📺 Stream EntrepreneurTV for Free 📺

Be a Negative Optimist Find out how to constructively use negative thinking to make better decisions and achieve greater success.

By Brian Tracy

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

The most important quality for success in entrepreneurship andin life is the quality of optimism. Optimists have an unrealisticexpectation of success. As a result, they're willing to try farmore things without becoming discouraged. In addition, because oftheir unrealistically positive attitude, they're willing topersist much longer than the average person. Optimism is awonderful quality-as long as you have it under control.

In order to be successful in business, and in any activity whereyour money's involved, you must temper your optimism withnegativism. You must be enthusiastic about the possible upside ofthe investment, but you must be skeptical, critical, suspicious anddemanding about all the different ways that your money can belost.

Seek out and listen carefully to people who are negative towardsyour idea. Look for negative thinkers, because their viewpoints canbe invaluable and save you a fortune in time and money. I have afriend who's a lawyer, and he gives advice to many people oninvestments. When someone comes to him and asks him about making aninvestment he's unsure about, what he does is this: He says,"All right, I want you to come to my office and I want you tosit behind my desk. Then I'm going to come in and present thisinvestment to you, and I want you to critique this investment as ifyou were me."

And he says that when his clients begin critiquing theinvestments they're thinking about going into, when they startto become negative thinkers about the investments, he saysthey're astonished at how bad the investments really are. Hesaid he's saved his clients millions of dollars by forcing themto be negative thinkers about their own ideas, simply by switchingroles and sitting in front of the desk while they sit behind it. Itpays to act as your own negative thinker.

Conversely, don't be overly influenced by negative thinkers.Just take their viewpoints into consideration. There's a famousstory of Mary Hudson, who started off with $200 in the middle ofthe Depression and leased a gas station that two men had gone brokerunning at two different occasions. And from that location, shebuilt a company called Hudson Oil, which is now the biggestindependent distributor of gas and oil in the United States. From a$200 investment, even though everybody told her she'd fail. Soremember, listen to negative thinkers, seriously consider what theyhave to say, but don't necessarily accept their advice.


Brian Tracy is the founder and chair of Brian TracyInternational, a human resource company based in San Diego, andone of America's leading authorities on entrepreneurialdevelopment.

Brian Tracy

Chairman and CEO of Brian Tracy International, Speaker and Author

Brian Tracy is chairman and CEO of Brian Tracy International. He is the leading coach on the topics of leadership, self-esteem, goals and success psychology. Learn more at BrianTracy.com

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Money & Finance

How to Choose the Right Financial Advisor — A Guide for Entrepreneurs

Use this guide to select a financial advisor who not only understands your unique financial needs but also has the expertise, experience and connections to support your business and personal goals effectively.

Living

Optimize Your Diet and Budget with This $55 Nut Milk Maker

The Venoly comes with a helical grinding blade and serrated edges to create rich, creamy nut milk.

Side Hustle

3 Secrets to Starting a Small Business Side Hustle That Gives Your Day Job a Run for Its Money, According to People Who Did Just That — and Made Millions

Almost anyone can start a side hustle — but only those ready to level up can use it to out-earn their 9-5s.

Business News

Logan Paul's Energy Drink Company Accused of 'Forever Chemicals,' Excessive Caffeine in Class-Action Lawsuits

Prime Hydration is facing two class-action lawsuits. Paul says the suits are "absolute bull."

Leadership

I Went on a Retreat to Reignite My Entrepreneurial Passion. Here's What I Learned That Will Forever Change The Way I Lead.

An international adventure could be exactly what you need to achieve your entrepreneurial goals.

Science & Technology

3 Ways AI Can Make Humans Better (and How it Can Hurt Us)

Business leaders should know the potential drawbacks of AI before diving in head first.