How to Cope With Failure

Updated: Jun 10

Failure is a natural part of life, especially when you choose a life of entrepreneurship. Learning how to let failure propel you rather than hold you back is essential to achieving your dreams.

Here are 3 things that will help you cope with failure:

1. Remind yourself that failure is a natural part of the entrepreneurial journey

  • Failure is not a sign that something is wrong or that you should stop, it's just a natural part of the process.

  • This might not make the pain go away instantly, but it will help you get back on your feet.

2. Realize that failures can either deter you or inform you

  • Failure will deter you if there is shame associated with it. Release all of your shame by talking about your failure, studying it, and cherishing it.

  • If you learn from your failure, that gives you back all the power.

3. Understand that you can move forward

  • It is completely up to you what next steps you take after failing (you can choose to keep going).

  • You have as many "at-bats" as you are willing to give yourself.

Keep in mind that it is perfectly okay if your failures hurt you. If they don't, honestly, you are either lying to yourself or you didn't care enough. It's okay to remind yourself that you are a human who wants things. Pain can be your greatest teacher if you let it.

Best Quotes

"The opposite of success is not failure, it's not trying."

"The biggest gift you can give yourself is to realize that failure is not a reflection of your worth, but a sign that you tried."

"The biggest difference between successful people and those who never live their dreams is that one learns from failure while the other pretends it never happened."

Learn from your failure (exercise):

  1. Write 25 reasons why this failed

  2. Read them aloud to 5 people you admire

  3. Ask for feedback

This post is in relation to Alex Banayan's Third Door Mentor Sessions.

Monday's Topic: How to Wrestle Your Insecurities

You can find posts on past mentor sessions, as well as sign up to get weekly recaps here.

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