Pick yourself up
Businesses sometimes stumble or even fail. It’s a risk of which every real entrepreneur is acutely aware. As I’ve written before: “By all means identify and manage your risks, but don’t be paralysed by them. If you’ve got an idea or a dream, En avant - get going!” But what do you do if you suffer a business failure. Business Pundit has some wise words for when it all goes pear-shaped:
Focus on the Positive Things that Were Accomplished
It doesn’t matter how long you were in business every business has had bright days. It could have been new contacts and partnerships. Patients for products that you know can work. Systems that you developed and implemented. Perhaps, it was the day or week you reached records sales.Ask The Hard Questions
Why did it fail? Was it poor planning? Was there lack of knowledge of the market? Did it come down to personnel? Maybe it was the wrong sales strategy. Whatever it was, as an entrepreneur asking the hard questions will help get away from the blame game and addresses the facts, both good and bad.Learn and Move On!
Entrepreneurs can be extremely strong-willed individuals. It’s because of that they experience success and reach their goals. However, the one thing that separates them from others, is that the fail, learn and move on. Often times it’s in the same type of business and same product: just a new approach.
Great advice. I’d add: listen to constructive criticism, and tune out the sneerers and those who demand perfect success every time, but never risk much themselves. They have little of value you need to hear. As the song says, “Pick yourself up, dust yourself off, start all over again.”
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