A sudden loss of a major customer, a delayed shipment, an unexpected departure of your superstar employee, an injury/accident, a failed launch, a deal falling apart in the last minute, family emergencies… Operating a business comes with many unexpected challenges. Worse yet, multiple setbacks can come at us all at once.
When setbacks like these happen to you, they can take you right out of your element. This is particularly true when you are laser-focused on achieving your goal, leaving no room for doubts.
So, how do we bounce back from setbacks fast?
On a personal note, while writing this post, I experienced a setback.
Only a few days from my meetup live event in NYC, I had no choice but to put it on hold due to an unexpected complication with the venue, where the event was supposed to be held.
This has never happened during my 2 years of running live events.
If you are experienced in running events big or small, you know the production process starts way before the actual event. You may also know that securing a venue is the biggest hurdle for anyone who wants to host a live business event.
Needless to say, it was a blow at first. To make the matter worse, in just one-weeks’ time surrounding this setback, I have gone through a massive water leak in my apartment, resulting in a section of the ceiling falling down and a family member getting injured. Luckily, none of these were life threatening.
Nonetheless, they did not help me get through a setback any easier.
This experience prompted me to write this post on how you can handle business setbacks better and faster.
At this point in my career, I can safely say that I'm a pro at dealing with setbacks because I've had so many in my life - both business and personal. As I faced numerous setbacks, I have perfected a way to handle them better without forcing myself to believe everything is OK.