How do you cope with failure as an entrepreneur?

The most important aspect about acknowledging emotions is to accept them without judgement. Avoid judgement about what went wrong and why, and about the way you feel. It’s totally ok to feel angry or disappointed. Write about how you feel, or talk with a trusted friend. Once you embrace these emotions as if they were your friends, they will lose their strength.

Acknowledging human emotions is one thing but acknowledging that you have actually "failed" at something is entirely different thing within itself. In a play on words, the word "failure" just has never entered my vocabulary in my 32 years of work history or personal life. It's not a word I've never used or accepted but this kind of thinking was set-in early in life. So, the first step is a conscious mindset restructuring of accepting within your subconscious that: "There is no failure, only challenges." It's the challenges in life, that either in business or personal is what drives success and the joy of having lived through something. You never have to fail at anything if you believe in it compassionately.

La habilidad para cambiar las emociones (querer ver lo positivo) nos permite reformular los pensamientos. El mecanismo ante una adversidad es claro: dificultad, emoción, pensamiento, diálogo interno y ?huir, o esconderse? Son mecanismos ancestrales, poco útiles en la vida moderna. El primer paso de utilidad es asimilar la emoción, ya solo reconocerla, ponerle nombre y nombrarla en voz alta nos ayudará a asimilar su efecto. Solos o con ayuda, es el primer paso. A partir de ahí, los pensamientos internos serán más provechosos: no es lo mismo “he llegado a un callejón, no hay salida”, que “me he metido en un laberinto, voy a darle la vuelta”.

Acknowledge, recognize, and validate your emotions. Then, gain perspective by reflecting on what the failure has taught you and what can be learned from the situation. Use this awareness to correct and bounce back stronger.

As an entrepreneur, my response to failure is grounded in resilience and frequent mental resets. Failure is a formidable mentor, signaling when it's time to recalibrate and push forward with renewed strategies and mindset. Resilience for me is the backbone of this process—forged through setbacks and powered by the belief that each failure is a stepping stone to growth. It's about embracing the lessons learned, readying myself for the next challenge with a stronger, clearer vision. Entrepreneurship demands this tough-minded optimism to transform failure into a catalyst for success.

Take a step back and examine the entire journey from an objective perspective. Reflect on what went wrong and consider how things could have been improved. If you find it challenging to maintain objectivity, find a trusted friend or colleague to provide fresh insights and make the process smoother. This can help identify blind spots and uncover valuable lessons for your next endeavour.

Entrepreneurs never fail. They merely encounter inevitable obstacles on the path to success. They listen, learn, render, and repeat. Each cycle gets them closer to the mountain top.

To the points made earlier; If you are compassionate about what it is that you are pursuing, when things don't go your way---you will never lose your cool, play the blame-game, or spend time on the root causes of being "wrong.". There is no wrong or right. Only what is perceived to be. By keeping an open & dated check list (both within a physical notebook and a word / google document), retracing your steps and the thoughts you wrote down---will bring you back to earth to begin rethinking and restructuring the next plan of action. Again---another play on words---"wrong" ---Word use of "failure and wrong" is past due in being removed from our vernacular and dictionaries.

I don’t see errors as failures . I see them as opportunities to pivot and learn. Every time I have a mishap in my business I add a new policy or make a policy clearer. I had a person on my team who dressed very inappropriately for a client meeting. As a result , I share overtly what business casual/professional looks like by sharing a visual.

Check and analyze what went wrong, make another plan, and execute the plan. As we learn lessons from our mistakes, lets not do it again. Always focus on the goals to achieve success and greatness.

Reframing is my favourite exercise. If you're ambitious, it's very easy to see anything that doesn't go perfectly as a failure. But if you reframe the situation, you will realise that each "failure" is actually just another lesson. Not only do you get to improve, but you probably will find another opportunity. Without failure, you will never improve. Some famous businesses are built on failure. e.g. read the 3M story!

Situación real, de pensamiento negativo: “No he conseguido el trabajo. Nunca llegaré a nada.” Alternativa con mayor perspectiva: "Quizá no sea el lugar adecuado, veamos qué otras oportunidades hay para mí.” Posibles acciones: ?Qué podría hacer de forma diferente la próxima vez? ?Hay algún beneficio en el nuevo rumbo? Aprendizaje: Reformular los contratiempos como oportunidades de crecimiento.

You have to remind yourself that everyone was a beginner at some point in their journey. Having a growth mindset allows you to pivot past failure and try other methods obtain your goal.

Reframe Failure as Feedback Why It Matters: Joe Dispenza teaches that our perception of reality has a profound impact on our outcomes. Reframing failure as feedback is a powerful way to change your narrative from one of loss to one of learning. This shift in perspective opens up new possibilities for growth and improvement. How to Practice: Instead of seeing failure as a final setback, view it as part of the feedback loop in the learning process. Ask yourself, "What can this experience teach me?" This approach aligns with the idea that every setback is a setup for a comeback.

I had a great enlightenment while I was thinking about what would happen if I lose my job or the business I have started. And let’s say I have 0 bank balance. I come across an amazing answer. Here is the action plan: I have a phone and a laptop -I write down my niche -Find its sub topics -Find the pain point of the sub topics -Start solving the pain points of the one sub topic in one post on LinkedIn -Make a video related to it. -Start a newsletter -Make a digital course -Engage and connect with 100 people everyday. -Send cold DMs -Send emails -Start selling my course. -Look out for the content that is working and repost it in different words. Make it big like Lara Acosta and Justin Welsh

I realised how many great conversations I was having on a daily basis and how much I was learning from them. So, I decided to start making notes after every call. I would think about what someone said, and make some action points on what I could do to implement their great advice. As an entrepreneur, you are genuinely learning something every single day, even if you don't realise it. Sometimes it's nice to take a moment and self-reflect and develop those learnings into something meaningful.

Take Action on Your Learnings Why It Matters: Knowledge without action is like a book that’s never read. The insights you gain from failure are only as good as what you do with them. Tony Robbins asserts that decisive action is what separates successful entrepreneurs from the rest. How to Practice: Create a plan that incorporates your new learnings. Whether it’s adjusting your business strategy, enhancing your product, or improving your communication, make sure your actions are focused and deliberate. This step turns lessons learned from failure into tangible improvements.

It’s not enough to analyse the situation and reframe your failure as a learning experience. You must act. Understanding where you went wrong is one step in the right direction. Taking action does even more to propel you forward.

Celebrating the small wins is essential when you're running a business. There are days which can be incredibly tough and you forget why you are even running the business in the first place. It's also tough when you set really lofty goals for yourself and then don't achieve them. It doesn't mean you're a failure, but it just means you have some lessons from not making those goals. So, I love to celebrate any progress and all the small wins. It keeps me motivated and appreciative of everyone around me who have supported me too.

Mientras que el umbral para lo negativo es muy bajo, el umbral para lo positivo es muy elevado. Esto es un sesgo, solo vemos como positivas situaciones intensas, como un ascenso en el trabajo o que nos toque la lotería. Sin embargo, si vives con positividad, encontrarás diariamente situaciones para ser celebradas. Esto hace que nuestro umbral sea mucho más elevado. Cuando te pregunta ??qué tal te va??, descubrirás que tu reacción será: ?muy bien? o ?estupendamente?.

Sometimes, we're so focused on the future that we forget to celebrate where we are, even though we once hoped to be here. Don't lose sight of your current achievements as you work toward your goals. Celebrate your victories and use them as stepping stones for further success.

Celebrate Your Progress Why It Matters: Progress, not perfection, is the goal. Celebrating the small wins along the way fuels your motivation and builds resilience. It’s a practice often overlooked, but as John Lee suggests, recognizing your progress is crucial for maintaining a positive outlook and sustaining momentum. How to Practice: Set milestones and celebrate when you reach them. This could be as simple as acknowledging a successful meeting or as significant as launching a new product line. Celebrating progress keeps your spirits up and reminds you of how far you’ve come.

I would not be able to get through any of my tough days without my trusted network. Unfortunately, I don't have a mentor yet - I just haven't found someone who really gets what I'm about and have ridden on a similar path. So, I have friends who are running similar businesses, seeing the same struggles as I do. We talk openly and honestly with each other, continually offering support. I absolutely would not be able to do any of this without them. It feels like I've now got all the benefits of having a co-founder, without any of the downsides!

The word "failure" can feel like you've been defeated, never to be spoken in front of anyone, but failure is about perspective. Through my experience of working as an entrepreneur, failure has gifted me my biggest lessons. Whenever I travel somewhere new, I can always find more than one route to my destination. Some routes are direct and quick, whilst some routes are long and complicated. I apply this principle in my life and even if something didn't work out the first time, I can reflect and decide on new paths or amend existing routes to become easier. If you can remind yourself that there is always more than one way to reach your destination, you'll start to view failure as a helpful detour.

did we all remember how many times jack ma was being rejected , discriminate with his journey before he accomplish to have Alibaba. there is no failure entrepreneur. there is only ignorance entrepreneur to fail by him or herself. Without knowing the flexibility, the resilience cannot move forward to drive with self sustainability. but ensure we learn from all successful entrepreneur with their emotional currency.. look up Richard Branson. and other. they are all resilience and aspiration for us.