Rise Like a Phoenix: How to Start All Over Again as an Entrepreneur

Very seldom does a person succeed upon their first try. They must attempt and fail repeatedly

until their plans finally do reach some measure of success. They then readjust their plans to

achieve an even greater amount of success. Nowhere is this more true than entrepreneurial

endeavors. You are incredibly likely to fail one or more times before you succeed. Failure is

just a bump on the road to success. Many entrepreneurs fail. Even successful ones have big

ideas that fail. Some have lost everything, yet they have managed to rise up once again to create

multi-billion-dollar businesses. Let’s explore five strategies that will help you give better odds of

success to your next attempted startup.

1. Think Positively About Failure

The most discouraging part about failure is the fact that you might view it as a failure. You may

feel depressed and unwilling to try again.

To correct this, think about your failures in a positive light. They are a success in discovering

what doesn’t work when it comes to business.

When you understand why you have failed, you can begin to start over again.

2. Consider What You Did Gain

Even if your last attempt at creating a business was a failure, you likely acquired numerous

things. These assets may be in the form of something physical, such as office furniture or

computers, or they may be something less tangible like information.

The point is that you’ve acquired capital that you can use for your next endeavor.

3. Recover Some of Your Investment

If you do have items you can sell from your last attempt, then do so. They can be used to help

you skip parts of developing your next business.

You may be able to purchase services, implement a cheaper way to manufacture products, or

spend more on marketing your next big idea. This gives you the means to succeed, which in turn

allows you to rise from the proverbial ashes.

4. Don’t Dream

Originally posted by dagligabilder

Dreaming is something that can get you in trouble as an entrepreneur. It can encourage inaction

by allowing you to slack.

While you should try to innovate, focus less on dreaming and more on doing. This will

significantly increase your chances of creating a successful business that can take more than just

a few steps forward.

5. Push Yourself

The most important part of running your own business is creating a drive to succeed.

When you decide to “try again”, ensure that you have a way to motivate yourself. Celebrate

every success you achieve, but continue to strive for more.

You will find that your business becomes significantly stronger when you strive for more. A

strong work ethic and a drive for success will grow your business in ways you can only imagine.

Success Comes to Those Who Continue to Try

Failure is something that is unavoidable. The difference between successful entrepreneurs and

those that truly fail is the ability to turn failure into an asset.

The aforementioned tips will help you beat back the tides of failure. You can then uses the ashes

of your previous entrepreneurial attempts to rise like a phoenix to create a bright and successful

startup.

Roman Temkin is a successful entrepreneur from NYC. Temkin loves to share his insights on

entrepreneurship with aspiring entrepreneurs.