It’s estimated that 90% of startups fail. Success rarely comes without at least one failure along the way. Most people learn more from a setback than a success, but acceptance of failure is very difficult. If you’ve experienced problems with your business, you’re not alone. It’s how you face setbacks that make you different.
Pressure for Success
Society places a lot of pressure on people to be successful. But sometimes, the greatest pressure comes from within. Maybe you’ve put all your finances into your startup. You might have a family counting on your support. Failure doesn’t just mean that you lose a business, it means that you let yourself and others down.
What can you do? You can pick yourself up and try again. Colloquially, it might be called thickening your skin. How can you do that when you’ve hit bottom?
- Find new solutions to the problem. Get advice from others to see how you can forge a new path.
- Stop negative self-talk. Failure of an idea doesn’t make you personally a failure. It means that your idea didn’t pan out. Stop acting like you’re the problem.
- Don’t let others get you down. The only person you have to compare yourself to is you.
- Think about your goals rather than your shortcomings. Put the focus on what you want to accomplish and how to get there.
- Stop blaming yourself and others. Sure, maybe it was your fault, but blame never accomplishes anything. Accept responsibility, but don’t get stuck there.
Americans Love a Good Comeback Story
It took Thomas Edison 10,000 attempts to invent the lightbulb. Walt Disney was fired before he started Disney. Oprah Winfrey was fired from a Baltimore news station. She sure went on to show them. The Edsel Ford is considered a complete failure, but it didn’t stop Ford Motor Company.
Blackwater Capital Funding offers financing options for startups. Contact us today for more information.