What do you do if your entrepreneurial venture fails and you need to bounce back?

Failure is merely a broad term; I prefer to view it as a result of various contributing factors. With each setback, I discern valuable lessons, which I then leverage to improve subsequent endeavors. Armed with this experience, I approach new challenges with confidence, knowing that each step forward is informed by the wisdom gained from past experiences.

O fracasso é aprendizado para se tornar mais forte, tive alguns momentos em minha carreira em que o que projetei não deu certo, isto que toda dedicação foi feita. Demorei para aceitar mas o distanciamento do tempo me fez refletir melhor e ajudar a não cometer os mesmos erros.

Failure shouldn't be viewed as a negative factor in business or indeed life. It's merely another lesson learnt, that the strategy/concept or more importantly, your personal psychology, may not have been fully aligned with the implementation required at that moment in time. Or perhaps, the economy or industrial sector isn't quite optimal for your input. Self reflection is equally important as any strategy analysis, as the wrong psychology, can cause even the best laid plans to become another lesson.

Knowing that nothing ever stays the same and that each situation is a learning opportunity often helps in the bounce back process. Of course, accepting your feelings and not saying to yourself “I shouldn’t feel this way” is also very effective in letting yourself feel what you feel until it passes. Making a list of all of the things you wouldn’t have otherwise learnt can often bring perspective and balance out what could be the slippery slope of negative thinking. You are a human being and things will go right and things will go wrong. Control what you can, take the appropriate share of responsibility, talk to someone trustworthy about it to untangle it and know that you’re not alone.

Failure is tough, but it's also a learning opportunity. It is important to reflect by taking the time to think about what went wrong. Staying positive is important because so many entrepreneurs have had multiple setbacks before they ultimately achieved success. Take some time to develop new skills that can benefit you in the future and continue to build and nurture your professional network. Networking can open up new opportunities. Above all else it is important to remember that failure is not the end of the road—it's just a detour on the path to success.

I see so many new entrepreneurs struggle with this. They take failure personally, rather than recognizing it as feedback what didn’t work & needs adjusting. An entrepreneur who succeeds long-term masters the continuous dance of being flexible to changes in the market, consumer behavior and spending habits. It’s about being open to change. This is why entrepreneurship is an invitation into personal development like nothing else.

Desde mi experiencia personal, deseo compartir una reflexión íntima, pues he atravesado la dolorosa situación del fracaso empresarial. En los primeros compases de este revés, me embargó una profunda sensación de frustración y desilusión. Sin embargo, en ese momento de adversidad, encontré una oportunidad para el crecimiento y la superación personal. Hoy entiendo que la adaptabilidad y la resiliencia son claves. El reflexionar sobre lo sucedido, analizar las razones que generaron esta situación, aprender de los errores, buscar apoyo en lai red de contactos, mantuve una actitud positiva y persistí a pesar de la incertidumbre son claves. Es un tropiezo, no el fin del mundo, es realmente una nueva oportunidad para aprender.

If my entrepreneurial venture fails, I focus on lessons learned, assess what went wrong, pivot if necessary, leverage my network for support and advice, refine my business strategy, identify new opportunities, and persevere with renewed determination to bounce back stronger and smarter.

Take the time you need to be with that 'failure'. Work with a coach if you need to. When you are ready, write down a list of things that were within your control and outside of your control. Know that there can be so many different reasons behind an entrepreneurial venture 'failure'.

Analyzing failure is a critical step in learning and growing from setbacks. Take an objective look at your business model, market conditions, and personal decisions to understand the factors that contributed to the outcome. Instead of assigning blame, focus on identifying areas for improvement. Every failure contains valuable lessons that can inform your future endeavors. By thoroughly analyzing what went wrong, you can gain insights that will help you make better decisions and increase your chances of success in the future.

Failure is an inevitable part of entrepreneurship, and learning from failure is essential for personal and professional growth. By analyzing failure and extracting valuable lessons, we can avoid repeating mistakes, make more informed decisions in the future, and increase our chances of success.

Looking at the reasons for your entrepreneurial idea has not take hold as quickly nor as certainly as you had hoped and dreamed is the next step to getting back on track. If you are truly burnt by the experience and want to leave entrepreneurial ventures for the time being that is all good to. If , however you want to give it another go then learning from the experience is your greatest asset. This may be something you can reflect upon yourself, or you may benefit from working with a friend, colleague or business coach. The important thing here is to objectively analyse your recent experience in order to rise phoenix-like for the next chapter of your journey.

One must first reflect on the lessons learned, adapt strategies accordingly, and persevere with resilience and determination.

When you analyze failure, you find the key to bouncing back from setbacks. It involves dissecting what went wrong, identifying the root causes, and learning valuable lessons from the experience. By understanding the factors that contributed to the failure, we can make informed decisions, pivot our strategies, and avoid repeating the same mistakes in future endeavors. It's an opportunity for self-reflection and continuous improvement, essential for entrepreneurial resilience.

Falhas sempre irão existir, até porque não existe perfeição. Entender onde errou é uma atividade difícil pois se não tiver curado a dor dificilmente ira perceber onde foi. O tempo é um grande amigo nesta etapa. Saber analisar as falhas em um curto espaço de tempo é para poucos.

Reflect back is important step to analyze the Failure, I believe Failure is a part of the process, it is rather an experience or a learning in the journey, In the reflection process, you need to understand the journey overall, business condition, decisions that were taken during the specific situations, relationships, roles or responsibilities, and customer feedback, or professional work related feedback,

Failure is simply feedback how to do it differently next time. Everyone ‘fails’ at some point. The edge is learning how to fail faster, pick yourself up & take action on your next smart idea.

John C. Maxwell me enseño en una ocasión que "una persona lista aprende de sus errores, una persona muy inteligente aprender de los errores de los demás, pero una persona sabia aprende de los éxitos de los demás". Tener un espíritu de aprendiz, ser autocríticos, saber replantear la ruta y ser resilientes es lo mejor que podemos hacer. Un fracaso nos debe retribuir con mayor sabiduría y madurez para volverá buscar nuestra meta, esta vez desde la experiencia... ya no comenzaremos desde cero.

Desde mi vivencia personal, comprendo los desafíos tras el fracaso emprendedor. La inicial frustración me abrumó. Reflexioné, persistí, y aprendí. En mi caso mi mayor lección entender la importancia de alinear los proyectos con la pasión. ¿Qué te mueve?

Rekindling passion begins with self compassion. I know what it is like to feel a failure, to grapple with frustration and disappointment. I also know that allowing yourself time to re-energise is important for your mental and physical well being and the only way you can rekindle passion. Passion is snuffed out when you are burnt out. You can't start a fire from cold ashes. What will help to build the flame of energy passion and excitement in you again? Possibly new avenues of interest. Get outside more. Increase physically and socially activity. Ironically taking a break from thinking about your next step can leave the much needed space for your creativity to spark back the life in you- and with it reignite passion.

Remember that you’re worth it and actually it’s not about you, it’s about providing a massive service. Without your entrepreneurial grit the world would be worse off.

Rekindling your passion after a setback is crucial for reigniting your entrepreneurial spirit. Take some time to reflect on what originally drove you to start your venture. Consider the impact you want to make in the world and how your skills and interests align with your goals. Engage in activities that inspire you and fuel your creativity, whether it's reading books, attending workshops, or connecting with like-minded individuals. By reconnecting with your passion and purpose, you can find the motivation and energy to move forward with renewed determination and enthusiasm.

Getting that confidence back and working your way through it is the game, you need to get into a comfortable space along with the right mindset to get your ball rolling, While reflecting explore what exactly you are good at and what you want to do next where you can give your 100%

Make it your personal rule to reflect on the super affluent who've "failed" multiple times before they attained success; 1) as a compass ("ok, most success stories have set backs not failures; I'm still on the path"); 2) gauge (if you're not learning what not to do, you're not effectively learning, 3) data ("this I know for certain does not equate"); 4) motivation (this does not mean I've even failed [when you give up is the only time you fail]). Get excited, you're probably pioneering what you're doing. You get to lead once you reach the top of the mountain. After that, it's maintenance and adding freshness to what you will come to know as basic set of do's and dont's.You'll get to guide and shape people, the economy, psychology en masse.

Quand on a réalisé que le coeur/sel de la Vie c'est le défi de l'adaptation, tout est en place pour raviver la passion. En n'oubliant pas que cette passion doit être tournée aussi vers les autres, ce que je peux leur apporter, il n'y a aucune raison qu'elle s'éteigne, mais si sa flamme a faibli de manière passagère.

It is vital after a setback. It means reconnecting with the initial drive and enthusiasm that propelled us into entrepreneurship. Rediscovering our purpose and vision can reignite our motivation, helping us to persevere through tough times and reignite our creativity. By reigniting our passion, we can find the energy and determination needed to bounce back stronger and more resilient than before, turning setbacks into stepping stones towards success.

Si tu meta es buena, digna y agrega valor, no será fácil, ni rápido, ni cómodo lograrla; si es lo que te apasiona, buscarás los "cómo sí" y dejarás a un lado los pretextos y todas las excusas que suelen aparecer en las personas que asumen las fallas como el final de todos. Bien vale un "respiro", tanto para el análisis, como para la asimilación de la experiencia, y si cuentas con un mentor o un coach, es el mejor momento para acercarte a ellos. Recuerda que la llama no se apaga, a menos que tu quieras extinguirla.

A veces es necesario replantearse la estrategia, dar un paso atrás y volver a analizar la situación. En el camino hacia el éxito, es fácil perderse en el día a día y desviarse del rumbo original. La inercia puede llevarnos a adaptar nuestra estrategia hasta que ya no reconozcamos la esencia que nos impulsó al principio. Una mentalidad positiva, un tiempo de meditación y reconexión pueden llevarte a sentir nuevamente esa pasión inicial. Sólo que esta vez podrás combinarlo con las lecciones que ya has aprendido.

¿Qué te mueve? La pasión es clave porque proporciona la motivación intrínseca necesaria para perseverar a pesar de los desafíos, estimula la creatividad e innovación, y fomenta el compromiso y la perseverancia en la búsqueda de objetivos empresariales. Cuál es la tuya?

One door closes but there are many doors you can try opening. Networking with friends and colleagues, taking a course to upskill or for entertainment can all be cathartic and help move the sluggish energy of perceived failure into momentum for the future. If you are burnt by your experience I advise taking things a day at a time, not expecting too much of yourself to begin with (as part of your self compassion practice) and being open to what might come next. Small daily satisfactions go along way t building back confidence and optimism.

I approach goal setting in a feminine way. Like when a woman births a baby, she doesn’t know what the baby will look like, or how it’s going to be born. But she believes in the future outcome & she trusts the process.

You need to set new goals and it is essential post-failure. It allows us to refocus our efforts, redefine success, and chart a new course forward. By setting specific, achievable goals, we can regain momentum and direction, fostering a sense of purpose and progress. These goals serve as milestones to measure our progress and keep us motivated on the path to recovery. Embracing new goals empowers us to turn setbacks into opportunities for growth and achievement.

Setting new goals is a crucial step in moving forward after a setback. Reflect on what you've learned from your past experience and use that insight to set realistic yet ambitious goals for your future endeavors. Break down your goals into smaller, actionable steps, and create a timeline to keep yourself accountable. By setting clear objectives and milestones, you can stay focused, motivated, and on track to achieve your entrepreneurial aspirations. Remember to be flexible and adaptable as you navigate the path toward your goals, adjusting your plans as needed based on new insights and opportunities.

Definitely when you set goals don't be bias and relate that to any other experience, but think about the best case scenario and then get into how to achieve it

Aquí viene el reto: Después de haber vivido una etapa difícil en tu emprendimiento, NO modifiques tu meta. Lo que tienes que modificar es el plan, no el objetivo y ahora no sólo tengas un plan para la meta, ten un plan B o hasta un plan C. Cada cierto tiempo haz una pausa de evaluación de avances y si es necesario hacer ajustes, hazlos al plan nunca a la meta. Busca que tu objetivo principal tenga varios sub-objetivos y ve tras ellos. Recuerda que cuando revisas "cómo va el marcador" puedes hacer los cambios necesarios, pero no abandones nunca tu meta.

You must build resilience. It is paramount after a setback. It involves cultivating the mental and emotional strength to withstand challenges and bounce back stronger. By embracing adversity as a catalyst for growth, we develop resilience muscles that enable us to navigate future obstacles with greater ease. This resilience mindset allows us to persevere in the face of adversity, adapt to changing circumstances, and emerge from setbacks more resilient and resourceful than before. It's about turning setbacks into opportunities for personal and professional development.

Building resilience is essential for navigating the ups and downs of entrepreneurship. Cultivate a positive mindset by practicing gratitude, reframing challenges as opportunities for growth, and staying focused on your long-term vision. Surround yourself with a supportive network of mentors, peers, and friends who can provide guidance, encouragement, and perspective during tough times. Engage in self-care activities like exercise, meditation, or hobbies to recharge and maintain your mental and emotional well-being. By prioritizing resilience, you'll be better equipped to overcome obstacles and thrive in the unpredictable world of entrepreneurship.

Resilience is not denying your feelings, toughing it out, or putting on a brave fac . Resilience begins with acceptance and self compassion. There are however several things which are the enemy of resilience: a victim mentality; a scarcity mentality; and doubting yourself. The mindset to overcome a victim mentality is to 'normalise, don't personalise'. The world is not out to get you. The mindset to overcome scarcity mentality is to be collaborative, generous and collegial. There are plenty of opportunities for us all. The mindset to overcome self-doubt is self compassion. You are your best advocate. Celebrate what did go well. Surround yourself with supportive people. Finally, remember there is no one size fits all of resilience.

Resilience is everything and you build the muscle stronger over time because you’ve created the evidence that there is always a way through, there is always a solution to be found. Resilience is the difference between making bold moves & staying stuck.

Resilience is a great tool for an entrepreneur, as rightly mentioned it is about empowerment and enhancement, It comes from your willingness to do whether it is about your health, or relationships or professional success

Todo emprendedor destacado debe ser resiliente por definición. NO se trata de ser optimista sólo por el hecho de serlo. Se trata de ser muy objetivo y entender que los retos son tu verdadera medida y que el desarrollo de una mentalidad adaptativa y disruptiva te darán la ventaja y se volverán tu diferenciador competitivo. No ignores los detalles en tu emprendimiento, no se trata de ser perfeccionista, sino muy exigente contigo mismo para que modeles tu autoliderazgo y entereza para con tu equipo. El éxito es un tipo rudo, pero amable cuando lo conquistas.

One thing that I've found useful in developing a positive mindset, is taking on a new hobby, or a new positive habit GYM, hiking, or cheering for your favorite team.

Almost everyone that I have met that is a successful business starter has one thing in common. An unshakeable resilience and an unwavering commitment to carrying on. The business can fail, the idea, the group, whatever. But they won't because they refuse to accept failure as the end of their story.

Planning forward after a setback is crucial for charting a course toward success. Begin by reflecting on the lessons learned from your experience and how they can inform your next steps. Consider what worked well and what didn't, and use this insight to refine your strategy moving forward. Set clear, achievable goals that align with your vision and values, and develop a concrete plan for reaching them. Be flexible and open to adjusting your approach as needed, and stay committed to learning and growing along the way. With careful planning and determination, you can turn setbacks into opportunities and chart a path toward future success in entrepreneurship.

In almost all the success stories of entrepreneurs you find failures and crucial turning points,In the first few times around. That’s why having clear idea of your goal and if being flexible on your approach for your business is so important. This might be the difference between giving up, and continuing with a renewed approach and passion,with success at the next corner.

Sometimes planning forward is literally getting up in the morning and taking it a minute at a time. When failure happens on a major scale (or so it may seem) it can be debilitating. Taking the time to plan and breaking it down into smaller doable chunks will mean there is clarity of how to get where you want to go. Use your learning to try and try again.

After facing the challenges of a failed entrepreneurial venture, it's crucial to channel the lessons learned and resilience gained into planning your next steps. Whether it involves launching a new venture or altering your current approach, it's essential to proceed with a well-thought-out strategy. Explore various scenarios and develop contingency plans to adapt to the unpredictable nature of entrepreneurship. Embrace flexibility as you navigate this journey, using the insights from past setbacks to make informed decisions. Your experience of failure serves as a guiding beacon, directing you towards more informed choices and ultimately, towards achieving success.

Know how to talk about the venture that didn't work out. The best way to move on from your last commitment is to really have moved on. Give a brief outline of what happened (e.g., funding didn't materialize, costs rose faster than sales). Highlight what you learned (and why funding won't be an issue this time around, or how you'll handle an uptick in costs this time), and then turn the focus back on who you're talking to and what they want to talk about.

There's no such thing as failure, it's only a hurdle, one has to remain motivated, by learning from lessons, and evaluating all processes through the experience. The most important part of the evaluation process is the human interaction through the experience, and the people met through it, know exactly WHO is WHO.

Il faut beaucoup d'humilité pour comprendre que même en se donnant à fond le résultat n'est pas garanti. C'est pour cela qu'il faut prévoir des plans A, B et même C, au cas où...

Este planejamento por si só não será uma garantia de vitória. Poder planejar-se pode ser a grande chave para recuperações menos traumáticas após os problemas e fracassos. Quem pensa e planeja também em cima dos erros não “congela” ante aos revéses. Ter um plano B, C ou até um D para tudo, até para a chance dar tudo errado nunca será jogar tempo fora.

Support networks and mentors are an absolute vital piece of the puzzle. If I've learnt anything from my journey is that the people who you surround yourself with have to bring something to the table. If they are not rooting you on, find those that will.

It’s bound to happen . If not now then later. Unless you are born entrepreneur, which I believe no one is , we all learn in the journey of entrepreneurship. How do we label it matters ? Is it failure or a beautiful experience to know - “ How not to run things around?”. The worst thing in entrepreneurship is not able to take decisions and own up to them. If your entrepreneurship failed , take ownership of all the decisions taken. The bad, the ugly and the ugliest. Take some time reflecting on them to know how better decisions could be taken. Note it down deep in your hearts folds. Tap yourself in the back and start your journey with your heart with its folds in your sleeves.

El éxito es un viaje, no un destino. Si bien la pasión y los recursos financieros son importantes, son solo una parte de la ecuación. Al desarrollar ciertas cualidades y habilidades se pueden aumentar las posibilidades de alcanzar las metas y vivir una vida plena y significativa. Se necesita una mentalidad adecuada, creer en uno mismo, esfuerzo constante, sacrificio y dedicación, ser siempre curioso para explorar nuevas ideas como también ser dispuesto a a aprender nuevas habilidades.

Esteja preparado para quase tudo. Inclusive para o caso de tudo dar errado. As maiores empresas do mundo sempre tem um plano de contingência para as falhas e os fracassos de qualquer natureza. Fracassar não significa que não se possa recomeçar. Detalhar os passos de retomada, raciocinando com as chances de erro pode e deve ser parte de qualquer planejamento estratégico.