How Older Entrepreneurs Deal with Setbacks

Photo by Michael Rosner-Hyman on Unsplash

A potential investor hasn’t responded to your emails or phone calls. A shipment is late, meaning you can’t deliver a product that a customer expects tomorrow. A social media campaign launched earlier in the year isn’t generating the results you wanted.

If some – or all – of these scenarios sound familiar, you aren’t alone. Just about every entrepreneur has moments like this.

Here are words of wisdom from a few 40-and-older entrepreneurs interviewed for my book.  Their perspectives may give you a lift if or when you’re having an off day.

“If my back starts to hurt, I pretend it doesn’t.  I just keep my eye focused.  It’s really about mental focus.” – Frannie Martin, Cookies on Call

“You have to be tough.  You have to be ready to deal with it and have emotional support.”  — Michael Penny, Savvy Rest

“Reach out. Find a mentor.  Entrepreneurs want to give back.”  — Suzanne Magee, Bandura

“Everyone makes mistakes when starting out.  If you start small, these mistakes are not likely to be expensive ones.”  — Art Koff, consultant and founder of RetiredBrains.com

“You have to love what you do, then those challenges become good challenges.  Never stop learning.” – Julie Savitt, AMS Earth Movers

“Whenever we were over our heads, we found the right experts, such as attorneys who specialized in franchising, public relations/marketing experts and accountants.  Leveraging the expertise of others is key to any successful business.” — Sharon Dillard, Get A Grip

“If you have an idea, you have to be able to work hard, persevere, listen to people and still stay true to yourself.  Don’t get discouraged.” — Annie Margulis, Girls Golf

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About Lynne Strang

I'm a freelance writer who helps organizations and individuals meet their marketing and communications goals. I am also the author of "Late-Blooming Entrepreneurs: Eight Principles for Starting a Business After Age 40." To learn more, please visit my website: lynnebeverlystrang.com.
This entry was posted in Business, Career Changes, Careers, entrepreneurs, Entrepreneurship, Leadership, Retirement, Success and tagged . Bookmark the permalink.

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