7 questions budding entrepreneurs need to ask themselves during failure for motivation

Becoming a successful entrepreneur is not a cakewalk as one has to deal with a million things daily. Suffering from losses can hamper growth adversely and cause an entrepreneur to feel dejected. But, during drab days, an entrepreneur should go back to some questions he answered at different points of time for motivation.

Why am I doing this?

Successful entrepreneurs don’t do things for the sake of doing them. They’re aware of what they’re doing and have a clear vision about what they want to achieve out of it. Also, they can give a properly fitting answer to this question which is why they’re so successful.

How can I turn this failure into an opportunity?

Entrepreneurs shouldn’t waste time or energy brooding over a setback. Instead, they should take charge and look to change the failure into a success by devising better plans for the future.

Related post: 7 tips you must follow for a successful entrepreneurial life

Will this be beneficial for the long term?

To achieve success, you must think big and be focused on the long-term goal always. Your short term decisions might hamper your long term goal which is why they should be made carefully keeping the vision of the company in mind.

Why did this plan fail?

It is not advisable to brood over a failed attempt; however, it is essential to draw necessary learning from the failure. Hence, an entrepreneur must study and carefully analyse where he went wrong and what could have been done to avoid the failure. This ensures efficiency and better decisions in the future.

Related Post: 8 attributes of successful entrepreneurs

Is my team satisfied?

This is an important question every entrepreneur must ask himself because if the team isn’t motivated to do well, the whole venture is bound to collapse. Thus, an entrepreneur must strive to make all the employees in his workplace content if not happy.

Related Post: 7 common myths about entrepreneurship

How can I make this livelier?

Nobody wants to work in a boring office with white washed walls and files stacked everywhere. Hence, to prompt creativity and boost motivation, an entrepreneur must try and make the workplace and the work more lively and fun for the employees. This way, they have fun while working and also tend to do the work better.

Who can do this?

Because a crucial part of the entrepreneurial job profile is to delegate tasks, an entrepreneur must be careful while selecting his team. He should have people working under him who he can trust with the company’s image and vision. Also, an entrepreneur should be aware of one’s capabilities and talents when he needs to delegate work.

Related Post: 7 common mistakes made by new entrepreneurs

Facebook Comments

Related Post

Niharika Nandi

Author: Niharika Nandi

Aspiring start-up writer who loves traveling. I'm also a self-confessed potterhead and a professional bathroom singer who likes to bake and devour hazelnut shakes in my free time.

Share This Post On