(c) Can Stock Photo / alphaspirit
Today we are going to discuss how the entrepreneurs handle failures. Of course failure is something that most of us do not really like but there is no other chance to handle failures rather than to just accept and decide how to handle it. For entrepreneurs seeing that they have failed can be a lot harder than it is for people from other spheres. The thing is that entrepreneurs think of their businesses as of their babies and it is really hard for them to accept that there can be any failure there. Entrepreneurs invest all of their energy, their money and time in the business and of course failure is really painful. However, people have different characters, different personal traits and therefore failure is something very personal that most of the people take it very differently. Sometimes people think that the entrepreneurs are absolutely fearless and they just do not think about failures at all. This is really not true because if you ask most of the people about what they fear about, for sure they will tell you that their biggest fear ever is the fear of failure.
Now, there can be two types of entrepreneurs when it comes to how they handle the failure. Some of them become desperate, disappointed and they do just clear it cut that they are not going to take the role of entrepreneur again. These are the people who do not have enough courage to start it all one more time and again. Another problem when it comes to this kind of entrepreneurs is that actually it shows that do not have very good will and if they give it up that easy than most probably business is just not their thing. So as you can see it is really hard to make these kind of entrepreneurs work properly because their fears are just way too much.
Now the second type of entrepreneurs when it comes to handling failures is that actually they become even more goal-oriented. These people have strong will and they will just try to do their best in order to avoid all the mistakes that they have committed and will simply move on and try not to fail next time. These people usually have a better analytical way and there are some points that they pay attention to. So what are these points?
They accept failure as a motivation to do better and they think that success does not come after failure. When it comes to love we very often say that love comes after heart break. The same is with business. Very often you have to taste the failure and then only the success. Life is just made like that. Sometimes you are down and sometimes you are up. This is how this kind of people take failure as and it does not mean that they are done with being an entrepreneur
Another thing when it comes to failure is that with every failure the entrepreneurs learns something important and why he or she learns it, the lesson goes to somewhere there in the brain store and at the end it makes you a very experienced entrepreneur who will not fail at the end for sure.
Another thing here is that actually every next failure is much easier than the previous one. The entrepreneur already knows how to deal with failures and therefore he or she will take it as a wise lesson and not as a tragedy.
And overall this kind of entrepreneurs think that failure and quitting are not to be associated with each other. This is how the really born entrepreneurs think. Failure is failure and they take it as another step, as another chance to go further. This shows that the person is a real born leader and in this case business is really your place.
As you can see, there are two types of entrepreneurs when it comes to handling failures. The first group goes back and the second one goes ahead. If you are handling a failure in business and you do not know what to do, actually you have to understand this one simple thing, that you belong to one of these 2 groups and there is no other middle choice. You have to be bold and decide other you back to where you started from and you give up all the business ideas or you take failure as another challenge for you and you fight for the name of being an entrepreneur. Deciding to fight for being an entrepreneur does not actually mean that you will have to continue working in the same way and see what happens. It means that you have to change some certain things in you working process and fight like that.
