What 7 Entrepreneurs Learned from Failure

“Success is most often achieved by those who don’t know that failure is inevitable.” – Coco Chanel

Failure.  As Coco Chanel said, it’s inevitable. Hello again, I’m Emily a new editor at IdeaMensch. In my professional life, failure happened when I stopped moving forward. I find important to continue to move forward even when times are tough. According to LifeHack.org, the fear of failure is second of the Top 10 Fears that Hold us Back in Life. As an entrepreneur learning how to cope with failure is essential.  Here’s how seven inspiring  entrepreneurs overcame failure.

“When your business is growing fast, all sorts of advice starts pouring in. Sometimes, there’s pressure to hire seasoned executives with more experience in specific domains. While these new hires can be a terrific asset, at the end of the day, you really have to trust your gut when it comes to big decisions. You know your product, your customers, and your company best, and no amount of expert experience can trump that.” -Yahya Mokhtarzada, Co-founder of True Bill

Erase Repair

“What I learned was to wait until “all eggs are hatched” before “counting the chickens.” -Rebecca Thompson, VP of Erase Repair

“Sometimes achievements take longer or they take shorter. Nothing to me is a failure, only a point on the timeline to success. Some things are at the end of that timeline and others aren’t. Even if a success was short-lived, it was still a success!” -Le-roy Staines, Founder and CTO of TimeDock.com 

“There are always missed opportunities and things that could have been done better with hindsight, but a failure to me is that you close the business or sack a whole load of people. This hasn’t happened yet but could, of course, be just round the corner at a time.” -Nick Aldridge, CEO at Kogi Mobile 

“I guess the way to overcome them is to move on immediately.” -John Papadakis, Co-founder and CEO of Pollfish

“The biggest failure I had as an entrepreneur was not entering this industry earlier. I always knew that there was a market for these products, yet never took the leap. I played it safe after college, got a few different 9-5 jobs because that’s what college graduates typically do. If I could do it all over again I would go against the grain and follow my dream.” -Mark Johnson, Executive Director of Metabo Pure 

“One thing I’ve learned is that sometimes the idea isn’t at fault, but the execution—and that we just need to approach it from a different angle.” -Betsy O’Reilly, Co-founder of QuadJobs