How Entrepreneurs Can Make Opportunities Out Of Obstacles ?

Image Source: bit.ly/1OK2Q3L

Do you dream of becoming an entrepreneur? Are you gearing up to start your own business? Well it is certainly a great idea to build your career as an entrepreneur, but it is imperative that you have an iron will and strong determination that will guide you through the low phases and lead you towards success.

Let's face it, being an entrepreneur you are bound to face several obstacles throughout your career. Hence, it is important that you have the right knowledge, skills and attitude that will enable you to turn these obstacles in to opportunities for growth.

In a recent Forbes article, Chris Myers, CEO and co-founder of BodeTree.com, wrote

“Simply put, the struggles we face offer us a path to growth and success. It’s a counter-intuitive concept to be sure, but it is perhaps the single most important concept that any entrepreneur can learn: how to embrace challenges.”

Here we are going to take a look at what it actually means to turn challenges to opportunities-

Bad luck is Actually an Opportunity

Image Source: bit.ly/1OZc6Sf

Are all your efforts getting thwarted by unforeseen and unpredictable events? Do you feel like no matter how hard you try, you just can't seem to catch a break? Do you feel like your luck has given up on you? The fact is you cannot control external factors that might have an adverse impact on your business or work. What you can control though is how you react to such situations and what you do to counter the scenario. Bad luck is nothing but an opportunity for you to prove your abilities, innovative ideas and persistence.

Myers wrote “I was introduced to this mindset by a successful relative. In his first leadership role, he found himself routinely frustrated and discouraged by the problems that seemed to constantly pop up.”

He added “After one particularly challenging period, however, he had an epiphany. He realized that while he couldn’t control his luck, he could control how he reacted. Perhaps his bad luck wasn’t bad luck at all, but actually an opportunity to prove himself... Today, I try to practice that same spirit both at work and in my personal life.”

Locus of Control 

Image Source: bit.ly/1OK1yph

If you wish to become a successful entrepreneur, then you simply cannot afford to blame others for things that things that don't work out. One of the greatest traits of successful business leaders is internal locus of control. They believe that event and outcomes are basically a result of their own efforts and actions and blame themselves for not being able to work to their fullest potential. By taking responsibility of the situation, you will be in a better position to find a solution and set it right.

Myers added “In any given business situation, the only thing that you truly have control over is yourself. As difficult as it may seem, you always have the choice to recognize the obstacle for what it is, find something positive, and work like hell to push through it.”

He further wrote “I practiced self-control and managed to stick it out long enough to gain skills that would serve me well in the future.”

The Secret of Success 

Image Source: bit.ly/1JGYUkN

What do you think is the secret of success? The answer is You! If you are facing numerous obstacles on your way to success then the only way to overcome and make the most of the present scenario is to develop a strong will that will get you through all challenges.

According to Myers “The challenges and problems we face in our lives and businesses are part of the road map to greatness. Whether we choose to follow that map is up to us. There is no secret formula for success. The only thing you need is the will to confront your struggles, the desire to find the joy in even the darkest times, and the determination to keep moving forward no matter what.”

To know more on the success stories click here .

Empower Yourself 

Image Source: bit.ly/1MH43eC

I do realise the fact that it is easier said than done. When you are facing constant challenges and trying to keep your business afloat, it becomes really difficult to maintain a strong will and a positive attitude. However, your business knowledge and skills will enable you to identify opportunities in obstacles and capitalise them for expanding your company. Here comes the need for business education. Studying business management will help you learn the core business concepts and gain a thorough knowledge about the global market. Hence, you will be in a better position to lead your business.

However, with ever increasing tuition fees in universities and B-schools it simply does not seem feasible to pursue a traditional MBA and waste your time an money. It is for this reason that now most of the aspiring entrepreneurs are pursuing online business management courses. Studying online will not only help you save your time and money, but it will also allow you to gain quality business education and acquire essential management and leadership skills. Moreover, you can also work a full time job while you are studying and gain relevant work experience to hone your skills.

An online management diploma will empower you to gain the necessary business skills and knowledge and make the most of any scenario. You will not only be able to convert obstacles to opportunities, but expand your business and rise as a market leader.

What do you think? How do you face business challenges? Share your views and opinions with us by commenting below.

Source Article: onforb.es/1NWHgZV