Dear Entrepreneurs, It's Okay To Fail
Entrepreneurs live in an era where failure is seen as an unacceptable event. Where getting the "bag" should be all they talk about, and not the failures and woes that come with running a business. Some Entrepreneurs who have had successful years of entrepreneurship tend to think that failures can be outgrown, forgetting that failures don't respect your age, race, intelligence or years spent in the business world.
It's inevitably a part of life, so quit thinking you were singled out to fail.
Truthfully, in a world where faking success is common, it's dangerous having the mindset of it not being okay to fail at some point in time. Many great entrepreneurs we see standing strong today went through series of failures, and some are still failing, but people only remember them for their giant strides because they didn't throw in the towel on life during their down moments.
I'm not comparing you to them, but it's always good to make reference to entrepreneurs who have fought the same battles and conquered.
Losing big clients, failing to get deals, losing court cases and a whole lot of things can push an entrepreneur into depression. Other causes of depression in entrepreneurs as stated by Prudy Gourguechon on Forbes are high-stress life, enormous uncertainty, exhaustion and risk of humiliation.
To avoid dwelling on failures which lead to depression, here are few things you can do.
1. Build a world outside your business(es)
When the only world you believe you have is gone, the next thought that's likely to come to your mind is going with it. This is why entrepreneurs are advised to build a world outside their businesses. When failure comes hitting your business hard, you should have other sources to draw joy from.
Building a business to the point of neglecting friends and family, isn't a healthy thing to do. A business should be a part of your life and not the whole of it. People who never survived heavy business blows were mostly those who trapped themselves in their businesses.
Your business shouldn't be your shield when something isn't right in your family. Take time to settle any beef you might have with friends and members of your family. You'll rarely see any successful businessperson who isn't at peace with his/her family.
Plan and go on vacations with your friends and family, because your business success can not measure to the happy moments you shared with the people that truly love and care about you.
2. Success isn't a destination and so is failure
Failure as painful as it is, is still part of life's learning processes. As such, it should be treated like every other bend in life's journey and not a final destination. It's normal to regret, cry, feel sad, shut people out for a short while, but it's never okay to end it all because you failed.
I don't know how many years you've put into that business to make you think there's no getting back up from that situation, but I do know that failure isn't final. There's everything to fight for and failure should serve as a motivation. Many have gone through the worse business failures and came back stronger.
Many have also lost themselves, and won't be remembered as conquerors. Therefore, it's left for you to decide if you'll allow setbacks tear you down or build you up. Go back to the drawing board, there always a piece to complete every puzzle. Look for it.
3. Let it out
Talking to someone that truly cares about you is still one of the ways of getting over any issue. If you can't talk to family and friends, you can talk to your mentors about it. You mustn't carry the burden alone--- it's heavier when carried alone.
Someone else might be able to see what you're not seeing. Don't act tough when you're dying on the inside.
Take a break if need be, but just don't allow the situation to mess your mind up. Nobody has it all figured out. We all need a shoulder to cry on from at some point in our lives.
Talking about your failures and fear helps you get over them. If you think you need a professional help, get one. Travel if you have to.
The battle of your mind is more important than anything else. Once a man's mind is defeated, then it's over. Don't shut people out believing you heal better alone. It's one mindset that has drowned so many entrepreneurs.
Help people get involved in your healing process.
#Entrepreneur #business #motivation
Rosemary Egbo is an experienced freelance Content Writer, Copywriter and a Storyteller who specializes in providing well-written, grammar rich, error-free, engaging, and keyword researched content and copies to companies, website, SEO experts, CEOs, entrepreneurs, etc.
She's also a Contributing Writer on Business.com, The Good Men Project, Equities.com, Bellanaija and others.
You can send her an email on rosemaryegbo2@gmail.com for her writing services.
Social Media Manager //SEO Content Writer // Content Creator & Women Coach//Founder Women Of Purpose
3yWow! What a Great piece. Rosemary Egbo. Please check your inbox. Thanks!
Student at Federal Polytechnic Nekede Owerri.
4yJust like a right saying goes, when you learn the art of not staying down when you fall as entrepreneur, unprecedented success will be yours... Cheers!
Web and Graphic Design. Your story visually reimagined
4yWell-written article here. I actually tried my "meditation business" for three years and didn't get very far with it. I was tempted to never try again, but I have them free-spirited bones in my body. So, eh, I'm pivoting to something I did alongside teaching meditation: mandalas. Your article here is the perfect inspiration. Thank you. ð
Researcher / Metallurgist / Entrepreneur / Author.
4yFailure can also be a motivating factor. We should not be consumed in our failures, rather dwell on the lessons.