Failure Comes With 2 Options. Which Will You Choose?

This entrepreneur and public speaker discusses her transition from the corporate world to working as a consultant. May 2, 2019 1 min read Opinions expressed by Entrepreneur contributors are their own. Entrepreneur, professional speaker and author Leslie Zann shares a story about how her divorce forced her to reevaluate the way she approached life and business and helped her go all-in on launching her own business. Leslie talks about how she was stealing her own dream before she pushed past her fears and bet on herself, then previews the upcoming Think and Grow Rich The Legacy World Tour, where she will be speaking. Leslie and host David Meltzer share insights on their approaches to handling failure, why mindset can be more valuable than skillset and the optimal way to handle others’ dishonesty in business. Related: Here’s How This Fixer Has Helped Unicorn Startups Break Through Regulatory Barriers Read_More Related posts: 5 Ways […]

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How This Entrepreneur Built a Business Out of a College Project

If you wait to execute until you’re absolutely sure of everything, you will likely miss out on opportunity. April 9, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Mars Discovery District talks with Daniela Roeper, the founder of Borealis Wind. Borealis Wind is a company that aims to reduce the damage of ice on wind turbine blades in order to improve cold-climate wind energy.  Roeper’s original concept, devised in school, snowballed into a totally different result later on. The founder speaks about how her team was able to have her technology installed on a real turbine, only to later realize the system did not work as intended when put to use. From this experience, Roeper learned that you cannot wait until you know every single detail because at that point, it may be too late.  Click the video to play more. Related: How […]

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Why Ambition Is Nothing More Than a Willingness to Fail

If you want to see success, the founder of the Ritual app says you have to commit 100 percent. March 19, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Mars Discovery District talks with Ray Reddy, the CEO of Ritual, a mobile pick-up and pay app. Reddy points out that building your own business is more than just a job. You have to be ready to make sacrifices to make progress. Putting in 50 percent is simply not enough to achieve success.  Moreover, Reddy talks about needing to stay abreast of all the opportunities rolling out.  Finally, Reddy talks about staying open to failure. The founder calls failure the cornerstone of success. Taking risks and experiencing failure may be difficult, but it’s necessary to build something meaningful, according to Reddy. Click the video to hear more.  Related: Why You Should Take Time to Treasure the Small Victories […]

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More Graphic Design Failures You Should Avoid

More Graphic Design Failures You Should Avoid Ben Mattice March 7, 2019 It’s easy to get deep into a project and not step back to look at the whole picture. You think what you’re making is excellent. The people standing behind you are laughing their asses off. It’s all about perspective. If you’re going to create something that appeals to everybody, you need to look at your project from multiple perspectives. Before we dive into the insanity of bad design, check out these keys to good graphic design. This will give you a bit of perspective as we descend into a world of obviously blind graphic designers (yes, that is an oxymoron). 1. App Rent Ice Ships I really don’t know what ice ships are, but I kind of want one now. 2. How is She Going to Feed the Dogs? Rise from the grave, feed the dogs, go back […]

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3 Business Lessons That the Worst Year of My Life Taught Me

Going ‘all in’ on cryptocurrency as a business was a huge mistake, this contributor now acknowledges. February 18, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. For three years, from 2015 through the start of 2018, life was really good. In fact, that long stretch was probably the happiest time of my life. Related: How I Transformed My Business Failures Into Strengths Yes, I had been fired from my last full-time job, but I found a great girlfriend. Yes, I felt support enough to start my own agency with a fantastic business partner. And, yes, that business, Tailored Ink, grew by leaps and bounds. I started making six figures working with brands I’d never dreamed we’d land. I was invited to join the Young Entrepreneur Council. Honestly, life was almost perfect. Until it wasn’t. Peaks and troughs… That third year, 2018, started as good as the previous two years had […]

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Here’s How My Biggest Business Failure Improved My Leadership Skills

Everybody is a genius when things are going good. Failure and what follows is when you really learn who has what to offer. January 18, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. There’s a lot you can learn when your business fails — despite it being a devastating experience. Whether it helped you realize the importance of a support system, or validating your idea or helping you sustain a long-term goal, there’s usually a silver lining. However, I was surprised the failure of my business bolstered my leadership skills in the following ways. Failure shaped me as a leader. Perhaps the main reason why failure can be a rewarding learning opportunity is that it shapes you as a leader. When you fail, you must take ownership of the decisions you made. Whether if it was a bad investment, a flawed hire or a dud marketing […]

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How to Get Better at Handling Failure: Key Lessons From Entrepreneurs

Our culture equates failure with guilt, shame and depression, so you’ll need to learn some serious coping strategies. January 15, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. As an entrepreneur, you can count, with real certainty, on the likelihood that you’ll experience failure at some point in your career. According to the Bureau of Labor Statistics’ Business Employment Dynamics, about 20 percent of new businesses fail in their first year, and half fail by their fifth year. Even if your business manages to be successful for a decade or longer, you’ll probably fail by losing a major client, succumbing to a price war with a competitor or shutting down a plan for expansion. Related: Why Embracing Failure Is Good for Business You’ve heard it before, but what makes a successful entrepreneur isn’t avoiding failure at all costs; it’s being able to accept and learn from the […]

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Stop Playing Small

If we’re not failing, we are staying too safe. And you won’t grow unless you are constantly making yourself uncomfortable. December 9, 2018 2 min read Brought to you by Lewis Howes So often we are afraid to go all in. Whether it’s in a relationship, in business or in an investment, the fear of failure keeps us from fully committing. What a mistake. I’ve had to learn to love failure. I have to consciously tell my brain, “You’re going to fail. And it’s going to be OK.” Take the leap. Make the commitment. Dare to take a stand. If we’re not failing, we are staying too safe. And you won’t grow unless you are constantly making yourself uncomfortable. On today’s episode of The School of Greatness, I dive deep into the idea of going all in when the time is right with one of the most successful investors in the world: Matt Higgins. Higgins is […]

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How to Successfully Fail in 3 Easy Steps

Brandon Steiner, founder and CEO of Steiner Sports Marketing, on knowing when to hang tough and knowing when to say enough. December 5, 2018 4 min read Opinions expressed by Entrepreneur contributors are their own. When is it time to move on from an idea that is not working? That is the million-dollar question most entrepreneurs face. It’s easy to fall in love with something that you have created, but it can be very difficult to recognize and admit that your idea is not working. How do you know when it is time to shift gears?  I can think of plenty of times in my career where I should have been a better quitter and let go of bad ideas. Based on all of those failures, I developed a three-step process to test if my new ideas are worth pursuing: 1. Dream big, 2. Sample small, and 3. Fail fast. I like […]

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Change Your Mind About Failure

Gary Vaynerchuk makes the argument that just putting in the time and energy might not be enough to make a successful business. October 21, 2018 1 min read This story originally appeared on Lewis Howes Everyone thinks they can be a great entrepreneur. But is that what you’re best at? If a rabbit is trying hard to be a frog, it may make a decent frog. But it would be a much better rabbit. To be successful, you have to combine your natural talent with hard work. Even the most dedicated football player can’t make it to the NFL without innate skill. That’s why I’m revisiting a conversation I had with a person who was born to be an entrepreneur and who has spent his life pursuing it: the legendary Gary Vaynerchuk. Vaynerchuk is CEO of the full-service advertising agency VaynerMedia and is a venture capitalist who has invested in companies like Snapchat, Birchbox, Venmo and Uber. […]

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18 Brutal Business Failures by Wildly Successful Entrepreneurs (Infographic)

Even Jeff Bezos and Bill Gates made mistakes before making it big. October 20, 2018 1 min read Some people like to say that entrepreneurs are born, not made — that you either have the talent to start a billion-dollar company or you don’t. But, some of the most famous and successful entrepreneurs in the world struggled to find their way.  For example, J.K. Rowling had difficulty finding anyone to publish the Harry Potter series, and while she worked on the books she lived as a single mother on welfare. Tim Ferriss received 25 rejection letters for The 4-Hour Workweek. Even geniuses such as Bill Gates and Jeff Bezos had business failures.  This infographic from Pound Coffee breaks down 18 great examples, which you can use for inspiration in the low moments of your pursuit of entrepreneurship. Whether you’ve gotten rejected, faced failure or just lost a little steam, this list might […]

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Big ‘Epic Fails’ Can Feel Like a Punch in the Gut. What Should You Do After?

Epic fails are hard to experience and even harder to recover from. Here’s your plan to get to the other side even stronger. August 24, 2018 5 min read Opinions expressed by Entrepreneur contributors are their own. Having recently experienced the type of potentially dream-ending epic failures that can easily creep into and take over an otherwise can-do mindset, I decided put all the advice I have received over the past decade to the test. I have written and talked a lot about failure and its significance in the process of disrupting for years. The topic is hard to avoid in the world of innovating new ideas, of pushing the limits to make a dent in something bigger than yourself. And, while it’s true what people with entrepreneurial mindsets seem to all know: failure may just be our biggest opportunity to learn and to create something extraordinary. Related: The Elon Musk […]

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Serena Williams Gave a Master Class in How to Get the Most Out of a Failure

The GOAT gave it her all at Wimbledon. She didn’t clinch the title, but everyone can learn from how she handled it like a champion. July 16, 2018 4 min read The Wimbledon women’s final over the weekend came down to Serena Williams and Germany’s Angelique Kerber. Williams was aiming for a 24th Grand Slam singles title, but in the end, it was Kerber who emerged victorious, earning her first Wimbledon title. After the two players embraced and Williams congratulated Kerber on her achievement, she gave a moving post-match interview that is a prime example of how to find a win even in a tough loss. “It was such an amazing tournament for me,” Williams said. “I was really happy to get this far. It’s obviously disappointing, but I can’t be disappointed. I have so much to look forward to, I’m literally just getting started.” When asked about the appearance […]

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Why Successful Entrepreneurs Are Unafraid to Face Failure and Change Course

Jeff Rose talks with Antonio Centeno about their shared experience as entrepreneurs who took lessons from military service. July 4, 2018 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Jeff Rose talks with his friend and fellow entrepreneur, Antonio Centeno, who is the CEO of Real Men Real Style. Centeno joined the Marine Corps when he had just graduated from college; from there he went to work as a CFO and eventually start his first company, A Tailored Suit. Centeno also talks to Rose about his background in the military, where his perception of failure changed. While there, Centeno became what he describes as hard-headed and increased his willingness to suffer to avoid failure. A hard-nosed drive both helped him to stick to his pursuits, but also made it slightly difficult to see when he should re-align his goals. At the end of […]

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Why Embracing Failure Is Good for Business

Here’s how making mistakes — and encouraging your team to do the same — can become your business’s competitive advantage June 20, 2018 8 min read Opinions expressed by Entrepreneur contributors are their own. When you’re building a business, a lot of people will offer you advice. But, I’m going to bet that you won’t hear this often: Make lots of mistakes. They might say, “Take risks!” or, “Don’t hold back!” but they probably won’t make the business case for how this mindset can actually give you an edge over your competition, make you a stronger leader and set you and your team up for greater success in the future. Related: Why You Need Failure in Order to Realize Success At Away, we’ve built a culture that celebrates our mistakes. In fact, we made a pretty major one before we even launched: We realized there was no way that our first production […]

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Stories of Rejection From 8 of the World’s Most Successful Entrepreneurs and Leaders

These innovators share how they learned from their setbacks. March 30, 2018 7 min read No matter what you do, if you decide to pursue entrepreneurship, you’re going to have to deal with a lot of “no’s.” But it isn’t the setback that defines who you are, but how you handle it. You want to make sure that if you hit a brick wall, you don’t let it deter you from staying the course. Read on for what the most innovative and successful leaders took away from their brushes with rejection. Related: She Was Told ‘No’ 100 Times. Now This 30-Year-Old Female Founder Runs a $1 Billion Business. Steve JobsThere’s no denying that Jobs is a tech icon. But his famously combative leadership style often rubbed people the wrong way, so much so that in 1985, he was fired from the company he founded when Apple’s board of directors removed […]

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Five Truths About the Mindset of a Successful Entrepreneur

The most important part of any entrepreneur’s journey? Mindset. Learn the five most important lessons I’ve uncovered about mindset and entrepreneurship, plus how you can be featured in an upcoming video on my YouTube channel! Pat Flynn February 12, 2018 Wow, 2018. It’s safe to say that this year is a big year for me. October marks the ten-year anniversary of starting my business, and on June 17th it’ll be ten years since I was laid off (not that I’m keeping track or anything!). In fact, there’s something special that’s going to be happening on June 17th, 2018—but I’ll save that for later. But . . . ten years. What a journey it’s been! Over that time, I’ve moved from focusing mainly on my own business to becoming a coach and teacher for others getting started in online entrepreneurship. I’ve had the opportunity to guide so many smart, committed people […]

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SPI 250: Stories of Failure that Turned Into Something Great

I love sharing success stories here on the Smart Passive Income Podcast. But how often do you get to hear entrepreneurs open up about their failures? That’s what I’m exploring in today’s episode, thanks to ten brave folks who submitted stories about their darkest moments. Today’s guests have survived some extreme low points—everything from divorce and getting laid off to getting robbed and living out of a car. Every single one of them, however, made it through to better times. You’ll hear how they outmaneuvered business setbacks, pivoted into new careers, rediscovered their joy, and so much more. If you’re going through a stressful time right now, I hope these stories (including a few of my own) remind you that great things can come out of tough situations. Hang in there, and I’ll catch you in 2017! Thanks for Listening! Thanks so much for joining me again this week. Have some feedback you’d like to […]

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