Stephen Newton: Find resilience through failure
October 6th, 2020 .
2 min read
Read Stephen Newton's unskippable advice
My advice to someone who’s starting now is you have to have the resilience to follow through. If you are going to give up before the dawn, you’ll never see the sun rise.
Hi, I’m Stephen Newton, and this is my unskippable minute.
I’m the founder and CEO of a company called Elixirr. I was 30 when I tried my first business, my son was 6 months old and I re-mortgaged my house.
I mean I remember when I started Elixirr, people said to me, you’re mad, no one needs another consulting firm.
Real lessons in life only come from when you try something and don’t succeed. And I think it’s a mindset thing, I think it’s having the willingness to say ‘I will fail’ and I’ll have to. It’s a basic human characteristic of resilience.
If you get things right actually, you don’t really learn much. Failure is the way you learn.
It’s also the failures I had in the past that help me know that I’m on the right track, or that there are things that I should avoid doing.
Successful entrepreneurship requires a real commitment, and the world doesn’t owe you any favours.
I think in actual fact more entrepreneurialism happens by virtue of swimming in the opposite direction regardless.
Take failure in your stride. Analyse it, and learn from it. Be honest with yourself, and know that you can take knocks and that you're ok to deal with those knocks when everyone's telling you you're wrong.
How to start a consultancy business: 5 steps to setting up as a management consultant
There are some key considerations to know if you’re thinking about starting a consultancy business. Learn more in our article.
4 business metrics every consultant needs to understand
Bernard Marr explores the most important business metrics. Read our article to find out what they are and how to apply them to your small business.
Anju Solanki: The strength of vulnerability
Former investment banker Anju Solanki shares her unskippable minute with Hiscox and talks about the strength of vulnerability - discover more in this video.