Starting a business is like running an obstacle race. It’s a never-ending path of obstacles from start to finish. The struggle is inevitable, but the way you frame your setbacks is completely up to you and the way you make decisions to overcome them may be the very thing that helps you succeed.
It’s human nature to avoid pain and seek pleasure, but entrepreneurs are always on a different level than the rest. They take risks where others play it safe. They fend off comfort zones in the name of progress, even when it means potential failure.
But the path isn’t an easy road, and the survival rate for startups is low. Talent, knowledge, skills, and experience may be building blocks of success, but often it’s the mental ability of the individual that drives them ahead. The process of adapting well in the face of adversity is a valuable quality for those looking to start or grow a business.
For entrepreneurs, the capacity to recover quickly from difficulties is about rethinking the way you see setbacks and viewing them as catalysts of growth and progress rather than threats. Because the truth is, obstacles help you grow as a person when you’re faced with extremely difficult problems and decisions.
Having this ability is crucial if you want your business and your career as an entrepreneur to grow and last. Like any shift in thinking, it doesn’t happen overnight, but there are practical steps you can take immediately to build quick decision-making skills and become better equipped to handle setbacks as you start and grow your business. Setbacks are unavoidable, and they’re not pleasant, but they also have the potential to be your engine of personal growth.
Startups face all sorts of challenges that relate to market, hiring, product, funding, and customer service. There’s no shortage of setbacks you could run into. To build quick decision making skills to overcome obstacles, firstly you will need to rethink what appears to be negative: a failed business, a failed product launch, an app that none downloads and realizing that, is actually helpful for future growth and success.
An entrepreneur looks past short-term setbacks and focuses on long-term goals. The unadaptable entrepreneur gets caught up in temporary problems; they can’t see through, so it’s easier to quit or get distracted, to work on something else rather than to face the blunt facts of their situation. The difference between success and failure often comes down to who’s willing to stick it out in the smartest way, and that’s not necessarily related to talent, skill or education. That’s how you develop skills to overcome any obstacles that may be ahead of you during your entrepreneurial career.
The truth is that those with quick decision-making skills and a positive attitude often have an easier time facing challenges, simply because they’ll be less likely to give up quickly. They’ll be steadfast. Facing obstacles head on can translate to finding solutions more quickly, because you’re not avoiding or ignoring the unpleasant facts before you.
Resilience keeps a successful entrepreneur moving even when you can’t see the finish line. Resilience is what measures your success. It’s what makes a good entrepreneur. Resourcefulness and optimism help entrepreneurs to catapult their business over that distant horizons. Resilience predicts your success, it’s one of the most important factors in an entrepreneur’s life.
It isn’t only about getting your company off the ground – sometimes it benefits you when you’ve failed and you’re ready to start again. Entrepreneurs who are starting their second business after an initial, failed attempt are significantly more likely to find success in their second company. If you’re resilient, the odds are in your favor. If you’re an entrepreneur, you know how important it is to have people believe in you. Whether it’s the CEO of a company, an influencer who could boost your career to new places or a potential investor – people need to believe in you. They want to see your potential in order to invest in your startup. But they’re relying on you to tell them what you can do – so if you don’t believe it, neither will anyone else. If your confidence level falls just before a meeting, trust your interviewer to notice your resilience, which might make the difference between making or breaking the deal.
So, if you’re an entrepreneur, be resilient to overcome any obstacles that may be ahead of you during your career.
Also published on Medium.