Sunday, July 7, 2013

No Such Thing As Failing, Unless You Quit

Most entrepreneurs know that success isn't measured by simple "win/lose" standards.  If you are a newbie to the entrepreneur club, knowing this and keeping it in mind will ultimately enable you to actually succeed.

I have not read any story about a successful entrepreneur (or even businessperson, for that matter) that hasn't had some, or many, setbacks in their career paths.
Here is tip # 1: Use these setbacks as a learning experience. Put them in a journal marked "What Not To Do".  Then, put down the steps you are taking/took to resolve this setback. This will help ensure that you do not repeat.

Tip # 2: Use it as motivation.  Starting a business is a tricky thing. All the business books/blogs/articles in the world will never fully prepare you for the real world of business. You need to be motivated to succeed, and the only way to succeed is to not quit. The only way to not quit is to be motivated. Having setbacks might seem demotivating, but really, they can be useful. 

How do you use a setback as motivation? You keep the reasons you started the business in mind.

Along the way, there will be road blocks, speed bumps and others actually trying to ensure that your success is not met.  Ignore those people. Let them spend their time trying to stop you, rather than on their own business. In the long run, they will only be hurting themselves.