Yes, you’ll fail. This is how you’ll actually learn from it

  Failure is an inevitable part of the entrepreneurial journey and even the most successful entrepreneurs experience failure at some point. While having a positive attitude towards failure is a good indicator of future success, the advice we often hear about embracing failure can be counterproductive as it conflicts with our natural, emotional response. Here, Gwen Moran shares some top tips from executive coaches and leadership experts on the steps you can take to manage your emot...
Continue reading
  0 Comments

Reflecting on my failure to build a billion-dollar company

The secret to success is to set the right goals. And to set the right goals you need to pursue the right definition of success. In a society that glamorizes wealth and power, it's easy to lose sight of your true mission as an entrepreneur. "For years, my only metric of success was building a billion-dollar company. Now, I realize that was a terrible goal," says founder Sahil Lavingia. Here, he shares how redefining his definition of success and realigning his goals helped him salvage his failing...
Continue reading
  0 Comments

How to overcome your fear of failure

Fear of failure is one of the biggest obstacles to success and to overcome your fear, you need to change how you perceive failure. What one person considers a crushing defeat, another sees as a minor setback and a learning opportunity. "The chips aren't always going to fall where you want them to — but if you understand that reality going in, you can be prepared to wring the most value out of the experience, no matter the outcome," writes executive career transition coach Susan Peppercorn. ...
Continue reading
  0 Comments

How fear helps (and hurts) entrepreneurs

Despite the high potential for failure, you don't have to be fearless to be an entrepreneur. Most entrepreneurs experience the same fear of failure as anyone else. The crucial factor that determines whether they continue with their venture is the source of their fear. While some sources of fear may create obstacles others can fuel your drive to succeed, say researchers James Hayton and Gabriella Cacciotti. Here, they identify seven sources of fear and how they can either help or hinder your succ...
Continue reading
  0 Comments

How to deal with failure and pick yourself back up

To be successful you need to be able to take risks and accept the possibility of failure. It's almost impossible to go through life without experiencing some kind of failure yet some people are so afraid of failing it prevents them moving forward. If you allow the fear of failure to stop you taking any chances in life, you'll miss some great opportunities along the way. Here, Dylan Buckley explores the importance of embracing failure as an opportunity to learn and grow—with some top tips on how ...
Continue reading
  0 Comments

4 reasons why failure can lead to spectacular success

Many startup founders, entrepreneurs and business leaders experience failure, often multiple times, before they become successful. While it's natural to fear failure, the road to success rarely offers a smooth ride and being able to handle setbacks is crucial. However, it's not failure in itself that's important; it's how you respond to it that matters. And failure is only as useful as the lessons you learn from it. Here, LaRae Quy shares four reasons why failure can lead to success and how you ...
Continue reading
  0 Comments

What really kills most startups

Failure is common feature of the startup ecosystem and while there's rarely one single reason for a startup's failure, having products or services that don't serve a market, running out of cash, being outcompeted or price/cost issues are among the most frequently cited reasons. "But the technical cause of death is usually a veneer," writes Carl Tashian. "Behavioral cultural, and interpersonal issues are among the biggest killers of startups, but they are seldom discussed." To help you avoid expe...
Continue reading
  0 Comments

How to know when to close your business and start over

Although entrepreneurs are known for their persistence that doesn't mean staying on board a sinking ship. The key to your success is knowing when there's nothing more you can do to save a failing business and channelling your persistence and resilience into starting afresh. And if you don't close the business before you're in financial ruin you'll have fewer emotional and financial resources to put into a new one, writes Jasmeet Singh. To help you choose the right course of action, he shares her...
Continue reading
  0 Comments

The 5 signs of a struggling startup, and how to reverse the trend

Launching and growing your own business is an exciting yet challenging venture that requires courage, tenacity and resilience. There's a high failure rate among new startups and it's common to experience multiple failures before achieving success. There are numerous reasons businesses fail, including unforeseeable circumstances. Often however there are warning signs that the business is faltering. Here, Fionn Concannon shares how to recognize problems with your team, customers, or finances—and t...
Continue reading
  0 Comments

10 warning signs your company may be failing

Just as there's no such thing as overnight success, businesses don't usually fail overnight either. Learning to recognize the symptoms of a failing business can help you differentiate between a temporary slump and more serious issues. "In many cases, there is a gradual and almost imperceptible decline that business owners might miss," writes Piers Ede. If you can spot the warning signs early enough however, you can decide whether to seek expert help to save the business or walk away. In this art...
Continue reading
  0 Comments

From the Community

Pinned Items
Recent Activities
There are no activities here yet

Join Today!

  • #ShapingtheOdds is completely free to join and use, and community members buy into the pay-it-forward philosophy of openly sharing help, knowledge, ideas and advice to fellow community members. 

    Register below, or read more here!

  • We recommend that you register and log in using the Facebook button.