Are you sad and demoralized because your investment in business went down the drain? If YES, here are 15 best ways to stay motivated after failing in business.
Starting any business comes with its own risks and the fact that you are expected to face some risks when you start your business means that the possibility of the business failing cannot be ruled out. It is not a strange thing to find businesses failing, but the most important thing is how best a budding entrepreneur who failed in business can stay motivated and reinvest or start another business.
The truth is that if you have ever failed at any of your attempts to start a business, then you can be rest assured that you are not alone. Most of the successful business people you see around you have experienced one form of failure or the other before they eventually succeeded. The bottom line is that they refused to be let down by the failure they experienced but they rather choose to stay motivated.
For example, Colonel Sanders who is the founder of the famous Kentucky Fried Chicken with outlets all over the world, failed at several attempts at trying to get people to buy his chicken recipe. As a determined and focused entrepreneur who knew what he wanted, he was not discouraged by the over a thousand attempts before he eventually hit success
What about Bill Gates? Yes, he is the richest man in the world but what you might not know is that this business guru failed in his early age as an entrepreneur. His first business Traf – O – Data didn’t pass the early stage of business but he still went ahead to co-found Microsoft which eventual become highly successful.
The fact that you failed in business does not mean you don’t have what it takes to succeed in business and here are 50 surefire ways to stay motivated when you fail in business.
15 Best Ways to Stay Motivated When You Fail in Business
- Read The Biography of Successful Businessmen and Businesswomen
One of the surefire ways to stay motivated when you fail in business is to ensure that you buy and read the biographies of successful businessmen and women. Without being told, there is no business person who succeeded at the first attempt hence when you read the biography of successful businessmen and women, you are sure going to come across how they failed in business and what they did to upturn the business failure to success. With that, you are certain to be motivated and keep pushing on until you achieve success in your business.
- Read Motivational Books
There are a thousand and one motivational books out there that can get your fired-up to pick up the pieces from your business failures and keep trying until you succeed. Motivational books written by Brian Tracey, Napoleon Hill, John C Maxwell, John Mason, Stephen R. Covey, Anthony Robins and Robin Sharma et al are books you need to get and read if you fail in business and you want to stay motivated. You can get these books in your local bookstores or order them from an online bookstore.
- Pray to God and Tell Him About Your Failures
If you believe in God, one of the ways you can stay motivated when you fail in business is to ensure that you pray to God and tell him about your business failures. From experience, people that believe in God will tell you that they find comfort whenever they roll their burdens (including business failures) to God and they get motivated to continue to try new business strategies.
- Read Holy Books
Another proven way to stay motivated when you fail at a business especially if you are someone who is religious is to ensure that you read your religions’ holy book. For example, if you are a Christian, there are several verses in the Holy Bible that can get you motivated when you fail in business.
As a matter of fact, there are a couple of Bible Characters that failed in their life endeavor and eventually became successful. You can learn from their inspirational story and get motivated to continue to try new business strategies.
- Attend Motivational and Inspirational Related Seminars
When you fail in a business, one of the ways you can stay motivated and be inspired to continue to stay in business is to ensure that you attend motivational and inspirational related seminars. One good thing about attending such seminars is that you are certain of leaving the venue of the event with the determination to go all out to achieve your business goals irrespective of the failure that you have experienced. There several motivational and inspirational seminars you can attend within your city or in a city close to you. Just check on events blogs/websites to get registered.
- Join a Mastermind Group
Joining a mastermind group is yet another surefire way to stay motivated when you fail in a business. A mastermind group is a group of like minds who are there to serve as support structure for one another. When you join a mastermind group of people who are involved in business just like you do, it will be easier for you to get moral support from them that will help you stay motivated when you fail in business. As a matter of fact, you will be able to get business strategies from your mastermind group that will help you take your business to a whole new level.
- Create Positive Confessions and Confess Them Regularly
One of the surefire ways to stay motivated when you fail at a business is to ensure that you create positive confessions as it relates to your business and the success you want to achieve in the business and make sure you say the confession morning and night.
This is one of the keys most successful people leverage on to stay motivated and to continue to achieve success. It has been proven over and over again that when you say positive confessions regularly, it will become part and parcel of your life, and you will always stay motivated, and events and circumstances will most often than not work towards your advantage.
- Listen to Good Music That is Laced with Motivational and Inspirational Nuggets
Another way to stay motivated when you fail at business is to listen to good music that is laced with motivational and inspirational nuggets. It is an established fact that good music, especially music laced with motivational and inspiration nuggets has a way of uplifting your spirit and keeping you motivated.
For example, a song with the title ‘I Believe I Can Fly’ by R. Kelly falls under the category of good music that is laced with motivational and inspirational nuggets. There are loads of songs like that out there, just ensure that you have them in your car, in your office and in your home.
- Look Back at Your Past Success
Looking back at your past success is obviously one of the practical ways to draw motivation when you fail in business. No matter the level of failures you have recorded in business, if you take your time to look back, you are sure going to see areas in life where you have done pretty well.
All that is expected of you to do when you experience business failure is to count your blessings and you will be amazed at the level of success you have recorded. Replaying such scenario in your mind will definitely help you stay motivated when you fail at a business; it will give you the confidence that if you keep trying, you can replicate such success.
- Set a Business Goal
Another surefire way of staying motivated when you fail at a business is to always refer back to your business goal. Firstly, you would need to set a business goal when going into business, and when you fail in you attempt to run a business, looking at the business goal you set for yourself will serve as a motivation especially when you are not measuring up.
For example, if you have a goal to sell the franchise of your business all across your country and the world, the fact that you fail at the first attempt of launching a business will not be enough to stop you from being persistent until you succeed. The amount you expect to make monthly from the business and the good life you and your family are expected to live will definitely serve as a motivation for you whenever you fail.
- Avoid Negative People
If you are a self-motivated person, you can only remain motivated when you steer clear of whatever will demotivated you. In essence, one of the ways to stay motivated when you fail at a business is to ensure that you avoid negative people.
Trust me, you don’t want to hang around negative people when you are building a business or anything. They are sure going to see everything that is wrong and why you will never succeed at what you do. They will come up with stories of people who failed at what you are trying to do and why you should quit trying and go pick up a job.
- Have a Powerful Mantra That is Self- Motivating
Another way to stay motivated when you fail at a business, especially if you are someone who is just building a new business is to have a powerful mantra that is self-motivating. The truth is that your mantra will always keep you motivated.
Take for instance, if your mantra is ‘There is Always Light At The End Of The Tunnel’ or ‘I Have All It Takes To Succeed’, you will always stay motivated. So, if you are looking for a way to stay motivated when you fail at a business, then you should come up with a personal powerful mantra that is self-motivating.
Developing positive mental attitude is yet another way to stay motivated when you fail at a business. Positive mental attitude is a key requirement for anybody that desires to build a successfully business no matter the failures that confront them.
Positive mental attitude puts you in a position that enable you see positives in every misfortune. A person with a positive mental attitude believes that there is always light at the end of every tunnel, and that the rainbow will always come after the stormy rain.
- Spend Time Meditating on the Right Things
Meditation is an essential requirement for those seeking to build successful business irrespective of the number of times they fail at it. If you spend time alone meditating, it helps you build strong emotional stamina to be able to confront business and life’s challenges that might want to deter you from deliberately building a successful business. You don’t necessarily need to travel to the woods or the mountains to engage in meditation.
You can meditate whilst driving; you can meditate on your bed and in any place with little or no distraction. Just make it a point of duty to create time for daily meditation, it could be 20 minutes or more; the truth is that it will go a long way to help you improve your emotional intelligence and ultimately help you stay motivated.
- Visit a Business/Life Coach
Another way to stay motivated when you fail at a business is to ensure that you visit a business / life coach; they are in a better position to help you stay motivated as you pursue your business goals. Life coaches or business coaches generally help their clients set and achieve their goals, and they motivate cum coach their clients to become peak performers in life.
The Life Coaches industry is made up of professionals whose job is to help their clients set and achieve personal goals even in the face of failures. Such goals can be relevant to a client’s business, job, personal life or interpersonal relationships; they provide counseling services to people in the areas of personal growth, relationship issues, career path and related topics.
These are some of the things that you will need to do to stay motivated when you fail at business. Remember, there is no harm in failing and learning.