but informed optimism is more productive
Connect with Ashton!
Website: Valkere Investment Group
LinkedIn: Valkere Investment Group
Want to learn more about creating multiple streams of income, wealth protection, financial freedom, or real estate investing? Join our investor club, check out our blog, get our free ebook on investing, or join us for our monthly Real Estate Investing Made Simple virtual meetup. Take the first to your wins in life and head on to http://www.valkeregroup.com.
Leave a REVIEW and SHARE this episode with someone who wants to unlock the secrets to success. Listen to other episodes on Apple, Spotify, Libsyn, or wherever you get your podcasts!
Key Quotes
"No business strategy in the world will prevent you from encountering obstacles. There are always gonna be obstacles. That's just business." –Ashton Levarek.
17 min