The entrepreneur’s life and journey are quite chaotic. It’s rarely smooth, steady, or predictable. False starts, setbacks, and wrong turns are bound to occur early and often.
“Failure is delay, not defeat. It is a temporary detour, not a dead end.” ― Denis Waitley
“Failure is another stepping stone to greatness.” ― Oprah Winfrey
“I can accept failure. Everyone fails at something. But I can’t accept not trying.” ― Michael Jordan
After coaching and consulting for hundreds of business owners and early-stage entrepreneurs, it’s become clear that elite entrepreneurs expect and embrace failure. I’m not advocating that they look forward to and enjoy failure. Rather, they have reframed their mind to look at failure differently. Top producers recognize that imperfect action, experimentation, iteration, and refinement are necessary to achieve success and sustained profitability.
“We need to accept that we won’t always make the right decisions, that we’ll screw up royally sometimes – understanding that failure is not the opposite of success, it’s part of success.” ― Arianna Huffington
“Those who dare to fail miserably can achieve greatly.” ― John F. Kennedy
“The greatest glory in living lies not in never falling, but in rising every time we fall.” ― Ralph Waldo Emerson
Industry leaders are the ones that push through the uncertainty and short-term failures they face. Business owners that convert setbacks into opportunities and constantly keep going forward rather than dwelling on their negative outcomes are the ones that dominate their competition.
“Our greatest glory is not in never failing, but in rising every time we fail.” ― Confucius
“Many of life’s failures are people who did not realize how close they were to success when they gave up.” ― Thomas Edison
“Develop success from failures. Discouragement and failure are two of the surest stepping stones to success.” ― Dale Carnegie
The most successful entrepreneurs are the ones that view failures as unavoidable and temporary. They identify where their approach went wrong, often with an independent business advisor or coach, and they constantly learn from their mistakes and disappointing results. Thus, they are able to quickly adapt and pivot to improve and de-risk their situation going forward.
“You can’t let your failures define you. You have to let your failures teach you.” ― Barack Obama
How do you respond to the fear of failure as you run and grow your business? Please comment below.
Thanks for your continued readership and interest in RevSherpas. Make it a productive and profitable week!