Last week I had the pleasure of being the guest on pro photographer and author Dane Sander‘s group coaching session via his AskDane.com series. One of the questions posed by a person on the call was, “when is the best time to make the leap from part time to full time?” That is an age-old question for small business entrepreneurs.
I believe that a primary reason some entrepreneurs don’t take the plunge is a fear of failure, and all that implies (not making rent, looking like a fool, the sting of rejection, etc.) In fact, I would contend, it’s this fear of failure that is a greater de-motivator than just not having enough revenue coming in from the business. The irony is, until you fail, you man NEVER succeed.
FAMOUS FAILURE STORIES
There are countless stories of famous individuals, people who represent the epitome of success in their field, yet dealt with significant failures in life before achieving success:
- Edison and the thousands of tries at the light bulb.
- President Lincoln string of political and business set backs before becoming one of the most revered presidents in American history.
- Personal finance educator, self-made millionaire, nationally syndicated radio host, and motivational speaker David Ramsey became a millionaire in his mid 20s, then suffered a devastating financial bankruptcy near the age of 30.
- The adhesive used on StickieNotes(TM) was originally intended by 3M to be a super glue.
- Yours truly ran for 8th grade, 9th grade, and 10th grade class president and lost every time, before becoming junior and senior class president and being one of six in my class to get the outstanding senior award which is voted on by fellow classmates. (Well, this point is probably not as famous as the others, but I wanted to at least share some personal examples in my life. 🙂 .
Perhaps one of my favorite “failure” stories comes from the now famous success poster of Michael Jordan. It reads:
“I’ve missed more than 9000 shots in my career. I’ve lost almost 300 games. 26 times, I’ve been trusted to take the game winning shot and missed. I’ve FAILED OVER AND OVER AND OVER again in my life. And that is WHY I SUCCEED.”
So, what’s keeping you from making that leap? Is it a fear of failure? Then embrace it. And start on your path to success.