In the year 1972, a student from Reed College, Steve Jobs, was introduced to a theory that would transform his life: The reality distortion field or RDF.
The thought of the RDF actually originated from Star Trek movie, in which the residents of the planet Talos can generate new realities solely through mental force. For Jobs, it converted him from a self-effacing, shy, college drop-out to one of the most imposing figures in the tech world.
Job’s capability of mastering RDF was thanks to his keen understanding of psychology, and it’s a strategy several have tried to replicate. Launching a business requires an immense amount of drive to develop something fabulous, and the resilience to pick yourself up, over again, when you get knocked down.
Unfortunately, these components are usually joined by those that are less helpful — like being overly arrogant and controlling. In other words: Having an ego.
As a business owner, Jobs was universally beloved. He purely had no interest or lacked concern over being liked, as well as he was more than capable of taking criticism, that he was skilled enough to keep his ego in check.
When a startup fails, a flawed ego is often at the root cause. Attaining Jobs’ ruthless vision and drive without building an inflated ego can be a challenging line to walk. Fortunately, it’s not impossible, and it can be learned.
The difference between ego and confidence
In the realm of startups, confidence is necessary: It drives you to identify your vision and provides you the resilience to pick yourself up when you hit an obstacle. It’s having faith in your capabilities and believing in yourself.
In contradiction, the ego is self-interested. It requires accolades, approval, and validation. It’s defiant to feedback. In life, ego can be disturbing to those around you. In the workplace, it can even break your career.
Acknowledge your ego
There’s a contrast between letting your ego run wild and contemplating its existence. The latter is really very helpful. As a business review from Harvard points out, it is essential to be honest with yourself about your motivations for launching a business. The real fact is, these motivations are usually selfish.
It can often be challenging to accept the fact that your goals are sustained of self-interest if they are. But once you do that, it can eventually help you concentrate on your real goals instead of wasting time explaining your actions.
Acknowledging your inspirations will present the people around you with confidence in your odds of success, as they’ll understand what’s inspiring you.
The risks of ego to your business
Two out of five CEOs fail inside the first 18 months of leading a startup. One-third of these leading Fortune 500 businesses don’t even make it past three years.
In numerous cases, we have seen that it doesn’t matter how competent you are: Being successful as a business owner requires a high degree of emotional intelligence.
How to keep your ego in check
- Don’t take yourself too seriously
- Quit comparing yourself to others
Having confidence is one thing. Being an egoist is another.
Attitude is everything. Don’t be egoistic and think that you’re the only one at the top of the game. Share your real-life experiences—but not just your wins, but your losses, too. Appreciate what you already have, and always remember that you’re not the only one succeeding. And that’s pretty okay. Running a successful business with ONPASSIVE in a much friendly way is not impossible nowadays. Having less ego will, for sure, make or break the future of your business.