By | Nancy Solari | www.entrepreneur.com
Entrepreneurs are risk-takers by nature. They are problem-solvers that find solutions where others see problems. Entrepreneurs understand that the most brilliant ideas are often born out of struggle. They are resilient and persistent.
If you want to become a more effective entrepreneur, here are four strategies for building a successful business using personal setbacks.
Michael Jordan once said, “Obstacles don’t have to stop you. If you run into a wall, don’t turn around and give up. Figure out how to climb it, go through it, or work around it.”
1. Channel your inner resilience
If you have looked defeat in the eye and prevailed, you will find your next challenge easier to manage because you know your capabilities. You will likely take gambles that don’t pay off as an entrepreneur. Perhaps the first product you designed failed, or maybe a promising business partner let you down. Financial hardships and lost relationships can be challenging to bounce back from, but the perseverance to start up again builds inner resilience.