Belle Beth Cooper introduced us to the term . It’s refers to any time, effort or money spent that can’t be gotten back. The reason most of us can’t get past them is because our brains are wired to feel loss far more strongly than gain. A tough mind doesn’t get stuck in the sunk-cost fallacy and has the strength to make a rational decision without getting mired in the emotional muck of regret.
2. DON’T TRY TO CONTROL EVERYTHING
Trying to control things takes up a lot of energy. Instead, by accepting the situation and letting go of outcomes, a and thrive--even when the going gets tough.
3. DON’T FEAR FAILURE
We’ve heard many an entrepreneur’s tale to fail fast and get on to the next thing. To really deal with failure, a tough mind needs to wrap itself around what went wrong and next time.
Acknowledging mistakes is also important for moving on. In doing so, you not only sidestep the psychological pitfalls of cover-up, rationalization, and guilt; you may also find that you enhance your own brand through your honesty, candor, and humility.
4. DON’T FEAR A SMART RISK
Acknowledging that you may reach greater success if you think out of the box also comes with the risk of making more visible mistakes. Those with more mental strength can inside their heads and weigh the risk rationally to make an informed decision. On the plus side, taking a calculated approach to risk cuts the recovery time even if you make a mistake.
5. DON’T DISCOUNT EMOTIONAL INTELLIGENCE
, that is, the ability to tune in and control your own emotions and be aware of those in others, is an excellent indicator of success. Resilient minds are able to navigate through the currents of emotion in any situation and don’t get pulled into the undertow of office or family drama.
6. DON’T SHY AWAY FROM TRANSPARENCY
At collaboration software startup Asana, they create a road map for blocks of time called “episodes.” At the end of each they pull together a document that summarizes their hits and dissect their misses to share with the team, investors, and entire rest of the world. A tough mind can handle the because it understands that the exercise is about learning and not blame.
7. DON’T FEAR BEING ALONE WITH THEMSELVES
It takes a tough mind not to get stuck in the unproductive fight/flight/freeze state exacerbated by procrastinating until the last minute and doing ‘good enough’ work. Those who can rise above take the time to be alone with themselves and learn to listen to the silence, even for a day.
8. DON'T THINK SUCCESS HAPPENS OVERNIGHT
Even “rock star” executives can’t make a sustainable splash in a short period of time. A tenacious mind understands that it takes time to listen to customers and constituents, and --or years. To succeed in the long run, there has to be a balance between the passion for instant gratification and practicality.
9. DON’T HAVE THE DISEASE TO PLEASE
Not every email or request needs to answered immediately. A resilient thinker will chew on the best way to deal a problem or concern and substitute "I think" wherever others are tempted to say "I feel." Tough minds . They simply address the issue by removing any fraught emotion.
“The old adage ‘competition brings out the best in people’ deserves a proper burial,” says professor of Fordham University. Instead, a tough mind will naturally gravitate to motivation that ranges from extrinsic ("What can I earn or win in doing this task?") to intrinsic ("What can I enjoy by doing this?").