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How I Handle Disappointment and “Failure” In My Business – The Fed and Fearless Podcast Episode 157

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Failing is a part of doing business. We all fail from time to time but we are not failures. Today, I want to talk about what happens when things don’t go as planned as an entrepreneur. We’re taking the shame out of failing so that you can fail successfully in business.

 

LISTEN TO EPISODE 157 OF THE FED AND FEARLESS PODCAST

Or listen and subscribe for free on your favorite app: Apple Podcasts | Spotify | Stitcher | Google Play | Android | TuneIn

 

Set Goals That You May Not Reach

Often we feel like failures when we don’t reach a goal we’ve set for ourselves. But setting easily achievable goals isn’t the solution. Doing so will limit the extent of achievement you could possibly achieve. 

For instance, when it comes to revenue targets, we often set goals based on past achievements. When we do this, we restrict our potential to profit even more. This could trap you in a state of mediocrity. When we reach higher, we push ourselves to improve, even if we fall short of that goal.

 

Be Open About Failure

We often think that these failures are indicative of our own abilities. When we don’t openly discuss these failures, it’s easy to think that it’s not something everyone experiences. That’s why I think it’s crucial to start normalizing failure and make it something we talk about without shame.

This isn’t to say that we won’t ever feel frustrated or disappointed. But regret isn’t helpful. Instead, these are opportunities to examine what happened so that we can learn from it and do something different next time.

 

What We Can Learn After Failing

When we experience failure, it’s really easy to believe at the moment that this is indicative of your future in business. Don’t catastrophize these kinds of things!

In my experience, some of my biggest disappointments have been some of the best things to happen to me. They have shown me where to pivot and get my business better aligned with where I truly want it to be.

What has the fear of failure been holding you back from doing? Leave a comment below! 

 

Got a question you’d love to hear me answer on the show? Leave me a voice message here!

 

IN THIS EPISODE

  • Why we need to set goals we may not reach [2:20]
  • The importance of discussing failures as entrepreneurs [9:00]
  • Why you are not defined by failure [22:30]
  • Practicing the mindset of being okay with failure [33:00]

 

QUOTES

“When you’re setting goals based on past experience, you might be limiting what’s possible for you in the future because you’re afraid to set a goal you may not hit.” [7:49]

“That [failure] was a situation that helped me see that the path I was on was not the right path for me.” [26:00]

“If you’re not taking risks on a regular basis in your business, then you’re probably not getting the kind of results you want to get.” [34:24]

 

LINKS

Get the free Profit Planning Workbook!

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Review Fed and Fearless on Apple Podcasts! Send a screenshot of your review to hello@lauraschoenfeldrd.com or send me a DM on Instagram, and I’ll send you my Overcoming Undereating eBook. If you post your favorite episode in your Insta stories and tag me @LauraSchoenfeldRD, I’ll also send you my 14-Day Calorie Challenge Recipe Guide!

Got a question you’d love to hear me answer on the show? Leave me a voice message here!

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Podcast production & marketing support by the team at Counterweight Creative 

 

Related Episodes

Episode 70 – What I Learned From My Biggest Business Failure

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Your Friend and Business Mentor

I'm a women's health expert and a registered dietitian (RD) with a passion for helping goal-oriented people fuel their purpose.

I help nutrition entrepreneurs grow their income and their impact by packaging their brilliance into transformative coaching and consulting programs, and get crystal clear on their marketing strategy.

I'm on a mission to help nutrition business owners drop the hustle and come into alignment with their ideal business goals, so they can work from a sense of ease and abundance, and build the online business of their dreams. 

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