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Reinvention and Perseverance as an Entrepreneur: How a Successful Traditional Entrepreneur Adapted Into a Prosperous Life Coach

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What does success mean to you?

For many, success is attributed to wealth, fame, and glory. As a society, we tend to enhance these stereotypes by rewarding wealth with accolades. But what happens when all of this is achieved?

Taking a linear approach to success is likely going to result in disappointment. When we attach our own sense of worth to a singular metric like money— we might become so driven by money that we lose sight of what our purpose is. 

Evolution is inherently tied to human growth and adaptation; that’s why we derive pleasure from seeking challenges, overcoming them, and reaching this fruition of growth. 

There are more ways to be “prosperous” than the conventional means. As a longstanding and successful serial entrepreneur, Randy Belham knows exactly what it’s like to have everything, but nothing at all. And he knows better than most, that sometimes you have to go to zero, to experience a profound shift in how you define success.

Here is how redefining success in our own minds can lead to the manifestation of prosperity.

Reconnecting with Our Purpose

Even financially successful individuals combat the feeling of emptiness. Often they realize that having accomplishments that are not tied to a greater purpose, do not deliver a true sense of fulfillment.

One common question Randy Belham gets from his clients is “what’s next?”

Randy is a formal entrepreneur turned life coach, whose clientele generally consists of people in their early to late 40s, who’ve achieved a significant level of financial wealth in their lives but are rattled with the feeling of lacking.

Randy was a well-established entrepreneur with a couple of businesses under his belt, as well as being married. After a series of traumatic life events like his divorce, he felt completely lost and consumed by his poor habits and choices with no clear purpose to drive him forward. 

He decided to embark on a spiritual healing journey that helped him reconnect with his innate passion for coaching and helping others. He was able to turn this into his next venture.

It Begins with Awareness

For someone that is struggling to find their true calling—the first step is to cultivate a deeper awareness of our thoughts and actions. Explore passions, fears, and core values and how the things you’re pursuing connect to them. People often wonder why they’re unhappy even with stable jobs and finances, without realizing that the majority of their activities don’t align with their values or purpose. But you won’t know unless you clearly identify what these are.

It’s important to be able to challenge your own mindset and the way you define your self-worth and success.

Belham views coaching as a way to help clients “shine a light on their blind spots.” Cultivating awareness means shedding fears and stigmas around help. 90% of the time, his clients experience a breakthrough moment, and this is one of the reasons Belham is passionate about coaching.

Letting go of Attachments

When we’re attached to ideas, things, or thoughts; losing them puts us in a place of deep suffering. On the contrary, when we learn to see things as non-permanent; we’re releasing a lot of the ego that comes with success. We no longer attribute what we’ve achieved in our lifetime to just us because we’re not the sole owners of our success. 

“Things have to come and go”, says Randy. As the old adage goes, “Attachment is the root of suffering.” Randy practices journaling and meditation daily because it helps to remind him to be grateful for the present, to not hold anything permanently, and to enter an optimal mindset. Holding an optimal mindset helps Randy be the best version of himself so he can serve his clients.

Growing is not Always Easy

To grow, we need to consistently exert strain on our minds or bodies. The key is to push past the urge to procrastinate and build a sustainable routine that helps edge you closer to your goals. Similar to working hard through rejections and iterations to build a successful business, to build a new, successful version of you requires the same level of tenacity.

You have to overcome your own negative thoughts and find a way to change the patterns that are holding you back from finding long-term solutions. 

On the relevancy of imposter syndrome, which describes a condition where people feel unworthy of their success, Randy advises “if you’re there, it’s because you deserve it. Now you have to question why you think you’re undeserving of good things”. 

This requires gradually countering our negative emotional state with positive messaging and turning that into a habit. The more you get into a habit of rewarding yourself for your accomplishments, the more you’ll be incentivized to take your life to the next level.

Conclusion

These days, a big emphasis is put on the individual to be 100% responsible for their own success— often meaning their financial security. Acquiring wealth is only one part of the equation, the next comes deeper life satisfaction which requires a more holistic view of success. 

You don’t need to be a millionaire, to start experiencing the profound results of becoming connected to your purpose. You might even find that the more connected to it you are, the more prosperous you will feel.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Business

What does it really mean to be an Entrepreneur?

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We see that word a lot, especially in the business world. Entrepreneurship is an idea that is often tied to the concept of the American dream. An individual chooses to put their head down and work hard to open a business and are now reaping the benefits of investing their time, money, and energy.

For those of us who have a job in the traditional sense working for a company that we do not own, the idea of becoming an entrepreneur can be both exciting and intimidating. Not everyone is built to start a business and pour their soul into helping it grow and become their main source of income. So what does it really look like to be an entrepreneur in 2022?

Betting on yourself

Anyone who has started a business themselves will tell you that the key to success is believing in yourself, as cliche as that may sound. With all of the responsibility of the business falling on your shoulders, there is a lot of weight that you have to carry. Figuring out the product or service itself, marketing the brand online or through your network, and handling the logistics of owning a business are just some of the tasks that will fall on you. Depending on what industry you are in, you may need to take the time to be certified, especially for some trades where a license is required. Getting through “impostor syndrome,” or the belief that you do not have what it takes to achieve your goals, will be key to creating long-term success, but this is only possible if you truly believe in your abilities and your business.

Assuming all of the risk

The scariest part of being an entrepreneur is the inherent uncertainty. Will your business be successful? How long before you start to turn a profit? Will this business be able to support your livelihood both in the short term and in the long? These are questions that you will undoubtedly face as a business owner, especially early on. All of the risk associated with owning a business is yours. The best way to manage this risk is to seek assistance in the areas that you feel uncomfortable in. Don’t understand how to keep track of clients and invoices? Research the best software to help you. Having trouble with taxes? Hire a tax professional to work through the details with you. There will likely be aspects of owning a business that you will not even know exist, so be sure to do your research.

Reaping all of the benefits

While there is significant risk associated with entrepreneurship, there is also the possibility of success. In the event of success with your business, you will reap all of the benefits of your growth. Whether that means achieving financial independence, or simply living out a purpose and feeling fulfilled, you receive the full reward as the owner of that business. This is what most entrepreneurs keep their focus on and what gets them through the long hours and extreme investment of their assets. They look forward to the day when they reach their financial or personal goals, which makes the whole journey worth it. 

The freedom of choice

This factor is especially evident with the wave of new businesses that have started since the beginning of the global pandemic. A huge number of workers have filed applications for new businesses in the last few years, with over 551,000 applications in July of 2020, a huge jump from similar time periods in years past. That trend has continued into 2022, with many workers leaving their regular jobs in order to pursue entrepreneurship. One of the main draws is the freedom of choice. You can choose what type of business to run, what product or service you will sell, what your company culture will be, where to allocate resources, and even what hours to work. People may have left previous positions for any number of reasons such as low pay, feeling undervalued, poor management, long hours, or simply burnout. By starting a new business, an entrepreneur has the freedom to customize the role to suit themselves. Even if there are long hours, the feeling of self-determined fulfillment can override the difficulty of running the business. 

Entrepreneurship should not be taken lightly

As stated before, becoming an entrepreneur is not for everyone. Even if you come up with a great idea for a product or service, you may not have the capacity or the drive to turn it into a thriving business. It is important to spend time in reflection and doing research before taking the leap to make sure that you understand what you are getting into and what it will take to be successful. Lay out your goals, come up with a plan, seek outside advice from people who know you and professionals in the field you are interested in, and then make a decision. If you choose to go for it, then be ready to defeat that impostor syndrome.

 

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