Building a profitable company comes with its challenges, especially when it comes to business growth. Obstacles and growth frustrations are inevitable for any entrepreneur developing an organization, and figuring out how to deal with those bumps in the road is a part of what makes an entrepreneur successful.
Ferrari Energy is a family-owned private oil and gas company that now operates in Colorado, Wyoming, Utah, and North Dakota. The founder of Ferrari Energy passes on ten motivational insights to encourage other entrepreneurs that they too can strategically maneuver business setbacks to grow a fruitful business and achieve success.
- Just keep swimming
It is no secret that failure can bring anyone down. Entrepreneurs can steer clear of failure causing the blues by continuing to move forward, even after falling back, or as Dori would say in the movie Finding Nemo, “Just keep swimming!”
- Be ready for the good, the bad, and the ugly
Embracing a positive attitude and having high hopes are great qualities to possess as an entrepreneur, but being ready for the good along with the bad and the ugly is critical, too. The fact is no one can ever plan enough to avoid all business frustrations.
- Look for inspiration
The way an entrepreneur deals with frustrations that affect a business’ growth matters for success. Instead of letting any hardships spark negative emotions that affect others in the industry, look for inspiration and inner peace through things like exercise, being in nature, or finding a place of relaxation to clear the mind.
- Separate personal from professional
If an entrepreneur does not learn to separate personal emotions and feelings from professional road bumps, then a setback can seem world-ending. It is vital for business owners to disassociate the failure from themselves to move forward better.
- Check off a daily to-do list
Hitting the same wall while trying to build a business can quickly bring on feelings of defeat. However, business developers can replace defeat with productivity by focusing on other areas of the company and adding those tasks to a daily to-do list.
- Renew energy
A rested head and clear mind can take on the weight that building a business can bring on much more efficiently than someone who is stressed and tired.
- Accept failure
The quicker an entrepreneur can make failure a friend, the better, as accepting defeat is a significant step to learning how to grow past it.
- Never stop learning
Not only is failure a friend, but failure is also a teacher. With this perspective, rather than allowing the feeling of rejection or beat set in when business frustrations occur, an entrepreneur can more accurately look at the situation as a learning experience.
- Ask yourself why
Company growth frustrations are the perfect time to assess the business to take a closer look at what is working, what is not working, and why.
- Look for the positive
Seeking the positive from the negative will help business owners rise from harmful emotions and help see the ability to grow from any situation.
About Ferrari Energy
Ferrari Energy is a family-owned private oil and gas company focused on mineral and leasehold acquisitions. Founded in Denver, CO, with a focus on educating landowners, Ferrari Energy has consistently served the needs of the landowner community in the basins in which it works. Its operation covers several areas throughout Colorado, Wyoming, Utah, and ND. Ferrari Energy has provided oil and gas leases to over 850 homeowners and held multiple lease signing events to accommodate the residents of Broomfield, Colorado.
Fergus Murray is the lead editor for Business News Ledger. Fergus has been working as a freelance journalist for nearly a decade having published stories in the New York Times, The Plain Dealer, The Daily Mail and many others. Fergus is based in Detroit and covers issues affecting his city and New York State. When he is not busy writing, Fergus enjoys jogging.