The Most Appropriate way to Handle Failure in Business
Often, new business ideas experience so much rejection that the owner of the idea feels very terrible about the idea and wish he has never pitched the idea at all. One can pitch an idea to an investor who may be really calm about rejecting the idea and even encourage the entrepreneur to look ahead but at the same time there are certain investors who will not say NO nicely, they will certainly say it in a way that the owner of the idea will feel like a complete and total failure.
Whenever something hurts you, there are two options, you can either become wounded or you can become wise, that is the choice. Sadhguru
At that point when you feel totally rejected is a time when you have to re-plan, re-strategize and really think about what you want to accomplish in the process of your dream, rejection should really not be the reason why we quit or give up on our dreams it is rather a period of reflection of if we are truly on the right path.
You know one very funny thing about life is those things we greatly desire as a child and we think we are failures if we do not accomplish them, are truly things that we will become grateful for that they never happened to us later in life, sometimes all that it takes for us to get on the right path of life is TIME. This factor called time has a very strong way to show us the things we ought to be greatly concerned about.
If yes you have figured out that you are on the right path, then quickly begin to think of new ways to re-strategize, you might be doing things the old way or probably you do not have the required full knowledge about the venture you are trying to pitch to your clients, there is no rush in getting investors you have to carefully study what they want and understand how you will be able to present your idea before them and they are going to accept it.
There are two sides to rejection- It is either you come out of the ugly situation stronger and better at pitching your ideas and improving on your qualitative achievement or you come out as a depressed wounded failure, the choice really does not lie in the hands of those who rejected you, they had their reasons to reject your idea but it is left to you to either make the best use of the situation or just remain miserable.
Great post!, very motivational.
Thinking so positive Always carries to sucess.
Keep focused and aim to te sky.
In my country there is a saying that says: in business he who does not risk does not win, therefore if we are willing to take risks we have to know that we can fail, however we can fail, assume that failure, get up and go forward taking into account the lessons learned.
Greetings and thanks for sharing such a good motivational post.
Very well said, trying makes it very clear that we might probably fail but the essence is that we do not give up even after we fail, thank you for reading.
Hello friend, thanks for your advice, sometimes when you fail it is difficult to motivate yourself to resume what you were doing, so we must always have a positive attitude and high self-esteem.
High self esteem is highly necessary in all we do, thanks for reading.
Just like you said, the most appropriate way to come out of any failure is to re-condition your mindset to move o from that failure and apply better strategies to get better results. However, it is important to say that the first step is very vital and the most important step. Getting over a failure is actually harder than it seems.
Sure it is not a simple thing to get over a failure but we are better off winners by trying again than sitting around doing nothing just because we failed.
Most of the time failure when experience in a business is a catalyst to make the business more successful
I seriously think so also, thanks for reading.