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

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.

8 Responses to How Older Entrepreneurs Deal with Setbacks

  1. Awesome….Gives a clear idea. Nice article thanks for sharing.

  2. That’s interesting, Lynne. You’ve mentioned the items as setbacks, but are you really sending the message about having resilience perhaps? Great writing.

  3. gurpssinghrai says:

    This is so well written, and so wonderful. Thank you so much for this! Look forward to more of your articles.

  4. All great advice! I especially loved, “love what you do….and never stop learning!”

    • Lynne Strang says:

      I like those two bits of advice as well. Lifelong learning helps you grow. As Aristotle once said, “The more you know, the more you know you don’t know.” Wishing you much success in the new year!

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