Entrepreneurs Factor in Failure and Success (Jenny M White)

Successful entrepreneurs know that everything they touch will not be "gold." Failure is a part of a learning curve. Building a successful business involves learning from your actions, building off of failure, learning and acting again. Every step you take is repetitious. Act on your intuition, learn from your mistakes and build on your successes. Repeat the model until you are where you want to be. If you realize that your current endeavors will take you nowhere, begin again with a different opportunity.

Failure Produces Options

When trying to grow a company, you have options of developing and of even fixing failures. Some of these possibilities include:

1. Siting and thinking you are a failure. Do nothing and feel that the problems are just too big. You are now a failure and will remain one.

2. Try, learn and adapt. If you again sit and think about your failure, you may find that you were not right in your problem solving. You might also find that while you were contemplating what to do, someone else beat you to the solution or found the way to start the business you wanted to begin.

3. Stop thinking. Take the steps necessary to fix the problems. You will find that it often won't cost you as much in the long run if you are proactive.

If you truly are an entrepreneur, you will factor in failures and successes. Give your risky ideas a go with confidence and be prepared to ride out successes and the inevitable failures. Note that the only way to success is failure.

A. Use a business model that is simple. The most successful ideas are those that help improve people and their lives. A simple plan focuses on a single idea that is often born out of frustration.

B. If you don't succeed at first, try, try again. Very few first ideas work out. How you deal with failure sets you apart. Failure is the secret to success and come of the best ideas come from shattered dreams. Every successful entrepreneur has failed, and resilience is the mark of an entrepreneur who has a dream.

C. Have fun. Sounds a bit on the crazy side, but if you do not like what you are doing, you will fail. Be that entrepreneur who cannot wait to get to work in the morning. If you are having a good time and work is not drudgery, there is a great chance that you will succeed and your endeavor will flourish.

Traits that bring success to your endeavors are failure, learning and adapting. If you can handle these issues you can build a business that eventually gains millions. Bring together a business plan that is simple or focus on only one issue at a time. If at first you don't succeed, get up and try again. Check out your business plan to see where you failed. Use this as a learning curve. Have fun. Nothing will be accomplished if you do not enjoy what you are doing. Fun is not having parties every day, but enjoying what you do and taking the challenge to do better every day.

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