Strategies For Overcoming Failure And Bouncing Back In Entrepreneurship
Strategies For Overcoming Failure And Bouncing Back In Entrepreneurship – I am no exception. My coaching habit book has sold over a million copies and is the best-selling coaching book of the century…but it took three years of rejected offers.
Every time I thought we were going to publish a book, publishers shut me down. It got to the point where I was very close to giving up on this new book idea I had…and possibly the whole book writing thing.
Strategies For Overcoming Failure And Bouncing Back In Entrepreneurship
But after each failure and some time spent licking my wounds and feeling sorry for myself, I came back to pick it up again. After the sixth time a publisher said no, I decided to self-publish. It changed everything, but I wouldn’t fail one after the other.
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Achieving any goal means failure—sometimes a lot. But how do you succeed and fail?
When I try something new or feel like I’m failing, I like to do it on a scale of conscious competence. It is a model for understanding the four different psychological stages involved in learning new skills.
This is called S-following, as the learner moves from skill to skill and so on. a cyclical visualization of the journey.
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You see, every time you reach the top of S-following – unconscious competence – you plateau.
Now is the time to embrace failure and become a learner again. Otherwise, you may miss all the opportunities for personal development by sticking to your own competence.
After all, it is difficult to go abroad. This opening act is no easy charge to the roaring success of the crowd. However, challenges help you unlock your potential, encourage personal growth and achieve your best results.
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The well-known design company IDEO has a slogan that I like: fail faster to succeed faster. Accepting failure quickly is believed to be the fastest way to success.
I want you to change the way you think about failure. Realize that stumbling is expected as you navigate a new path. If something goes wrong or you need to start over, this is a normal part of the process.
Instead of seeing failure as a burden or a warning sign to quit, see it as a call to courage and improvement. Getting started is a great gift, an opportunity to reflect on your work and yourself.
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Failure is easier said than done, I get that. But a good way to change your physical and mental failure is through your posture.
, Boston Philharmonic members Ben and Rosalind Zander told the students, “How lovely! when you make a mistake, raise your hands as loud as you can.
Why? Because failures are learning opportunities, and the trick is to understand that this too shall pass. Also, gesture moves your body. It instantly changes your chemistry, making you more interested and away from suffering.
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“Enough conditions” is an idea my friend Jen Lowden taught me, and it has changed the way I view success and failure.
Too often, success is thought of in terms of black and white. You either succeed. And when it succeeds, it is possible to reach the next path. It’s easy to take control of your life when you’re chasing your next win.
What do you want to achieve and what will be enough for you? Resist the urge to think in binary terms and consider the space between “failure” and “success” as a spectrum.
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Moving toward a worthy goal is like flying across the galaxy in a rocket ship. No matter where you’re going, you’ll pass through the gravitational pull of planets, stars, and even asteroids.
It is important to know that these failures will happen. Strategizing for failure, anticipating setbacks, and thinking about how you can avoid flaws in your plans keep you moving when you encounter asteroids.
I admire the US military’s “after-action review” process. After each successful or unsuccessful session, they form teams and ask each other a few simple questions without humiliating each other.
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They ask, “What happened? What did we expect to happen? What did we learn from it? What should we do now? What should we do next time?”
Incorporating this discipline into your life is a powerful way to create more learning moments for yourself and those around you. This helps you gain valuable information from the situation, so you can always move forward with a little more knowledge.
6. Remember, this too shall pass “Once upon a time an Eastern monarch asked his wise men to devise a sentence that would always be clear to him, always true and appropriate in all situations. They said to him, “This too shall pass.” How expressive! In a proud hour how orderly! what comfort in the depths of suffering!-Abraham Lincoln
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I love the phrase “This too shall pass.” It’s an invitation to look at the bigger picture. When things go well, it reminds me not to get ahead of myself and to stay humble. When times get tough, they help you understand that you won’t be bad forever.
In fact, difficult times are opportunities for growth. Remember, you can feed off the emotions associated with failure by becoming tired and malnourished.
I mentioned above how the US military conducts reviews without humiliation. I recommend that you do the same by focusing on the principles of nonviolent communication.
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Often, when analyzing a situation, our minds focus on few facts and many opinions and judgments. These feelings often seem like truth to us, but they are not. In fact, anxiety monsters can spin all sorts of lies that undermine our confidence and self-esteem.
Nonviolent communication helps you sort through all the noise around these feelings, separating what is right and wrong from your judgments and fears.
With that in mind, “What are the facts?” is useful to ask. “What evidence?” after failure. This is a great way to take the next steps towards your goal.
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When venturing into uncharted territory, building a fantastic support system of family, friends and mentors is more important than ever. Indeed, no man is an island (except the Isle of Man).
However, choosing the right combination of aids will help you reach your goals faster. I don’t think you’d put together a band with four bass players and no drummer or vocalist.
In my book How to Get Started, I discuss four archetypes that will help you achieve your worthy goals. Each archetype brings a different energy. You probably already have one or two of these energies, but some will require you to reach out to the people around you:
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If you want to strengthen your support network, I recommend joining our online community. It’s where people like you and me come together to pursue common goals, share ideas, and turn failures into learning moments.
9. Think about rewards and punishments “Winning doesn’t appeal to him. Such is its development: a profound defeat by greater and greater things. – Rainer Maria Rilke
When you’re afraid of taking risks or holding back because of failure, you can reclaim your power by asking yourself: What are the rewards and punishments for not doing this?
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Each choice has rewards and punishments. The biggest reward, of course, is security. If you don’t try, you are in control and you cannot fail.
But the penalty for choosing the status quo is that you won’t discover your greatness. Indeed, change cannot happen without action. You’ll likely remain stuck in a predictable plateau—comfortable now, but sacrificing the impact and satisfaction you can create in the future.
As they say, what is easy now will be easy tomorrow and what is difficult now will be easy tomorrow. With this in mind, I now want you to consider: What are the rewards and punishments for my actions?
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This exercise allows you to recognize the benefits of being bold while acknowledging the possibility of failure. In many cases, it helps people realize that they are taking catastrophic risks in trying new things and underestimating the inner nourishment they need to make their dreams come true.
Failure is never as final as it seems. When you are engaged in a worthy cause, you will be afraid and face difficulties.
But every challenge—every failure—is a gift. It’s an opportunity to expand your horizons, enrich your possibilities, think bigger, and get closer to meaning.
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