turn failure into success

Entrepreneurship is not for the faint of heart. It takes passion, perseverance and the ability to take risks. And a very real possibility of failure. Many successful entrepreneurs experience setbacks and failures along the way, but learn from these experiences and use them as opportunities to grow and improve.

Take Apple co-founder Steve Jobs, for example. In 1985, Jobs was forced to resign from his co-founder, Apple, due to an internal dispute. He started a new company, NeXT, which was initially unsuccessful. However, he eventually returned to Apple, where he launched revolutionary products such as the iPod, iPhone, and iPad, and led the company to great success.

Another example is JK Rowling, author of the Harry Potter series. Before becoming a best-selling author, Rowling struggled with depression and was on welfare. She received countless rejections from publishers before finally finding success with her beloved series. Today, the Harry Potter franchise is worth billions of dollars and has a dedicated worldwide fan base.

Failure is what teaches you how to succeed – what to do better next time.

Similarly, entrepreneur Jeremy Dougherty faced near failure in getting his outdoor fashion apparel company, Maroon Bell Outdoor, off the ground.

Eight months after investing his life’s savings in the company in 2016, he lost almost everything. “In his first year, I was duped by an LA clothing manufacturer. All my flannel lines never made it to Christmas, which was my only product at the time.”

Denver native Dougherty envisioned an apparel brand that would solve a problem he believed was a problem for outdoor enthusiasts.

He didn’t brand himself or his business on the first failure. Rather, he stayed focused on his vision and found solutions to achieve it. Here’s what he learned along the way.

Commit to a solution, no matter how it feels

Considering it was his first year, it would have been easy for Dougherty to close shop and look for another opportunity.

Instead, he focused on finding solutions to problems. He put together an idea for his new driving glove made of buffalo leather. Inspiration came to him while jogging one day.

The Buffalo leather gloves became the company’s best-selling product, and his story inspired many.

visualize success

Overcoming his initial setbacks convinced Dougherty that anything is possible if he could simply visualize it, a concept he learned after reading a masterpiece of business in 1937. think and get richby Napoleon Hill.

The idea of ​​imagining every detail of the life he wanted sparked an interest in Dougherty that has lasted for over a decade. attributed to the ability to

“What I discovered is like a fairy tale,” Dougherty says. “Sometimes it feels like magic. .”

stay positive

Visualizing the success of an unproven business model may seem silly, but Dougherty likens it to a flat tire on a road trip.

“If you’re driving from Colorado to California and you get a flat tire, do you park your car, set up shop, and live in that space forever?” he asks.

“The answer is simple, because we know California exists.

Dougherty credits perseverance, work-life balance, and true partnerships to his company’s recent success.

Patience

Understand that success doesn’t come overnight, and be willing to put in the time and effort necessary to bring your vision to life. Stay focused and persistent in the face of setbacks and challenges.

work and life balance

Prioritize your well-being and that of your team. We recognize the importance of a healthy work-life balance and strive to create a positive and supportive work environment.

genuine partnership

We value collaboration and partnership with our teams, clients and partners. Strive to build strong, trusting relationships and create a sense of community within your organization.

Dougherty’s story demonstrates the resilience and leadership qualities that entrepreneurship requires. It shows the importance of learning from mistakes and persevering to achieve your vision. By finding solutions, visualizing success, and committing to stay positive, Dougherty overcame his initial setbacks. And by exercising perseverance, committing to a healthy work-life balance for all involved, and forming true partnerships, he was able to create the business he envisioned. These qualities are available to anyone who has a dream they want to make come true.