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The Power of Social Entrepreneurship

With constant changes taking place in the world today, it is increasingly important to focus on how entrepreneurs can solve social problems through innovative business ideas. This growing concept is known as social entrepreneurship, and it has begun to gain momentum over the past two decades.

From education and healthcare to agriculture and finance, social entrepreneurship can take on many forms. At the core of each social entrepreneurship is a passionate person who desires to address a social problem in the world through a creative business idea. By implementing innovative ideas, social entrepreneurs are able to address problems that would have otherwise been overlooked by society.

Characteristics of Social Entrepreneurships

As with each type of entrepreneurship, social entrepreneurship requires a market for the product or service that is being created. Social entrepreneurs must be willing to accept a significant amount of risk when putting their business idea into motion. In addition to this, social entrepreneurs should strive to create a business model that is both sustainable and reproduceable so that it provides maximum benefits to the community.

For a social entrepreneurship to successfully fulfill the social aspect of the business, it must combine meeting a need in the market with something that will provide a solution to a social problem in the world. Whether a social entrepreneur is operating in their hometown or halfway across the world, they must have a desire to improve the lives of those around them.

Benefits of Social Entrepreneurship

#1. Innovation

Social entrepreneurs provide a fresh perspective on global issues. This leads to the implementation of cutting-edge solutions such as the invention of a new product or service. By offering products and services that give back to the community, a social entrepreneurship has the power to add value to the world in more ways than one.

#2. Creating Jobs

Not only does a social entrepreneurship seek to address global problems, but it can also have lasting effects on people through the creation of jobs. When jobs are created, it provides people with a steady income, helps to improve their standard of living, and stimulates healthy economic growth.

#3. Inspiring Others

Implementing positive social change inspires others to come alongside social entrepreneurs in their pursuits. This will look different in each situation. For some people, it may mean buying a product or service instead of another option to support an ethical cause. Other individuals may be inspired to develop an innovative solution to an issue that they are passionate about such as providing water to people who have no access to clean drinking water or providing education opportunities to people from poor communities.

#4. Differentiation

When people see that a business is actively seeking to solve a social problem, value is added to the business. This added value differentiates a social entrepreneurship from other business models. Because of this differentiation, it can promote business from people who truly want to make a difference in the world.

#5. Lasting Contributions to Society

Rather than focusing only on maximizing profit, social entrepreneurs focus on implementing change that will have a positive effect on society. Through a social entrepreneurship, people are empowered, and true change is brought about in the lives of people across the world. Social entrepreneurship is an amazing business model can have lasting effects on economic growth and social reform.

 

Common Misconceptions About Coworking and How to Address Them

Coworking is a growing phenomenon across much of the world that has been revolutionizing the concept of workspace and management.

However, not everyone is convinced of the importance, sustainability, and longevity of coworking. Is this a fad that will dissipate over time, or is coworking here to stay, grow, and continue to transform work, office life, and even specific industries? Only time will tell, but in the meantime, the obstacles need to be addressed to continue moving forward.

Lack of understanding

Coworking is quickly growing as its own industry, however, there remains a widespread lack of understanding about it. Some have not even heard the term before, and

Fear of competition

When entering a space, the risk of  running into direct competition is high especially for some spaces that gear themselves toward specific industries. Programmers competing over the similar market or startup teams that are working on similar if not the same ideas can bring an unwanted tension in the space.

Answer: If this is a concern when entering a space, take some precautionary measures. Always be proactive in interviewing the manager of a space. Usually, they will know their workers, and have an idea about their businesses or projects. It is the mark of a good manager. If this information is not known consider shopping other spaces as it could be the sign of a bad space manager. Also, consider the possibility of working together. Maybe that places both parties in a better position to succeed.

Fear of stolen ideas

Today, the fight over intellectual property rights rages. Legal cases are fought over stolen ideas causing a distrust and overprotection. Such mentalities can hurt a coworking space, and even worse can keep people from entering one. Stories are even told about competing startups being too friendly in order to gain an upper hand. It is a real possibility, and is something that can only be addressed by the ethos of the community. Nobody wants to have their ideas taken, but such a fear should not leave black eye on the coworking industry.

Answer: Take advantage of the free trial period that any good coworking space will offer. Use this time to meet the people, ask questions about the culture and how people do business, and if there is any sense of cunning behaviors taking place within the space. If you join a space, and anything suspicious takes place, report it. It can be a community killer if allowed to progress.

Distractions

Sometimes the idea of coworking leads one to think of a constant party in a space. Imagery of endless table tennis matches, foosball tables, and game consuls fill the mind.

Answer:This should not be the case. Some spaces may incorporate these features, but a strong trend exists in really defining the design of the space to best suit work flow. As a recent interview from the Social Workplace Conference has noted, “a variety of spaces help to keep people motivated.” There is an element that people can be distracting, but this will depend on the type of space one is looking for, and can also be sorted through when using a free trial period.

Lack of value

The question of value can always play a large part of someone deciding to join a coworking space. It may not even be that one will not receive value, but just the unknown. Can a social work environment filled with others trying to create something similar really be of value, help grow business, create a larger network, etc. These are doubts that exist within some. The main question is, “What am I really getting out of this?”

AnswerValue can be measured differently depending on the person. For small businesses, freelancers, entrepreneurs, or startup teams the cost of the space itself will be of value when compared to renting a space. The use of equipment, meeting rooms, and additional benefits that may come with the membership only grow this value. Other factors such as the potential to network, grow a client base, and work together on projects with those in the immediate vicinity create an immeasurable value depending on the long term goals. Even larger corporations are finding value with sending their people into a coworking space by finding new talent and collaborating on projects. Each person will have to define the value they are seeking, but when locating the right space even a day pass weekly can create value for the user.

People can always find an excuse not to try something. However, as the 2015 Coworking Surveydemonstrates, coworking spaces and social workplaces are a movement. Coworknig spaces are only increasing in number and at a strong rate. The best question is, “Why not try one?”

Have you worked in a coworking space? Are any of these objections legitimate? How can you work around them? 

Cross-Cultural Communication in Business

In a world that is becoming increasingly more globalized, it is important to know how to effectively communicate with people of other cultures. Whether you work with a diverse group of coworkers or engage in business transactions with people across the world, it is essential to be knowledgeable about the distinct cultures of the people you interact with.

Impact of Technology

As technology continues to grow and develop, great advances are being made in the ways people communicate with one another. As these capabilities have increased, our connectedness to the world has also increased at a rapid rate. It is now possible to communicate instantly with someone across the world through video chat, instant messaging, and social media. These platforms and many others have made it possible for numerous international businesses to emerge. Business transactions can now be completed across the world with nothing more than a laptop and a good connection to the Internet.

When communicating with the use of technology, it is important to identify which communication channel will be best. Some cultures rely heavily on nonverbal cues and body language. For this type of culture, a richer form of communication such as a video conference would be best. In other cultures that communicate directly, a leaner form of communication such as email could be sufficient. If technology is not used properly in business, it can unintentionally become a barrier to cross-cultural communication.

Relationship versus Task Orientation

When doing business cross-culturally, there are certain differences that you should take into account. One major difference that exists between cultures is relationship orientation versus task orientation. Countries that are more relationship-oriented focus on building relationships before doing business. In this context, it is important to spend a significant amount of time getting to know the person you are doing business with over coffee or a shared meal. This allows people to build trust with one another, and it lays the foundation for future business relationships.

Cultures that are more task-oriented place a higher priority on meeting deadlines and adhering to schedules. Oftentimes, people who are task-oriented view time as money. If you are late to a meeting with a task-oriented individual, this conveys to them that you do not value their time. To a task-oriented individual, it may initially seem counterproductive to spend hours getting to know people over coffee or a meal, but it is essential for business professionals to devote time to building relationships. Finding a balance between building relationships and completing business transactions is essential.

Cultural Sensitivity

Interacting with people in a cross-cultural setting brings to light differences in religion, ethnicity, language, communication patterns, and personality types. Researching other cultures prior to doing business with other people can increase your cultural sensitivity. This helps you gain a better understanding of why people respond in certain ways, what is most valuable to them, and how those values affect their day-to-day interactions with others.

When working cross-culturally, it is important not to impose your frame of reference upon other people. Because a person’s culture is linked to their identity, it is important to reserve judgement and try to see things from their perspective. This can bring about unity and mutual understanding. Whenever you truly seek to learn from people of other cultures, it fosters genuine respect and increases your overall effectiveness in doing business.

What are ways you can increase your cultural sensitivity today? 

5 Values of the Coworking Community

In 1995, a concept, known as “coworking” began transforming work style and space design. To keep anyone from setting “the rules”, the initiators defined coworking vaguely.

With only 20 years of history, coworking has evolved into a worldwide movement. It has vastly impacted economies, business development, and entrepreneurial ecosystems. Its progress has had direct impact on work environments and whole industries. Some argue it has influenced a stronger creative economy.

What is coworking? One must embrace the values which unite spaces despite their difference in markets and inhabitants.

Community

Communnity extends beyond people working near one another. Community reflects a value of care not only for the space but for the individuals that inhabit that space. It carries an underlying idea of a shared purpose. Sometimes these communities organize around a similar occupation bringing together industry professionals who can push each other along. Other times the community reflects a diversity of occupations, yet the members wish to learn and grow along side of one another. In both cases, there is a shared value of care present.

For a better view of our view on community check out our post here.

Openness

An important aspect to any community is the ability to be open with one another. Some cultures struggle with this ideal of being open handed with ideas. Coworking combats this way of thinking. Members of a community must know each other and have trust among their piers. Those entering the space are not there to outright compete or gain the advantage, but to invest and give to the community. Since openness takes time to build, it should always be part of the goals of any coworking space.

Collaboration

Coworking creates an environment for individuals to collaborate with their strengths and professions. Those managing the space can help by encouraging projects that would necessitate collaboration among the members. There have been plenty of examples of new startups and companies forming as a direct result of collaboration within coworking spaces. Such examples create a positive impact on the community internally and the greater local economy.

Accessibility

There has been a shift in work style which rejects the traditional “work in isolation model” which was demonstrated by offices and even cubicles. The coworking value of accessibility rejects this model as well. It pushes the need for people to be accessible. While important ideologically, it may also cause some angst because it entrusts other members to be professional in their approach without being overbearing. When the members allow themselves to be accessible, it builds the community.

Sustainability

Ongoing health and development are central tenets of coworking. Sustainability includes the ongoing development of the economy culture surrounding it. Sustainability brings financial stability and personal/professional growth among the participating members. For sustainability to happen, the members must invest and active in developing the core values.

The coworking community accept these core values as unifying factors across the industry. They are interdependent for the success of the space. Failure in one area may undermine the others. Each core value must be cultivated in the local coworking space.

What has been your experience with coworking? Would you try it, recommend it, or avoid it? Visit the BetaBar website and contact us for a visit in Montenegro.

6 One-liners That Challenge Your Marketing Strategy #SparkMe

This year’s Spark.me line-up impressed even the most veteran attendees who have come to expect only excellence from the annual conference. Having attended this year for the for the first time, I must say that from the moment I arrived for the opening ceremony I could feel the excitement and anticipation in the air, and I knew I wouldn’t leave disappointed.

Though all the speakers were fantastic, it was Mark Schaefer’s one-liners that challenged me the most and filled me with gumption and drive as I considered the impact these truths could have on my own work.

#1. “People will believe a review from a stranger over advertising from your company every time.”

As any good presentation would, Schaefer’s talk began with the problem explaining that the days of pushing advertisements and seeing results are over. People have grown tired of constantly being bombarded with commercials of companies all claiming to be the best, and this constant exposure has led to repulsion and distrust. People now prefer to make their purchasing decisions based on a complete stranger’s input rather than that of your promotion, which no doubt boasts the obviously superb qualities of your product, because experience has told them that they simply cannot trust you. You sell the product; of course, you are going to say it’s great. But, in the eyes of today’s consumer, the more influential and valuable input comes from the average reviewer who’s seen as a neutral party and fills the role of trusted advisor.

#2. “If loyalty isn’t enough, what do you do?”

As Schaefer drove home the concept, he made the problem personal as he asked, “if loyalty isn’t enough, what do you do?”, and it felt as if the entire room gasped at the thought. What do we do now? If this isn’t a question you’re already asking in your workplace, it should be. Advertising is expensive, and in the world of start-ups, we know well that money doesn’t grow on trees. So, how do we make the most of our marketing resources and convince our audience to choose our product over any other?

#3. “I don’t know that I love the brand, but I love the people who made it.”

At the center of it all, Schaefer proposed love as the answer. Right about now, if you’re like me, you’re thinking “love – I thought this was a presentation on marketing; how can love be the answer?!” But, think about it. The days of being loyal to a company or a brand are over, but one thing remains – we still love people. In fact, Schaefer shared the story of a friend who had chosen a local soap manufacturer over a popular household name (Ivory). To his surprise as he inquired about her choice, his friend shared the entire story of the company’s start, the people who work there, and the way they support and improve the local community. When asked about the quality of the product and the brand, she answered with, “I don’t know that I love the brand, but I love the people who make it.”

#4. “The most human company will win.”

So, how do we illicit that sort of response from our audience? How do we make them love us? In essence, our humanness builds the connection between our company and our potential customers. People don’t want to buy from a huge conglomerate; they want to buy from someone they know and trust. It has become less about the product one buys and more about the people who produced it. In a sense, consumers want more for their money; not only do they want a superior product, they also want the feeling of pride as they become part of something greater by investing in people who inspire them.

#5. “Consistency is more important than genius.”

Sometimes we can become paralyzed by the search for the perfect idea, but Schaefer argues that in the world of humanness, it’s consistency more than genius that matters. As distrust continues to plague the consumer’s outlook on the commercial world, consistency from a plethora of people is the answer. As a marketer, you want to create natural avenues through which you can share honest stories. Some of our greatest influencers now are our employees – people who have connections with the average consumer. Have you given them a platform to share their stories? What about your consumers? Are you giving them opportunities to share why they love “the people who made it”?

#6. “Passion without a plan is just a hobby.”

As entrepreneurs, we want our businesses to be successful and many of us have built our businesses based on an idea that drives us, wakes us up in the morning, and propels us forward. But, without a plan and without concentrated action, our passion will remain a hobby and will leave us with an empty bank account and ideas of what could have been. To avoid that bleak outlook becoming a reality, we need a plan. How can you share honest stories of everyday people who propel your brand forward because of their love for your people? How are you going to drive consistency in these stories and their release? Ultimately, you want people to be filled with expectation and anticipation as they wait for the next story to be released. And, they won’t expect that which they aren’t exposed to on a regular basis, so get your team together and plan!

Now it’s your turn. How will you put these concepts into action?

How To Know If Your Business Needs To Seek Outside Help

“Success is the sum of small efforts – repeated day in and day out”, said Robert Collier. With new competitive opportunities in the business market, many companies are facing the reality of change, and with that development. Expectations from potential and current customers are requiring new efforts in digital proficiency, organizational efficiency and data strategy implementation. Over the last decade, innovative technology has been in great demand in relationship to customer experience and a business’s sustainability. The Economist describes this increase as a capability for these departments to provide a competitive edge for their organizations.

Some companies may find these requirements for business growth to be new or more advanced territory among the current employees’ skills and experience. The technological advancement within programming, marketing and administration have brought new questions to companies who are considering and calculating decisions toward developing these departments. For company leaders, this may entail inquiring outside of the organization to fulfill this need whether it be through hiring a new employee or possibly a consultant, a trainer or some outsourced personnel. There are benefits and risks to deciding either for a permanent hire or a temporary. To decipher the best course of action, one should consider the current internal capabilities, company values and financial factors.

5 Ways to Determine if There is a Need for Outside Help?

All business leaders are faced with the difficult decisions on boosting a company’s capabilities to advance its potential. While I often believe this can be achieved through its internal, creative thinking, there are times when an external source can further drive the existing team. As George Ivanovic Gurdjef has said, “A man can only attain knowledge with the help of those who possess it. This must be understood from the very beginning. One must learn from him who knows.” This applies for organizations as well.

  1. Evaluate the Deficiency from Data

Upon collecting the measurements of your industry’s technological norms, take some time to survey and clarify these results with current customers or prospects within their frequented places. Narrow these findings and prioritize which developmental needs are most important.

 

  1. Assess the Current Skills and Level Among Employees

Once the data has been determined, refer to the current employees or employee department leads (depending on the size of your organization) for capabilities. Usually, strategic thinking meetings of the customers’ demands provide opportunities for employees to evaluate their own professional skills reflect on experience and offer their own abilities to push the company forward.

 

  1. Identify the Risks of a Long-Term Hire

If current employees do not possess the requirements to fulfill the market’s expectations, it is important to determine if adding a new full-time employee is the best next step. Reconciling the decision for new company hires must evaluate the benefits provided toward the goal in contrast to the financial and organizational risks. These include a combination of salary, employee benefits, space and company culture.

 

  1. Consider the Company’s Values

The feedback from employee capabilities will give a clear picture on if it is possible for individual or team learning. Some businesses have continued education benefits for its employees, and this encouragement reflects the value of employee investment those companies uphold. For this reason, creating avenues for learning that best advance the organization’s growth may be the most important. The questions regarding time and learning capabilities must be chosen. Since the quickest skill advancement happens among those with basic performance abilities, you should assess the level of the team or individual who will pursue learning. If it is difficult for someone within the organization to evaluate this, a trainer or consultant can also provide insight.

 

  1. Compare these Possibilities and Values with Costs of Outside Help

After collecting all the information from data to possible choices for solution within the organization, compare these with the costs and benefits of receiving external assistance. These include: consultants, trainers, classes and outsourced work from agencies or individuals.

 

By improving the digital skills of the company’s output, it has potential for reaching customers and accomplishing its vision and market significance into reality.

More Than a Desk: Community

What is Community?

Community is a word that we hear a lot, but often we don’t fully understand what it means or its importance in our lives. So, what is community, and why is it so important to have community in a coworking space? Merriam-Webster dictionary defines a community as “an interacting population of various kinds of individuals in a common location.” One word that stands out in this definition is “interaction.” When you have a group of people from various backgrounds who are truly interacting with one another and seeking mutual understanding and friendship, it creates a dynamic workplace.

Everyone has been designed to live in community. Even the most introverted person, like myself, benefits from spending time with people who are trying to reach their personal and professional goals. One major benefit of a coworking community is the discipline that comes from seeing others work hard to accomplish their goals. Seeing this discipline provides indirect and informal accountability. It also provides a level of motivation that cannot be duplicated at home or in a café.

In addition to this, a coworking space provides an opportunity to collaborate on projects with other people. The unique perspectives from other members of the space can help people to look at something from a different point of view.

How is Community Formed?

Community is not formed by simply having an open space for people to socialize and gather together. While it is essential to have a balance of personal desks as well as open areas for building relationships, this is not enough. Community is formed when people take the initiative to reach out and build relationships with their fellow coworkers. It is incredibly important for the owners of a coworking space to take the first step in forming the foundations of a community. This can be done by inviting people out to lunch, giving new workers recommendations on what to do around the city, and creating an inviting atmosphere.

When an environment is welcoming, people are more likely to gather together in shared spaces to socialize over a cup of coffee. After this foundation is laid in a coworking space, it is important to keep building upon it to ensure that new members feel welcome and included. One way to build upon this foundation is to offer social events outside of work hours. This can be done by holding a pizza and movie night to provide a platform for individuals to get to know one another better outside of the work environment.

Every day I have seen community demonstrated in the speech and actions of coworkers at Beta Bar. Whenever people take a break from work to share jokes with one another, we find out more about each other’s personality and bond through lots of laughter. Whenever people bring in food to share at the workspace, we are able to connect over a meal and learn more about people’s culture. Whenever people invite each other out to coffee after work, we deepen our relationship past the surface and create an opportunity to learn more about people’s life story.

A coworking community should be a place where people can go learn, grow, and have fun together. When people have ample opportunities to interact with one another, it creates an inviting atmosphere where people truly feel that they are part of something bigger than themselves. A coworking community isn’t formed overnight. It takes time, but the benefits that flow from working and interacting with like-minded people in a coworking community are numerous.

PRESS RELEASE: Beta Bar Wins 2018 Coworker Members’ Choice Award for Coworking Spaces

BAR (April 16 2018) Beta Bar today announced it has been recognized as winner of the 2018 Coworker Members’ Choice Award for Montenegro. Members’ Choice award winners were determined based on the thousands of reviews, votes and opinions collected in a single year from coworking space members worldwide.

“Our mission is growing businesses and investing in people through collaboration, community and sustainability,” said Jennifer Buxton, co-founder of Beta Bar. “This award recognizes our hard work to make that mission a reality for our members and all the businesses that Beta Bar touches. One of the greatest things about being a part of Beta Bar is our membership, which include many different people and their diverse businesses from all over the world.”

“Coworker is excited to announce the winners of the 2018 Members’ Choice Awards and celebrate the coworking spaces around the world that are making an impact in their community”, said Leanne Beesley, CEO of Coworker. “By putting a spotlight on coworking spaces that are providing a great environment and creating a community for their members, Coworker gives coworking spaces both large and small the ability to shine and attract new members.”

About Beta Bar

Beta Bar is the first coworking // shared workspace in Montenegro for everyday tasks, rooms for intentional collaboration, access to mentors for business development and opportunities to connect with the Bar community. Beta Bar offers dedicated desks, open coworking spaces, kitchen / lounge area for casual networking, located at Makedonska G-18 in Bar, Montenegro.

About Coworker

Coworker, the member-powered platform for the global coworking community, enables people to find & connect with their perfect coworking space wherever they are in the world.

Planning an Effective Business Seminar

Business Seminar

Business seminars can require a lot of time, energy, and preparation, but they can be incredibly beneficial for everyone involved. A well-planned seminar can provide a platform for participants to learn more about a particular subject, network with like-minded people, and renew their enthusiasm. Here are 5 ways to make the most of your next seminar.

#1. Start Promoting At Least Two Weeks in Advance

When planning an event, include essential information such as date, time, and location on all promotional materials. Make sure that all promotional materials such as brochures and posters are created and printed at least two weeks in advance. This ensures that there is adequate time to proofread and edit all materials. Promoting the event at least two weeks in advance also gives possible attendees a sufficient amount of time to add your event to their schedule.

#2. Present a Topic That Is Relevant to Your Audience

When determining what topic to speak about for a seminar, consider what subject matter will be relevant to your target audience. This aspect is crucial to creating interest in the community. By selecting relevant themes, people will be more likely to share your event on social media and attend your seminar.

#3. Keep It No More Than 6 Hours With Coffee Breaks

Try to keep the seminar six hours or less with coffee breaks scheduled at different intervals. This provides attendees with an opportunity to build relationships with one another and to connect with the speaker. Coffee breaks also help participants stay alert and focused throughout the entire seminar, so they can get as much out of it as possible.

#4. Create an Atmosphere for Q & A

One way to engage the audience is to ask for questions or comments periodically throughout the seminar to ensure that participants have a clear understanding of the subject matter. Another way to increase participation is to introduce segments that are conversational as opposed to only following a lecture style of teaching. This creates an interactive atmosphere where participants feel open to ask questions.

#5. Provide Resources After the Seminar

During the seminar, have each participant sign in and include relevant contact information such as a phone number and an email address. At the end of the seminar, email copies of PowerPoint slides and other presentation materials to the participants. This provides beneficial resources to the people who have attended so that they can refresh themselves on what they have learned. It also gives you an opportunity to follow up with those who attended to determine which aspects of the seminar were the most beneficial and what areas could be improved.

Book Review: Failing Forward

Failing Forward: Turning Mistakes into Stepping stones for Success by John Maxwell will help you stop making excuses, start embracing failure as a natural, necessary part of the process and let you find the confidence to proceed in business and in life.

Failing Forward handles the psychology of success and failure, presenting case studies mostly of people and businesses that managed to come back from major setbacks or failures to succeed. Written in the typical John Maxwell style, it has anecdotes, stories and quotes relevant and leading towards the lessons to be learned from the book.

“Fail early, fail often, but always fail forward.” John Maxwell

This is the attitude that Maxwell wants to teach us with this book. Failing Forward is about losing some of the conditioning that we have all come out of school learning – the paralyzing fear of failure. Maxwell wants us to see failure at the horizon and move ahead with confidence.

Here are 3 lessons to help you change your perspective:

#1: You might not be responsible for your failures, but you can sure take responsibility for your success. It’s not always your fault when things go wrong, but, when you give up and feel sorry for yourself, that is. When successful people fail, they see it as a momentary event, not a lifelong epidemic. It’s not personal. If you want to succeed as an entrepreneur, don’t let any single incidence color your view of yourself or your business. Do you know what all successful entrepreneurs have in common? The ability to bounce back after an error, mistake or failure. Figure out what you didn’t do right, so you don’t do it again. That’s the key to bouncing back and failing forward.

“Every successful person is someone who failed, yet never regarded himself as a failure.” John Maxwell

#2: Turn failure into knowledge and knowledge into success.
Failing is not losing unless you do not learn from what went wrong. As an entrepreneur, making multiple attempts to launch your business can take the pressure off every single one.  We must come to the realization that entrepreneurs will go through multiple stages of failure, which will allow us to learn from each one and improve their next product or service we offer. This is how failure leads to success. When we put too much pressure on ourselves, we often don’t have the stomach to revisit our failure. But, how else should we find out what we did wrong? Make more. Quantity over quality. Be determined to understand your failures and then improve each time.

“Achievers are given multiple reasons to believe they are failures. But in spite of that, they persevere. The average for entrepreneurs is 3.8 failures before they finally make it in business.” John Maxwell

#3: Three things help you make the most of the opportunities that come your way.
When you begin to realize that your failure is actually a step forward, you will move forward and be open to opportunities that comes your way. Take captive every opportunity. Maxwell suggests working on three things to ensure you do: set clear goals; work on your social skills; and, keep a positive mindset.

“Nothing in the world can take the place of persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent.” John Maxwell

These are just the beginning. The more you fail and learn from them, the more you will be prepared in the future. Meaning, do not let setbacks hold you back for too long. We recommend this book to anyone striving to succeed despite all odds and needing some inspiration. Failing Forward can be applied to your entire life and not just to business.