Some entrepreneurs move from success to success. Everything they touch turns to gold. They start a business on a dime and success rolls in, wave after wave. They hardly breathe and they start another business. Effortlessly.
The majority struggle. Even the smart savvy ones can plummet to the bottom. Sometimes a business just doesn’t work. The persistent ones are like a phoenix rising from the ashes, failure is the impetus for an entrepreneur to be reborn, to find a new direction. Here are some ways to pick yourself up.
- Ask for help. It takes courage to let people know you’re struggling. Reaching out is a sign of strength, it exudes confidence that you know what to do, just not how. Your business friends might be able to help get you back on track. In today’s interconnected world it’s easier than ever to engage with others and meet people who can assist.
- Find a mentor. Seek someone who can meet with you and offer guidance. Or find an indirect mentor, like an author or historical figure you admire. Everything in your life can be a mentor: learn from every experience that comes your way, every connection, every encounter – they will help you define how to proceed.
- Hold on to your dream. You might have to modify it, but don’t let go. Think about what you want, what motivates and interests you. Obstacles will tempt you to quit the entrepreneurial path, to scurry back into the hills and grab that 9 to 5 job. But ask yourself, where do I want to be? What is my vision and how do I build the future I want? Vision is key. If you don’t know where you’re going, then how will you know when you’ve arrived?
- Take action. With your vision back, move on it. Develop a roadmap and follow it. Know what is in your control and what isn’t, and move forward. Network with 5 people a day. Try new things, experiment, have fun. Take a workshop or class. Prioritize your tasks, create a to-do list. As you progress, figure out what energizes you and build upon it with more action. Any time you hit a wall, develop an action plan and keep moving forward. Expect failure along the way, it happens. Learn from it and move on.
Keep going. You can do this.
By Charlotte Hofer