You’ve just experienced a business failure. How can you bounce back stronger?

Bouncing Back: The Art of Resilient Business Strategy In entrepreneurship, failure isn't a full stop; it's a comma for reflection and resurgence. To rise, embrace resilience and the art of strategic reformation alongside #LifeLongLearning. Insights: 1. Embrace Reflection: Dive deep into failures for valuable lessons, not blame. Re-validate your hypothesis. 2. Explore Learning: Discover your style; for me, peer group sessions worked best. Special thanks to my CAL2 Peers. 3. Forge Partnerships: Success needs a network; mentors and collaborators support growth. 4. Test outside your own industry. 5. Embrace GenAI for insights, learning and growth. #OpenMind #ThoughtLeadership #Resilience #LifeLongLearning #GenAI

At the entrance of my son's school there is a huge sign saying: "I never lose. I either win or learn" If something went utterly wrong - reflect on what you are learning and you will become a winner.

I agree, but also the journey is sometimes more important than the outcome. The key is to take action and start rather than trying to overthink it.

Recovering from a business setback is all about embracing the situation and learning from it. It's essential to analyze what happened critically. Think of it as a test run that didn't go as planned. What can you learn from it? Identifying the missteps and understanding their impact can reveal invaluable insights. This is a fundamental principle in product management, where testing and iterative learning are key. Look at the failure as feedback, not a final verdict. Use this feedback to adjust your strategies or products. Remember, the goal isn't to avoid failure but to fail forward, using each experience as a building block towards a stronger, more resilient business.

Acknowledge and Accept: Accepting the failure and acknowledging its causes is the first step towards bouncing back. Take responsibility for any mistakes made and learn from them without dwelling on negativity. Reflect and Learn: Reflect on what went wrong and identify the lessons learned. Analyze both the internal and external factors that contributed to the failure and use this knowledge to inform future decisions. Stay Positive and Resilient: Maintain a positive mindset and cultivate resilience in the face of adversity. Understand that setbacks are a natural part of the entrepreneurial journey, and use them as fuel to drive you forward.

Seeking support and feedback from others is the second step to recovering from a business failure. Reach out to mentors, colleagues, friends, or family who can offer advice, guidance, or encouragement. Listen to their perspectives and insights to gain valuable suggestions on how to improve your situation.

Don't expect or ask for a pity party. Failure is just a learning experience. You discovered a way something doesn't work, just like Thomas Edison and the 3000 filaments he tried before one actually worked for his light bulb idea. Feedback will be more important than support. Talk to the stakeholders, your coaches, your peers and others you trust to give you honest input about what happened and what you can learn from the experience. And for goodness sakes, don't beat yourself up over it forever. We all make mistakes. Sure, it's a setback. Learn from it so you don't repeat it.

A “pivotagem” tem no “timing” sua principal complexidade. As vezes é difícil interpretar se a situação exige ajustes ou de fato mudanças estruturais de conceito e posicionamento. Por isso é fundamental que os planejadores e executores estejam antenados nos movimentos a sua volta e busquem na discussão colegiada, essa por sua vez baseada em números e evidências, as motivações pra qualquer tipo de decisão transformacional

Thinks about a time where you successfully bounced back from something negative. What did you do / how did you do it / how did it make you feel? This provides you the confidence that you can do this again.

One thing that matters most when you think about long-term success is resiliency. Failure is a part of the process. Below are the strategies that will help you bounce back; - Keep a written record of your wins. It can be easy to let the things that went wrong cloud your perspective. By keeping a written list of your wins from the week, you are creating a tangible reminder of what you did well. - Stay focused on the objective. The key is to step back and reevaluate what is working and what isn’t, make the necessary changes, and try again.