September 29, 2016
Whenever we start a new business as an entrepreneur we put more than your money and reputation on line. We put our heart and soul at risk too. When we succeed there is no workplace elation that can compare. But when we fail - many of us do its almost crushing!!
But, fortunately, failure can also provide us new opportunities.
Everyone has different coping method when they fail as startup. Some quit the idea itself ,while some put their whole efforts to come back in startup. So, different people have different ways to handle their success or failure. But one thing is common that everyone ,sooner or later wants to redeem themselves and transition failure into success. But most of us don’t know how.
When you start a business, you read and learn everything that it takes your business to be successful. We will learn from past what worked and would apply in future to gain benefits.
The very same approach you have to take while converting your failure into success.
Here are some ways how you can bounce back strong-
Take a break
The pain, the burnout is real when you are coming off the failure of your business that you threw your life into. In that case you need a break from your surrounding, from this feeling. For some it might mean to take a trip to some unknown place ,between unknown people and explore new things in life. For others it might mean to give a break to the idea of starting of your own business and get into something which don’t let them feel burdened. So whatever option you choose its always necessary to take break and rest to put the things into the right place again.
Own and admit your mistakes
Its important to openly accept any mistakes and failures on your part , otherwise you won’t be able to recover them. There is no point of hiding the fact that you played a big role in the failure of your business. Rather than blaming others or the circumstances or the choices you made, its important to recognize your mistakes and where you lack, so that you can make better choices in future and get better lessons for future.
Hold your Confidence
Failure - specially when it left you in financial crisis can shake anybody’s confidence level. But remember your optimism and confidence are key fundamentals of a successful startup. Don’t lose faith and enthusiasm for your ideas. Remember Steve Jobs? He was fired from the company he co-founded for his mistakes. If he had ever lost his confidence we would have not being talking about him right now. Remind yourself that you have strengths to rely on and weaknesses to improve on. Everybody falls down at certain point of time. That doesn’t mean you are left behind and cannot still pick yourself up and run a marathon. For growing your business online visibility, seo companies in noida can help you.
Learn your lessons
If you learn nothing from the experience you won’t find a way to get out of the failure. Its important to analyze every little mistake you made and every little thing you could have done better. Don’t dismiss or chuck your failed experiment. Write down and learn and remember everything you know you could have done better. It will inspire you to be a better entrepreneur next time .
Enjoy a new beginning
Fear of starting over can be crushing for some entrepreneurs. Worked so hard to build a successful business from scratch, finding yourself at the dead-end can be disheartening. Often, though, it isn’t. The thrill of setting out on a new adventure is what drives many to be an entrepreneurs in the first place. So, try not to think of starting over as a setback, rather see it as an opportunity.
Whatever you loved about building a new business - the anticipation, the excitement, even the stress - is all new journey again. Let yourself enjoy it, have confidence that you are a smarter, tougher entrepreneur today than you were the last time.