Investing in Your Happiness Is the Path to Success Square peg, round hole. You will fit in somewhere.

Opinions expressed by Entrepreneur contributors are their own.

Westend61 | Getty Images

Being constantly motivated is hard to do and something we cannot afford as entrepreneurs, particularly if we are in a startup phase. Technology will always provide a means to improve the tangible parts of our business. However, we are not robots. Too often we fail to recognize, attend to and invest in the one thing that can derail our motivation with catastrophic effects on our business and personal lives -- our psychological strength and well-being.

Riding the unpredictable peaks and troughs of the business roller coaster can be elating and overwhelming all at once, not to mention lonely. Having ways to maintain and drive our motivation as entrepreneurs requires much more attention than you might think.

Related: It's OK to Not Be OK

Here are three tips, if developed early, that will sustain and heighten your motivation, not just in your current project, but in the future as well.

1. Carefully choose the company you keep.

In their research, James Fowler and Nicholas Christakis found those who influence our happiness in our social relationships extend beyond the first degree of separation. As entrepreneurs -- particularly in startup mode -- life can be terribly isolating. As entrepreneurs, we choose an unpredictable roller coaster journey that can vastly impact our mental and emotional states. We, therefore, need to be highly particular about the company we keep, control the amount and quality of energy we give and scrutinize our exposure to that which we receive.

Energy and relationships that derail our motivation is not a luxury we can afford. Review each relationship and consider the quality and quantity of the exchange. Does it help you? Hinder you? Is it inspiring and supportive? Is it collaborative? Does it challenge you in a good way? Ask yourself these questions, and you will find some overdue culling might be warranted, as well as some time invested finding new individuals to add to your inner circle.

2. Join or create a mastermind group.

When Napolean Hill published Think and Grow Rich in 1937, he introduced to the world the concept of mastermind groups. Interestingly, the intense value of being in such a network is only recently being embraced.

It does not have to be lonely at the top. Whatever level you are at, there are others guaranteed to be on the same quest. You just need to find them.

Memberships such as the Young Presidents Organization (YPO) provide multiple levels and types of support to younger chief executives globally. Containing 24,000 members in 130 countries, support to its members also addresses the impact upon their families. Leadership is not a hat we take off when we step outside of the office doors. It is a life philosophy and attitude that proliferates through all areas of our lives. Look for a mastermind group that accommodates this.

Finding the right group fit for you is essential. Even if you need to create your own group, choose your members wisely. Set boundaries for showing up, contributing and following up with each other. Keep focused and on task. Fuel your motivation with the collective genius of others to collaborate, solve problems, cross-promote, network and learn new things. On days when motivation is low, plug into your group. It will give back to you tenfold what you invest in it.

Related: 9 Top Entrepreneurs Share How They Pick Which Masterminds to Join

3. Invest wisely and strategically in ongoing personal development.

If you have ever automatically hesitated and refused a directive by your business coach, ask yourself why. There will be a reason. Your business is a reflection of you. Your beliefs, your ideas, your ability to delegate and your skills all affect your relationships, your business progress and your outcomes. Not recognizing how your psychological and emotional make-up affects how you operate is naïve. You need to start recognizing what patterns, beliefs and habits are keeping you in the status quo. Knowing where to start can involve a quick and easy process.

First, review your level of satisfaction in each main area of your life using a rating between zero (to indicate least/no satisfaction) and 10 (representing being completely satisfied):

  • Money and finances
  • Physical and mental health
  • Leisure, family and intimate relationships
  • Spirituality and religion
  • Career pursuits
  • Friends and social relationships

Second, ask yourself what level of satisfaction you desire in each of those areas. Give yourself a second rating. Have a look at the size of the difference between your current and desired ratings. This will give you clues as to where to start addressing underlying causes of your dissatisfaction and then work on how to turn this around.

Related: 5 Ways to Fight Depression, Improve Your Mood and Boost Productivity

Consider working with a coach and/or business psychologist to open up the conversation. Look for an expert who specializes in the areas you wish to tackle. If you have never had education and healthy guidance around money and finance management, look for a qualified coach -- with relevant and integral credentials – in this area.

Avoid the mistake of taking a spray and pray approach. Becoming a serial course-goer or weekend seminar junkie will overwhelm you and create a spray and pray approach. Not only will that decrease your motivation, it is time and money down the drain. Do your utmost due diligence to choose these support professionals and programs wisely. Working steadily and consistently will sustain strong and steady motivation and momentum.

Dr. Malachi Thompson III

High-Performance Consultant

Dr. Malachi Thompson spent more than a decade leading and developing high-performing military teams. He is the founder of Champion Leaders. He teaches proven strategies to help entrepreneurs and leaders activate their genius, lead in their field and impact the world.

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

Side Hustle

I've Made Hundreds of Thousands of Dollars With a Fun Side Hustle — And You Might Have Seen Me Doing It on TV

Phil Schraeder, CEO at GumGum Advertising, turned a childhood passion into a lucrative side gig.

Leadership

7 Steps to Building a Smart, High-Performing Team

Here's the ultimate guide to structuring, training and retaining a winning team.

Money & Finance

BOI Reporting Requirements Changed Yet Again — Do You Need to File By the New March Deadline? Find Out Here.

The BOI filing requirement has changed for yet another time. Here's a detailed perspective and history on BOI along with a timely guide for business owners who want to ensure they comply on time and save themselves hundreds of dollars in daily fines.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Money & Finance

4 Expenses You Can Avoid When You First Start Your Company

Cost optimization is key if you want your startup to go far.

Leadership

'If You're Yelling at People, You Don't Have Your S--t Together': How One Chef Is Turning the Tables on the Toxic Workplaces Seen in Shows Like 'The Bear.'

Award-winning chef and co-owner of the Michelin-starred restaurant Cyrus Douglas Keene is transforming fine dining for his customers and employees alike.