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Posted by on Oct 8, 2013 in Business, Solutions & Strategies | 0 comments

Entrepreneurial Failure – Get Used To It

Entrepreneurial Failure – Get Used To It

To become a successful entrepreneur you have to learn, how to deal with failure as there is no way out. You may have heard about Thomas Edison, if not then let me tell you that, he tried over a thousand different experiments before he finally demonstrated the first incandescent light bulb on October 21, 1879. The failures far outweigh the successes, but as soon as you stop failing, you have stopped trying to innovate. thats the nature of being an entrepreneur, and of success in general.

  It is naive to think that every good idea that you have will result in a successful business venture. I have yet to hear an entrepreneur say “every single idea I come up with seems to work.” More likely, you hear something like “I failed at my first five businesses before this one took off.”   Always Remember that

“If it was easy, everyone would do it.”

  Think about that for a second, five businesses. Sometimes the number is three, sometimes its 20, but the important point is that most entrepreneurs do not become Successful with their very first venture. It really does amaze me – how many people have the stones to fail five times and still start with a sixth venture? You have to be extremely confidant and also have to consider those five times failure, as a learning experience for the sixth. And if number six fails, you have to do the same and move on to number seven.   The most important thing is how you deal with failure. Once you accept that it’s unavoidable, you are able to learn from your mistakes and move on. It’s easy to let the failure consume you – not so much because you are pessimistic, but more so because it is hard to see something that you poured your heart and soul into be ignored or rejected. As soon as possible you need to come to the realization that your business is what they are ignoring or rejecting, NOT you. The sooner you do that, the sooner you can realize how you failed and learn the things necessary for improvement in the future.   Failure isn’t easy and is extremely frustrating, but it’s a necessary part of success. Don’t believe me? Ask Thomas Edison! Ok, asking Thomas Edison might be a little tough, but you get the idea!   Image Courtesy (Depressed Business Man) of David Castillo Dominici / Article Courtesy:

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