Failures are bound to happen in business and it’s really how success can occur; learning from mistakes and doing things different next time. Have you ever wondered if any of the big companies you purchase from or admire regularly saw failure at some point?
You’ll feel at ease knowing that big names like Steve Jobs saw failure at one point in time and ended up creating something that people couldn’t live without today. There’s no way to prepare for failure as it’s inevitable at one time or another, but it’s the way you fight through the tough times that makes or break your company. If you’re willing to hang on tight and give it your all, you can always get a second chance to do things right the next time.
You may make mistakes that cost you time or money, but you can find success if you don’t get too discouraged and learn from it. Here is a look at majorly successful entrepreneurs that saw failure right before they made it big.
Steven Spielberg was once rejected
Movie star Steven Spielberg, known for films including E.T., Jaws, and Jurassic Park, was actually turned down three different times by the School of Cinematic Arts at the University of Southern California. You would think someone would get the hint and feel that they just don’t have what it takes, but not Spielberg.
He is now worth over $1 billion thanks to his production company, Dreamworks. He may have once had a C average, but he didn’t let discouragement get him down and he continued to pursue his degree with confidence and perseverance. He eventually graduated from USC with an honorary degree.
Arianna Huffington had a book rejection
You may read The Huffington Post daily but cofounder Arianna Huffington was lucky to make it happen. She talks about her failures, such as having her second book rejected by 36 publishers, but she has used these as stepping stones. She doesn’t believe people are meant to accumulate trophies but rather to use failures as ways to shape who we are.
Steve Jobs was fired from Apple Computers
While Apple is one of the most successful companies out there, Steve Jobs was actually fired from Apple Computers at one time. Even though he revolutionized the company, he was forced out of it and spent his adult life feeling like a public failure. Fortunately, he found the importance of his rejection because it forced him to feel like a beginner again and caused a creative revolution for him.
Joanne Lang on feeling like you’re failing is a positive thing
It may sound surprising but founder and CEO of aboutone.com, Joanne Lang, actually believes that if you aren’t feeling like you are failing that it could mean you aren’t trying enough new things. It’s important to stretch yourself as far as possible and as a first-time entrepreneur, she learned this lesson. While it’s emotionally tough to do so, it’s important to have advisers around that believe in you. Just find the right advisers and always aim higher.
Thanks to these entrepreneurs, other entrepreneurs can appreciate that if they’ve made a mistake or feel like they could at any time, it could lead to a positive outcome. It could mean you are actually taking risks and it could lead to you making a great comeback that will change your company forever.
Don’t allow stumbling blocks to stop you from continuing forward; use them as stepping stones to the next phase of business. Imagine if Steve Jobs never pushed forward and Apple didn’t become as big as it did.