So your latest business idea just flopped.
You put your heart and soul into it, and added your hard work and money.
It’s not like you didn’t plan well, and you didn’t make a rash decision. You thought it through and put in the effort to try to make it work.
But here you are, again perhaps, with another failed business idea.
Though it may seem like you’re the only one who isn’t earning a full-time income their first year in business, you are not.
It doesn’t always work out the first time… or the second, and sometimes not even the fifth.
But that’s okay.
To fail is to be human.
Maybe no one told you, but guess what? You are not perfect. Neither am I.
In fact, it’s quite rare to find someone who immediately masters something new without practice or without taking time to learn it.
The majority of us try something new, make mistakes, fine-tune our techniques (or change our direction) and then try again.
So when it doesn’t work out the first time, it’s okay.
Each failed attempt brings you one step closer to the ideal business venture for you.
Each disappointment helps you identify your strengths and ultimately find the type of business best suited for you.
Each mistake makes you stronger.
From each failure we can learn something valuable.
For me, it was discovering I was not good in sales-type businesses – after three failed attempts in the direct sales business (and after losing several friends who stopped answering my calls in fear of being introduced to yet another “great business opportunity”).
This discovery led me to re-evaluate my skills, strengths, and passions, and eventually I learned that my ideal business was in writing, marketing, coaching and teaching.
The key is to use these seeming failures as life lessons that steer you in the direction of your ultimate dream business.
It’s like metal.
Though metal seems strong, it can be broken.
But if you weld the broken pieces together with high heat, it will never break again in that same spot.
Becoming a successful entrepreneur is possible, but only if you make the determination to never quit and continually adjust your direction.
You may experience setbacks and feel deeply broken from failed attempts at success, but when you learn from it and use the lesson to propel you forward in a new direction, you become stronger, wiser, and a better entrepreneur.
In short, you need to fail and fail often in order to gain clarity on your ultimate path to success.
Many people stop after one mistake or when the first attempt doesn’t go well. They are afraid to be terrible at something. They’re afraid to fail.
And this fear keeps them stuck – stuck in a position they don’t want to be in, but can’t seem to escape.
This doesn’t have to be you.
This week, decide to try something new, something scary. Something you’ve been wanting to try, but have been too afraid to. Something that could potentially go wrong.
Maybe it’s investing in an online business school or signing up for a new course to get your certification.
Maybe it’s clearing out a room in your home for your own office space, or signing a lease for that retail space for your planned boutique.
Maybe it’s reducing your hours at your corporate job so you can devout more hours to your new business.
Whatever the task may be, here’s the critical thing to remember: If the end result doesn’t turn out as you had planned, don’t think, “I’ve failed again.”
Instead, tell yourself that you just had a valuable lesson and ask, “What did this experience teach me? What could I do differently next time or what do I need to change now?”
So decide what’s the new, scary task you’re going to try this week and get ready to take notes (Oh, and if you want help in finding your ideal business startup, here’s a savvy free workbook to help you do just that).