EP 233 Embracing Failure: Learning and Growing from Setbacks in Business

Introduction: 

Welcome to the Bold Goal Crusher podcast for anyone looking to stop letting life get in the way and start crushing bold goals. I'm your host, Sara Mayer, and I'm thrilled to navigate this journey with you because it's time to start boldly achieving without working double time. In this blog post, we will discuss the importance of embracing failure and how setbacks can lead to learning and growth in business. Whether you own your own business, work a nine-to-five job, or are creating a side hustle, setbacks and obstacles are inevitable when trying to achieve your goals. Let's dive in and explore how failure can be an opportunity for success. 

The Power of Setting Bold Goals: 

When we set goals, there is often a surge of excitement and energy. It's important to tap into this excitement because it signifies that our goals are big and meaningful. It's not about accomplishing something within a specific timeline, but rather focusing on what truly matters. For example, one of my clients wanted to serve on a national board. We examined the steps required to achieve this long-term goal, which included serving on a local board and gaining experience in different areas. By setting a bold goal without a strict timeline, the client maintained enthusiasm throughout the journey. 

Navigating Quitters Valley: 

In the pursuit of our goals, we often encounter obstacles and setbacks that test our resolve. This is what I call Quitters Valley, a challenging phase where it's tempting to give up. However, it's crucial to remember that many people quit just before having a major breakthrough. Rather than quitting or unnecessarily pivoting, it's important to explore alternative routes and seek guidance from those who have already achieved what we aspire to. By reaching out to mentors and learning from their experiences, we can overcome setbacks and turn them into stepping stones towards our goals. 

Reflecting on Your Why: 

During difficult times, it's essential to reflect on why you set the goal in the first place. By reminding yourself of the excitement and passion that initially fueled your ambition, you can rejuvenate your motivation. Keeping a journal of your journey allows you to track your progress and celebrate every obstacle you overcome. Remember, setbacks are temporary, and by looking back at your achievements, you'll find the strength to keep moving forward. 

The Power of Mini Launches: 

Sometimes, our goals can feel overwhelming, particularly when they involve starting a business. Rather than focusing solely on the end result, consider breaking it down into smaller, achievable milestones. By creating mini launches and celebrating each step along the way, you not only maintain momentum but also build a solid foundation for long-term success. It's important to remain flexible and adapt your objectives as circumstances evolve, allowing you to adjust your path without feeling like a failure. 

Conclusion: 

Embracing failure and learning from setbacks is a fundamental aspect of achieving success in business. By setting bold goals without strict timelines, navigating Quitters Valley with resilience and determination, reflecting on your why, and embracing mini launches, you can overcome obstacles and turn setbacks into opportunities for growth. Remember, setbacks are not signs of failure, but rather stepping stones on the path to success. Let's continue crushing our goals and achieving greatness without working double time. 

Thank you for reading the blog post based on the script from the "Embracing Failure: Learning and Growing from Setbacks in Business" podcast episode. Stay tuned for more inspiring content on achieving bold goals.