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Episode 54: How to Handle Failure in Business

Episode 54 How to Handle Failure in Business featured blog post image
Episode 54 How to Handle Failure in Business featured blog post image

Everybody wants to give us advice on how to succeed, but rarely do we get taught how to handle failure in business. And I think, this is where most entrepreneurs end up quitting. They’re quitting their business because they don’t know how to handle failure and they opt for the next non-business adventure.

And really, it’s a shame because failure isn’t the end. It is a new beginning and if you choose to frame it that way, you’re going to find success in any situation.

Successful entrepreneurs don’t succeed in spite of failing, but rather, they succeed because they have failed in their past ventures. Failing helped them learn what needed to be done better, what needed to be adjusted, and kept going.

And that’s the thing! A lot of times when we think we’re failing, but it’s mostly because we’re measuring ourselves against someone else’s success.

PSA: OTHER PEOPLE’S METRICS ARE IRRELEVANT TO YOU. THE MOST IMPORTANT MEASURING STICK TO USE IS YOUR OWN.

So, how can we fail better? How can we be mindful when faced with situations that make us want to give up completely?

Join me in this episode, as I share my insight on how to handle failure in business!

Let’s talk about how a CFO can help you understand industry benchmarks and apply it in your own business or organization.

“A lot of times when we think we’re failing, it’s only because we’re measuring ourselves against someone else’s success.” – Stephanie Skryzowski

What you’ll learn in this episode:

  • Why you need to focus on your own metrics
  • How a CFO can help you understand your metrics for better outcomes
  • Why failing isn’t as bad as you think it is

Links mentioned in this episode:

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You hear me talk all the time about how important it is to know your numbers as a business owner. But you may be thinking, well, how in the world do I do that? Where do I even begin? So, I have a free resource for you!

The Profit Playbook is an amazing template that you spend about 15 minutes getting it all set up. And you can literally see into the future of your business revenue, expenses, cash flow, just like a crystal ball. It is a huge resource that will absolutely help you create a roadmap to reach your goals in your business.

It’s FREE so make sure you download it now!

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