Entrepreneur Insights: Embracing Failure and Learning From Setbacks

Failures are inevitable in the journey toward growth. But how do some entrepreneurs tackle these failures? Their secret is embracing and learning from setbacks. 

What do you gain from learning from setbacks? Fresh perspectives. Creative ways to tackle the challenge at hand. 

So, let’s dive into some insights from entrepreneurs who not only embraced their setbacks but also successfully overcame them and grew their businesses. 

M Waseem Aziz

M Waseem Aziz is the visionary behind ArrowUpz, a freelance digital services agency. His view of failure is unique indeed. Here’s what he had to say about embracing and learning from setbacks. 

“The only true failure is not trying at all. When you pour your passion into a well-planned business, even if it doesn’t succeed, you will walk away wiser. Each setback provides an invaluable lesson to inform your next venture.” 

Would you like to read the story of ArrowUpz? Then check out the full interview here. 

Kyra Bussanich

From starting out as a solopreneur donning many hats to run her business, Kyra Bussanich’s visions led to the success of Kyra’s Bake Shop. When asked about the lessons she has learned along the way, here’s what she had to say: 

“A good entrepreneur must also possess resilience and the capacity to face setbacks and failures with a constructive mindset. (I like to say there is no such thing as failure: there is only feedback. And you will receive a LOT of feedback.)”

To read more about her entrepreneurial journey, read her full interview here. 

Justin Erickson

Justin Erickson is the creative genius behind Justin Erickson Art. Here are his words about embracing and learning from setbacks: 

“Learning when to let something go and move on is important. Not every idea is going to be successful. You will need to become comfortable with failure.”

To learn more about his business and journey, visit the KIMP blog for his full interview. 

Why Learning From Setbacks is a Must for Entrepreneurs

To summarize the insights from these entrepreneurs, here are a few points to know about learning from setbacks: 

• The fear of failure should not be that which stops you from exploring a new strategy or experimenting with a new idea. Because the real kind of failure is one where you fail to take that first step. 
• Resilience is a must-have trait for entrepreneurs. After all, venturing into a new area, and stepping outside your comfort zone means that you face hurdles along the way. The key is to learn from them and grow. 
• Just because a few of your ideas do not work you cannot give up on innovating. The key is to identify what works and what doesn’t. After all, building a brand looks different to different entrepreneurs.