How to confront failure - iVirtual Business Services

“Success is the ability to go from one failure to another with no loss of enthusiasm.” This is a popular quote that is used to define success and it is attributed to the great Winston Churchill, who was no stranger to both failure and success. In the quote, there is no success without failure. The two go hand in hand, however, failure typically has a negative association when used in general conversation.  But it doesn’t necessarily have to be negative. At iVBS, we believe that failure can have positive value for business owners and entrepreneurs. It really depends on your mindset and your perspective. Here’s some tips for when you confront failure.

Fear

Fear of failing is something that all of us have. All of us have egos and all of us fear bruising our egos. That’s why some people never fulfill the massive potential they have. Fear of embarrassment or public opinion can paralyze individuals from making decisions that benefit them over time. Ultimately, as humans, we have to do things that we fear in order to grow. Fear is the glass ceiling that prevents you from actualizing your dreams. Accept your fear and recognize that it is integral to finding out who you are as a person. Take the first step towards confronting failure by accepting it for what it is.

Failure is not final

An important part of overcoming failure is to remember that failure is not final unless you let it be final. When we fail at something, it’s easy to allow negative self-talk to pervade our future endeavors. It’s critical that you prevent yourself from wallowing in the mentality of “I’m not good enough, I

wasn’t good enough last time so I’m not good enough this time” Failure can be a self-perpetuating cycle and only you have the ability to break the cycle of negativity. When confronted with the prospect of failure, realize that it is a learning opportunity. Failure is only final if you continue to repeat the same mistakes over and over.

Resilience

Overcoming failure is dependent on the ability to “bounce back”. Barbara Corcoran, of “Shark Tank” fame, once said that she noticed that there was one difference between salespeople that make $40,000 and $80,000. That difference was the ability of her $80,000 sales team to stop feeling bad about screwing up a sale and moving on to the next one. That type of determination is not as common as you would think, but if you learn it, you will have a great advantage over others.

All entrepreneurs and business owners will have to confront failure. It is the gatekeeper that prevents you from continuing your entrepreneurial journey. Accept it, overcome it, and bounce back from it. I’d love to hear your experience with failure so please submit your stories either by email or in my comment box.  If you’d like to discuss some strategies on overcoming failure, please don’t hesitate to schedule a Free 30 Minute Consultation with me on my time trade schedule!

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