Every business experience, good and bad, is a learning curve, but only if we choose to step back, take the emotion out of it and evaluate with a rational head on our shoulders.
And yes, we know that’s easier said than done sometimes!
When you run your own business those knock backs are inevitable. It’s part of the ‘joys’ of running your own business.
Perhaps a regular client has cut back or frozen their spend with you or you didn’t win that important pitch you put so much time and energy into.
But how do you respond to these testing moments? Do you dust yourself down, take a deep breath and move swiftly on to the next challenge, after a brief evaluation of the experience?
Or do you dwell on the disappointment and wallow a little (or a lot!), allowing this experience to knock your confidence and plans for the future?
To run a truly successful business you need bouncebackability – the ability to respond positively to a knock back. Also remember that every day’s a school day… if you don’t win that contract, or someone doesn’t buy into your business idea, don’t be afraid to ask for some feedback on your pitch/presentation. There’s no such thing as negative feedback; there’s just feedback, and you can ALWAYS learn from it and use that information to be more successful in the future.
Bouncebackability is vital to your success.
If you don’t believe us, take a look around at some of today’s business ‘gurus’. Even the Richard Bransons of this world have experienced ‘failures’. Do they sit and focus on it at the expense of business growth. Do they hell? They learn and move on, eager to pounce on the next opportunity.
These testing times are the moments that make or break a business.
Your bouncebackability needs to be a well oiled machine. There’s no time for sentiment. Yes, give yourself the space to feel the disappointment for a short while but don’t dwell on it.
Look at what you have learned from the experience and use these lessons to fine tune your approach for the next opportunity that comes your way.
And these opportunities will come, even in a recession.
Believe in your business, believe in your offering and believe that you can bounce back, even through the disappointments along the way.
So, don’t despair, work on your bouncebackability and give you and your business the very best chance to succeed. Your future depends on it.
> What do you think? Do you have tips or bouncebackability experiences to share? Leave us a comment… we’d love to hear from you!