Owning a business is always filled with wins and losses - what goes wrong seems to stop mattering altogether (within reason) when you have the gumption to keep going. This is where resilience plays a part – having a resilient mindset can allow you to recover more quickly from failures, adjust your behaviour in response to change and carry on when the going gets tough. This is where building resilience comes in for long term success.
Every business faces obstacles. Rather than failure, perceive your failures as learning opportunities. Ask: what is there to learn here? What can I do differently next time around? It is this change in perception which can transform failures into stepping stones.
- Practice Self-Compassion
Treat yourself right when you screw up. Understand that mistakes and failures are not indicative of your worth or possibility, but simply an aspect of the journey. Self-compassion will help you to bounce back and stop the negative self-talk spiral quickly.
- Set Realistic Goals
Divide large goals into smaller, achievable pieces. Little victories are important. This not only creates momentum but it further empowers you and will make overcoming obstacles easier while increasing your drive.
- Build a Support Network
Be in the company of supportive, positive people. This could be a mentor, business coach or other like minded entrepreneurs that you can discuss your experiences with when times get tough. For Evesham Business Coaching, visit www.randall-payne.co.uk/services/business-advisory/business-coaching/evesham/
- Prioritise Self-Care
Storms are tough to sail through and we all need a support system. We are not alone in this world! Humans were made with vulnerability and strength built into them. Resilience is not only mental, it’s also physical. Schedule time for relaxation, physical activity and social activities. A healthy body means a healthier mind, allowing for better stress management and focus.
- Be Open to New Opportunities
Business is constantly changing. Be prepared to change your plans and experiment with fresh ideas. Be able to be flexible and respond when challenges come up that were not anticipated, without compromising your long-term perspective.
Final Thought
While it does take time and a lot of practice to become more resilient, you will soon discover the benefits. Resilience will enable you to handle any troubles that life throws your way and use it as a stepping stone towards growth and success in both your business and personal life.
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