American Express Business Class Logo
  • Videos
    Business Platinum Membership Rewards: Earn & Redeem
    1 min watch
    Business Platinum Travel Benefits
    1 min watch
    No Preset Spending Limit
    1 min watch
    Pay Over Time
    1 min watch
    Julie Pauly, The Able Baker, Maplewood, NJ
    3 min watch
    Articles
    How Using a Business Credit Card Can Help Your Small Business
    5 min read
    Safeguarding Security, Unlocking Innovation: Exploring The New Era In B2B Payments
    15 min read
    Getting More Back from What You Spend: Unlocking Value with Business Platinum
    4 min read
    Virtual Cards 101: What Is a Virtual Credit Card and Why Might You Need It?
    6 min read
    What Is a Business Line of Credit?
    12 min read
    Testimonials
    The Perfect Pairing: With American Express Business Blueprint™ and Resy, the Gourmet Brunch Potential is Bottomless
    9 min read
    Raising the Standard: How American Express Helps Power the Legacy of Electrolift Inc.
    10 min read
    How a Mother-Daughter Team Designed Their Dream Business with Help from American Express
    7 min read
    How Amex Business Products Helped Smart Birdy Take Flight
    5 min read
    Prescription for Progress: How Sree Gari Took His Pharmacy Further with Support from American Express
    6 min read
  • Cash Flow
    Accounting
    Critical Numbers
    Saving Money
    ROI
    Account Receivable Payable
    See All Cash Flow
    Financing
    Raising Capital
    Loans
    Alternative Financing
    Self-Financing
    Venture Capital
    See All Financing
    Growth Opportunities
    Business Expansion
    Innovation
    Franchising
    Partnerships
    Importing & Exporting
    See All Growth Opportunities
    Strategy
    Driving Business Efficiencies
    Product Development
    Business Plan
    See All Strategy
  • Celebs Talk Business
    Patti Labelle Talks Digital Transformation
    2 min watch
    Nick Offerman Talks Supply Chains
    3 min watch
    Patti Labelle Talks Expense Management
    2 min watch
    Nick Offerman Talks Spend Capacity
    3 min watch
    See All Celebs Talk Business
    Small Business Stories
    Pascal and Daneen Lewis, Harlem Wine Gallery, New York, NY
    3 min watch
    Julie Pauly, The Able Baker, Maplewood, NJ
    3 min watch
    Maria Christie, Christie’s Seafood & Steaks, Houston, TX
    7 min read
    Alex Magruder and Julia Schnabel, The Little, East Hampton, NY
    9 min read
    See All Small Business Stories
  • Small Business
    Membership Rewards
    1 min watch
    Employee Cards
    1 min watch
    Travel Benefits
    1 min watch
    No Preset Spending Limit
    1 min watch
    Pay Over Time
    1 min watch
    Corporate
    Common Business Expenses and the Credit Cards That Can Help You Manage Them
    5 min read
    What Is Corporate Travel Management and Why Do You Need It?
    8 min read
    Virtual Cards 101: What Is a Virtual Credit Card and Why Might You Need It?
    6 min read
    Product Videos
    Let’s Talk Business Travel: Airports
    1 min watch
    Let’s Talk Business Travel: Hotels
    1 min watch
    Employee Cards
    1 min watch
    Membership Rewards
    1 min watch
    Member Resources
    How to Engage With Online Communities
    7 min read
    Earning and Using Membership Rewards® Points with Business Platinum
    6 min read
    4 Ways to Optimize Corporate Travel Management
    5 min read
    How to Calculate Net Income
    6 min read
    American Express Membership Guide: Backing Your Business, Backing You
    6 min read
  • amexLogo
    • Getting More Back from What You Spend: Unlocking Value with Business Platinum

      1 min read
    • How Using a Business Credit Card Can Help Your Small Business

      5 min read
    • Business Platinum Travel Benefits

      4 min watch
    • Cash Flow
    • Financing
    • Growth Opportunities
    • Strategy
    • Celebs Talk Business
    • Small Business Stories
    • Earning and Using Membership Rewards® Points with Business Platinum

      6 min read
    • American Express Membership Guide: Backing Your Business, Backing You

      6 min watch
    • Let’s Talk Business Travel: Airports

      1 min watch
  • amexLogo
    • Getting More Back from What You Spend: Unlocking Value with Business Platinum

      1 min read
    • How Using a Business Credit Card Can Help Your Small Business

      5 min read
    • Business Platinum Travel Benefits

      4 min watch
    • Cash Flow
    • Financing
    • Growth Opportunities
    • Strategy
    • Celebs Talk Business
    • Small Business Stories
    • Earning and Using Membership Rewards® Points with Business Platinum

      6 min read
    • American Express Membership Guide: Backing Your Business, Backing You

      6 min watch
    • Let’s Talk Business Travel: Airports

      1 min watch

Leadership Skills

How Do You Motivate Yourself to Get Through Business Setbacks?

How Do You Motivate Yourself to Get Through Business Setbacks?

Related Content

Loading...
Loading...
Loading...
Loading...
Summary
Email Icon
Facebook Icon
Twitter Icon
LinkedIn Icon
Setbacks seem to happen in almost any business owner's journey, but how you overcome those hiccups can set successful entrepreneurs apart.
Bruna Martinuzzi American Express Business Class Freelance Contributor
March 16, 2017

      Having to deal with unexpected setbacks is a challenge we may all face from time to time. How we deal with these setbacks could mean the difference between winning and losing. Here are a few essential strategies that may help you stay motivated through setbacks so you can continue to steer your ship on the right course.

      Understand the adversity stages.

      There are several stages we may experience when dealing with setbacks. These include denial and anger, and may be followed by disruption or despondency. It may help to understand what you're experiencing so you can deal with each stage. Failing to acknowledge and deal with each stage may keep you stuck in a particular stage, which could delay your ability to move forward and focus on the next steps. Self-awareness can precede self-management, so try to get some clarity on what emotions you're experiencing.

      Face up to denial.

      You may have worked hard at building your business and developing important relationships. So it can be understandably difficult to have to face the realization that not all is working as you planned. This may result in refusing to acknowledge the potential ramifications of a setback when you first experience it. Don't keep blinders on and avoid facing the problem. The best way to move through denial may be to acknowledge it squarely and call it what it is. Then just deal with it. The longer you continue in denial, the harder it may be to cope with the challenge. Inaction is often not your ally.

      Perhaps one of the best ways to cope with a setback in business may be to remind yourself of your "why." Reconnect with your reasons for doing what you do. Don't forget the meaning behind all your efforts.

      Tame your anger.

      It may be natural to experience anger either at yourself, or others, when things go awry after having expended a great deal of energy and time to make something happen. You may not be able to suppress your initial anger, but it can help to be aware of some of the pitfalls that come with prolonged anger. For example, making a decision while you're still in the anger stage may not serve you well. Anger can cloud our judgment and make us jump to conclusions. Use logic to calm yourself down. Remind yourself that going through a rough spot can be a natural part of everyone's life journey, especially when it comes to running a business.

      Try to manage your anger by managing the words you use. What we say can have an impact not only on others, but on ourselves as well. You may find yourself swearing and cursing and telling yourself and others that "everything has turned into a mess," or "the project is ruined."  Change this by using some cognitive restructuring and tempering your language. For instance, instead of saying that "it's infuriating," consider using a more toned down approach: "It's frustrating, but I'm working on finding a solution," or "it's difficult but we will find a way to ..."  Speak as a leader and you may find it easier to get through this stage.

      Beat despondency.

      Some may experience a state of low spirits after a major setback, which can disrupt their momentum. By all means, indulge in the disappointment if you have to, but don't wallow in it. Later, you'll likely be glad you didn't waste too much time ruminating on the issue.

      This may appear as the hardest stage to cope with, but there are many things you can do to beat this and move on. One size doesn't fit all. So pick some strategies that work for you and create your personal bounce back toolkit. This may include practicing the relaxation response, giving meditation a try, engaging in physical activities, practicing self-care, reading inspirational material, listening to motivational tapes, attending networking events, strengthening ties with family and with those who matter to you, working with a business or resilience coach, or tapping into your network for advice and support, to name a few.

      Put pen to paper.

      It may help to write down some notes to yourself describing what happened and what you're thinking and feeling. Jot down any troubling thoughts, and examine each one to see if there's something that may be illogical or distorted about it. Is there perhaps a more rational response? Clarity can often come from writing. It may be more effective to handwrite your observations rather than type them. Technology might sometimes become too distancing for this purpose.

      Get some distance.

      In life, perception is often reality. But our perception may be clouded. When you've suffered a setback, you may not be able to view the situation with clarity, because your emotions obscure your view. It may help to distance yourself temporarily from the problem so you can gain a more objective perspective on what happened.

      Don't beat a dead horse.

      Conventional advice is often to get back in the game and try harder. There are times, however, when reevaluating your course of action may be called for. Was the goal or the direction right for you? Was it realistically achievable? Have conditions changed to make it less desirable to pursue the same course? The setback may be your clarion call to explore an alternative path. What is your plan B?

      Ease up on yourself.

      One of the perils of going through a setback is that we can have a tendency to be too hard on ourselves. A way to stay motivated and to continue to focus on what fuels you is to practice self-compassion. This may result in experiencing less anxiety and being more optimistic about the future. A measure of self-compassion may reduce the stress brought about by the setback and help you cope better with the hand that's dealt. So, try to cut yourself some slack.

      Stay big.

      Perhaps one of the best ways to cope with a setback in business can be to remind yourself of your "why." Reconnect with your reasons for doing what you do. Don't forget the meaning behind all your efforts. Remind yourself of where you've been, what you've achieved so far, and keep your eye on the vision you created for yourself. What got you out of bed in the morning raring to go? It may help to ensure you don’t lose sight of this. A setback can be just a stumbling block, and you may need to find ways to jump over it rather than let it stop you in your tracks.

      Join the discussion with other small-business owners here.

      A version of this article was originally published on March 3, 2016. 

      Photo: iStock
       
      American Express Business Class Logo
      Share This Story
      Email Icon
      Facebook Icon
      Twitter Icon
      LinkedIn Icon

      Published: March 10, 2017

      Updated: March 16, 2017


      Want to Dig Deeper?


      Trending Content