Succeeding as an entrepreneur is hard. Most entrepreneurs risk everything they have trying to make it. They must wear many different hats. They have little or no social life. They don’t get enough sleep. And they can almost never count on a steady paycheck.
It’s no surprise that more than half of new businesses close within their first five 5 years and less than one-third are still operating after 10.
Now, imagine trying to make it as an entrepreneur after major failures and a tarnished reputation. The odds of success just got much worse.
I know, because this was my reality as a young entrepreneur.
What Happened To Dhar Mann?
A few years ago I went from living in a 4-story Hollywood Hills mansion with 9 exotic cars to being flat broke and sleeping on a couch.
It was one of the lowest moments of my life.
How would I possibly be able to succeed?
Believe it or not, as bad as that experience was, it did not keep me from becoming the CEO of an 8-figure business a few years later by age 32.
After losing everything, I went on a journey of self-discovery which led me to a new path in life. A path of helping others. I used my story as inspiration to create relatable content to help people all over the world overcome their challenges and live their best lives. In 2018, I founded Dhar Mann Studios, a video production company aimed at creating positive content for the social media generation.
The reality is that at some point, everyone faces failure on some level. Some fail more than others. In fact, failure is unavoidable. You have to fail yourself to success.
Regardless of the challenges standing in your way, there are things you can do to minimize their impact and get back in the game quickly. In this blog post, I’ll share the 3 things that helped me cultivate the right attitude to succeed even after a big setback.
Here’s How to Succeed When the Odds Are Against You:
Stop Engaging in Negative Self Talk
Accept Responsibility for Where You Are
Use Your Setback as Your Comeback
Stop Engaging in Negative Self-Talk
We all have an inner voice that can either serve as our biggest motivator or our greatest detractor. Unfortunately, during difficult times it’s more likely to work as a detractor.
As a detractor, that inner voice tells us: I’m not good enough. I don’t have what it takes. I’m a failure. I’m a joke. People laugh at me. I’ll never succeed.
STOP engaging in negative self-talk.
The worst thing you can do is start to believe the lies that insecure little voice is telling you.
It’s very difficult to turn negative thoughts into positive actions. But, when you’re going through a difficult time, or the odds are stacked against you – that’s when it’s most important to keep a positive mindset.
Remember, your past does not determine your future unless you decide to live there. Failure is an event, not a person.
You may have experienced failure, but you are not a failure.
Reinforce these ideas through positive self-talk. You can and will get through this. Others have faced greater challenges than you, and have still been able to succeed. Let your story be no different.
From this moment forward, you can start making better decisions to start getting better results. And in order to make better decisions, you have to have positive thoughts. Success starts from the inside out.
Accept Responsibility for Where You Are
You know that guy who always has an excuse for everything? Nothing is ever his fault. He’s a victim of a bad economy. The timing just wasn’t right. Others screwed him over.
DON’T be that guy.
Accept responsibility for exactly where you are in life.
If you don’t see yourself as the problem then you also won’t see yourself as the solution. You’ll never be able to turn your life around because you’ll be sitting around waiting for someone else to do it for you.
Sorry to burst any bubbles, but the only person who can make your life better is you.
After my convictions, I wasted a lot of time displacing my anger and blaming the system for my circumstances. I realize now I could have used that time more productively by focusing on moving forward with my life in a positive way rather than dwelling on my negative past.
Accept responsibility for everything that happens to you in life- the good with the bad. By doing so it will empower you to take the necessary actions to create the future you really want.
Use Your Setback as Your Comeback
Failure always has a silver lining, but only if you learn from it. Use your setbacks as preparation for your comeback.
Life rarely goes according to plan.
Learn to think of failure as the universe guiding you in a better direction.
All of the world’s most successful people encounter failure. In fact, the more successful they are the more they’ve likely failed hard.
What separates unsuccessful entrepreneurs from great ones is, perseverance through the failure. The great ones don’t give up. Ever. And when they encounter failure, they learn from it.
It’s hard to keep someone down that keeps getting back up. Pick yourself up and brush the dirt off.
No matter what happens, keep moving forward.
Think about it: if most entrepreneurs did not encounter failure then everybody would be one. Most people don’t get out of bed every day thrilled to go work for someone else. The world would be full of business owners with no one around to do any of the work.
The great thing about success is nobody’s keeping score. In business, you only have to be right once. And once you get it right, that’s what people will remember.
We all experience failure. Some of us, fail harder than others – but remember this.
The bigger the goals, the harder the fail.
When you face failure it is important to avoid negative self-talk and to take responsibility for exactly what happened. Learn from failure. Commit to trying again. By doing so, you’ll start to see setbacks not as roadblocks to success, but rather building blocks to success. Use your setbacks as preparation for your comeback.
8 Comments for "How to Achieve Success After a Setback"
Pamela K Moore
I’ve just discovered your blog although I’ve been watching your videos since one came up on Facebook a couple of months ago.
I realize that this reply is long past the others time wise, but I just wanted to let you know how much this article has inspired me. I’ve really been beating myself up lately. I would never talk to anyone the way I talk to myself! And I’m at the point that I can’t sleep at night so I don’t have the energy to work during the day. Even though I am disabled, I still need part-time work to make ends meet.
I’m a sucker that let’s people take advantage of me and that has created failed relationships. I grew up in poverty and abuse, but I was determined to make something of myself so I put myself through college and became an accountant at 40 years old. I was a paralegal before going back to college – my last job was CFO of a local company and I lost it when I had five bleeding ulcers that ended up with 13 surgeries in less than five years.
I had made good money and bought a decent home, but my husband became addicted to gambling and went through every penny we had. He also physically abused me and I finally made him leave. Thankfully, the house has always been in my name. I had less than $5.00 when he left, it was 11 months before my disability was approved. Before he left I had sold my car to pay utilities and cashed out my retirement savings to keep from losing the house because I couldn’t afford to move.
Now five years later, I still have the house and have refinanced it several times. I barely have enough to pay bills, but with some side jobs, I usually manage. When there isn’t enough money, I sell plasma, even though I’m not supposed to because of my health. I also get lonely – no children and my siblings don’t even speak to each other. So I tried another relationship recently which ended up being with an abusive user. So I ended it, but it is really heart crushing and I feel like the biggest failure in the world.
Still, I have $1,000 in emergency funds saved. I only owe on my mortgage and medical payments. This blog post makes me realize that I’m not a bad or lazy person. I’m just human like everyone else. Some have more, some have less. I volunteer with Habitat for Humanity and that is a good way to gain perspective.
I’m sorry this post is so long. I just wanted to let you know that you really are changing lives and reading this blog article has helped me get on the route to change my life starting tomorrow. Thank you so much.
Wow I just love this … thank you so much ?
Love all your posts, videos, blogs! Such reality.
Valentine’s Contest Answers:
Who: My 2 sons
As an only parent, I’ve solely focused on them since their father left 7 years ago.
What: An action packed weekend getaway-history, museums, trampoline park, indoor basketball, swimming, ice skating…
Why: I couldn’t imagine a Valentine’s Day ♥️ without them… Although I know as they get older, it’s inevitable. We haven’t had a vacation in 2 years.
I love your blog. Being true to a product or brand that you promote is key to being believable.
This is my entry for the Dhar & Laura giveaway. Thankyou for the opportunity! ?
My mom would be my date. For the past two years, I’ve been sick, and forced to undergo a lot of tests, and they only now found the problem. She’s been my number one supporter through it all: Caring for me when I was so sick I couldn’t get up, making foods that worked with the strict diets the doctors put me on, providing moral support. She deserves to be treated to a fancy dinner and shopping spree because she is a super hero to me. I’d love to be able to give her a special Valentine’s day to give a little back to her for everything she has done for me. ?
My favorite tip from your article is about being authentic and choosing a partnership that best represents you and what you do.
I’ve been out of work since August 2018. I have 6 kids 3 of which I get no support from there dad. I was at my job 10 years got 2 pay increases and made the multi million $ boss tons of money and went above and beyond for the company every day. In the end and the reason why I Left was no appreciation no room to move up financially and no respect. Since that day I lost my van my home and in nov lost my storage with everything me and my family owned. I’m living in a tiny room at my exes with my 5 kids who are no his only 1 child is his and my fiance. I’ve always been up by 630 and ready to go and succeed. I’ve lost that I feel like the worst parent and person in the world. I’ve gained 15 pounds since than and will sleep all day if I can. I am not myself. I’ve applied for tons of jobs and the only ones that call back are the ones that I could never support my family on. This post inspired me this post made me stand up n smile. Thank you. I know what I need to do n what I’ve always done. My 3 oldest I’ve taken care of solo for 12 years now. So for 11 years I always did what I needed to for them no matter what they never went with out. Now I’m in this position and my man is trying so hard but it’s a proven fact 1 person cant support 7 people not on 10$ an hour. God put me on your page and I’m gonna keep coming back and I cant wait to write you again and tell you that I succeeded. Thank you
Hi! I’m from NY and I like to go to Cali with my bf! We’re in a long distance relationship and haven’t seen each other in months since we are both busy med students. We’ve missed spending our anniversary and birthdays together and this trip would mean a lot to us.
Hello Dhar & Laura!?❤️ I live in Glendale and although my dream vacation would be Greece ?? I would have to say a reasonable destination would be Alaska. My husband and I never went on a honeymoon due to work and health related issues. He felt bad about it and told me that wen though we hadn’t gone on a honeymoon that we would go on small trips in the future and call them manymoon trips lol. We have been together 14 years and married 4 of those years. The last four have been challenging in both health and Finances and we have yet to go on a honeymoon or start our plans for the manymoon trips. With the $1000 we would be able to kickstart our manymoom trips (won’t be enough for a dream trip, but it’s more than enough for a small getaway). Also, I would favorite trip you guys went to would be Mykonos ??. Thank you to the both of you for this great giveaway. ???
I would love to go to Maldives with my boyfriend!