Failure- we all fear it and try to avoid it, but inevitably, we will all face it. How do you deal with failure as an entrepreneur? Sam Rosen, a Chicago based entrepreneur shares with us how failure has helped shaped his career and ultimately his successes. Michelle Horton, a San Francisco based therapist who works closely with entrepreneurs, shares some insights on how you can deal with failure, the importance of mental health and the idea behind failing as a self-employed individual.
The statistics aren’t too friendly when it comes to the longevity of small businesses. Nearly 50% fail at the five year mark. But, how does knowing this statistic help you? Most people can talk about failure ethereally—hardships builds character, you can’t succeed without failing, you know, those kinds of phrases. But, when it comes to us, you, specifically failing, you don’t want to and often times we do everything in our power to avoid thinking about the possibility of it. But, accepting that failure, on some level, happens, that can actually be one of the best things you can do as an entrepreneur. If you know that failing is a part of the journey you can prepare yourself for it. It’s the unknown that makes even the consideration of failure unfathomable.
Sometimes our past failures haunt us and the fear of our future failures paralyzes us. These obstacles that get in the way of moving forward are in our head. This is the reason why metal health really is an important topic and is actually the bulk of this conversation. You have to acknowledge these obstacles are real in order to begin dismantling them and face your fears. Doing this requires vulnerability which brings this conversation full circle. And, in the words of Brene Brown “Vulnerability is not weakness, and the uncertainty, risk, and emotional exposure we face every day are not optional. Our only choice is a question of engagement. Our willingness to own and engage with our vulnerability determines the depth of our courage and the clarity of our purpose”
Sam Rosen - Founder and Entrepreneur
Michelle Horton - Professional Therapist
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