5 Reasons Heartbreak Is Good for Entrepreneurs
By Peter Gasca,Entrepreneur and Small Business Strategic, entrepreneur.com
Those are the words of Alfred Lord Tennyson,
who first penned the phrase in the mid 1800s. While he may not have
intended them to apply to business, experienced entrepreneurs know that
there is a great deal of validation in his words.
That's
because while starting a business
is challenging and frustrating in
itself, more so is the pain and heartbreak when you realize it is time
to close and let it go. Much like a first love, your first business is
something you will pour yourself into, heart and soul, so the idea of it
coming to an end is enough to break anyone emotionally.
Heartbreak, however, either in love or in business, can be a good thing.
If
you are an entrepreneur who is facing the agonizing realization that
your business is failing, or you are holding back from starting a
business for fear of failure, then here are a few reasons you should
face the potential heartbreak with more confidence.
1. You will survive.
Most would-be entrepreneurs are terrified of failure, envisioning a failed business as an albatross they carry for life.
The truth is, regardless of how grand your business may fail, debts can
be negotiated, employees will find new jobs and broken business
relationships can be healed with honest transparency.
Remember, if you don’t let it kill you, heartbreak will make you a better person.
2. You will be better prepared.
Like
love, time heals the emotional wounds of a business failure. As you
rebound, you will be emboldened with new insights, knowledge and
experience. You will know better what it is you seek, what is important
to you, and more important, what you should avoid the next time you try.
Take on every heartbreak and failure as just another life lesson that prepares you for the next.
3. You will rebound faster.
You
will almost certainly have more than one heartbreak in your life, so
too will you have more than one business failure. Like heartbreak,
experience is what helps entrepreneurs rebound from and persevere
through each subsequent failure, and each time the recovery gets easier
and faster.
Finding new passion and enthusiasm gets easier when you better understand just how resilient you are.
4. You will be more valuable.
Experience
trumps inexperience. Yes, there are benefits to working with someone
who has not yet been tainted by institutional standards and paradigms,
but my experience has demonstrated that the most valuable partners are
those with whom I can relate. For instance, I find I have a deep
connection with someone who has also been stricken with panic at the
agonizing reality that you must close an office and terminate 20
employees.
Only experience teaches you how to cope with that.
5. You will appreciate more.
Like your first love, your first business will be difficult to enjoy. Fraught with uncertainty and insecurity,
your perseverance will be fueled by infatuation and optimism instead of
fact and reality. It is not until you have the experience to be more
selective about what you want (and don’t want) that you will ultimately
be able to appreciate the business for what it is. >>>
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