How to deal with ONLINE BUSINESS FAILURE

Discussion in 'General Business' started by webmasterlabor.com, Mar 17, 2007.

  1. #1
    I remember reading a book on Judo a long time ago. It advised that to be a good martial arts practitioner one
    must learn how to fall. It made a lot of sense since if a person is trying to learn Judo and doesn't learn to minimize
    one's fall, great injury is probably bound to happen. As a small online entrepeneur, I wasn't aware at the time that
    this same wise advice can also apply to running your own online business. In order to be a good businessperson,
    you have to learn how to fail.

    Failure is endemic in everything we do. The world is uncertain and many of the best laid plans don't always bear fruit.
    At best, many of them do not bear the kind of fruit we expected. People should expect disappointments and obstacles
    since they are part of life. However, expecting obstacles and being ready to learn from them are very different from
    expecting to fail and giving up. The ability to fail "the right way" goes a long way in helping us avoid the number one
    enemy of success in the real world--quitting. Quitting is the sure fire way to lose at anything. You have effectively
    stopped the clock. Game over. By learning to fail "the right way" we try to plant the seeds of success borne by
    learning from our failures.

    I don't claim to be a super success in what I do but I have learned a couple of things along the way. Hopefully,
    you'll find them useful. The best way to illustrate failing "the right way" is to analyze ways to fail "the wrong way."

    Wrong Approach Number One: Take things personally

    Many things happen to webmasters that are out of their control. Servers crash. Traffic fails to appear.
    Old ways of making income/generating traffic change. Content delivery/quality gets botched up. Subcontractors
    flake out. The list is endless. One of the worst things a webmaster can do is to take things personally and say to
    themselves "Maybe I'm just not cut out for this." Another variant is "Maybe I'm too dumb" or "I don't have 'touch' for this."
    Or "I don't have the connections." Or "I started too late in the game." By focusing on the "I" in these silent
    statements and assessments of what has gone wrong, webmasters let their disappointments OWN them. Your
    disappointment does not OWN you--you are more than just a website that was laid out or promoted wrong. You are
    more than an income statement. However, by saying the negative statements above, you make your identity
    indistinguishable from your setback.

    A better way to state failure to one's self is to take ownership and control of them. "I designed my site wrong."
    Or "I chose to pursue my niche the wrong way." Notice the difference? The "I" in these statements are in control.
    If you decided to do something, then you can decide to do something else or fine tune that action. The "I" in this
    situation is in a position of control. This is similar in operation to the old saying that "losers" ask 'what happened?'
    and "winners" MAKE it happen. Your perception of whether you are in control goes a long way in determining
    your success.

    Wrong Approach Number Two: Blame someone else

    Failure and disappointment are everywhere. That's the way it has been, the way it is, and the way it will continue to be.
    Many of the successful people in this world didn't hit it big with their first try. Many of the most successful
    businesspeople in the world only became a success with their second, third, even thirtieth venture. However, they
    still became successful because they realized that ultimately--THEY were in control of their own success. Many people
    choose to fail because they blame other people for their failures. This may take the form of hosting deals gone bad
    or designs that failed to produce the desired effect. The problem with blaming others for failures that beset us is that
    it takes US out of the equation. By being out of the picture, it absolves us of having to take action. This is a
    huge problem because it breeds personal complacency and just gives us an excuse.

    Don't get me wrong--there are many instances when, rightly, others are to blame. However, when we are feeling
    so cheated and so defeated by others' mess ups, it is really only up to us to get up and try again. Some partners will steal.
    Some people will lie. Government agencies will make adverse rules. That's just part of life. However, by giving up and just
    sulking and pointing the finger at the responsible party does not absolve you of taking action to correct your
    personal situation.


    Wrong Approach Number Three: Habit vs. Evolution

    There's a reason people laughed at Columbus because he thought the world was round. Or why these same people
    ridiculed Copernicus because he argued that the Earth revolved around the Sun. People have a mental habit of
    how the world and the things in it should be and how they should operate. We all have mental habits.

    However, by failing to break past these mental barriers, we are only limiting ourselves to what is possible
    with what we currently have. If conditions change (and they always do), we are left only with our
    assumptions and disappointment. Break your habits. Question why you do the things you do. Question whether
    you are settling for the results you get. Obviously, someone out there is generating more results than you.
    Learn from them. Challenge your personal limits and attitude to accommodate what they do.

    There are two main types of people. On the one hand, there are people that naturally gravitate towards a higher level
    because they are curious and have a strong sense of possibility/wonder. On the other, there are people that go to the
    next level, because they are FORCED to. There's no right answer here--you are either one type, the other, or a
    mix of both. However, it's up to you to realize what motivates you and to break your mental habits so you can evolve
    to the next level of your personal journey to greater success.

    (c) 2004-2007 WebmasterLabor.Com This Article is FREE! Feel free to use in your newsletters, websites, webmaster resource sites, chat forums, ebooks, and email discussion groups. Just make sure to LINK to http://www.webmasterlabor.com
     
    webmasterlabor.com, Mar 17, 2007 IP
    JerrSun, SEOLinker and gemini181 like this.
  2. george75

    george75 Peon

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    #2
    Nice article:)
     
    george75, Mar 18, 2007 IP
  3. JerrSun

    JerrSun Peon

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    #3
    Good Stuff there rep added

    JerrSun
     
    JerrSun, Mar 18, 2007 IP
  4. webmasterlabor.com

    webmasterlabor.com Peon

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    #4
    Thanks, Jeff. Much appreciated!
     
    webmasterlabor.com, Mar 18, 2007 IP
  5. vtgorilla

    vtgorilla Peon

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    #5
    quality article...good work
     
    vtgorilla, Mar 19, 2007 IP
  6. sspoldir

    sspoldir Guest

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    #6
    Although you eluded to it, I think you hit it right on... Model your actions and mindset with those who are already successful in business or where you want to be.

    -SS
     
    sspoldir, Mar 19, 2007 IP
  7. w3bmaster

    w3bmaster Notable Member

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    #7
    Yes this is a great article for someoane new to the internet thing business
     
    w3bmaster, Mar 19, 2007 IP
  8. webmasterlabor.com

    webmasterlabor.com Peon

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    #8
    Yep. There's articles for every experience level. However, starting with the right mindset goes a long way. This article deals with having the right mindset when it comes to challenges and obstacles.
     
    webmasterlabor.com, Mar 19, 2007 IP
  9. prodigy

    prodigy Guest

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    #9
    Wish I had seen this when my first one failed... 8(.. lol would have saved me a lot of time.. Thnx 4 the info..
     
    prodigy, Mar 19, 2007 IP
  10. webmasterlabor.com

    webmasterlabor.com Peon

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    #10
    Quick bump for those despondent about the recent traffic crash from a popular site
     
    webmasterlabor.com, Mar 21, 2007 IP
  11. Game Producer

    Game Producer Well-Known Member

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    #11
    I prefer saying: "Sometimes you win, sometimes you learn" :)
     
    Game Producer, Mar 21, 2007 IP
  12. gemini181

    gemini181 Well-Known Member

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    #12
    Learn More, Re-start, Have Fun & Persist

    [​IMG]
     
    gemini181, Mar 21, 2007 IP
  13. djrishi

    djrishi Well-Known Member

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    #13
    nice article. gr8 stuff.
     
    djrishi, Mar 21, 2007 IP