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5 Ways for your Startup to Overcome Massive Failure

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It’s often very easy to talk about success but talking about failure can be a lot harder. I recently caught up with an expert in the topic, Dave Nelson. Only a few years ago Dave was broke and in debt, now he is one of the most well-known people in the Australian Network Marketing Industry. So much so, that he has recently released a book called “The New Era of Network Marketing,” which he sees as his biggest personal win. Whilst being in his twenties and driving a Ferrari every day, Dave still remains humble and really wants to share his knowledge.

Whether you believe in Network Marketing or not, it doesn’t really matter, what matters is that it’s an entrepreneurial journey and one of the hardest. When you pick a really hard industry to get into, like network marketing, it’s even easier to fail. There is no money down to join so it becomes “easy in, easy out”. The difference is if you spent $50,000 to get into something then you probably won’t quit as easy.

Dave see’s his biggest failure as having sales in his business go on a downward spiral, even after spending money on marketing and still seeing zero return. He turned this around by doubling his team’s weekly sales in a couple of months, which became the highest point in his business to date. In order to achieve this phenomenal result, Dave’s team believed that “mastery lies in the basics”.

The standards of their basic actions were all over the place initially. It wasn’t about releasing more product lines or a new marketing campaign; it was about raising their standards and doing all the little one percenters.

What is failure?

Failure is quitting. Failure is when something is over, you have quite and you have actually gone under. Perceived failure is where we make the mistake. We often think we are failing when we are not.

Below are Dave’s five ways for your startup to overcome failure.

1. It’s not hard it’s just you thought it was going to be easy

Dave spent about $15,000 starting his own juice delivery business, which failed. He ended up with a large number of empty water bottles sitting at his house as well as all the council permits that never got used. He eventually ran out of money and didn’t have any sales coming in so he closed the business. The big lesson that Dave learnt from this early on was that he hadn’t anticipated how much hard work was actually required. Often this can be the biggest mistake for founders who haven’t done a business before.

No startup has ever had an upward curve every month. There’s failure’s every month in some aspect whether it’s retention, new orders or a marketing campaign that doesn’t work. There are thousands of mini failures; you need to look for the lesson within the failure so you can grow from it. This is what will build a strong platform and strong startup. Grant Cardone says, “it’s not that business is ten times harder than what people think, it’s that entrepreneurs think it’s going to be ten times easier than it really is”.

What is so great about failure is that you get stronger with every failure you go through. When you go to the gym and you try and lift heavy weight you usually fail the first time and it really hurts. When you consistently keep trying to lift the same weight, eventually your body stops hurting and you can start looking to lift heavier again.

“A great idea is not enough; you must dedicate the time and energy to it.”

One of the most frustrating things in business is to have a consistent plateau. To overcome this, you have to try and stay positive and find where the glitch is in your own system is. From here you obviously need to fix it before you can move on from the failure. If you’re an entrepreneur that does a lot of reading (and you should be) then you would have read plenty of stories of entrepreneur’s and even successful millionaires, failing multiple times.

There are so many Virgin marketing campaigns that you’ve never even heard about, but it takes all of that failure to have a few that work. Keeping this in mind is what helps keep you positive. If you’re not consciously aware of this then it’s easy to get down and get stuck in a rut.

2. Pay no attention to the Naysayers

Fear of judgement is one of the great fears of the human existence. All entrepreneurs have been judged by the naysayers and the critics at some point in their journey. Often these people judge you because your success can highlight their failures and so in turn, they want to see you fail. Understand that this is the dark side of humanity and that it’s normal. You can’t be in control of this you just have to be in control of what you do.

Even if you’re onto your third failed startup you should keep going as long as the desire is still there. The average millionaire has gone through eleven different failures, so if you really want it and it’s in your blood, you should go for it! The only real question though is how long do you keep going on the same venture until you move onto the next one? Only you will know when the time is right but don’t quit too early because a lot of entrepreneurs quit just before they are about to hit momentum and then they never get the reward.

Once you’re an entrepreneur there is no going back. For you to go from being an entrepreneur, back to a day job, would be like prison on earth, so keep persisting.

“Sylvester Stallone was an overnight success in 20 years.”

3. Use Personal development, you’re not god

Stories from biographies or leadership experts like Tony Robbins and Robin Sharma help to give you a new perspective. Without self-development, sometimes your perspective is your failure. If you have read the books and you know that everyone has been through it, then now you have a path to follow because someone else has already paved the way. Personal development really helps with your beliefs; putting things in a positive perspective, dealing with problems and helping you manage your emotional state.

You would have to be very godly to make it to the top without a lot of help along the way whether that’s a book, a mentor, seminars, audiobooks or Youtube videos. This is why people are developing so fast these days because we have so much access to these resources. Thanks to platforms like Youtube, you can now watch the most successful people on the planet and the way they use speech and body language. Once you have watched a few videos you can then mirror these traits yourself, for free.

4. Understand the entrepreneurial traits and mindset you need to win

Your character has to be unyielding, you have to be so strong because it’s hard to be confident and push through the mud when things are not going well but this is the true test of your character. Dave also says “back in the 1500’s you had to be physically a warrior to survive but today the battle is all in the mind”.

A good way to describe how you need to be is “compassionately ruthless” and relentless. You still need to care about people, but you have to be so strong because only the mentally tough will survive. Don’t dwell on things and self-condemn, as this will only cause you to be down on yourself.

The ones that think outside the box, question normality, don’t follow the herd and were even a little bit crazy at school often end up becoming excellent entrepreneurs. Usually, the ones that aren’t a bit crazy tend to quit. All of these traits are great, but you still must be hardworking.

If these traits sound like you and you’re not an entrepreneur, maybe its time for a career change?

Everyone’s failed and it’s in everyone’s story. What you will generally find is that the failures will often create the success because the failure creates such a void in their life; so then they have an extra drive to be successful. Sometimes the failure and poverty can actually be your best friend and so many successful people and startups come from this place.

5. Make sure you manage your state and learn to deal with fear

From the start of your journey into the business world, you often come in with no emotional strength but then as you experience the failure you start to build it.

Understand that fear, hesitation and thoughts of quitting are very normal. Your state management as an entrepreneur, which includes your charisma, energy and confidence, is very important to turn on even if you’re failing. If you don’t turn these on then your actions become a reaction of your result. This means every time you have a down in your business your energy is not going to be where it needs to be. Be very aware of your state management and stay positive no matter what.

Our world is based on duality (cause and effect) and if your effect is failure then there is some action occurring in your startup that needs to change. Within every failure, there is a lesson to be had and a chance to see where you can improve in your business.

“The only difference between the winners and the losers is that the winners just keep going even though they have the same fear.”

Dave’s Favourite story of Success

Everyone assumes with Richard Branson that everything he touches turns to gold. A lot of the businesses Virgin has done have failed badly yet most people don’t realise it. If more people knew this then they would survive longer in the business world, not get so down on themselves and try more things. Generally, a lot of us only see people’s successes and this needs to be something that we become more aware of

If you would like to hear more from Dave Nelson then visit davenelson.tv or read his book The New Era of Network Marketing

Tim is best known as a long-time contributor on Addicted2Success. Tim's content has been shared millions of times and he has written multiple viral posts all around personal development and entrepreneurship.You can connect with Tim through his website www.timdenning.com

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4 Comments

4 Comments

  1. Jagdish Kashyap

    Nov 19, 2015 at 8:39 am

    I think failure is the most important thing to be a successful person – Without a failure you can’t access your full potential.
    I’m to a successful person YET but one day I will be! – I just wanted to drop my comment, let me know if i’m not wrong about “Failure”

    #ProudToBeAFailure
    Cheers!

    • Tim Denning

      Dec 30, 2015 at 2:43 am

      Jagdish I totally agree. Failure is an entrepreneurs university education.

  2. Salifu Junior

    Mar 10, 2015 at 9:25 pm

    It is not so difficult to start and nourish a startup. You plan well and act on your plans, however in between there is real work to do and real persistence to endure. Those who become successful are those who manage to stay on when others have abandoned the ship.

    • Tim Denning

      Mar 11, 2015 at 8:17 am

      Really wise words Salifu and so very true. Thanks for your words of wisdom.

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Startups

5 Hacks to Improve Your Writing Skills in English for ESL Learners

Phil Collins

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Studying in college is hard for everyone, but ESL learners arguably suffer the most. Moving to a foreign country, learning a new language, and keeping pace with the rest of the class may seem like an unbearable burden. It’s okay to feel overwhelmed, but you have to pull through and not give up. 

In moments like this, it’s always a good idea to seek help. Whether you go to WriteMyPaper to order an essay or just talk to a friend, admitting vulnerability is an important step towards improvement. In this article, you will find some tips on how to get better at essay writing, even if English is not your native language.

 

Control Your Environment

Improving your language skills is all about constant practice. Living in an English-speaking community is the first thing you should do to start your practice. It might be tempting to surround yourself with people who already speak a familiar language. However, this way, you won’t be practicing English on a daily basis.

You need to make those lessons almost intuitive in a way that you don’t have to do anything to learn the language. If you live in an English-speaking community, for example, if your roommate speaks English, you will have to practice the language, whether you want it or not.

Still, make sure you don’t take it too far. Taking care of yourself is still as important as ever. Feeling like an alien for the sake of education is not worth it. Remember to keep in touch with your friends and family, talk to them as often as necessary.

 

Practice Constantly

Practicing language is not just about doing your homework. You can make practicing English a normal part of your daily routine by watching TV, listening to music, and reading books in this language. 

Yet, this is a bit tricky. When being surrounded by white noise, people tend to learn not to notice it. You need to ensure this doesn’t happen. As you watch movies or read books, maintain your attention on what you’re doing. If you hear or see a word that you don’t understand – translate it and write it down. Be mindful and remember what you’re doing this for.

 

Writing Is The Answer

If you want to specifically learn to write, you need to do one thing, and that is to write. Continuous practice will help you understand what mistakes you often make and, in time, eliminate them. Focus on your goal, and don’t get discouraged when something’s not working. After all, even Rome wasn’t built in a day!

Get a journal and write in it daily. Pick a new topic every time and note everything you can think of. It’s also important that you write by hand, a spelling checker in your computer is tempting, but it will not help you remember how to spell words correctly. 

Besides, journaling as a habit has multiple health benefits, and it can be therapeutic. It can help you get in touch with yourself and process your emotions better.

 

Learn In a Group

It’s proven that learning in a group is more efficient due to the sense of competition. Find a bunch of like-minded people who want to study with you or join an already existing one, like a speaking club.

The benefit of such activities is that you get all these people from entirely different backgrounds who are all good at various things. This will help you exchange experiences, which is impossible if you’re alone.

Schedule regular meetings, come up with topics to discuss and activities to do. You could watch videos or movies together, or talk about common things. Having assignments like describing an event can also be beneficial for the entire group. This way, while one person speaks, the rest think about how they would say the same things differently. 

This will help you feel more confident in your skills and, consequently, speak and write better.

 

Expose Yourself

The most important thing about learning a language is not to be afraid of making mistakes. It’s inevitable; you just have to take it as a natural part of a learning process. 

A child that is learning how to walk doesn’t give up after falling once, and you shouldn’t either. It’s most likely that your friends understand that you’re just learning a language, and they won’t laugh at you for misusing a word or a few. 

Get over that fear of error and make as many mistakes as it will take. Treat it lightly, and don’t beat yourself up for it. On the other hand, try to attend as many events as you can that will expose you to the foreign language. Not only will it boost your English skills, but also improve your social confidence!

 

Wrapping Up

Learning a language is hard; there’s no arguing about that. However, it’s going to get easier with time. Take every hard thing that life throws at you and turn it into a lesson. 

Watch your favorite movies in English, converse with native speakers, and you’ll see the improvement very soon!

Remember to be patient about it. Don’t give up, and don’t beat yourself up over something that you have so little control of. Good luck!

 

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Remote Work + Education: 3 Tips for Students Who Want to Have It All

Phil Collins

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remote work for students

Probably one of the greatest changes for the last year is the shifting to distant learning and working. There are many advantages to the issue, like, not having to commute every day, staying at a cozy home for a whole day. It makes our lives easier in terms of saving time and energy.

If you’re a student, you don’t have to bust out your textbooks every time you go to university. Instead, you have everything close and on the tips of your fingers.

However, within all the positive moments of distance learning, it is highly challenging for many of us. At college or in the office, we have a schedule, a plan which we simply have to stick to.

There is also a boss or a teacher who gives us tasks, checks and monitors our performance.

Well, now, we are our own bosses and teachers and have to come up with the plan and track our tasks independently.

So, how to stay tuned and efficient if you work and study from home? How to get the most of it and not drown in the ocean of procrastination? In this article, you will find three tips to help you out!

 

Set Up Your Workspace

When many think of a distance learning or work, they imagine themselves wearing pajamas and lying on a couch all day with the laptop. No more dress code, make-up, early mornings, coworkers or group mates, paradise!

This is a common misconception of remote work. If you want to work and study from home, it is crucial to create a space where you would stay focused and productive.

Still, if you have had a hard day and feel like having rest on your comfy couch, but there are assignments to be done, leave your worries to professionals in paperwritingservice, just place an order and enjoy your day.

When we both work and study from home, we stay with all those household essentials and, at the same time, have to focus on tasks. That is why a perfect workspace has to be created. So how to reach this ideal atmosphere at home? Here’re some pro tips.

 

Separate Spaces for Everything

This is a common problem for many that they sleep and study at the same place. Our body is a smart mechanism, which gets used to conditions very quickly.

So, as you sleep in your bed, every time you lie on it, your body gets ready to relax and concentrate is the last thing it is ready for. This principle is applied to any other space in your house.

So, your workspace should be particularly aimed at learning or/and work. Every time you get there, your brain will be ready to do the job.

 

Get Rid of All Distractions

This is a very important step if you want to stay productive at home. Your home may be a dangerous space in terms of concentration. To make it easier, help your brain and get rid of everything that might attract your attention and ultimately prevent good performance.

 

Plan Your Day

Every morning when you wake up, you approximately know what the tasks for a day are. So, what’s the sense in planning a day if you already have it all in your head?

This is one more important concept that helps us have everything done on time. Planning a day saves you time and boosts motivation and disciplines.

 

Here’s how it is done:

  • You write down a list of tasks that have to be done;
  • Prioritize them from less important to more important;
  • Hang this list somewhere, where you can always see it;
  • Mark completed tasks.

When you mark the task as accomplished, you’ll get a sense of satisfaction, which may be compared to some sort of praise. There are many tools to write a to-do list from paper to online apps.

 

Dedicate Time for Yourself

When you work and study from home, there will be a risk of abandoning our personal time in favor of more important matters. This factor leads not only to great results but also a concept called burning out.

When people face it, they feel exhausted, demotivated, and apathetic. To avoid this, it is crucial to have time for things you enjoy. It may be a sport, hobby, listening to music, watching movies, seeing friends. Your brain has to relax and get positive emotions to be more efficient in the long run.

 

Final Words

No matter if you want to work and study from home, these principles can be applied to any activity. To manage it all, just follow these basic rules, and you’ll see how your productivity boosts.

Good luck with all your endeavors!

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5 Ideas on Starting a Business in College

Phil Collins

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Getting your own business is a very responsible yet liberating undertaking. By starting a business while still in college, you can be sure to have an income when you graduate or to at least get some life-saving skills and experience that will help you land whatever job you like later on.

Although starting a business can be quite intimidating, there are lots of resources online that will help you go through the process easier. In the meantime, here are some valuable ideas that will help you make sure your business turns out to be a success.

Develop a Business Proposal

Before starting a business, you need a working idea, something that you can sell to your potential customer. Having an idea is, unfortunately, not enough for success here. It is important to make sure that there is an audience, a group of people that actually needs the product you want to create, and will be interested in buying it. You can even define a “Buyer Persona,” which is basically a description of your target customer, what they are like, what triggers them, what their interests and needs are.

Business proposals can be different, depending on how big a business you want to start. In case you are thinking about looking for some investors, your business proposal should be a solid description of your business idea, convincing enough for people to understand that they will get their money back and gain some profit when your product goes live. In case you don’t need investors, your business proposal can be more of a business plan outlining the main facets of your business idea and the things you need to do to make it work.

Get Some Help

As a person new to the business world, you might need some helpers and advisors to keep everything under control. When it comes to your studies, there might come the point where you need to choose between your business and your degree. To manage the problem, you can reach out to a professional academic writer from essayservice and ask them to take care of your assignments while you focus on developing your business.

 

 

Additionally, you might need to reach out or hire some business or tax advisors, or at least request a consultation with them. Starting a legal business will require you to be good at paperwork, which means some preparation is in place. With a business advisor by your side, you can be sure not to miss any important steps when developing and marketing your business. If you define your company as a start-up, it is possible that some business advisors will be willing to help you out for free, given that they get interested in your business idea and want to get profit out of it too.

Create a Website

Whatever business you choose, whether you deliver services or products, you need to have a website. Luckily, you can make do with little investments here: you don’t need to hire an IT guy or a Web Designer as there are lots of tools where you can create a great website from scratch. You might just have to pay for your domain if you want it to be unique. One of such sources is Wix; it is a free website builder.

Why do you need a website, you might wonder? Well, the days when people learn about businesses from newspapers and leaflets are long gone. Now everyone will go online, look your business up, and expect to see some clear definition of what it is you do and what value you can bring. In case you want to open a shop, your website will function as an online shop. In case it is a service you are offering, your website will give your potential customer enough information about your service and will hopefully convince them to reach out to you and order the service.

Work on Social Media Channels

Having social media channels is as essential as having a website in 2020. While a website is a place where people can order and buy your products or services, social media is a sort of a platform that will lead them up to your website.

With the help of social media channels like LinkedIn, Instagram, Facebook, and Twitter, you can find the right people, give them a brief description of your business, and get them to visit your website and learn more about what they can get there.

 

 

Social media is what can also help you develop a strong online presence and customer loyalty. Online presence means that your business gets regular online exposure. People see posts and notifications about it daily and thus remember and highlight it. When it comes to customer loyalty, social media can help you engage your potential customers, get their interest, and devotion to the product and the very idea of your product. They basically need to feel “at home” with your business, like it is something very close and personal to them.

Try Again Until You Make It

The reason why many businesses fail lies in the fact that people tend to give up if they fail, simple as that. However, the truth is that failure is part of the process. It is a sort of a learning curve you need to go through before you make your business into what it should actually be like. That’s why you should never expect to succeed on your first try or get disappointed if you fail several times in a row. Maybe it is just the universe testing how serious you are about achieving your goal.

Every company has this “success story,” where they tell everything about their ups and downs, their insights, and takeouts. It is good to read those stories to get some inspiration and do a reality check on what building a business actually looks like. If your determination and motivation are strong enough, your business will definitely succeed, no matter how many tries it takes to get there.

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How to Launch Your Startup in 7 Easy Steps

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Image Credit: Unsplash

We all want to manifest success in our lives. It fuels our desires to attain something. People perceive success differently as we have different desires. Some go after enriching themselves with material things to get financial freedom. Others study further to advance to the next level in their academic career. (more…)

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