Having taken the lead, Wolves fought hard and held onto it into half time; McCarthy will have stressed the importance of using that lead as a platform in the second half. Come what may, he must have told his players that taking at least one point was of utmost importance. Only a week ago they lay in a similar position - only to give it all away.
Unfortunately, some defensive naivety and the introduction of Spurs sub Alan Hutton produced three second half goals for the home side that ended Wolves' unbeaten run and saw the side slip down the table to 15th. It's not a loss that will define their season, but the repercussions of losing two consecutive games from winning positions could be damning for the West Midlands side.
The real worry comes in the form of the loss of confidence. There are some extremely important games not so far ahead - namely at the DW Stadium and when West Ham visit Molineux - and taking some confidence into these games is paramount. If Wolves were to take all six points from these two games, all will be well; McCarthy wouldn't be overly unhappy with four points, but any less would be cause for concern.
In between now and then, McCarthy has to take his side to Villa Park for a West Midlands derby. Wolves will never just roll over, but Villa are a tough side to beat at home and with talents such as Stewart Downing, Ashley Young, Gabby Agbonlahor and Richard Dunne, it's a tough ask for McCarthy's men.
A small reprise comes in the form of a home tie with Notts County in the League Cup on Tuesday. We can only assume that Mick will use similar tactics to those against Southend in the second round - a mixture of youth and experienced fringe players; allowing him to rest more important players for the weekend.
Over the next few weeks McCarty has to keep the players focused and spirited through these tough times, otherwise he and his team could slip further down the table and find themselves in an impossible position that may lead to their fall into the second tier once again.
Disclaimer: The views in this article are that of the writer and may not replicate those of the Professional Footballers' Association.