Author Topic: How Successful Entrepreneurs Handle Failure (Read 1848 times)

Mature · « **on:** »

There are many differences that separate the winners in business and life from those who are struggling and falling by the wayside.

One big difference is how they handle failure. Successful entrepreneurs have a positive mindset around the experience of failure.

When they fail, they look at it as a result. They took "x" steps and produced "y" result. "Y" didn't work, so it's back to the drawing board to change the formula and try again.

Many new business owners don't make it out of the gate because as soon as they fail, they figure, "Who am I kidding? I knew it wouldn't work" and then quit!

If everyone had that mindset, we wouldn't have electricity, airplanes, vaccines ... actually, we'd have pretty much nothing!

Every single success in this world was preceded by one, two -- a thousand failures!

Babe Ruth set a record for the most home runs. Did you know he also had the record for the most strikeouts?

Thomas Edison failed more than a thousand times before he perfected the light bulb.

If you're not failing, you're not pushing yourself enough. You are remaining in your comfort zone and cannot expect to reach the level of success you're capable of.

Failure is what allows you to learn and grow. If you quit as soon as you meet with failure, you will always remain exactly where you are.

Albert Einstein once said, "You cannot solve a problem with the same level of thinking that created it."

And, "The definition of insanity is doing the same thing over and over again and expecting a different result."

What these statements teach is, in order to overcome failure, you must think differently and act differently. It is what separates the ordinary from the extraordinary!

You might have to seek out guidance from someone else who can offer the expertise you need. You may need to inject new perspectives and talent by forming a team around your project.

Fear of failure is one of the biggest obstacles that hold new business owners back. Failure should not be feared, but embraced because a life lived in fear is a life half lived.

If you're stuck and unable to move forward because of fear of failure or because you have failed in your previous attempt, bring someone else into the mix to offer support and guidance.

Tweak your plan and give it another go.

Engrave the words of the following masters into your mind and never, EVER give up.

Anyone who has never made a mistake has never tried anything new. - Albert Einstein

He who fears being conquered is sure of defeat. - Napoleon I

Problems are not stop signs, they are guidelines. - Robert Schuller

Cokoye · « **on:** »

Webm · « **Reply #1 on:** »

Well and inform post, this is quite refreshing. Nice to read.

Cokoye · « **Reply #1 on:** »

Mature · « **Reply #2 on:** »

You see when were kids, whenever we play, we use all manner of things to carry out our acts, if rubber doesn't work, we use iron, if that doesn't work, we use stick until we get what we want. As we grow old we tend to forget all these without known this is the way life is configured.

Cokoye · « **Reply #2 on:** »

Subject / Started by	Replies	Last post
Successful Business Entrepreneurs Started by Mature BUSINESS AND ECONOMY ENLIGHTENMENT	1 Replies 1253 Views	by Suddenli
How You can Handle Residential Relocation 30 Days Before Started by anubhav2012 ADVERTIZE FREE	0 Replies 727 Views	by anubhav2012
How To Handle Your Hip Joint Started by Milnrmanteyi ADVERTIZE FREE	3 Replies 1581 Views	by buqsuronlt
diagnosed with kidney failure, still treating it, next thing liver failure! Started by martina FAMILY and HOME	0 Replies 1102 Views	by martina
HOW DO YOU HANDLE THE COSTANT HUNGER FOR SEX? Started by Gloria Girl RELIGION	0 Replies 747 Views	by Gloria Girl

Cokoye

Join over 140k discussions or create one FREE

Cokoye is an Africans forum with over 500k members where people freely discuss issues. Register now to Join or start discussions FREE.