Dear Entrepreneur, Failure Shouldn’t End Your Journey

By Soko Directory Team / June 26, 2020 | 8:44 am




By Erica Nsunjo

Business owners tend to completely get lost in case failure hits them, many end up breaking down and shutting down their businesses.

An entrepreneur must be aware that failure is part of success but failure doesn’t mean you are a loser, failure is meant to be accepted, embraced, and dealt with.

The moment an Entrepreneur fears failure then your journey is to have absolute loopholes, as a business owner you must always be prepared to face these challenges, have a plan B.

So many Entrepreneurs haven’t realized that it’s ok to fail, it is ok to have a setback, these setbacks make you Goals and targets even stronger. What you must focus on is better and analyzed come back.

Overcoming failure is all about finding it in yourself to start again. First, you must overcome the sense of failure. The failure of a project or other goal might initially overwhelm you but acknowledge and accept that you can do better.

As an entrepreneur you must always be optimistic, this will help you form a new plan without setting yourself up for failure. Remember, your long term goal is resilience, the ability to adapt and thrive. Each failure is a chance to grow stronger and wiser.

How to Deal With Failure.

Acceptance

Because failure cannot be escaped regardless, then we must all learn how to accept and deal with it. The more you try to push harder because you fear the fact that you have failed, then the more you will crush your business slowly by slowly.

Acceptance means getting your team to analyze the root of the problem, look at the favorability of the environment, do you have any possibilities, should you make any amendments, basically it is all about re-drafting another proposal on how to work even better.

Acceptance of failure is Opening up, accept the setback and throw an open discussion with your team, brainstorm and expose yourself to even better ideas, do not give a mere set back the chance to ruin what you and your team have built.

Acceptance is wearing off your shock of disappointment, take time to dive into not being a carrier of self-blame. Do not let yourself get completely lost in denial to accept that you can plan even better, a business is meant to be straightened all the time.

Consultation.

When you fail, you completely run out of ideas on how to get your business out of that mess for continuity, but you do not have to crush it, Consult from other successful entrepreneurs, they have been there so yes, they know even better.

Some entrepreneurs let their Ego get in the way of their success, the fear the open up on failure puts your ego above the success of your business, do not let it. Sometimes the people we tend to undermine have brilliant solutions to some problems, so yes, consult anyone you find. It could be your office cleaner, it could save your business.

Many entrepreneurs have that tendency of never wanting to learn from others, Many think they can solely stand up to every hindrance during their entrepreneurial journey, but failure should be a lesson that brings you to look into other’s ideas.

Failure sets back your business and it could collapse minus even proper notice therefore ask questions about issues overboard, If there are business-related debates to the issue you faced, engage, consultation exposes you to greater insight.





About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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