I was teaching a workshop to a group of aspiring business owners and we were talking about the fear of failure. I said that successful entrepreneurs recognize that failure is a possibility. (oh yes, she said it). And I'll say it again...successful entrepreneurs recognize that failure is a possibility.
I know, great motivational speech, right? But stay with me for a minute because here’s why I said it.
There will always be unforeseen circumstances that can put someone out of business – the economy goes into recession, there’s a fire and your insurance doesn’t cover your losses, or the next best thing to sliced bread is invented and your bread is now stale.
But, being an entrepreneur is about taking calculated risks and having contingency plans in place. A properly vetted idea coupled with careful, deliberate planning can decrease those probabilities – placing success as the likely outcome rather than failure.
To be completely aware of all the bad things that can happen and still pursue the idea anyways takes great courage. For those glorious risk takers, the thought of not bringing their vision into reality is the greater risk. So they research and plan like a mo-fo.
And while a business may fail...you do not. You get up and you start the process over.
Resilience. If I had one word to describe the spirit of an entrepreneur, it’s resilience.
I was reading an article recently on entrepreneurship and saw this definition within the text: "an entrepreneur is a person who starts a business and is willing to risk loss in order to make money."
Which I thought was a good definition, but here's my little spin on it from the female perspective: "an entrepreneur is someone who's mind is in constant action, thinking of ways to do things better or solutions to solve a need; her motivation is to break beyond the status quo, fully knowing the risk, but the desire trumps all; she often battles great adversity, but prospers because of her belief in herself."
It's true, entrepreneurship is an island. And it saddens me to look back on my years of research to see how much some of these business owners struggled because she didn't have the support system. I battled my own naysayers...and it sucked!
It was because of those debbie-downers that I created The Moxie Project. And so, I've been brainstorming an idea on how to help other women have access to the support they need, keep them accountable (it's easy to fall back into our routine) and have an objectionable, yet loving sounding board. Look for a follow up email over the next couple of days with the details as I really want input from you on what you need - whether you are just in the idea phase or if you've already started on the path.