What Failure and Starting Your Business Have in Common
Starting your business and failure have more in common than you may think. The fear of failure often results in a person doing everything they can to avoid failure, even if it means stagnation and unfulfilled dreams. Many do this because they think if they try and do not succeed, they will be perceived as an overall failure to their employees, friends and/or family. Are you this person? Is there a business you want to start, but feel paralyzed by fear?
As social media plays back highlight reels depicting success, it is easy to assume that success is laid at the feet of entrepreneur’s who choose to pursue their dreams. When you look closely, however, you discover a different picture. Entrepreneurship is messy. You don’t see the dozens of ideas they tried that didn’t work prior to being successful. The most prominent unseen factor is the fear of failure that often still rests within them. Yes, they have a fear of failure too, but they didn’t keep it from letting them start their business.
“Fail often, but intelligently. Fail fast, but forward. Then step over the failure, and grow from the lesson.”
Brent Simpson of Bold Vision Enterprise
Failure is a great tool to figure out what not to do the next time around and is necessary for learning and growing. If you try something and it doesn’t work, it is no reason to give up on your entrepreneurial dreams. It should be used as a road map to identify what went wrong, reevaluate your idea, and make adjustments to try and make it work. Find a mentor or an advisor who can help you have a smarter, more strategic launch. Preferably one who has been there and conquered that place or space you wish to operate in. In many cases, having a team helps too.
Avoid being the entrepreneur who talks about their many failures before reaching success. At Bold Vision Enterprise our tagline reads, “Let our knowledge and experience be your company’s head start” because we understand the benefits of leveraging good advisors. So, it may be worth your while to find an advisor who can evaluate what you are doing and help you to get back or stay on track toward success. This may require an upfront investment, but good advisors are certainly worth it if they can produce results for you. Choose wisely, but definitely choose someone bold. If you’re interested feel free to let Bold Vision Enterprise help reduce the fear and confusion of getting started.
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Business Growth Strategist, Clarity Expert, Retired Stockbroker, Speaker, Pitch Judge, VC, Stock Investor, Board Member, Owner of Bold Vision, Co-Founder of Investing Education Academy (IEA), Start-up Consultant, member of Alpha Phi Alpha Fraternity Inc.
