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CEO Amplify | Sustainable Business Strategies for Small Business Owners

How to Reframe Failure as a Tool for Business Growth

10 Dec 2024

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Failure. It’s one of those words that makes many of us cringe, especially when it comes to our businesses. But what if failure wasn't something to avoid, but a powerful tool for growth? Instead of letting setbacks hold us back, we can reframe them as valuable opportunities to learn and propel ourselves forward. We'll start by looking at the science of how our brains handle failure, and then we'll talk about how to understand the situation as simply another opportunity to try. Timestamp Overview: 00:00 Reframing failure as growth tool for entrepreneurs. 02:32 What happens in our brains when we fail. 03:46 Mark Rober's "Super Mario" experiment. 05:27 Setting arbitrary goals only creates failure opportunities. 06:53 Reframe projects as an experiment. 09:57 Lower your expectations. Don't expect overnight success. 12:11 Avoid self-labeling, think objectively. 15:23 Failure is an opportunity to learn and grow. Looking for an accountability experience that will let you learn and grow with other business owners? Join me in the Profitable Small Business Club for less than a dollar a day and learn how to reach your business goals while working less hours. Learn to set realistic goals paired with actionable plans that you can achieve! https://ceoamplify.ca/profit **** Enjoyed this episode? Please share it with someone who would benefit. Also, don’t forget to rate and leave a review.  Your feedback not only means the world to me, but it also helps us reach more entrepreneurs like yourself who are ready to amplify their businesses. Questions? Comments? Want to share how this podcast has helped you? Let’s continue the conversation: Join the CEO Amplify Facebook Group. https://www.facebook.com/groups/ceoamplify Email: [email protected] Facebook: https://www.facebook.com/donna.dube.96 LinkedIn: https://www.linkedin.com/in/donna-dube/ Subscribe to my email newsletter: https://ceoamplify.ca/#kedit_nbhts40zi

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