If you belong to the multitude of inspiring entrepreneurs in the world, you are fully aware of the challenges that arise in tackling this endeavor. It is not IF setbacks and obstacles will take place, BUT when and to what extent. It is common knowledge that many startups fail - close to 22% do not even make it through the first year, and only 50% survive to celebrate their 5th Anniversary. That is where RESILIENCE needs to step in and save the day.
RESILIENCE - "the process of adapting well in the face of adversity, trauma, tragedy, threats or significant sources of stress — such as family and relationship problems, serious health problems or workplace and financial stressors. It means ‘bouncing back’ from difficult experiences.” (Apa.org)
Not only should you be able to "bounce back", but you should come through the obstacle THRIVING!
"The GOAL of RESILIENCE is to THRIVE"
-Let's take a quick look at 3 Key Components to Developing Resilience-
1. REFLECT & ANALYZE - Building a successful business takes a lot of time, patience and never ending learning. Part of the process of creating your enterprise is learning as you go. It is impossible to begin your business adventure with 100% of the knowledge and skills needed. Many of the tools and traits required are gained and refined as you experience all the different facets of your particular niche. That being said, it is no surprise that many obstacles and setbacks cross your path. It is what you do with them and how you allow them to change you, that is important. These challenges are to be viewed as an awesome opportunity to refine and develop your business. Step back, jot down the issues, possible solutions, and how you can alter your plan so this does not happen again...and if it does, what other possible solutions could you implement. These are monumental moments. Do not disregard them, or allow them to be the end of your startup. Keep your eyes on the horizon and the bigger picture. This setback is just a speck in the grand scheme of things, but it is also an opportunity knocking to create a lasting impact in the health of your organization. Take advantage of the learning curve and come out more determined because of it.
2. REFRAME - Once these "opportunities" arise and you have analyzed the core issue and offered some solutions, it's time to circle back and look at our initial reaction to the obstacle. Did it have you running away in fear? Tempted to throw in the towel and give up? Enter into a depression at your lack of worth? OR, did you embrace it head on? Decide right then and there that Nothing, and I mean NOTHING was going to knock you down? Realigning your thought process and anticipating these events can be instrumental in adapting to these incidents. Take a look back at past difficult situations and how you came through them. Let that cultivate confidence and empower you to INITIATE ACTION when difficulties arise again! Taking action and preparing a plan of action beforehand alleviates the panic that may be tempted to surface in the heat of the moment.
"Challenges are a Catalyst for Growth"
3. REAP THE REWARDS - You may be shaking your head in bewilderment at the concept of rewards through obstacles, but yes, so many rewards are waiting for you when you hold tight and come through the fire. Think of these obstacle as the engine that has the capacity to catapult your business forward. Without these teachable moments, you would be stuck in the same old patterns, doing the same old comfortable things, and missing out on all the opportunities to maximize business growth. Skills are gained and refined when challenged. It is time to get comfortable being uncomfortable. Anticipate the setbacks, Embrace the unplanned, and get ready to THRIVE! Don't let the sobering statistics drag you down, but rather let them serve to ignite the passion and fuel the determination for SUCCESS!
"Learning Isn't A Way Of Reaching One's Potential, But Rather A Way Of Developing It."