The Paradox of Progress: Embracing Failures

Progress is not always a straight line, as it may seem. After interviewing entrepreneurs from various industries on the Doers Within Us Podcast, I've come to understand that progress is often a complex and winding journey. It's all about having the right mindset and maintaining a long-term perspective on yourself or any project you're working on.

In some ways, true progress often involves setbacks and lessons that propel you to the next phase of your chosen path. This is why I see it as a 'paradox' - progress requires setbacks and false starts to move forward. As entrepreneurs, we're always expected to make significant strides that meet certain Key Performance Indicators (KPIs) that have a positive impact.

However, beneath these challenges, many entrepreneurs face daily and weekly hurdles that can cause these KPIs to fall short or become negative, either due to the nature of the business or unforeseen events. Nevertheless, this process is valuable for meaningful progress. Progress is made when you encounter setbacks and roadblocks, as they can help you redirect and refocus on your long-term goals. Therefore, progress is designed for long-term perspectives, and setbacks are an inherent part of that perspective - hence the "paradox."

For all small and medium-sized businesses, as well as entrepreneurs at WECO Africa and across Africa, and in emerging markets, we encourage you to embrace setbacks as a necessary part of progress. It's the only way forward; without challenges and setbacks, there can be no real progress. Embracing setbacks and learning from them is an essential skill to master on your entrepreneurial journey.

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