Business can seem a never-ending path of challenges and roadblocks. But you can decide how you frame setbacks, and your choice can help you succeed.
So how do you develop resilience and harness it for business growth?
1. Welcome Challenges
Entrepreneurs take risks even when it means potential failure.
Skills and experience are valuable, but it’s mental strength that gets you through tough times.
View setbacks as catalysts of growth rather than threats to be avoided – you grow when faced with difficult decisions.
Face obstacles head-on to find solutions quickly, rather than ignoring issues.
For more advice see https://foundr.com/building-resilience-entrepreneur/
2. Review Setbacks
Review problems to find trends. Assess the situation and ask how you and your business can improve. Reflection is a valuable way of using past performance to improve future behaviour.
Envision different actions you could take to obtain the best results to challenges.
Understand setbacks and learn insights to apply to the next set of hurdles, ensuring you become stronger and wiser as a result of difficult experiences.
For more advice see https://medium.com/@KeithKrach/how-to-become-a-resilient-entrepreneur-526163e2e8a9
3. Adapt to Adversity
Be brave when it is time to change, quit, or hold your nerve. Success often comes to those who stick it out in a smart, considered way.
Be open to selectively quitting things that aren’t effective without fear, and realize this doesn’t mean failure but flexibility.
Acknowledge what you have already accomplished and the capabilities you have built up from work and life experience.
Embrace pain and discomfort to learn to push past perceived mental boundaries.
For more advice see https://www.verywellmind.com/ways-to-become-more-resilient-2795063
Making decisions takes energy – build resilience by reducing everyday choices.
Automate non-essential tasks so you concentrate on solving problems that create value and business growth.
Identify your strengths and delegate tasks you don’t have time for – such as marketing, purchasing and sales – whilst maintaining overall responsibility and control.
Free up energy to concentrate on growing the business and maximising potential opportunities.
For more advice see https://www.business2community.com/small-business/5-tips-small-business-owners-focus-whats-important-01580145
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