Community//

4 Reasons Why Resilience Is An Entrepreneurs Greatest Quality

Without resilience your will probably fall at the first hurdle

CREDIT: Getty Images

Resilience is inherent to a successful entrepreneur – it’s that little extra oomph! that keeps you moving, even when you can’t see the finish line. Your resilience is what measures your success. It’s what makes a good entrepreneur tick.

Here are four good reasons to keep calm and carry on.

1. It’s Science

A pair of Spanish psychologists in 2014 wrote about the three dimensions of resilience (hardiness, resourcefulness and optimism) and how they’ve helped the average entrepreneur to catapult their business over that distant, successful horizon. Not only is your resilience a predictor of your success – it’s one of the most important factors (and especially, they write, if you’re a woman – statistically, you benefit from your optimism more than men!).

2. You Learn As You Go

Resilience isn’t only about getting your company off the ground – sometimes it benefits you when you’ve hit rock bottom and you’re ready to start again. Resilience is what helps you to build a steady foundation and go from there.??Did you know entrepreneurs who are starting their second business after an initial, failed attempt are significantly more likely to find success in their second company? If you’re resilient, the odds are stacked in your favour. You are learning as you go, getting closer and closer to success – don’t give up!

3. It’s Worked Before

Have you heard about those no-namers in the business world – Sir James Dyson of Dyson Vacuums and JK Rowling of the famed Harry Potter novels?

Resilience has worked before. Jimmy Dyson spent five years working on a prototype for his bagless vacuum – he built 5127 prototypes which just didn’t make the cut. These days, James’ start-up bagless vacuum business is one of the largest across the globe. Everyone’s heard of Dyson Vacuums – and that’s because one man had the resilience to keep at it.

Even Joanne Rowling needed a good dose of resilience to get her started. The very first agent she sent Harry Potter to not only turned her down, they kept the folder she’d sent the manuscript in (it wouldn’t fit in the return envelope). With almost no money, she had to buy another one – and keep on sending it to agents and then to publishers, who rejected her first novel twelve times before she finally found Bloomsbury.??It worked again, too. When Rowling hit the shelves after publishing her last Harry Potter book, she did it under a pseudonym (Robert Galbraith) to conceal her identity. The number of rejection letters from publishers were ridiculous – they didn’t know they were dealing with the first-ever billionaire author. Rowling perservered, and finally found a publisher willing to take her pseudonym on.

4. Believe In Yourself, And Others Will Believe in You ?

If you’re an entrepreneur, you know how important it is to have people who believe in you. Whether it’s the CEO of a company you need to close with, an influencer who could propel your career to new places or a potential investor – people want to believe in you. They want to see what you’re churning out and invest in the start-up they can see making it big. ??But they’re relying on you to tell them what you can do – so if you don’t believe it, neither will anyone else. If your confidence takes a beating just before a good meeting, trust your interviewer to notice – your resilience might make the difference between landing a deal and falling into a self-destructive spiral.

So if you’re an entrepreneur, be resilient.

You never quite know what’s riding on it.

Originally published at www.inc.com

The Thrive Global Community welcomes voices from many spheres. We publish pieces written by outside contributors with a wide range of opinions, which don’t necessarily reflect our own. Learn more or join us as a community member!
Share your comments below. Please read our commenting guidelines before posting. If you have a concern about a comment, report it here.

Sign up for the Thrive Global newsletter

Will be used in accordance with our privacy policy.

Thrive Global
People look for retreats for themselves, in the country, by the coast, or in the hills . . . There is nowhere that a person can find a more peaceful and trouble-free retreat than in his own mind. . . . So constantly give yourself this retreat, and renew yourself.

- MARCUS AURELIUS

We use cookies on our site to give you the best experience possible. By continuing to browse the site, you agree to this use. For more information on how we use cookies, see our Privacy Policy.