Some blessings can come from rejection. Many entrepreneurs have been rejected, only to come back stronger.
Did you know Steve Jobs was fired from Apple before he returned to turn it into the icon it is today? Harry Potter author J.K. Rowling was turned down 12 times before getting published. Don’t even get us started on Elon Musk, who was fired from PayPal before going on to co-found Tesla, SpaceX, and more.
No one likes rejection, but rejection happens even to the best of entrepreneurs. That's why it makes sense to learn how to handle rejection well and turn it into a learning opportunity for your business.
The Four Best Ways to Handle Rejection
If no one told you you’re going to hear “no” as an entrepreneur, here’s what you need to know: You'd better get used to it. Whether it’s telling your spouse about how you want to quit your day job and start a business, or you’re going after small business funding, the one thing most entrepreneurs have in common is rejection. Selling anything (whether it's the idea of entrepreneurship to a skeptical spouse or the idea of a loan to your banker) is hard.
It’s not the rejection that matters. It is how you handle it afterward that will make or break your business. As sure as you set out to achieve a goal, you are going to experience roadblocks. Big or small, each “no” could take a chunk out of your armor, if you let it. Instead, consider these four ways to pick yourself up, dust yourself off, and keep trying:
If you have money in a qualified retirement plan, you have access to rejection-free financing for your business. Talk with our team about our innovative 401(k) funding solution, known as the Rainmaker Plan®, to help launch your entrepreneurial dreams.
Our mission is to make every Benetrends client our champion. For over 35 years, our Rainmaker Plan® has been tested and proven to work, providing a means for more than 17,000 entrepreneurs to achieve their dreams of business ownership, creating both jobs and prosperity. We are so confident in the Rainmaker Plan design that we stand fully behind our work, backing every client with our Rainmaker Guarantee.
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