Starting a business is a bit like running an obstacle course. It's an endless path of setbacks, challenges, and potential obstacles from start to finish. Struggle may be inevitable, but how you view your failures is entirely up to you and may be the very thing that helps you succeed. It's human nature to avoid pain and seek pleasure, but entrepreneurs are a different breed. They take risks where others play it safe. They see problems and answers where others see the status quo. They push comfort zones in the name of progress, even when it means potential failure. But the path is not easy and the survival rate of startups is grim. Talent, knowledge, skills and experience can be the building blocks of success, but they are often the mental tools that allow entrepreneurs to go through the journey intact.
One of these tools is resilience. The employee email database American Psychological Association defines resilience as "the process of adapting well in the face of adversity," and it's an especially valuable quality for those looking to start or grow a business. For entrepreneurs, resilience is about rethinking the way you view setbacks and viewing them as catalysts for growth and progress rather than threats to be avoided. Because the truth is that the times when you grow - as a person, as an entrepreneur - are the times when you are faced with extremely difficult problems and decisions. Having this ability is crucial if you want your business and entrepreneurial career to grow and last . Like any change in mindset, this doesn't happen overnight, but there are practical steps you can take immediately to build resilience and become better equipped to deal with setbacks as you start and grow your business.
Setbacks are inevitable and they are not pleasant, but they also have the potential to be your engine of personal growth. What does it mean for building resilience ? Startups today face all kinds of challenges related to market, audience, hiring, product, capital, and customer service. There is no shortage of setbacks you might encounter.building resilience - top reasons startups fail Source With all of these potential obstacles in your way, how do you build resilience? And what does that really mean? Building resilience means rethinking what appears to be a negative event.