I dropped my coffee so I'm going to Fail
Phil Bedford
International Speaker | Bestselling Author | Networking Strategist | Helping Businesses Close Deals Through High-Impact Networks
Finally, one of the most common unrealistic expectations an entrepreneur can have isn't necessarily "My business is going to make me a millionaire." Although there are a handful of people out there who think that they can accomplish a lot more than they reasonably can with their business, it's far more likely that you'll tell yourself that you're going to fail whenever something small goes wrong.
Ultimately, running a business is hard. There's a good chance that you might not achieve the success that you're aiming for. However, if you go into your life as an entrepreneur expecting to fail, then you're going to end up creating a self-fulfilling prophecy. Making sure that you have the right mindset as a business owner isn't about telling yourself that you're definitely going to win or that you're going to lose.
Instead, you need to be willing to take each up and down in your company as it comes and roll with the punches. Accept your failures and learn from them and tell yourself that you always have room to improve and get better. Stay positive but be prepared for anything. That way, you'll be ready to tackle the topsy-turvy world of the startup.
Associate Director - Corporate Services I Corporate structuring I Market Entry I Company Incorporation I Foundation & SPVs I Holding Companies
4 年No Doubt.
Strategic C-Level Hospitality Leader, Advisor & Operator | Luxury Hospitality - Food & Beverage Specialist & Concepts Developer | Business Startups | Re-Branding & Re-Flagging
4 年I am a fond believer that without risk there is no progression in life. There's this trial by fire idea," If you get started in a recession, you really have to scrape and scrimp to make your company successful. You are trying to make it when you can't get financing, and trying to get customers when there isn't any demand." We are certainly in a downturn again now, as a result of coronavirus and the subsequent lockdowns around the world. The World Bank predicts that the global economy will shrink by 5.2% in 2020, its worst performance since 1946 and the aftermath of World War Two . But as history shows, successful businesses can be born in tough times. Could there be promising start-ups from the entrepreneurial class of 2020 that will go on to become household names? Why not? More new businesses are certainly being set up despite - and as a result of - coronavirus. In the US alone 67,000 applications were filed to set up new companies in the last week of June That was a 21% rise on the same seven days in 2019. Whereas from 2018 to 2019, the figure for that week declined by 3.3%. Positive signs are everywhere. Keep a strong focused mind. Stay above mediocrity. Trust your guts! Believe in your dream and make each day count!
CEO & Founder Zeke Trolleys
4 年I believe that Phil. What I feel is that business is like a world with all seasons as humans we are prepared for the rains and take precautions and are prepared for it. Because we know its never going to be always Sunny,its not like been negative but carefull because this time you are not alone but your employees ,factory workers which is your extended family is depending on you on this rainy days. So I think we just need to positive and take small positive steps towards a better future for all.
Luxury Headshot & Portrait Photographer | Helping Sales Leaders & Professionals in Fintech, Legal & Finance Sectors to Shine Bright | Master of Expression Coaching & Authentic, Confident, and Impactful Images.
4 年Excellent point Phil Bedford. It is so easy to think the world is against you - especially if you're seeing coffee stains everywhere LOL. When you're running your own business it really is beneficial to be around positive people, and to try and avoid the "Marvin the Paranoid Android's" of the world.
Hospitality Design Expert | Founder, Table & Beyond | Enhancing Guest Experiences Since 2005 | Managing Partner | Schedule a Design Consultation with us
4 年Nice Article Phil Bedford , resilience is one of the most important qualities a business owner has to develop. And more important also the long term vision and believe that it will be reached.