Entrepreneurs can leverage adversity to create success

As entrepreneurs, we face many challenges along the way, both personally and professionally. Whether it’s an unexpected client loss, a personal setback, or a difficult situation, adversity can take its toll. But there is always a way to turn a challenge into an opportunity. 

This is a lesson that I discuss with my team regularly and one that I am continually reminded of. The most recent example was with my work for Project ReMAKE. This fantastic organisation works with formerly incarcerated individuals to help them develop basic business skills and help them to build, launch and sustain self-employed businesses.

These individuals have faced challenges in their lives and are all looking at ways to build their futures positively. I learnt a lot, and other business owners can as well. Here are some of my takeaways from the recent Dragons Den event.

First, go to the source.

When faced with a challenging situation, don’t hide from it. Instead, take the initiative and face it head-on. This may mean talking to employees, visiting the front lines of your business, or getting out of your comfort zone and looking for the source of the problem. Doing so can help you recognise what has gone wrong and create the necessary solutions to stop it from happening again.

Second, don’t be afraid to ask for help.

As entrepreneurs, we are sometimes too scared to ask for help. But it’s vital to recognise when some advice could be really valuable. Reach out to your co-founder, connect with a mentor, or build a network of people who can come together to support you. A strong support system can make the highs and lows of business much more manageable.

Finally, focus on self-care.

The connection between a healthy body and a healthy mind is invaluable. Taking the time to build up your stamina and resilience is essential. Prioritise healthy habits like mindfulness, sleep, and regular exercise. The pandemic has shown us the importance of taking care of ourselves, and now, more than ever, it’s important to focus on our physical and mental health.

We will all face challenges. Not hiding, asking for help, and prioritising self-care will go some way to dealing with the issues as they arise.

This programme has cemented my belief that with change comes opportunity, and your past can’t define what you can achieve in the future, either at home or at work.