"Small thinkers have one enemy. It isn't their competition, parents, girlfriend, spouse, best friend, staff, customers or the market. They have one enemy, and it's their mindset and the way they think."
Failure is a part of every business venture. Whether an individual sale falls through or an entire company collapses, failure is always something to learn from.
In this video, Entrepreneur Network partner Patrick Bet-David explains that the way in which you respond to and rationalize failure is more important than the failure itself. Often, an entrepreneur's worst enemy is their own mentality.
Bet-David provides the following three scenarios to help you evaluate your own mindset:
- How you respond to setbacks.
- How you react to competitors.
- The way you think.
Click play to learn how you can change your thinking to stop justifying your failures and start taking ownership of them.
Watch more YouTube videos from Bet-David on his channel.
Related: The 7 Audiences of a CEO
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