Dear Entrepreneur,
According to the German philosopher, Friedrich Ni- etzsche, “That which does not kill us, makes us stronger.” It turns out that he was right. Challenges, failures, rejections, disappointments, and any difficult life experience make us stronger.
“90% of new startups fail. 75% of venture-backed startups fail. Under 50% of businesses make it to their fifth year, and 33% of startups make it to the 10-year mark.”
I’m sure that you’ve probably met or known of an entrepreneur who couldn’t make it and had to shut down their business. Don’t let the fear of failure keep you from taking chances in your business. Don’t let that fear keep you from dreaming even bigger.
Failure is a normal part of life and business. It happens to even the best of entrepreneurs. The choices they made are the difference between them and those who fade away. Learn from failure and use the lessons to avoid the same mistakes.
Determine to come back even stronger. If there are critics who relish your moment of failure, ignore them, and continue working. Ultimately doing the work, day in, and day out, is what it takes to succeed eventually.
With love,
Chidi