Failure in business is inevitable. No matter how much we are armed with knowledge, skills, and wisdom, we are bound to put a wrong foot forward.
We started My Biggest Blunders in 2020 after the beginning of lockdown restrictions due to COVID-19.
My Biggest Blunders is a platform where seasoned entrepreneurs and professionals share their stories of failure. We have hosted over 40 entrepreneurs and professionals in the past two years.
There are plenty of lessons learned and observations made.
One of the observation I have made from these sessions is that entrepreneurship requires character.
Character is the set of mental and moral characters that are unique to a person. And, it shows up as a composite of our daily habits and behaviours.
Every once a while, we have the pleasure of hosting an entrepreneur with a strong character, the sort that seems to thrive in adversity and never lose sight of the importance of doing the right thing.
And, one of the things I have learnt about entrepreneurs with strong characters, nine times out of ten, they experienced a painful failure or loss that made them who they are.
This painful failure or loss is not unique to them, most people on the planet experience them.
Instead, these entrepreneurs are unique in their determination to grow from these experience.
They use the heat and fire to forge themselves and get made.
A strong character is created through difficulties.
In her talk about adversity, Tebogo Mosito, shares how she lost money, parents and a marriage within a short space time and still had to persevere in her business. It takes strong character to overcome adversity and come stronger than before.
So, the next time you encounter someone with unusually strong character and mental strength, just ask them to tell you their story.
Look out for a story about a defining failure or loss.
It will be a good one.
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One thought on “My Biggest Blunder: Strong character and the painful failure”
Yes, I agree that having character, which is both a personality and a psychological feature, is one of the most important characteristics of an entrepreneur.