If your first startup fails, you are about average. Most entrepreneurs fail on at least one attempt. Investors agree that an entrepreneur who has never failed probably hasn’t pushed the limits. What investors look for is not that you never fail, but that you learn from the failure, maintain a positive attitude, and work with integrity on the next one.
According to Harvey Mackay in his book “Use Your Head to Get Your Foot in the Door,” how to rebound from failure or rejection is an essential skill to acquire for success. His bullets are about job hunting, but I believe the principles apply equally well to starting a business:
1. Analyze every failure, but never wallow in one. Failure is a condition that all of us experience. It’s our reaction to our failures that distinguishes winners from losers. A great entrepreneur is like a great racehorse. There’s no quit in them. Defeats are temporary. Heart and class are permanent.
To read the full, original article click on this link: Startup Professionals Musings: Five Techniques To Rebound from Startup Failure
Author: Martin Zwilling
