Why 99% Of Online Businesses Fail | Summary and Q&A

TL;DR

Emotional management is crucial for success in business as excessive optimism can lead to a steep fall when facing challenges.

Key Insights

• 🥺 Emotional management is crucial for success in business as excessive positive emotions can lead to a greater negative impact when facing challenges.
• 🥳 Delaying celebration can help avoid extreme negative emotions when setbacks occur.
• 👨‍💼 Both positive and negative emotions should be managed equally to maintain rationality in business.
• 👻 Maintaining rationality allows for effective problem-solving and overcoming obstacles.
• 🥺 Excessive optimism can lead to a greater fall when facing challenges, so it is important to manage emotions and avoid extreme highs.
• 👨‍💼 Emotional management is often overlooked in business, but it is a crucial aspect that can greatly impact success.
• 🤩 Rationality is key to managing emotions in business, as it allows for clear decision-making and problem-solving.

Transcript

hey everybody how's it going it's charlie morgan here and welcome to another video for the youtube channel in today's video i want to talk to you about a little bit of a trick for emotional management i'm not sure what the title of this video will be but if you stick around to the end you will now understand a pretty cool premise for anyone startin... Read More

Questions & Answers

Q: Why is emotional management important in business?

Emotional management is important in business because excessive positive emotions can lead to a steep fall when facing challenges. It is crucial to maintain rationality to overcome obstacles effectively.

Q: How does excessive optimism affect emotional management?

Excessive optimism can lead to a greater negative impact when facing problems. The higher the positive emotions, the greater the distance to fall when things go wrong, resulting in a more intense negative emotional state.

Q: How can delaying celebration help with emotional management?

Delaying celebration until the desired outcome is achieved helps avoid excessive positive emotions. This prevents an extreme negative emotional response when facing setbacks or obstacles.

Q: Why should both positive and negative emotions be managed equally?

Both positive and negative emotions should be managed equally because the same cognitive neural process of irrationality manifests in both. Managing emotions is crucial for maintaining rationality in business.

Summary & Key Takeaways

• Starting a business or embarking on a project is usually driven by optimism and excitement.

• However, excessive positive emotions can lead to a greater negative impact when facing problems.

• It is important to delay celebration and manage emotions, as rationality is key to overcoming challenges.