Building the Right Mindset

A Founder’s Guide to Resilience and Growth

When Mindset Made the Difference

A few months ago, I applied for an award that honestly, I kinda thought I was a shoo-in for. When I wasn’t selected, disappointed wasn’t the word - it literally triggered 12-year-old Lisa who was shocked AF she didn’t get valedictorian for her grade eight class.

But what I remember is that the winners we admire aren’t the ones who never faced setbacks. They’re the ones who kept going. That’s when I recommitted to reframing failure as resilience.

Want a little encouragement for your own founder journey? Get my 5-Day Confidence Prompts sent to your inbox, my treat! Bring your pen and a moment to recognise what’s working. And if you’re ready to make reflection a regular part of your day, explore the Female Founders Journal Deluxe Bundle.

Lisa Simone Richards behind a bookstore journal display, beside a ‘Today I’m Proud of Myself For…’ board covered in notes. Explore the Female Founders Journal Deluxe Bundle.

Emma Grede, co-founder of Good American and founding partner of Skims, said it best on the Mel Robbins podcast: “The most important relationship you'll ever have is the relationship you have with yourself. And so you’ve got to be real careful that your biggest enemy isn't living between your two ears.”

That reminder shifted everything. Mindset isn’t a nice-to-have as an entrepreneur; it’s the root of belief, and belief comes before action.

Related posts: Building Confidence, Celebrating Wins, and Female Founder Journaling.

Mindset Shapes Every Step You Take

For me, mindset shows up in practical moments: how I respond to disappointment, what I tell myself after a setback, and whether I notice the progress right in front of me.

If you’d like to explore other perspectives, these resources offer starting points: an article published in Frontiers in Psychology and a Harvard Business Publishing resource. I come back to a simple question in my own practice: what perspective will help me take a thoughtful next step?

And even something as simple as journaling, as Dr. Manuel Astruc explains, can support reflection: “Regular journaling can sharpen focus, reduce stress, boost mental resilience, and improve overall well-being.”

My journal gives me somewhere to pause before deciding what a difficult moment means about me.

Lisa Simone Richards holding a microphone on a High Vibe Women stage framed by pink balloons, with an audience seated in front.

Photo Credit: Avalon Mohns

How to Build the Right Mindset

1. Reinforce Your Wins

It’s easy to move the goalpost and focus on what didn’t work. But celebrating wins helps me notice progress. In the Female Founders Journal, I list my top three wins each week, and usually end up with seven to ten.

Prompt: “What are three wins I can celebrate today?”

2. Reframe Failure as Resilience

When setbacks happen, I remind myself: things are happening for me, not to me. That doesn’t make disappointment disappear, but it gives me a way to ask what I can learn and what I want to do next. This article published in Frontiers in Behavioral Neuroscience is another resource to explore alongside your own reflection.

Prompt: “What challenge strengthened me this week?”

3. Put in the Reps

Alex Hormozi talks about building confidence through evidence. That idea resonates with me. Journaling daily about what I’ve accomplished helps me collect my own evidence. Over time, the pages become proof I can return to when I doubt what I’m capable of.

Prompt: “What evidence have I stacked today that proves my progress?”

4. Stay Focused on Your Vision

Every weekday morning, I answer the prompt: “My vision is .” Writing it down keeps me connected to what I’m building, rather than letting reactive tasks set the whole agenda. If you’re exploring the research linked in this post, you can also read this article published in PLOS Mental Health. My own reason for writing is simpler: it gives me a moment to remember what matters.

Prompt: “How did I move closer to my vision today?”

Female Founders Journal Deluxe Bundle: two stacked pink journals with gold cover lettering and a silver pen on top.

How Mindset Turns Setbacks Into Stepping Stones

Looking back, the moments I thought were failures became the foundation of resilience. Journaling helped me rewrite limiting stories into narratives of growth. What once felt like setbacks now feel like stepping stones.

That’s the full-circle power of this practice for me: disappointment can become a moment to reflect, self-doubt can meet evidence, and a busy day can still include one action connected to my vision.

Your Next Step in Building the Right Mindset

Founder-to-founder: mindset isn’t built overnight. It’s built daily, one win, one reframe, one vision at a time.

Start small. Try one of the prompts above, or get my 5-Day Confidence Prompts sent to your inbox, my treat. You don’t need to turn every setback into a lesson immediately. Give yourself a moment, bring a little curiosity, and start noticing what else might be true.

When you’re ready for a regular place to reflect, explore the Female Founders Journal Deluxe Bundle. Your wins deserve to be recognised, and your next chapter deserves more than that old story of self-doubt.